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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 12,118,482 |
| Portfolio (USD) | USD 289,915.84 |
| Active Clients with Loans | 524 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
PAHULAM SA GAGMAYNG NEGOSYANTE (Micro Business Loan) - KUGI LOAN is offered to micro-entrepreneurs engaged in various microentrepreneurial activities
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 150,000 |
Loan Term and Grace Period
| Shortest loan term | 1.0 month |
| Longest loan term | 10.0 months |
| Approx average | 6.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | x |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Service Charge + Processing Fee | | Notarial Fee |
| % of loan amount - min | 2.50% | | 0 |
| % of loan amount - max | 2.50% | | 0 |
| OR, Fixed amount - min | 0 | | 200 |
| Fixed amount - max | 0 | | 200 |
| Reason for variation | | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Credit Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 170 |
| Fixed amount - max | 39,750 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Annually |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
(1) Credit Insurance = [(Principal x 3% x term in days/36 days) + Principal] x 1.5% ; \r(2) Savings = 2% of Principal/Term in days
Full Pricing Data
KUGI samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | PHP 7,000 | | PHP 15,000 | | PHP 30,000 | | PHP 50,000 | | PHP 100,000 | | PHP 120,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-05-06 | | 2011-06-03 | | 2011-07-01 | | 2011-06-24 | | 2011-05-31 | | 2011-05-17 |
| Loan Term (Months) | 6.1 months | | 6.1 months | | 3.0 months | | 6.1 months | | 10.0 months | | 10.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | | | | | | | |
| Interest and Fee Component | 78.8% | | 72.2% | | 82.0% | | 68.2% | | 58.8% | | 58.8% |
| Insurance Component | 7.7% | | 7.6% | | 13.5% | | 7.5% | | 4.9% | | 4.9% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 2.0% | | 2.4% | | 2.3% | | 1.8% | | 0.3% | | 0.3% |
| Full APR (int fee ins tax dep) | 88.6% | | 82.1% | | 97.7% | | 77.4% | | 64.0% | | 64.0% |
| Transparency Index | 34 | | 37 | | 31 | | 39 | | 47 | | 47 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
