| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | http://www.cantilanbank.com/ |
| Year established | 1980 |
| Head of Institution | William K. Hotchkiss III (Ret.) |
| Regions active | |
| # Branches | 14 |
| Total Portfolio (nat'l) | PhP 84,060,000 |
| Total Portfolio (USD) | USD 2,011,004.79 |
| Active clients with loans | 8,113 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | MCPI, RBAP, MABS, MMC |
| Funders | PCFC, NLDC, Landbank, CARBAF |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOME - Housing Microfinance for Entrepeneurs | PHP 7,000 - 150,000 | 6 - 12 | 60% - 80% | 60% - 80% | Housing | Women, Men, Have business, Specific age group | Credit Ins, Business Training | |||||||
| KITA - Kita Insakto Tipon Asenso | PHP 3,000 - 150,000 | 3 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Educ, Business Training | |||||||
| MAKITA - Magkahupong Kita Alang Sa Tanan | PHP 3,000 - 25,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Have home or land, Specific age group | Group Mtgs, Credit Ins, Business Training | |||||||
| PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso | PHP 3,000 - 150,000 | 3 - 12 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins, Business Training | |||||||
| PEL - Pang Eskwela Loan | PHP 2,000 - 6,000 | 6 | 60% - 80% | 60% - 80% | Education | Women, Men, Have business, Have home or land, Specific age group | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HOME - Housing Microfinance for Entrepeneurs | 36.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 100.00 upfront | 63% - 71.3% | 65.1% - 75% | 51 | ||||||||
| KITA - Kita Insakto Tipon Asenso | 24.0%-36.0% annual, Flat | 1 Fee | 1 Ins | None | 100.00 upfront 5.00% ongoing | 77% - 93.8% | 80.9% - 101.7% | 27 | ||||||||
| MAKITA - Magkahupong Kita Alang Sa Tanan | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 100.00 upfront 0.74% ongoing | 68.6% | 86.9% - 93.6% | 27 | ||||||||
| PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso | 30.0%-36.0% annual, Flat | 1 Fee | 1 Ins | None | 100.00 upfront 5.00 ongoing | 59% - 94.4% | 61% - 104.9% | 41 | ||||||||
| PEL - Pang Eskwela Loan | 24.0% annual, Flat | 1 Fee | 1 Ins | 30.00 fixed | 100.00 upfront 3.00% ongoing | 78.4% - 80.9% | 105.4% - 114.1% | 21 |
| Outstanding portfolio (UGX) | UGX 15,400,000,000 |
| Portfolio (USD) | USD 6,160,000 |
| Active Clients with Loans | 3,049 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| 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) |
| Currency | UGX |
| Minimum loan size | UGX 5,000,000 |
| Maximum loan size | 50,000,000 |
| Loans less than UGX 1,000,000 | 0 |
| UGX 1,000,000-5,000,000 | 0 |
| UGX 5,000,000-7,500,000 | 20% |
| UGX 7,500,000-10,000,000 | 20% |
| UGX 10,000,000-13,000,000 | 20% |
| Greater than UGX 13,000,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 10% |
| Between 4 and 6 months | 20% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 36.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan application credit evaluation (Lace) |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | For Micro Loan Sizes < 2,000,000 |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency |
| Are taxes charged on this product? | No |
| 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 |
|---|---|---|---|---|---|---|---|
