| Number borrowers | 21,517 |
| Loan Amount (range) | PHP 1,000 - 150,000 |
| Loan Term (range) | 2 - 10 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Advocacy & scholarship program; Social Services, Spiritual & Formation Activities, Enterprise Development & Services, Calamity Relief Assistance |
| Annual Interest & Method | 24.0% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | 2.00%-3.00% upfront 20.00 ongoing |
| Tax | None |
| Comp Dep | 5.0% upfront 10.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 57.4% - 67.6% (Int+Fee) |
| Insurance Component | 6.4% - 75.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 75.4% - 163.5% |
| Transparency Index (min/max) | 15 - 34 |
| Transparency Index (average) | 25 |
| 10,138 |
| KHR 700,000 - 4,000,000 |
| 2 - 12 |
| Tech Asst Visits, Business Training, Other Training, Social training (HIV, human rights), Skills training (cooking, cake making) |
| 39.0% annual, Decl Bal |
| None |
| None |
| 10.00% ongoing |
| 36.0% - 42.2% |
| 0 - 5.9% |
| 0 |
| 0 |
| 46.3% - 48.1% |
| 66 - 88 |
| 83 |
| Outstanding portfolio (PHP) | PHP 140,366,390 |
| Portfolio (USD) | USD 3,358,047.61 |
| Active Clients with Loans | 21,517 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other | Modified Grameen |
| 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 | |
| Business training | x |
| Other training | x |
| Other | Advocacy & scholarship program; Social Services |
| Other (2) | Spiritual & Formation Activities, Enterprise Development & Services, Calamity Relief Assistance |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (KHR) | KHR 10,256,338,268 |
| Portfolio (USD) | USD 2,596,541.33 |
| Active Clients with Loans | 10,138 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Social training (HIV, human rights) |
| Other (2) | Skills training (cooking, cake making) |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 14 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 1,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 10.0 months |
| Approx average | 0 |
| 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 | KHR |
| Minimum loan size | KHR 700,000 |
| Maximum loan size | 4,000,000 |
| Loans less than KHR 1,000,000 | 50% |
| KHR 1,000,000-3,500,000 | 50% |
| KHR 3,500,000-6,000,000 | 0 |
| KHR 6,000,000-8,000,000 | 0 |
| KHR 8,000,000-10,000,000 | 0 |
| Greater than KHR 10,000,000 | 0 |
| Shortest loan term | 2.0 months |
| Longest loan term | 12.0 months |
| Approx average | 11.0 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption Fee (MMF) |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 10 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.25% |
| Highest quoted nominal interest | 3.25% |
| 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 | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 4,000 |
| Fixed amount - max | 0 |
| Reason for variation | Loans <400,000 = 4000. Loans > 400,000 = 2% |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | Prior to March 2013 was 15%. Deposit interest rate decreases with account balance. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.50% |
| Interest payment frequency | Annually |
| 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 100,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-06-22 | 2011-06-30 | 2011-06-30 | 2011-06-23 | 2011-05-19 | 2011-06-23 | |||||
| Loan Term (Months) | 3.7 months | 5.6 months | 9.0 months | 8.0 months | 7.0 months | 10.0 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 | 67.6% | 63.3% | 57.4% | 60.2% | 61.9% | 57.7% | |||||
| Insurance Component | 75.9% | 37.1% | 18.7% | 17.5% | 15.8% | 10.9% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 20.1% | 12.1% | 8.7% | 8.3% | 7.9% | 6.8% | |||||
| Full APR (int fee ins tax dep) | 163.5% | 112.5% | 84.8% | 86.1% | 85.6% | 75.4% | |||||
| Transparency Index | 15 | 21 | 28 | 28 | 28 | 32 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KHR 700,000 | KHR 1,200,000 | KHR 2,500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-04 | 2013-03-06 | 2012-08-20 | ||
| Loan Term (Months) | 11.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 1.4 months | 0.0 months | -0.2 months | ||
| Total Cost of Credit | KHR 147,700 | KHR 280,500 | KHR 540,000 | ||
| True Price by Comp | |||||
| Interest price component | 38.6% | 39.0% | 38.9% | ||
| Fee Component | 4.6% | 4.2% | 2.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 4.9% | 3.4% | 5.2% | ||
| Full APR (int fee ins tax dep) | 48.1% | 46.6% | 46.3% | ||
| Transparency Index | 81 | 84 | 84 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
