Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://www.firstmacrobank.com/ |
Year established | 1960 |
Head of Institution | Reggie Ocampo |
Regions active | |
# Branches | 8 |
Total Portfolio (nat'l) | PhP 28,000,000 |
Total Portfolio (USD) | USD 669,856.46 |
Active clients with loans | 3,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | Rural Bankers Association of the Philippines, People's Credit and Finance Corporation |
Funders |
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 |
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 |
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