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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: 102 months

Product

Micro Individual Loans Product 3 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 18,125,692
Portfolio (USD)USD 433,629
Active Clients with Loans1,043
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microenterprise loans for clients graduate of former MicroSolidarity Loans and for skilled microentrepreneurs that lack the capitalization.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherBurial Assistance
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
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 15,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.50%
Reason(s) why interest rate variesTime as Client, 3% interest is given to >3rd cycle, i.e. most clients
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee/Service Fee
% of loan amount - min3.00%
% of loan amount - max4.00%
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
DescriptionCredit Insurance
% of loan amount - min0.75%
% of loan amount - max0.75%
OR, Fixed amount - min0
Fixed amount - max0
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?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 deposited1.00%
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
Access to CBU allowed for emergency purposes.CBU collected periodically is equivalent to 1% per month. Borrowers able to pay the loan according to the agreed schedule of payments are entitled to a rebate equivalent to .4% a month.

Full Pricing Data

Micro Individual Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 15,000PHP 30,000PHP 40,000PHP 85,000PHP 100,000PHP 120,000
Loan Cycle (1, 2, 3, etc)554916Not Known
Disbursement Date2011-05-242011-06-222011-06-282011-08-222011-08-242011-04-19
Loan Term (Months)3.0 months6.0 months6.0 months12.0 months4.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component116.5%89.7%91.2%72.9%97.7%79.0%
Insurance Component3.4%3.6%3.3%3.6%3.4%3.5%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component2.8%4.4%4.1%6.5%3.2%6.4%
Full APR (int fee ins tax dep)122.7%97.7%98.6%82.9%104.3%89.0%
Transparency Index293736433540
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Micro Individual Loans Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
AMF220,100173,814,000978
FONDEP128,949106,544,937672
AMSSF13,7009,079,000578
INMAA10,4944,436,410478
ARDI10,1184,805,317278
AMOS2,700716,000278
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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