Tulay sa Pag-unlad, Inc. - TSPI Maunlad Program - MFTransparency.org Truth In Lending Tables

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Institution

Tulay sa Pag-unlad, Inc. 2363 Antipolo St.Makati1212

Data approved: 2011-11-15

Data version: 1

Age of data: 159 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 4,274,666.40
Portfolio (USD)	USD 102,264.75
Active Clients with Loans	92
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

The TSPI Maunlad Program is an individual loan product primarily designed to meet the expanding credit needs of successful and loyal clients of TSPI. It is offered to clients who can guarentee their loan through either a co-borrower or collateral

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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	Must have colateral or a co-borrower
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 30,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.40%
Highest quoted nominal interest	3.00%
Reason(s) why interest rate varies	On time payment
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Encumberance Fee
% of loan amount - min	1.50%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1	Ins 2
Description	Grepalife MRI	MBA Credit Life
% of loan amount - min	32.00%	0
% of loan amount - max	32.00%	0
OR, Fixed amount - min	0	240
Fixed amount - max	0	240
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 100
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

TSPI Maunlad Program samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 30,000	PHP 60,000	PHP 80,000	PHP 100,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-05-30	2009-08-20	2011-04-26	2011-05-30
Loan Term (Months)	6.0 months	24.0 months	11.2 months	11.2 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	63.1%	47.2%	69.4%	69.3%
Insurance Component	3.8%	1.8%	2.8%	2.5%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	18.2%	16.2%	17.2%	17.9%
Full APR (int fee ins tax dep)	85.0%	65.1%	89.4%	89.7%
Transparency Index	34	44	32	32

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

TSPI Maunlad Program Price Graphs

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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

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N (# of Samples)
Total Borrrowers of Samples


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