Cantilan Bank, Inc. (A Rural Bank) - PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso - MFTransparency.org Truth In Lending Tables

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Institution

Cantilan Bank, Inc. (A Rural Bank) Orozco St., Brgy. MagosilomCantilan, Surigao del Sur8317

Data approved: 2011-11-15

Data version: 1

Age of data: 151 months

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Product

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso Product 4 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 13,840,000
Portfolio (USD)	USD 331,100.48
Active Clients with Loans	1,493
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

A loan product for farmers to help them expand their present farming activities and increase their income.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
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	x
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 3,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
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	x

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	36.00%
Reason(s) why interest rate varies	Time as Client, Client Risk
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
Description	Service Charge
% of loan amount - min	0
% of loan amount - max	1.00%
OR, Fixed amount - min	200
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	9.75
Fixed amount - max	495
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?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	PHP 100

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 5
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Documentary Stamps = PhP1 per PhP2 loan

Full Pricing Data

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	PHP 3,000	PHP 8,000	PHP 15,000	PHP 30,000	PHP 50,000	PHP 90,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-03-08	2011-04-28	2011-05-17	2011-07-19	2011-07-21	2011-05-15
Loan Term (Months)	6.0 months	6.0 months	6.0 months	12.0 months	6.0 months	6.0 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	94.4%	80.6%	61.1%	59.0%	71.4%	59.2%
Insurance Component	1.1%	2.5%	1.7%	0.6%	1.4%	1.9%
Tax Component	1.8%	1.1%	1.0%	1.0%	1.1%	0.9%
Deposit Component	7.5%	2.4%	0.9%	0.4%	0.3%	0.1%
Full APR (int fee ins tax dep)	104.9%	86.7%	64.8%	61.0%	74.3%	62.2%
Transparency Index	29	35	46	49	40	48

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

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	132
AMPL	0	0	0	132
Arman	41,500	529,107,000	1	132
Arohan	43,500	8,091,000	2	132
ASA INDIA	164,000	15,380,000	1	132
Asirvad	113,500	19,328,000	1	132
Asmitha	1,114,800	217,867,000	1	132
Bandhan	4,048,600	674,564,000	5	132
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	132
Chaitanya	20,700	3,748,000	3	132
Disha Microfin	69,000	14,332,000	2	132
Equitas	1,220,000	186,415,000	4	132
ESAF	354,200	43,500,000	5	132
FFSL	150,600	35,719,000	2	132
Fusion	66,800	9,820,000	2	132
Grama Vidiyal	738,200	102,101,000	1	132
Grameen Koota	586,600	83,555,000	15	134
Janalakshmi	506,000	119,077,000	2	132
L & T Finance	399,800	37,199,000	1	132
MFL	331,800	49,083,000	1	132
MMFL	175,000	23,752,000	2	132
Mpower	13,600	2,263,000	2	132
Sahayata	0	0	0	132
Saija	24,700	4,682,000	2	132
Samasta	45,500	4,809,000	2	132
Satin	405,600	90,174,000	2	132
SCCI	115,600	15,910,000	2	132
Share	2,195,400	376,727,000	1	132
SKS	3,409,000	355,029,000	2	132
SMILE	360,200	56,927,000	1	132
SNFL	9,400	1,779,000	1	132
Sonata Finance	158,200	22,724,000	3	134
Spandana	533,400	147,240,000	2	132
Suryoday	78,600	14,713,000	3	132
SVCL	118,200	18,886,000	1	132
Swadhaar	92,800	17,166,000	3	132
Trident	68,700	8,852,000	1	132
Ujjivan	913,300	160,848,000	5	132
Utkarsh	168,600	25,915,000	3	132
VFS	175,400	19,264,000	2	132
Asomi	50,300	4,743,000	2	164
AES India	3,600	286,000	1	164
Arth	2,900	611,000	2	164
Asomi	50,300	4,743,000	2	164
Barasat GS	1,100	99,508.02	1	164
BJS	6,000	468,000	1	164
Cashpor	417,000	50,452,000	1	163
Credible	10,000	1,669,540.36	2	164
DIBAKAR	1,800	145,000	1	163
GOF	65,200	5,388,000	4	163
Hope	62,600	4,407,000	1	161
Jaago	2,700	237,000	1	162
LOK	4,900	573,000	1	163
Nano	25,600	3,660,000	2	164
NBSAAVS	28,100	2,821,000	1	161
Nirantara	8,200	917,000	2	163
Parama	7,100	482,000	1	163
Pragathi	26,200	4,579,000	6	163
PWMACS	36,500	5,946,000	1	163
Saadhana	90,900	12,046,000	2	163
Sambhav	1,500	183,000	3	163
Seba Rahara	6,700	468,000	1	163
SU	61,100	5,498,000	1	163
Swayanshree	7,900	918,000	2	163
Vikas Samiti	1,600	168,000	1	163
Vistaar	4,300	1,157,000	2	161
We The People	1,100	244,000	2	163
WEMCS	1,100	85,000	1	163
Yukti	1,100	99,000	2	163

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


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By Country

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