Number borrowers | 4,036 |
Loan Amount (range) | PHP 2,000 - 50,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 5.00% upfront |
Insurance | 10.00 ongoing |
Tax | 1.00% loan amt |
Comp Dep | 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 82.9% - 83.0% (Int+Fee) |
Insurance Component | 2.8% - 30.8% |
Tax Component Range | 0.8% - 4.9% |
Full APR (int fee ins tax dep) | 93.2% - 165.2% |
Transparency Index (min/max) | 18 - 32 |
Transparency Index (average) | 26 |
26,825 |
USD 1,001 - 2,500 |
3 - 24 |
22.8%-33.6% annual, Decl Bal |
None |
None |
None |
N/A |
21.4% - 34.8% |
0 |
0 |
0 |
24.1% - 32.4% |
70 - 101 |
82 |
Outstanding portfolio (PHP) | PHP 16,439,719.35 |
Portfolio (USD) | USD 393,294.72 |
Active Clients with Loans | 4,036 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Semi-individual/ASA Methodology |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
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 | 2 years resident in area, Must pass Means Test |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 34,112,203.10 |
Portfolio (USD) | USD 34,112,203.10 |
Active Clients with Loans | 26,825 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Currency | PHP |
Minimum loan size | PHP 2,000 |
Maximum loan size | 50,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 1,001 |
Maximum loan size | 2,500 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 0 |
USD 1,000-1,500 | 30% |
USD 1,500-2,000 | 40% |
USD 2,000-2,500 | 30% |
Greater than USD 2,500 | 30% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 13.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Mutual Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 10 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 1.90% |
Highest quoted nominal interest | 2.80% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose, High credit risk level = higher interest rate |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 33,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-01-25 | 2011-03-02 | 2011-07-07 | 2011-06-30 | |||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 83.0% | 83.0% | 82.9% | 82.9% | |||
Insurance Component | 30.8% | 11.7% | 6.3% | 2.8% | |||
Tax Component | 4.9% | 4.8% | 4.8% | 4.8% | |||
Deposit Component | 46.5% | 12.9% | 6.2% | 2.7% | |||
Full APR (int fee ins tax dep) | 165.2% | 112.4% | 100.1% | 93.2% | |||
Transparency Index | 18 | 27 | 30 | 32 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 1,200 | USD 1,700 | USD 2,300 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-11 | 2013-03-12 | 2013-02-20 | ||
Loan Term (Months) | 15.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.3 months | 0.0 months | -0.1 months | ||
Total Cost of Credit | USD 272.03 | USD 431.88 | USD 667.75 | ||
True Price by Comp | |||||
Interest price component | 32.4% | 24.1% | 27.7% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.4% | 24.1% | 27.7% | ||
Transparency Index | 70 | 95 | 82 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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