Rural Bank of Labason, Inc. - KUGI - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rural Bank of Labason, Inc. Rizal Ave. St. AntoninoNational Highway, PoblacionLabason, Zamboanga del Norte/Region IX7117

Data approved: 2011-11-15

Data version: 1

Age of data: 162 months

Download Data

Analyze Data

Product

KUGI Product 1 of 1 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 12,118,482
Portfolio (USD)	USD 289,915.84
Active Clients with Loans	524
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

PAHULAM SA GAGMAYNG NEGOSYANTE (Micro Business Loan) - KUGI LOAN is offered to micro-entrepreneurs engaged in various microentrepreneurial activities

Loan Purpose

Any purpose
Income generation	x
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	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 5,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	10.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily	x
Weekly	x
Every 2 weeks	x
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	30.00%
Highest quoted nominal interest	30.00%
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 + Processing Fee	Notarial Fee
% of loan amount - min	2.50%	0
% of loan amount - max	2.50%	0
OR, Fixed amount - min	0	200
Fixed amount - max	0	200
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	Credit Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	170
Fixed amount - max	39,750
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?
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

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

Deposits DURING period payments

% loan amount deposited	20.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	1.00%
Maximum interest rate paid	1.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

(1) Credit Insurance = [(Principal x 3% x term in days/36 days) + Principal] x 1.5% ; \r(2) Savings = 2% of Principal/Term in days

Full Pricing Data

KUGI samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	PHP 7,000	PHP 15,000	PHP 30,000	PHP 50,000	PHP 100,000	PHP 120,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-05-06	2011-06-03	2011-07-01	2011-06-24	2011-05-31	2011-05-17
Loan Term (Months)	6.1 months	6.1 months	3.0 months	6.1 months	10.0 months	10.0 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	78.8%	72.2%	82.0%	68.2%	58.8%	58.8%
Insurance Component	7.7%	7.6%	13.5%	7.5%	4.9%	4.9%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	2.0%	2.4%	2.3%	1.8%	0.3%	0.3%
Full APR (int fee ins tax dep)	88.6%	82.1%	97.7%	77.4%	64.0%	64.0%
Transparency Index	34	37	31	39	47	47

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

KUGI Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AgroCapital	21,900	16,894,000	11	175
ANED	5,400	6,579,000	3	134
Banco FIE	231,100	569,322,000	6	134
BancoSol	215,300	861,418,000	30	134
CIDRE	8,500	126,578,000	8	134
Coop Fatima	6,300	44,280,000	7	175
CRECER	166,900	134,626,000	13	134
Diaconia	67,000	85,734,000	2	134
Ecofuturo	59,200	226,839,000	5	134
EMPRENDER	8,700	2,380,000	3	175
Fassil FFP	57,600	325,081,000	5	134
FONCRESOL	3,900	9,573,000	3	134
FONDECO	14,200	24,274,000	3	134
Fortaleza	20,100	164,530,000	13	134
FUBODE	29,400	24,444,000	7	134
FUNBODEM	8,600	15,798,000	9	134
IDEPRO	10,400	40,479,000	2	134
IMPRO	2,400	2,885,000	4	134
ProCredit	84,300	257,487,000	8	175
PRODEM	44,900	62,529,000	4	134
ProMujer BOL	115,200	50,753,000	3	134
Sartawi	14,600	26,842,000	8	134

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞