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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 159 months
Key Statistics
Outstanding portfolio (PHP) | PHP 4,800,000 |
Portfolio (USD) | USD 114,832.54 |
Active Clients with Loans | 200 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other | |
Description
This loan can be used by the client to acquire productive assets. A client should be at least 2 years, maintain a savings balance not less than 10% of the loan amount.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Productive assets |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Eligibility
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | PHP |
Minimum loan size | PHP 30,000 |
Maximum loan size | 150,000 |
Loan Term and Grace Period
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
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 interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 | | Fee 2 |
---|
Description | Service Charge | | Development Cost |
% of loan amount - min | 3.00% | | 5.00% |
% of loan amount - max | 3.00% | | 5.00% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | amortized over the loan term | | amortized over the loan term |
Appears on Repayment Sched? | No | | No |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
The required maintaining balance for savings is 1% of the loan amount. Excess amount of maintaining balance can be withdrawn by the client.
Full Pricing Data
Special Loan - Asset Acquisition Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
---|
Loan Amount | PHP 21,500 | | PHP 46,000 | | PHP 100,000 | | PHP 150,000 |
Loan Cycle (1, 2, 3, etc) | 1 | | Not Known | | 1 | | Not Known |
Disbursement Date | 2010-11-15 | | 2011-02-15 | | 2011-04-11 | | 2011-05-11 |
Loan Term (Months) | 12.0 months | | 36.0 months | | 36.0 months | | 36.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | |
Interest and Fee Component | 63.4% | | 52.1% | | 52.6% | | 53.4% |
Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 11.3% | | 7.5% | | 7.7% | | 7.9% |
Full APR (int fee ins tax dep) | 74.7% | | 59.6% | | 60.3% | | 61.3% |
Transparency Index | 40 | | 50 | | 50 | | 49 |
| | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Special Loan - Asset Acquisition Loan Price Graphs