| Number borrowers | 6,341 |
| Loan Amount (range) | PHP 10,000 - 50,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Ins, Business Training, Other Training |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 100.00 upfront 4.00% upfront |
| Insurance | 75.00-469.00 upfront |
| Tax | 0.25% loan amt |
| Comp Dep | 10.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 49.2% - 61.2% (Int+Fee) |
| Insurance Component | 7.9% - 9.5% |
| Tax Component Range | 1.0% - 2.0% |
| Full APR (int fee ins tax dep) | 63.0% - 79.0% |
| Transparency Index (min/max) | 26 - 48 |
| Transparency Index (average) | 42 |
| 712 |
| BOB 350 - 21,000 |
| 6 - 80 |
| Credit Educ |
| 13.0%-28.0% annual, Decl Bal |
| 1.00%-2.00% upfront |
| 0.48%-6.40% ongoing |
| None |
| N/A |
| 15.0% - 34.0% |
| 0.9% - 5.5% |
| 0.9% - 1.7% |
| 0 |
| 19.5% - 26.8% |
| 43 - 82 |
| 56 |
| Outstanding portfolio (PHP) | PHP 169,434,204 |
| Portfolio (USD) | USD 4,053,449.86 |
| Active Clients with Loans | 6,341 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| 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 | |
| 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 7,682,403 |
| Portfolio (USD) | USD 1,138,133.78 |
| Active Clients with Loans | 712 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| 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 | x |
| 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 10,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| 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 | 21,000 |
| Loans less than BOB 10,000 | 30% |
| BOB 10,000-40,000 | 70% |
| 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 | 6.0 months |
| Longest loan term | 80.0 months |
| Approx average | 43.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 10% |
| 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 | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| 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 | Fee 2 | ||
|---|---|---|---|
| Description | Notarial Fee | Service Charge | |
| % of loan amount - min | 0 | 4.00% | |
| % of loan amount - max | 0 | 4.00% | |
| OR, Fixed amount - min | 100 | 0 | |
| Fixed amount - max | 100 | 0 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | MicroEnsure |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 75 |
| Fixed amount - max | 469 |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 13.00% |
| Highest quoted nominal interest | 28.00% |
| Reason(s) why interest rate varies | Loan Size, Collateral |
| 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 | 0.48% |
| % of loan amount - max | 6.40% |
| 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 15,000 | PHP 15,000 | PHP 30,000 | PHP 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 1 | 3 | 1 | |||
| Disbursement Date | 2011-05-31 | 2011-06-27 | 2011-06-30 | 2011-07-29 | |||
| Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.0 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 | 61.2% | 59.9% | 49.2% | 52.9% | |||
| Insurance Component | 9.5% | 9.3% | 7.9% | 8.5% | |||
| Tax Component | 2.0% | 2.0% | 1.7% | 1.8% | |||
| Deposit Component | 6.4% | 6.1% | 4.3% | 5.0% | |||
| Full APR (int fee ins tax dep) | 79.0% | 77.2% | 63.0% | 68.2% | |||
| Transparency Index | 38 | 39 | 48 | 44 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 5,000 | BOB 7,500 | BOB 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-08-08 | 2013-01-19 | 2014-03-06 | ||
| Loan Term (Months) | 18.0 months | 24.0 months | 45.0 months | ||
| Grace Period (Months) | 0.1 months | -0.1 months | 0.0 months | ||
| Total Cost of Credit | BOB 1,013.97 | BOB 2,239.37 | BOB 5,718.07 | ||
| True Price by Comp | |||||
| Interest price component | 22.1% | 24.1% | 17.0% | ||
| Fee Component | 1.4% | 1.1% | 0.9% | ||
| Insurance Component | 1.7% | 1.6% | 1.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 25.2% | 26.8% | 19.5% | ||
| Transparency Index | 52 | 49 | 67 | ||
| 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 |
|---|---|---|---|---|---|---|---|
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