Institution

Ecumenical Church Foundation, Inc. Rm. 200 BLVDM Ecumenical Center879 EDSA, West TriangleQuezon City, Metro Manila1104
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra
Data approved: 2013-03-26
Data version: 2
Age of data: 132 months
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Product

Agricultural Asset Acquisition and Carabao Loan Product 1 of 4 « Prev | Next »

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Product Summary

Number borrowers110
Loan Amount (range)PHP 10,000 - 100,000
Loan Term (range)24
Other Services (text summary)Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Sustainable Agriculture practices (organic farming)
Annual Interest & Method24.0%-30.0% annual, Flat
Fees3.00% upfront
Insurance3.00% upfront
TaxNone
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component46.9% - 47.1% (Int+Fee)
Insurance Component1.8% - 3.8%
Tax Component Range0
Full APR (int fee ins tax dep)52.5% - 53.2%
Transparency Index (min/max)24 - 80
Transparency Index (average)45

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 2,952,852
Portfolio (USD)USD 70,642.39
Active Clients with Loans110
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Includes leasing/purchase of farm equipment and machinery or carabao.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherLeasing or purchase of agricultural equipment
Other (2)Purchase of carabao
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other trainingx
OtherSustainable Agriculture practices (organic farming)
Other (2)
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
OtherFarmer-client who are at least on their 3rd cycle up
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (GHS)GHS 7,000
Portfolio (USD)USD 3,553.30
Active Clients with Loans7
Approximate % Female Clients
Approximate % Urban Clients
Description
Designed for commercial car operators (ex. Taxi). Loans are given fo purchasing a vehicle, repairs, etc. Loan ranges from GHS 500-15000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Grace Period
Grace period usage100%
Average grace period6.0 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
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.50%
Reason(s) why interest rate variesTime as Client
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionEnhanced Credit Security
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/N
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?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Withdrawals from CBU allowed for emergency purposes

Full Pricing Data

Agricultural Asset Acquisition and Carabao Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 12,800PHP 28,000PHP 32,480PHP 45,000
Loan Cycle (1, 2, 3, etc)1333
Disbursement Date2011-07-042011-02-222011-05-192011-03-03
Loan Term (Months)24.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component46.9%47.1%46.9%46.9%
Insurance Component3.5%3.5%3.5%3.5%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component2.1%2.2%2.8%2.1%
Full APR (int fee ins tax dep)52.5%52.8%53.2%52.5%
Transparency Index46454546
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agricultural Asset Acquisition and Carabao Loan Price Graphs


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Key Statistics
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# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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