Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.finca.org/ |
Year established | 1992 |
Head of Institution | Julius Omoding |
Regions active | Central, Eastern, Northern, Western, Southern |
# Branches | 27 |
Total Portfolio (nat'l) | UGX 69,190,692,605 |
Total Portfolio (USD) | USD 27,402,254.50 |
Active clients with loans | 56,372 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | FINCA International |
Funders | FINCA International, SEEP, Gates Foundation |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1979 |
Head of Institution | PANCRASIO D. AJERO |
Regions active | |
# Branches | 5 |
Total Portfolio (nat'l) | PhP 43,039,358 |
Total Portfolio (USD) | USD 1,029,649.71 |
Active clients with loans | 5,290 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Microenterprise Access to Banking Services (MABS), Mindanao Microfinance Council (MMC), Rural Bankers Association of the Philippines (RBAP), Zamboanga del Norte Federation of Rural Banks |
Funders | Bank of the Philippine Islands (BPI), Landbank of the Philippines (LBP), People's Credit and Finance Corporation (PCFC) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINCA Business Loan | UGX 500,000 - 200,000,000 | 3 - 36 | 20% - 40% | 80% - 100% | Business, Agriculture, Education | Women, Men, Have business, Specific age group | Credit Ins | |||||||
FINCA Small Group Loan | UGX 500,000 - 10,000,000 | 3 - 12 | 20% - 40% | 60% - 80% | Business, Agriculture, Education | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins | |||||||
FINCA Village Group Loan | UGX 50,000 - 10,000,000 | 4 - 8 | 40% - 60% | 20% - 40% | Business, Agriculture, Education | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins | |||||||
FINCA Agriculture Loan | UGX 100,000 - 60,000,000 | 3 - 36 | 40% - 60% | 20% - 40% | Business, Agriculture, Education | Women, Men, Individual farmers & farmers in cooperatives | Loan guarantee up to 50% by agribusiness initiative |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMPK-GRASA Program | PHP 2,000 - 50,000 | 3 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Specific age group, 2 years resident in area, Must pass Means Test | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
SIPAG (Sinugdanan sa Paglambo) Loan | PHP 5,000 - 150,000 | 3 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Has 2 valid IDs, Barangay Clearance, DTI , 2 years resident in area | Credit Ins, Tech Asst Visits, Business Training, Seminar on Livelihoods |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINCA Business Loan | 24.0%-36.0% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 32.2% - 36.1% | 33% - 37% | 68 | ||||||||
FINCA Small Group Loan | 68.8% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0% upfront | 69.2% - 71.6% | 82.7% - 87.1% | 81 | ||||||||
FINCA Village Group Loan | 68.8% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0% upfront 1.00% ongoing | 70% - 80.5% | 84.2% - 97.9% | 78 | ||||||||
FINCA Agriculture Loan | 42.0%-68.8% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 59.7% - 71.5% | 59.7% - 71.5% | 66 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMPK-GRASA Program | 30.0% annual, Flat | 1 Fee | 1 Ins | 1.00% loan amt | 50.00 ongoing | 82.9% - 83% | 93.2% - 165.2% | 26 | ||||||||
SIPAG (Sinugdanan sa Paglambo) Loan | 30.0% annual, Flat | 1 Fee | 2 Ins | None | 5.0% upfront 0.02% ongoing | 78.1% - 78.2% | 97% - 113% | 29 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINCA Business Loan | 24.0%-36.0% annual, Decl Bal | 2 Fees | 1 Ins Ins | None | N/A | 32.2% - 36.1% | 33% - 37% | 68 | ||||||||
FINCA Small Group Loan | 68.8% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 69.2% - 71.6% | 82.7% - 87.1% | 81 | ||||||||
FINCA Village Group Loan | 68.8% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 10.0% upfront 1.00% ongoing | 70% - 80.5% | 84.2% - 97.9% | 78 | ||||||||
FINCA Agriculture Loan | 42.0%-68.8% annual, Decl Bal | 2 Fees | 0 Ins Ins | None | N/A | 59.7% - 71.5% | 59.7% - 71.5% | 66 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMPK-GRASA Program | 30.0% annual, Flat | 1 Fee | 1 Ins Ins | 1.00% loan amt | 50.00 ongoing | 82.9% - 83% | 93.2% - 165.2% | 26 | ||||||||
SIPAG (Sinugdanan sa Paglambo) Loan | 30.0% annual, Flat | 1 Fee | 2 Ins Ins | None | 5.0% upfront 0.02% ongoing | 78.1% - 78.2% | 97% - 113% | 29 |
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