Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Poverty Eradication and Community Empowerment Yeka SubcityKebele 11/12Addis Ababa, House Number 669PO Box 5743
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution

Caritas Salve Credit Cooperative RM. 24 Caritas Bldg., Caritas Manila Compound2002 Jesus St., PandacanManila1011
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

Non-agricultural loan Product 3 of 3 « Prev | Next »

Product

Regular Loan - 15 weeks Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers2,581
Loan Amount (range)ETB 1,900 - 5,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Savings training
Annual Interest & Method15.0% annual, Flat
Fees2.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component30.7% - 30.8% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)38.2% - 40.4%
Transparency Index (min/max)0 - N/A
Transparency Index (average)38

Product Summary

693
PHP 2,000 - 150,000
3.5
Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
37.6% annual, Flat
2.00% upfront
0.40% upfront
None
50.00 ongoing
 
N/A
92.6% (Int+Fee)
2.8% - 2.9%
0
96.4% - 111.7%
31 - 39
37

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 3,364,638
Portfolio (USD)USD 182,860.76
Active Clients with Loans2,581
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
OtherAssociation group (15-40), Intemediate group (9-14) clients.
Description
This loan is for micro & small enterpises, trade, and services.
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 visits
Business trainingx
Other training
OtherSavings training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 4,079,242
Portfolio (USD)USD 97,589.52
Active Clients with Loans693
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans offered to microentrepreneurs for business purposes
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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
CurrencyETB
Minimum loan sizeETB 1,900
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 2,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.5 months
Longest loan term3.5 months
Approx average3.5 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 interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication 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?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Interest on savings is compounded & paid semi-annual

Pricing Information

Interest
Lowest quoted nominal interest3.13%
Highest quoted nominal interest3.13%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% 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
DescriptionCredit Insurance
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
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 50
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Credit Insurance premium based on P1 per P1 loan x loan term (months). Withdrawals from savings allowed for emergency purposes.

Full Pricing Data

Non-agricultural loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountETB 1,900ETB 2,000ETB 2,500ETB 4,000ETB 5,000
Loan Cycle (1, 2, 3, etc)1334Not Known
Disbursement Date2011-08-042011-08-122011-08-122011-08-122011-08-12
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component30.7%30.7%30.7%30.7%30.8%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component9.7%9.0%7.5%7.5%7.6%
Full APR (int fee ins tax dep)40.4%39.7%38.2%38.2%38.5%
Transparency Index3738393939
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Regular Loan - 15 weeks samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 4,000PHP 8,000PHP 10,000PHP 16,000PHP 40,000PHP 60,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-242011-06-022011-04-142011-03-242011-05-112011-05-04
Loan Term (Months)3.5 months3.5 months3.5 months3.5 months3.5 months3.5 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component92.6%92.6%92.6%92.6%92.6%92.6%
Insurance Component2.8%2.8%2.8%2.8%2.8%2.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component16.2%7.5%6.0%3.6%1.4%0.9%
Full APR (int fee ins tax dep)111.7%103.0%101.4%99.1%96.9%96.4%
Transparency Index343637383939
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Non-agricultural loan Price Graphs


Regular Loan - 15 weeks Price Graphs


Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
Loading...
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

Total Borrowers of Samples

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