Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Daan sa Pag-Unlad, Inc. 17 Gallardo St.CataningBalanga City, Bataan2100
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

Individual Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 3,018,000
Portfolio (USD)USD 72,200.96
Active Clients with Loans288
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit extended to members for income-generating activities
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherFormation Program
Other (2)Provision of Social Services (medical mission, etc.)
No other services
Eligibility
Menx
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 10,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
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 interest32.00%
Highest quoted nominal interest32.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionLoan Liquidity Fund
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionCredit-Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min370
Fixed amount - max370
Reason for variationN/A
Appears on Repayment Sched?No
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 deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
CBU withdrawals allowed as long as within the 3% maintaining balance. Weekly CBU deposited is based on loan amount (P5-3) Interest on savings computed upon resignation. Insurance: member has option to insure family members. Pondong Damayan: P1 to be replenished if a client dies

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 10,000PHP 30,000PHP 50,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)111493
Disbursement Date2011-07-252011-09-142011-05-162011-07-052011-08-22
Loan Term (Months)5.8 months5.8 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component87.1%87.1%87.1%88.1%81.4%
Insurance Component14.6%4.8%2.9%1.6%1.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component35.4%19.0%15.2%13.8%11.4%
Full APR (int fee ins tax dep)137.1%110.8%105.2%103.5%93.9%
Transparency Index2329303134
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Individual Loan Price Graphs


Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.firstmacrobank.com/
Year established1960
Head of InstitutionReggie Ocampo
Regions active
# Branches8

Total Portfolio (nat'l)PhP 28,000,000
Total Portfolio (USD)USD 669,856.46
Active clients with loans3,000
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsRural Bankers Association of the Philippines, People's Credit and Finance Corporation
Funders

Loan Products » Summary

1,250 Borrowers
USD 112,440.19 Portfolio
Active Product
1,500 Borrowers
USD 598,086.12 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Sikap PHP 5,000 - 15,000 5.8 80% - 100% 40% - 60% Business Women, Must have net income of > P2000 per month Credit Educ, Group Mtgs, Tech Asst Visits, Life insurance
Unlad PHP 5,000 - 150,000 1 - 6 80% - 100% 60% - 80% Business Women, Men, Have business Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Sikap 30.0% annual, Flat 1 Fee 1 Ins 5.00% loan amt 5.0% upfront 20.00 ongoing 68.4% - 70.6% 113.4% - 134.3% 24
Unlad 24.0%-36.0% annual, Flat 2 Fees 1 Ins 0.50% loan amt 10.00% ongoing 77.5% - 85.5% 92.7% - 102.3% 25
Institution Price Graph
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Key Statistics
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# 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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