| Number borrowers | 30,060 |
| Loan Amount (range) | PHP 4,000 - 50,000 |
| Loan Term (range) | 3.5 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Development, Personal Counselling and Life Skills Training, Health Care |
| Annual Interest & Method | 37.6% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 20.0% upfront 50.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 92.2% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 139.9% |
| Transparency Index (min/max) | 8 - 32 |
| Transparency Index (average) | 27 |
| 6,267 |
| PHP 2,000 - 60,000 |
| 6 |
| Group Mtgs, Credit Ins, Business Training |
| 30.0% annual, Flat |
| 2.50% upfront |
| 280.00-1,120.00 upfront 7.00% upfront |
| 0.50% loan amt |
| 160.00 upfront 12.50% ongoing |
| N/A |
| 59.1% - 60.5% (Int+Fee) |
| 0 - 1.9% |
| 1.0% - 1.1% |
| 67.9% - 72.3% |
| 31 - 44 |
| 42 |
| Outstanding portfolio (PHP) | PHP 164,394,434 |
| Portfolio (USD) | USD 3,932,881.20 |
| Active Clients with Loans | 30,060 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Values Development, Personal Counselling and Life Skills Training |
| Other (2) | Health Care |
| No other services |
| 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 | |
| Other | Must be community resident for at least 5 years |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (PHP) | PHP 48,144,967 |
| Portfolio (USD) | USD 1,151,793.47 |
| Active Clients with Loans | 6,267 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 4,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.5 months |
| Longest loan term | 3.5 months |
| Approx average | 3.5 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 2,000 |
| Maximum loan size | 60,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| 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 |
| 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Bank Charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Group Life Insurance | Credit Life Insurance | |
| % of loan amount - min | 0 | 7.00% | |
| % of loan amount - max | 0 | 7.00% | |
| OR, Fixed amount - min | 280 | 0 | |
| Fixed amount - max | 1,120 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 160 |
| % loan amount deposited | 12.50% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 0.05% |
| Maximum interest rate paid | 0.05% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 8,000 | PHP 14,000 | PHP 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | 5 | 6 | 10 | ||
| Disbursement Date | 2011-07-26 | 2011-07-26 | 2011-07-25 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 92.2% | 92.2% | 92.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 47.7% | 47.7% | 47.7% | ||
| Full APR (int fee ins tax dep) | 139.9% | 139.9% | 139.9% | ||
| Transparency Index | 27 | 27 | 27 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | ||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 8 | 12 | ||||
| Disbursement Date | 2011-06-09 | 2011-06-09 | 2011-06-09 | 2011-07-26 | 2011-07-26 | ||||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 months | 5.8 months | ||||
| Grace Period (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 | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 59.1% | 59.1% | 59.1% | 60.5% | 59.1% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 1.9% | 1.9% | ||||
| Tax Component | 1.0% | 1.0% | 1.0% | 1.1% | 1.1% | ||||
| Deposit Component | 12.2% | 8.8% | 7.9% | 7.8% | 7.3% | ||||
| Full APR (int fee ins tax dep) | 72.3% | 68.9% | 67.9% | 71.2% | 69.3% | ||||
| Transparency Index | 41 | 44 | 44 | 42 | 43 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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|---|---|---|---|---|---|---|
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