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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 4,400,000 |
| Portfolio (USD) | USD 105,263.16 |
| Active Clients with Loans | 131 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other | |
Description
Credit extended to members for use in palay production
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 | |
| Other training | |
| Other | Formation Program |
| Other (2) | Provision of Social Services (medical mission, etc.) |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Involved in palay production |
| 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 10,000 |
| Maximum loan size | 150,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
Grace Period
| Grace period usage | 100% |
| Average grace period | 6.0 months |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 32.00% |
| Highest quoted nominal interest | 32.00% |
| 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 | 4.00% |
| % of loan amount - max | 4.00% |
| 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 | | Ins 2 |
|---|
| Description | Crop Insurance | | Credit-Life Insurance |
| % of loan amount - min | 6.52% | | 0 |
| % of loan amount - max | 6.52% | | 0 |
| OR, Fixed amount - min | 0 | | 370 |
| Fixed amount - max | 0 | | 370 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | 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 | 0 |
Deposits DURING period payments
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
CBU deposited at the end of the loan term and can be withdrawn if no longer availing of a loan from the institution. Interest on savings computed upon resignation.Insurance: member has option to ensure family members.
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | PHP 20,000 | | PHP 30,000 | | PHP 70,000 | | PHP 100,000 | | PHP 115,000 |
| Loan Cycle (1, 2, 3, etc) | 4 | | 1 | | 4 | | 2 | | 1 |
| Disbursement Date | 2011-06-07 | | 2011-07-22 | | 2011-04-05 | | 2011-04-26 | | 2010-09-20 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 5.0 months | | 5.0 months | | 5.0 months |
| Grace Period (Months) | 6.0 months | | 0.0 months | | 5.0 months | | 5.0 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 | 41.6% | | 41.3% | | 43.1% | | 43.1% | | 43.1% |
| Insurance Component | 29.7% | | 26.4% | | 9.3% | | 9.1% | | 28.3% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 71.3% | | 67.8% | | 52.5% | | 52.2% | | 71.4% |
| Transparency Index | 45 | | 47 | | 61 | | 61 | | 45 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs
