| Number borrowers | 31,305 |
| Loan Amount (range) | PHP 3,000 - 150,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | 2.00%-4.00% upfront 1.50%-3.00% upfront |
| Insurance | 18.55-2,053.44 upfront |
| Tax | 0.50% loan amt |
| Comp Dep | 100.00 upfront 0.37% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 58.1% - 63.0% (Int+Fee) |
| Insurance Component | 0.2% - 3.4% |
| Tax Component Range | 0.6% - 1.2% |
| Full APR (int fee ins tax dep) | 70.7% - 76.3% |
| Transparency Index (min/max) | 31 - 73 |
| Transparency Index (average) | 32 |
| 2,814 |
| USD 50 - 250 |
| 3 - 12 |
| Credit Educ, Other Training |
| 27.6%-33.6% annual, Decl Bal |
| 0.50% upfront |
| None |
| None |
| N/A |
| 27.1% - 36.0% |
| 0 - 1.8% |
| 0 |
| 0 |
| 28.2% - 35.8% |
| 74 - 106 |
| 84 |
| Outstanding portfolio (PHP) | PHP 254,217,055 |
| Portfolio (USD) | USD 6,081,747.73 |
| Active Clients with Loans | 31,305 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | x |
| Other | Age must be 18 to 65 years old |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (USD) | USD 446,098 |
| Portfolio (USD) | USD 446,098 |
| Active Clients with Loans | 2,814 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 24 |
| # Regions for this product | 3 |
| Regions Active | Banteay Meanchey, Phnom Penh, Prey Veng |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | USD |
| Minimum loan size | USD 50 |
| Maximum loan size | USD 250 |
| Loans less than USD 250 | 100% |
| USD 250-1,000 | 0 |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 0 |
| USD 2,000-2,500 | 0 |
| Greater than USD 2,500 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 24.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Charge | Filing Fee | |
| % of loan amount - min | 2.00% | 1.50% | |
| % of loan amount - max | 4.00% | 3.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 18.55 |
| Fixed amount - max | 2,053.44 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 0.37% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Weekly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Lowest quoted nominal interest | 2.30% |
| Highest quoted nominal interest | 2.80% |
| Reason(s) why interest rate varies | Branch, Time as Client, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-06-09 | 2011-05-26 | 2011-05-26 | 2011-06-23 | 2011-05-26 | 2011-04-13 | |||||
| Loan Term (Months) | 6.1 months | 6.1 months | 6.1 months | 11.9 months | 11.9 months | 11.9 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 58.1% | 59.2% | 63.0% | 60.9% | 61.0% | 61.0% | |||||
| Insurance Component | 2.6% | 2.6% | 2.6% | 3.3% | 3.3% | 3.3% | |||||
| Tax Component | 1.1% | 1.1% | 1.1% | 1.2% | 1.2% | 1.2% | |||||
| Deposit Component | 9.7% | 7.8% | 5.7% | 10.8% | 10.6% | 10.3% | |||||
| Full APR (int fee ins tax dep) | 71.5% | 70.7% | 72.4% | 76.3% | 76.2% | 75.9% | |||||
| Transparency Index | 34 | 34 | 33 | 31 | 32 | 32 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 2 | Sample 3 | Sample 4 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 250 | USD 150 | USD 150 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-23 | 2013-02-06 | 2013-03-07 | ||
| Loan Term (Months) | 10.0 months | 13.0 months | 11.0 months | ||
| Grace Period (Months) | -0.2 months | 0.2 months | 0.4 months | ||
| Total Cost of Credit | USD 39.25 | USD 31.75 | USD 20.75 | ||
| True Price by Comp | |||||
| Interest price component | 34.4% | 34.9% | 27.1% | ||
| Fee Component | 1.2% | 0.9% | 1.1% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 35.6% | 35.8% | 28.2% | ||
| Transparency Index | 78 | 77 | 98 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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