Outstanding portfolio (PHP) | PHP 13,787,345 |
Portfolio (USD) | USD 329,840.79 |
Active Clients with Loans | 858 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | x |
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 | |
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 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 2.0 months |
Longest loan term | 6.0 months |
Approx average | 5.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
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 | Service charge |
% 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 | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 15 |
Fixed amount - max | 1,050 |
Reason for variation | % Loan Amount: 2 mos =0.3%, 3 mos= 0.4%, 4 mos= 0.5%, 5 mos =0.6%, 6 mos =0.7% |
Appears on Repayment Sched? | No |
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 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 70,000 | PHP 150,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-09-09 | 2011-09-07 | 2011-09-22 | 2011-09-13 | 2011-09-15 | 2011-09-08 | |||||
Loan Term (Months) | 3.7 months | 6.0 months | 6.0 months | 6.0 months | 4.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 90.9% | 71.7% | 70.8% | 76.7% | 83.2% | 71.7% | |||||
Insurance Component | 3.4% | 2.8% | 2.8% | 3.0% | 3.1% | 2.8% | |||||
Tax Component | 1.1% | 1.0% | 1.0% | 1.1% | 1.0% | 1.0% | |||||
Deposit Component | 54.5% | 8.8% | 7.2% | 1.4% | 1.4% | 6.2% | |||||
Full APR (int fee ins tax dep) | 149.9% | 84.3% | 81.8% | 82.2% | 88.7% | 81.8% | |||||
Transparency Index | 24 | 43 | 44 | 44 | 41 | 44 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.ecofuturo.com.bo/ |
Year established | 1998 |
Head of Institution | Joaquin Fernando Mompo Siles |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , PotosÃ, Santa Cruz, Tarija |
# Branches | 9 |
Total Portfolio (nat'l) | BOB 1,640,984,134 |
Total Portfolio (USD) | USD 243,108,760.60 |
Active clients with loans | 59,512 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 60% - 80% |
Network affiliations | ASOFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Eco - BOB | BOB 350 - 3,500,000 | 3 - 120 | 20% - 40% | 60% - 80% | Business, Agriculture, Consumer, Education, Other | Women, Men, Have business | Credit Ins | |||||||
Eco - USD | USD 300 - 500,000 | 3 - 120 | 20% - 40% | 60% - 80% | Business, Agriculture, Consumer, Education, Other | Women, Men, Have business | Credit Ins | |||||||
Eco - Vivienda (BOB) | BOB 35,000 - 3,500,000 | 3 - 120 | 20% - 40% | 60% - 80% | Compra de Vivienda, Construcción | Women, Men, Have business, Have home or land, Salaried worker | Credit Ins | |||||||
Eco - Vivienda (USD) | USD 5,000 - 500,000 | 3 - 120 | 20% - 40% | 60% - 80% | Compra de Vivienda, Construcción | Women, Men, Have business, Have home or land, Salaried worker | Credit Ins | |||||||
Eco - Hagar (BOB) | BOB 3,500 - 68,600 | 3 - 48 | 20% - 40% | 40% - 60% | Construcción de Vivienda, Refacción, remodelación y ampliación | Women, Men, Have business, Have home or land, Salaried worker | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Eco - BOB | 10.0%-30.0% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 15% - 27.7% | 16% - 29.3% | 40 | ||||||||
Eco - USD | 9.2%-30.0% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 12% - 28.9% | 13.8% - 30.5% | 47 | ||||||||
Eco - Vivienda (BOB) | 6.0%-23.0% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 9.9% - 23.7% | 11% - 24.8% | 37 | ||||||||
Eco - Vivienda (USD) | 8.9%-26.0% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 11.4% - 25.7% | 13.3% - 26.7% | 47 | ||||||||
Eco - Hagar (BOB) | 11.0%-30.0% annual, Decl Bal | 0 Fees | 2 Ins | None | N/A | 20.1% - 24.9% | 21.1% - 26.6% | 45 |
Key Statistics | |
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Loan Portfolio (USD) | |
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% 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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