| Number borrowers | 6,398 |
| Loan Amount (range) | PHP 3,000 - 50,000 |
| Loan Term (range) | 3 - 12 |
| Other Services (text summary) | Group Mtgs |
| Annual Interest & Method | 18.0%-24.0% annual, Flat |
| Fees | 7.25% upfront |
| Insurance | 0.50%-1.40% upfront 0.50%-1.40% upfront |
| Tax | 5.25% loan amt |
| Comp Dep | 5.0% upfront 5.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 53.1% - 98.3% (Int+Fee) |
| Insurance Component | 9.1% - 23.7% |
| Tax Component Range | 0 - 11.5% |
| Full APR (int fee ins tax dep) | 128.4% - 178.0% |
| Transparency Index (min/max) | 9 - 14 |
| Transparency Index (average) | 12 |
| Outstanding portfolio (PHP) | PHP 39,353,526 |
| Portfolio (USD) | USD 941,471.91 |
| Active Clients with Loans | 6,398 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| 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 |
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | N/A |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Bank Charge |
| % of loan amount - min | 7.25% |
| % of loan amount - max | 7.25% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Cash Death Assistance | Credit Insurance | |
| % of loan amount - min | 0.50% | 0.50% | |
| % of loan amount - max | 1.40% | 1.40% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-06-09 | 2011-06-19 | 2011-07-29 | 2011-06-21 | |||
| Loan Term (Months) | 3.0 months | 6.0 months | 8.0 months | 10.0 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 | 98.3% | 69.6% | 59.2% | 53.1% | |||
| Insurance Component | 22.7% | 12.1% | 10.8% | 9.1% | |||
| Tax Component | 10.3% | 0.0% | 5.4% | 4.8% | |||
| Deposit Component | 46.8% | 46.7% | 54.9% | 73.0% | |||
| Full APR (int fee ins tax dep) | 178.0% | 128.4% | 130.3% | 140.1% | |||
| Transparency Index | 10 | 14 | 14 | 13 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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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