Institution

FCB Foundation 10 Mendoza St.Tagbilaran City, Bohol6300
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

Product

Help (Individual) Product 1 of 2 « Prev | Next »

Product

Agriculture Loan Product 1 of 8 « Prev | Next »

Product Summary

Number borrowers2,000
Loan Amount (range)PHP 20,000 - 150,000
Loan Term (range)3 - 24
Other Services (text summary)Tech Asst Visits, Other Training, Mortuary Fund/Life insurance
Annual Interest & Method24.0% annual, Flat
Fees4.00% upfront
Insurance10.00% upfront
Tax0.50% loan amt
Comp Dep2.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component38.3% - 55.9% (Int+Fee)
Insurance Component0.1% - 14.6%
Tax Component Range1.1% - 7.0%
Full APR (int fee ins tax dep)41.1% - 60.3%
Transparency Index (min/max)22 - 58
Transparency Index (average)46

Product Summary

102
GHS 400 - 15,000
4 - 24
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health Education, Technology Management
48.00% annual, Flat
4.00% upfront
None
None
15.00%-30.00% upfront
 
77.3% - 114.4%
11.4% - 48.3%
0
0
137.1% - 163.9%
23 - 35
32

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 30,000,000
Portfolio (USD)USD 717,703.35
Active Clients with Loans2,000
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit extended to members to finance income-generating activities, using group lending methodology
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 insurance
Workplace visitsx
Business training
Other trainingx
OtherMortuary Fund/Life insurance
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 77,200
Portfolio (USD)USD 39,187.82
Active Clients with Loans102
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for farmers in livestock and vegetable production to puchase farm equipment - tractors, irrigation pumps, seedlings, and other farm inputs. Loan ranges between GHS 400-15000 and repayment period is between 4-24 months.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherUsed for agricultural purposes
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherHealth Education
Other (2)Technology Management
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
OtherMust own a farm or animals, fish, etc.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveVolta Region

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 20,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 400
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00040%
GHS 1,000-5,00030%
GHS 5,000-7,50010%
GHS 7,500-10,00015%
GHS 10,000-13,0005%
Greater than GHS 13,0005%
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months40%
Between 10 and 12 months40%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
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 interest2.00%
Interest rate periodMonthly
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?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionParamount Insurance (for loans >P50,000)
% 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
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 deposited2.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Insurance is in-house. For loan amounts greater than P5, FCB has tie-up with Paramount Insurance. Deposit upon disbursement goes to CBU which is withdrawable only upon exit from the program. 2% of CBU is transferred to time deposit. VAT is shouldered by the Foundation

Pricing Information

Interest
Lowest quoted nominal interest4.00%
Highest quoted nominal interest4.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - 30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Compuslory deposit - if the client is purchasing a tractor then deposit requirement is 30% deposit. If loan is smaller in size, e.g. for purchasing equipment or seedlings then deposit requirement is 15-20%.

Full Pricing Data

Help (Individual) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 30,000PHP 60,000PHP 80,000PHP 120,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-04-142011-09-012011-06-302011-02-25
Loan Term (Months)12.0 months6.0 months12.0 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 Component50.8%55.9%50.8%38.3%
Insurance Component0.2%0.4%0.2%0.1%
Tax Component1.1%2.0%1.1%1.3%
Deposit Component1.8%2.0%1.8%1.4%
Full APR (int fee ins tax dep)53.9%60.3%53.9%41.1%
Transparency Index44404558
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 800GHS 1,500GHS 3,000GHS 5,500GHS 6,000GHS 14,500
Loan Cycle (1, 2, 3, etc)123333
Disbursement Date2013-01-282012-12-282012-12-272013-04-162013-01-242013-04-16
Loan Term (Months)3.0 months6.0 months4.7 months5.4 months5.6 months9.0 months
Grace Period (Months)0.2 months0.2 months0.5 months0.2 months0.5 months0.2 months
Total Cost of CreditGHS 128GHS 408GHS 732GHS 1,562GHS 1,704.10GHS 6,496.30
True Price by Comp           
Interest price component79.8%77.3%85.9%93.9%86.6%89.7%
Fee Component29.3%15.7%19.4%18.2%16.7%11.4%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component35.0%44.1%46.5%51.8%39.3%43.5%
Full APR (int fee ins tax dep)144.1%137.1%151.8%163.9%142.6%144.6%
Transparency Index333532293433
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Help (Individual) Price Graphs


Agriculture Loan Price Graphs


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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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