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Institution

1st Valley Bank, Inc. A Rural Bank Vamenta Blvd. corner Lirio St.CarmenCagayan de Oro City, Misamis Oriental8000
Data approved: 2011-11-23
Data version: 1
Age of data: 151 months

Institution

Data approved: 2012-12-04
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.1stvalleybank.com/
Year established1956
Head of InstitutionAtty. Nicolas J. Lim
Regions active
# Branches23

Total Portfolio (nat'l)PhP 3,284,057,363
Total Portfolio (USD)USD 78,565,965.62
Active clients with loans70,630
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsBangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Microenterprise Access to Banking Services (MABS), Microfinance Council of the Philippines, Inc. (MCPI)
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addressN/A
Year established2003
Head of InstitutionSiku Nkhoma
Regions activeDedza, Dowa, Kasungu, Lilongwe, Ntcheu, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, Machinga, Mulanje
# Branches1

Total Portfolio (nat'l)MWK 250,550,466.50
Total Portfolio (USD)USD 642,437.09
Active clients with loans2,351
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsSlum Dwellers International, MAMN, Malawi Homeless People's Federation
FundersSlum Dwellers International, Homeless International, African Development Bank, WASTE

Loan Products » Summary

12,175 Borrowers
USD 8,437,978.06 Portfolio
Active Product
22,118 Borrowers
USD 38,714,006.10 Portfolio
Active Product
4,702 Borrowers
USD 1,139,084.90 Portfolio
Active Product

Loan Products » Summary

139 Borrowers
USD 2,375.73 Portfolio
Active Product
334 Borrowers
USD 4,065.71 Portfolio
Active Product
870 Borrowers
USD 132,828.60 Portfolio
Active Product
255 Borrowers
USD 14,796.76 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Barangay and LGU Livelihood Loan PHP 10,000 - 250,000 12 - 24 20% - 40% 40% - 60% Business, Agriculture Women, Men, Salaried worker, Specific age group, 18-70 years old, Barangay & LGU Officials Credit Ins
DepEd APDS Loan PHP 20,000 - 250,000 12 - 24 60% - 80% 40% - 60% Any Purpose Women, Men, Salaried worker Credit Ins
Microfinance Loan PHP 3,000 - 150,000 0.9 - 12 80% - 100% 20% - 40% Business, Agriculture, Housing Women, Men, Specific age group, 18-65 years old Credit Ins, Tech Asst Visits

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan MWK 10,000 - 10,000 6 80% - 100% 80% - 100% Business, Can only be used for working capital Women, Men, Must be a member of the Malawi Homeless People's Federation. Business Training
Home Improvement Loan MWK 20,000 - 20,000 24 80% - 100% 80% - 100% Housing Women, Men, Must be a member of the Malawi Homeless People's Federation
Sanitation Loan MWK 40,000 - 100,000 24 80% - 100% 80% - 100% Sanitation Women, Men, Residents from the peri urban areas
Water Loan MWK 18,000 - 120,000 24 60% - 80% 80% - 100% water supply Women, Men, Residents from the peri urban areas

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Barangay and LGU Livelihood Loan 18.0%-20.0% annual, Flat 2 Fees 1 Ins None 500.00 upfront 39.1% - 39.7% 39.4% - 45.1% 42
DepEd APDS Loan 9.0% annual, Flat 2 Fees 1 Ins None 1,000.00 upfront 10.00 ongoing 21.3% - 21.5% 23.5% - 24.8% 37
Microfinance Loan 30.0% annual, Flat 2 Fees 1 Ins None 5.0% upfront 10.00 ongoing 68.6% - 96.4% 80.2% - 120.9% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Barangay and LGU Livelihood Loan 18.0%-20.0% annual, Flat 2 Fees 1 Ins Ins None 500.00 upfront 39.1% - 39.7% 39.4% - 45.1% 42
DepEd APDS Loan 9.0% annual, Flat 2 Fees 1 Ins Ins None 1,000.00 upfront 10.00 ongoing 21.3% - 21.5% 23.5% - 24.8% 37
Microfinance Loan 30.0% annual, Flat 2 Fees 1 Ins Ins None 5.0% upfront 10.00 ongoing 68.6% - 96.4% 80.2% - 120.9% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 24.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 16.8% 16.8% 100
Home Improvement Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Sanitation Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% 10.9% 100
Water Loan 12.00% annual, Decl Bal 0 Fees 0 Ins Ins None 10.00% upfront 10.9% - 11% 10.9% - 11% 100
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