Institution

Rural Bank of Liloy (ZN), Inc. BaybayLiloy, Zamboanga del Norte/ Region IX7115
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution

Paglaum Multi Purpose Cooperative 2F PMPC Bldg., Eastern LoocPlaridel, Misamis Occidental7209
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

SIPAG (Sinugdanan sa Paglambo) Loan Product 2 of 2 « Prev | Next »

Product

Project Loan (Micro-Regular Loan) Product 7 of 8 « Prev | Next »

Product Summary

Number borrowers1,253
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins, Tech Asst Visits, Business Training, Seminar on Livelihoods
Annual Interest & Method30.0% annual, Flat
Fees4.00% upfront
Insurance0.40%-1.30% upfront 10.00 ongoing
TaxNone
Comp Dep5.0% upfront 0.02% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component78.1% - 78.2% (Int+Fee)
Insurance Component2.8% - 30.8%
Tax Component Range0.8% - 4.9%
Full APR (int fee ins tax dep)97.0% - 113.0%
Transparency Index (min/max)18 - 32
Transparency Index (average)29

Product Summary

12,767
PHP 500 - 150,000
3 - 18
Credit Educ, Credit Ins
30.0% annual, Flat
4.00% upfront 100.00 upfront
1.50% upfront 20.00 ongoing
None
6.5% upfront 26.00 ongoing
 
N/A
55.1% - 79.9% (Int+Fee)
2.2% - 83.9%
0
66.2% - 175.4%
15 - 136
32

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 26,449,638.61
Portfolio (USD)USD 632,766.47
Active Clients with Loans1,253
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Aims to make available affordable credit to those microentrepreneurs who generate daily or weekly sales and who currently depend on loans from informal money lenders for capital and help them expand their businesses and increase their incomes
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 insurancex
Workplace visitsx
Business trainingx
Other training
OtherSeminar on Livelihoods
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 groupx
OtherHas 2 valid IDs, Barangay Clearance, DTI
Other (2)2 years resident in area
# 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 (PHP)PHP 66,101,330.58
Portfolio (USD)USD 1,581,371.55
Active Clients with Loans12,767
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
To provide additional capital to all regulare members with an existing business for at least six (6) months to finance their; 1. Livelihood projects and 2. Business Activities
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 training
Other training
Other
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
OtherMust be Coop member
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 5,000
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
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 500
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
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 interest2.50%
Highest quoted nominal interest2.50%
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
DescriptionCredit Insurance
% of loan amount - min0.40%
% of loan amount - max1.30%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionMutual Fund
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max10
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0.02%
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
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
Taxes: Gross Receipts Tax = PhP 5 - PhP 2

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeNotarial Fee
% of loan amount - min4.00%0
% of loan amount - max4.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionMBA, Life and Retirement Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min20
Fixed amount - max20
Reason for variationN/A
Appears on Repayment Sched?No
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 deposited6.50%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 26
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

SIPAG (Sinugdanan sa Paglambo) Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 15,000PHP 28,000PHP 60,000PHP 90,000PHP 125,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-07-042011-07-042011-07-042011-07-042011-07-042011-07-04
Loan Term (Months)5.6 months5.6 months5.6 months5.6 months5.6 months5.6 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 Component78.2%78.1%78.1%78.1%78.1%78.1%
Insurance Component15.0%9.5%6.6%4.9%4.3%4.0%
Tax Component3.0%1.6%1.7%1.2%1.1%0.8%
Deposit Component16.8%15.3%14.8%14.3%14.2%14.1%
Full APR (int fee ins tax dep)113.0%104.6%101.3%98.5%97.7%97.0%
Transparency Index272930303131
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Project Loan (Micro-Regular Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 7,000PHP 14,500PHP 30,000PHP 70,000PHP 80,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-102011-05-112011-05-182011-04-282010-10-302011-05-20
Loan Term (Months)5.8 months5.8 months5.8 months11.7 months17.5 months23.3 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 Component79.9%71.3%69.8%62.3%62.0%55.1%
Insurance Component58.4%28.1%17.2%9.1%5.1%3.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component37.2%17.7%13.0%10.6%9.1%7.4%
Full APR (int fee ins tax dep)175.4%117.2%99.9%82.0%76.1%66.2%
Transparency Index172630373945
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
SIPAG (Sinugdanan sa Paglambo) Loan Price Graphs


Project Loan (Micro-Regular Loan) Price Graphs


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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