Number borrowers | 1,171 |
Loan Amount (range) | PHP 5,000 - 25,000 |
Loan Term (range) | 3.7 - 12.1 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 24.0%-30.0% annual, Flat |
Fees | 4.00%-6.00% upfront 130.00 upfront |
Insurance | 182.50 upfront 1.13% upfront |
Tax | None |
Comp Dep | 3.0% upfront 20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 70.9% - 86.0% (Int+Fee) |
Insurance Component | 2.9% - 10.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 98.2% - 115.6% |
Transparency Index (min/max) | 21 - 24 |
Transparency Index (average) | 22 |
4,412 |
BOB 350 - 350,000 |
3 - 60 |
Credit Ins, Tech Asst Visits |
15.0%-28.0% annual, Decl Bal |
1.00%-2.00% upfront |
0.24%-4.80% ongoing |
None |
N/A |
15.0% - 34.0% |
0.9% - 5.5% |
0.9% - 1.7% |
0 |
19.2% - 32.5% |
43 - 82 |
59 |
Outstanding portfolio (PHP) | PHP 9,589,793 |
Portfolio (USD) | USD 229,420.89 |
Active Clients with Loans | 1,171 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 42,921,469 |
Portfolio (USD) | USD 6,358,736.15 |
Active Clients with Loans | 4,412 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
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 | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 25,000 |
Shortest loan term | 3.7 months |
Longest loan term | 12.1 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 | BOB |
Minimum loan size | BOB 350 |
Maximum loan size | 350,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 31.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 20% |
Longer than 18 months | 60% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Branch, Client Risk, Additional Services |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Filing Fee/Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 6.00% | 0 | |
OR, Fixed amount - min | 0 | 130 | |
Fixed amount - max | 0 | 130 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Basic Life Insurance (annual fee) | Loan Insurance | |
% of loan amount - min | 0 | 1.13% | |
% of loan amount - max | 0 | 1.13% | |
OR, Fixed amount - min | 182.50 | 0 | |
Fixed amount - max | 182.50 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 20 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.50% |
Maximum interest rate paid | 4.50% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 4.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
Appears on Repayment Sched? | 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 10,000 | PHP 15,000 | PHP 20,000 | PHP 25,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | 1 | Not Known | |||
Disbursement Date | 2011-09-26 | 2011-09-30 | 2011-09-30 | 2011-09-27 | |||
Loan Term (Months) | 6.1 months | 12.1 months | 6.1 months | 6.1 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 | 86.0% | 70.9% | 86.0% | 85.4% | |||
Insurance Component | 2.9% | 6.2% | 7.1% | 10.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 9.4% | 24.7% | 17.6% | 19.3% | |||
Full APR (int fee ins tax dep) | 98.2% | 101.8% | 110.6% | 115.6% | |||
Transparency Index | 24 | 24 | 22 | 21 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 8,500 | BOB 105,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-11-06 | 2013-01-08 | 2013-11-28 | ||
Loan Term (Months) | 6.0 months | 18.0 months | 35.0 months | ||
Grace Period (Months) | 0.3 months | 0.0 months | 4.6 months | ||
Total Cost of Credit | BOB 102.98 | BOB 2,445.02 | BOB 35,713.50 | ||
True Price by Comp | |||||
Interest price component | 26.1% | 24.8% | 17.3% | ||
Fee Component | 4.9% | 1.1% | 1.0% | ||
Insurance Component | 1.5% | 1.2% | 0.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.5% | 27.1% | 19.2% | ||
Transparency Index | 46 | 55 | 78 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |