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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 157 months
Key Statistics
Outstanding portfolio (PHP) | PHP 4,079,242 |
Portfolio (USD) | USD 97,589.52 |
Active Clients with Loans | 693 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Loans offered to microentrepreneurs for business purposes
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 | x |
Credit insurance | x |
Workplace visits | x |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
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 2,000 |
Maximum loan size | 150,000 |
Loan Term and Grace Period
Shortest loan term | 3.5 months |
Longest loan term | 3.5 months |
Approx average | 3.5 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
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 interest | 3.13% |
Highest quoted nominal interest | 3.13% |
Interest rate period | Monthly |
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 | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Credit Insurance |
% of loan amount - min | 0.40% |
% of loan amount - max | 0.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
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
Regular Loan - 15 weeks samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | PHP 4,000 | | PHP 8,000 | | PHP 10,000 | | PHP 16,000 | | PHP 40,000 | | PHP 60,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-03-24 | | 2011-06-02 | | 2011-04-14 | | 2011-03-24 | | 2011-05-11 | | 2011-05-04 |
Loan Term (Months) | 3.5 months | | 3.5 months | | 3.5 months | | 3.5 months | | 3.5 months | | 3.5 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 | 92.6% | | 92.6% | | 92.6% | | 92.6% | | 92.6% | | 92.6% |
Insurance Component | 2.8% | | 2.8% | | 2.8% | | 2.8% | | 2.8% | | 2.8% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 16.2% | | 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 Index | 34 | | 36 | | 37 | | 38 | | 39 | | 39 |
| | | | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Regular Loan - 15 weeks Price Graphs