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Institution

ASA Philippines Unit 509, Prestige TowerF. Ortigas, Jr. Road, Ortigas CenterPasig City, NCR1605
Data approved: 2011-11-15
Data version: 1
Age of data: 105 months

Product

Microfinance Loan Product 1 of 1 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 1,223,998,400
Portfolio (USD)USD 29,282,258.37
Active Clients with Loans333,452
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan for the enterprising poor living below $2 income level per 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 trainingx
OtherLife insurance
Other (2)Marketing facilities
No other services
Eligibility
Men
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
CurrencyPHP
Minimum loan sizePHP 1,000
Maximum loan size120,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0.3 months
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 interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 60
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 60
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
There are two types of savings: (1) capital build-up (CBU) is withdrawable savings as long as within the 15% of the loan amount maintaining balance and earns 7% interest paid annually; and (2) locked in capital build-up (LCBU) is a non-interest compulsory savings with P1 weekly contribution and is refundable upon closing the account. In case of death, accumulated CBU and LCBU will be refunded to the beneficiary plus cash benefits

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 8,000PHP 14,000PHP 30,000PHP 31,000PHP 100,000
Loan Cycle (1, 2, 3, etc)138141220
Disbursement Date2011-02-092011-03-232011-03-232010-09-012010-12-012011-01-27
Loan Term (Months)5.4 months5.4 months5.4 months5.8 months5.4 months5.4 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 Component59.6%58.3%58.3%59.2%53.2%60.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component27.1%4.2%3.8%2.2%1.5%0.6%
Full APR (int fee ins tax dep)86.8%62.5%62.1%61.4%54.6%60.6%
Transparency Index354848495549
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Microfinance Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Action00088
Adok Timo4,200570,0004120
BIMAS11,1004,679,000788
ECLOF Kenya20,5005,455,000888
Equity Bank135,50094,746,000988
Family Bank43,20090,700,0005120
Jamii Bora2,4003,374,000488
Juhudi Kilimo10,4004,436,000288
KADET12,9005,402,000488
K-Rep00088
K-Rep Bank65,00028,743,0004120
KWFT DTM294,600165,982,000688
LKL13,1009,311,0001080
MKL18,2005,989,000665
Opportunity Kenya9,1004,866,000588
PAWDEP40,9007,133,000288
RAFODE2,900356,000188
SISDO7,3003,657,0001188
Yehu14,0003,149,0001188
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
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