Number borrowers | 858 |
Loan Amount (range) | PHP 5,000 - 150,000 |
Loan Term (range) | 2 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 15.00-1,050.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 70.8% - 90.9% (Int+Fee) |
Insurance Component | 2.8% - 3.4% |
Tax Component Range | 1.0% - 1.1% |
Full APR (int fee ins tax dep) | 81.8% - 149.9% |
Transparency Index (min/max) | 24 - 47 |
Transparency Index (average) | 40 |
50,339 |
BOB 7,000 - 140,000 |
3 - 96 |
Credit Ins, Ahorro |
13.0%-28.0% annual, Decl Bal |
None |
0.30%-9.60% ongoing |
None |
N/A |
13.1% - 32.0% |
0 - 1.1% |
0 - 1.4% |
0 |
14.3% - 29.2% |
44 - 91 |
59 |
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 |
Outstanding portfolio (BOB) | BOB 1,507,466,473 |
Portfolio (USD) | USD 223,328,366.40 |
Active Clients with Loans | 50,339 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | Ahorro |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
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 |
Currency | BOB |
Minimum loan size | BOB 7,000 |
Maximum loan size | 140,000 |
Loans less than BOB 10,000 | 15% |
BOB 10,000-40,000 | 50% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 15% |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 96.0 months |
Approx average | 27.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 10% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
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 |
Lowest quoted nominal interest | 13.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, 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 | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.30% |
% of loan amount - max | 9.60% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Comisión de 0.1% mensual que aplica sólo al saldo del principal del préstamo pendiente. |
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 | 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 7,000 | BOB 25,000 | BOB 40,000 | BOB 70,000 | BOB 100,000 | BOB 100,001 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2014-03-07 | 2014-03-07 | 2014-03-07 | 2014-03-07 | 2014-03-07 | 2014-03-07 | |||||
Loan Term (Months) | 3.1 months | 18.0 months | 36.0 months | 66.0 months | 97.0 months | 19.0 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 | BOB 169.85 | BOB 6,202.29 | BOB 14,064.01 | BOB 70,505.50 | BOB 108,782.75 | BOB 19,615.09 | |||||
True Price by Comp | |||||||||||
Interest price component | 13.1% | 28.1% | 20.1% | 28.1% | 20.1% | 21.1% | |||||
Fee Component | 0.0% | 1.1% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 1.2% | 0.0% | 1.2% | 1.1% | 1.2% | 1.2% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 14.3% | 29.2% | 21.3% | 29.2% | 21.3% | 22.3% | |||||
Transparency Index | 91 | 44 | 61 | 44 | 61 | 58 | |||||
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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