| Number borrowers | 4,828 |
| Loan Amount (range) | PHP 1,000 - 20,000 |
| Loan Term (range) | 5 - 10 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | 2.00% upfront 20.00 ongoing |
| Tax | None |
| Comp Dep | 5.0% upfront 10.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 57.4% - 71.3% (Int+Fee) |
| Insurance Component | 6.4% - 75.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 69.8% - 94.1% |
| Transparency Index (min/max) | 15 - 34 |
| Transparency Index (average) | 29 |
| Outstanding portfolio (PHP) | PHP 21,130,731 |
| Portfolio (USD) | USD 505,519.88 |
| Active Clients with Loans | 4,828 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | Modified Grameen |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Member for > 6 months |
| Other (2) | At least on the 2nd cycle of regular loan |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 1,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 5.0 months |
| Longest loan term | 10.0 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| 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 Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 10 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 7,000 | PHP 14,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-06-29 | 2011-06-30 | 2011-06-07 | ||
| Loan Term (Months) | 4.0 months | 6.0 months | 9.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 71.3% | 64.1% | 57.4% | ||
| Insurance Component | 14.2% | 9.6% | 6.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.6% | 7.2% | 6.0% | ||
| Full APR (int fee ins tax dep) | 94.1% | 80.9% | 69.8% | ||
| Transparency Index | 25 | 30 | 34 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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| 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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