Institution # Borrowers Portfolio (US$) Products Age of Data
Actuar Caldas3,7005,247,0001159
Actuar Quindio2,3002,800,0002159
Actuar Tolima8,8005,099,0003159
Amanecer4,3008,253,0004159
Banco Agrario56,30039,938,0003159
Banco WWB219,400294,019,0005154
Bancolombia36,20051,563,0001159
BdO10,4007,945,0002159
Comerciacoop1,6003,255,0004159
Confiar43,80081,993,0007159
Congente5,40020,045,0002159
Contactar25,10020,184,0002159
Crezcamos27,50022,564,0004159
Finamerica39,80099,536,0007159
FMM Popayán310,000243,614,0003159
FMSD6,8009,236,0006159
Fomentamos900102,0001159
Fund DeLaMujer199,900165,568,0001159
Fund Oleoductos500435,0001154
FUNDAUNIBAN6001,307,0002159
FUNDESAN2,4002,521,0005159
FUNDESMAG1,0001,698,0002159
Interactuar30,20093,846,0004159
MEDA15,60027,322,0002159
ProCredit CO5,70018,569,0003159
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rangtay sa Pagrang-ay, Inc. 4th Floor Manongdo Bldg.17 Private Road, Magsaysay Ave.Baguio City2600
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

General Business Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 110,184,264.70
Portfolio (USD)USD 2,635,987.19
Active Clients with Loans39,182
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group loan for microentrepreneurs for additional business capital.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherValues Formation
Other (2)
No other services
Eligibility
Menx
Womenx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 1,000
Maximum loan size30,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest40.00%
Highest quoted nominal interest40.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Service Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Redemption Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max10
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 40
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid4.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
On first loan cycle, 5% of loan amount deposit is required\rCredit Insurance offers cash benefit to dependents upon death of member or family members. Life insurance is paid in advance by RSPI. Interest on CBU is paid quarterly

Full Pricing Data

General Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 3,000PHP 7,000PHP 15,000PHP 20,000
Loan Cycle (1, 2, 3, etc)169Not Known
Disbursement Date2011-04-292011-04-292011-04-202011-03-16
Loan Term (Months)5.6 months5.6 months5.6 months5.6 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component92.6%92.6%88.0%90.2%
Insurance Component39.0%21.1%13.1%11.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component58.0%12.6%4.7%3.6%
Full APR (int fee ins tax dep)189.6%126.2%105.8%105.8%
Transparency Index21323838
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
General Business Loan Price Graphs


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# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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