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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 163 months
Description
Lend to members who are engaged to Farm Productions (like: rice, corn, vegetables, fruits & other crops) as well as Farm Maintenance.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education x Group meetings x Credit insurance x Workplace visits x Business training x 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 x Other Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency PHP Minimum loan size PHP 3,000 Maximum loan size 10,000
Shortest loan term 6.0 months Longest loan term 6.0 months Approx average 6.0 months
Daily Weekly Every 2 weeks Every 4 weeks Monthly Every 2 months Quarterly Every 6 months Every 12 months Single end payment x Irregular payments x
Pricing Information
Interest
Lowest quoted nominal interest 28.00% Highest quoted nominal interest 28.00% Interest rate period Yearly Interest Rate Calculation Method Flat Subsidized by funder request? Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Fee 2 Description Service Charge Filing Fee % of loan amount - min 2.00% 1.50% % of loan amount - max 4.00% 3.00% OR, Fixed amount - min 0 0 Fixed amount - max 0 0 Reason for variation N/A Appears on Repayment Sched? No No
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Loan Insurance % of loan amount - min 0 % of loan amount - max 0 OR, Fixed amount - min 18.55 Fixed amount - max 62 Reason for variation N/A Appears on Repayment Sched? No
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/A Is deposit indicated on the repayment schedule? N/A Do borrowers control deposit in their group? N/A
Deposit BEFORE or AT Disbursement
% loan amount deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
Taxes
Are taxes charged on this product? Yes Percentage of fees 0 All or some fees taxed N/A
Additional Comments
TAXES PRIOR TO DISBURSEMENT: .5% of Fees; TAXES DURING PERIODIC LOAN REPAYMENTS - Documentary Stamps: .25%-.5% of Loan
Farm Financing Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. RurBank Institution Type Business Loan Purpose PBC Institution PH-035-V01-P03 Product PH Country 2011 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 8,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 7,100 5,300 3,500 1,700 100 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
