Cantilan Bank, Inc. (A Rural Bank) - HOME - Housing Microfinance for Entrepeneurs - MFTransparency.org Truth In Lending Tables

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Institution

Cantilan Bank, Inc. (A Rural Bank) Orozco St., Brgy. MagosilomCantilan, Surigao del Sur8317

Data approved: 2011-11-15

Data version: 1

Age of data: 163 months

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 6,390,000
Portfolio (USD)	USD 152,870.81
Active Clients with Loans	393
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

A loan product intended to finance the micro entrepreneurs' needs such as: house renovation and extension, installation of water and electrical facilities, and other home improvement necessities.

Loan Purpose

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

Included Services

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

Eligibility

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)

# 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 7,000
Maximum loan size	150,000

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
Every 2 weeks
Every 4 weeks
Monthly	x
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?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% of loan amount - min	0
% of loan amount - max	1.00%
OR, Fixed amount - min	200
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	Insurance
% of loan amount - min	0.40%
% of loan amount - max	0.40%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

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

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	PHP 100

Deposits DURING period payments

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

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
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

Doc. Stamps: (/2)x (no. of days/36)

Full Pricing Data

HOME - Housing Microfinance for Entrepeneurs samples

	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 90,000	PHP 120,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-07-29	2010-12-08	2010-12-07	2011-07-06	2011-06-17	2011-07-18
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months	12.0 months	12.0 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	71.3%	68.4%	67.2%	65.3%	63.0%	71.1%
Insurance Component	1.0%	0.9%	0.9%	0.9%	0.9%	1.0%
Tax Component	1.2%	1.2%	1.2%	1.1%	1.1%	1.3%
Deposit Component	1.5%	0.8%	0.4%	0.2%	0.1%	0.1%
Full APR (int fee ins tax dep)	75.0%	71.3%	69.7%	67.5%	65.1%	73.4%
Transparency Index	48	50	52	53	55	49

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

HOME - Housing Microfinance for Entrepeneurs Price Graphs

Loan Size/

Loan Term/

Custom

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Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACSI	682,200	103,172,000	5	162
ADCSI	176,100	30,846,000	2	163
BG	47,000	4,048,000	4	162
DECSI	361,000	96,304,000	7	162
Dire	4,900	828,000	4	162
DMCPSC	1,200	69,000	1	162
Eshet	18,800	2,392,000	3	162
Harbu	22,400	1,757,000	2	162
Meklit	12,200	1,395,000	4	162
Metemamen	10,500	650,000	6	162
OCSSCO	502,700	69,565,000	3	162
OMO	323,600	31,385,000	4	162
PEACE	17,200	2,462,000	3	162
SFPI	33,600	2,750,000	3	162
Sidama	53,400	1,162,000	6	162
Wasasa	49,300	5,798,000	4	162
Wisdom MFI	45,300	5,500,000	6	159

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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