2. RMB
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Ecofuturo
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rizal Microbank (A Thrift Bank of RCBC) 2/F EDES 2 Building Acacia SectionJ.P. Laurel AvenueDavao City, Davao del Sur/Region XI8000
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Institution

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2013-12-31
Data version: 2
Age of data: 130 months
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Product

Pitaka Microenterprise Loan Product 1 of 1 « Prev | Next »

Product

Eco - Vivienda (USD) Product 11 of 12 « Prev | Next »

Product Summary

Number borrowers137
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)2 - 6
Other Services (text summary)Credit Ins
Annual Interest & Method21.0% annual, Flat
Fees2.50% upfront 100.00 upfront
Insurance22.50-675.00 ongoing
Tax0.50% loan amt
Comp Dep100.00 upfront 10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component58.8% - 73.1% (Int+Fee)
Insurance Component3.6% - 3.9%
Tax Component Range0 - 1.1%
Full APR (int fee ins tax dep)55.4% - 80.2%
Transparency Index (min/max)26 - 38
Transparency Index (average)31

Product Summary

315
USD 5,000 - 500,000
3 - 120
Credit Ins
8.9%-26.0% annual, Decl Bal
None
0.25%-9.96% ongoing Y
None
N/A
 
9.9% - 28.9%
0
0.9% - 1.9%
0
13.3% - 26.7%
24 - 67
47

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 7,264,101
Portfolio (USD)USD 173,782.32
Active Clients with Loans137
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The Pitaka Microenterprise Loan is for business operators who have a need for additional working capital of up to PhP150,000. This ME Loan is granted to individual clients based on character and capacity to pay.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (USD)USD 5,152,482
Portfolio (USD)USD 5,152,482
Active Clients with Loans315
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos a personas asalariadas o microempresarios que destinen el credito a la vivienda
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCompra de Vivienda
Other (2)Construcción
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term6.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 5,000
Maximum loan size500,000
Distribution at Disbursement (Est.)
Loans less than USD 1,5000
USD 1,500-5,0000
USD 5,000-10,00010%
USD 10,000-15,00020%
USD 15,000-18,00010%
Greater than USD 18,00010%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term120.0 months
Approx average92.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest1.75%
Highest quoted nominal interest1.75%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeNotarial Fee
% of loan amount - min2.50%0
% of loan amount - max2.50%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionMicro-Insurance (Credit, AD & D, Health)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min22.50
Fixed amount - max675
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest8.86%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionSeguro de DesgravamenSeguro de Todo Riesgo
% of loan amount - min0.25%0
% of loan amount - max9.96%0.80%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationFee is 0.083%, charged each month on the outstanding loan principal only.Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient.
Appears on Repayment Sched?YesYes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Pitaka Microenterprise Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 15,000PHP 30,000PHP 60,000PHP 85,000PHP 130,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known21
Disbursement Date2011-03-042011-01-262011-04-072011-03-032011-04-152011-04-28
Loan Term (Months)2.8 months4.0 months2.8 months2.8 months2.8 months2.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component73.1%59.1%62.4%63.8%59.4%58.8%
Insurance Component3.9%3.8%3.8%3.9%3.6%3.6%
Tax Component1.1%1.0%1.1%0.0%1.0%1.0%
Deposit Component2.1%3.3%-0.5%-0.7%-1.0%-7.9%
Full APR (int fee ins tax dep)80.2%67.1%66.8%67.0%63.0%55.4%
Transparency Index263131313338
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Eco - Vivienda (USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,000USD 11,000USD 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-10-152014-04-012014-04-01
Loan Term (Months)61.0 months49.0 months97.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditUSD 685.36USD 6,080.91USD 12,777.57
True Price by Comp     
Interest price component11.4%25.7%19.8%
Fee Component0.0%0.0%0.0%
Insurance Component1.9%1.0%1.1%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)13.3%26.7%20.9%
Transparency Index673342
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Pitaka Microenterprise Loan Price Graphs


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Eco - Vivienda (USD) Price Graphs


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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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