Ad Jesum Development Foundation, Inc. - Grameen I or Regular Loan - MFTransparency.org Truth In Lending Tables

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Institution

Ad Jesum Development Foundation, Inc. Clergy House CompoundMadangMati City, Davao Oriental/Region XI8200

Data approved: 2011-11-15

Data version: 1

Age of data: 163 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 19,276,410
Portfolio (USD)	USD 461,158.13
Active Clients with Loans	11,000
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking	x
Self help group	x
Other

Description

Group collateral

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
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 3,000
Maximum loan size	60,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Loan Insurance - Registration
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	300
Fixed amount - max	300
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

	Ins 1
Description	Life Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	20
Fixed amount - max	20
Reason for variation	N/A
Appears on Repayment Sched?	No

Compulsory Deposit

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

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 8 - PHP 20
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	0
All or some fees taxed	N/A

Additional Comments

Periodic Saving (Compulsory) = PhP 8 for first

Full Pricing Data

Grameen I or Regular Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	PHP 3,000	PHP 8,000	PHP 15,000	PHP 25,000	PHP 60,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-08-24	2011-09-13	2011-05-05	2011-09-12	2011-07-18
Loan Term (Months)	5.8 months	5.8 months	11.7 months	11.7 months	11.7 months
Grace Period (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
True Price by Comp
Interest and Fee Component	81.8%	81.8%	73.8%	73.8%	73.8%
Insurance Component	110.5%	40.3%	16.3%	9.8%	4.1%
Tax Component	2.8%	2.4%	1.3%	1.2%	1.2%
Deposit Component	28.9%	18.6%	12.7%	10.0%	7.9%
Full APR (int fee ins tax dep)	224.0%	143.2%	104.1%	94.9%	87.0%
Transparency Index	16	25	35	38	41

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

Grameen I or Regular Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ABT	25,400	37,378,000	2	126
AKIBA	26,900	36,852,000	4	139
BELITA	5,800	492,000	1	139
BRAC Tanzania	102,300	19,663,000	2	139
F & K Finance	0	38,000	1	162
FINCA Tanzania	78,400	31,517,000	3	122
FMFC	1,500	392,000	6	139
K-Finance Ltd	1,000	264,000	2	139
Mbinga	1,000	2,986,000	3	139
MCBL	3,600	2,837,000	6	139
MDF Tanzania	600	148,000	1	139
NMB	45,100	74,528,000	1	139
Opportunity	8,600	3,018,000	3	139
PRIDE Tanzania	104,400	33,321,000	3	139
PTF		-	N/A	139
Selfina	8,000	3,773,000	2	162
Tujijenge Tanzania	10,000	2,060,000	4	139
VF^Tanzania	34,390	7,613,000	4	133
Victoria	100	377,000	3	162
YOSEFO	17,100	2,211,000	3	162

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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Total Borrrowers of Samples


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