2. TSPI
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  2. FMB
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Tulay sa Pag-unlad, Inc. 2363 Antipolo St.Makati1212
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution

First Macro Bank B. Morcilla cor. P. Herrera Sts.Pateros, Metro Manila1621
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

TSPI Maunlad Program Product 6 of 7 « Prev | Next »

Product

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Product Summary

Number borrowers92
Loan Amount (range)PHP 30,000 - 150,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Ins, Business Training
Annual Interest & Method28.8%-36.0% annual, Flat
Fees1.50%-3.00% upfront
Insurance32.00% upfront 240.00 upfront
TaxNone
Comp Dep10.0% upfront 100.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component47.2% - 69.4% (Int+Fee)
Insurance Component0 - 13.8%
Tax Component Range0
Full APR (int fee ins tax dep)65.1% - 89.7%
Transparency Index (min/max)32 - 95
Transparency Index (average)35

Product Summary

1,250
PHP 5,000 - 15,000
5.8
Credit Educ, Group Mtgs, Tech Asst Visits, Life insurance
30.0% annual, Flat
3.00% upfront
375.00 upfront
5.00% loan amt
5.0% upfront 20.00 ongoing
 
N/A
68.4% - 70.6% (Int+Fee)
1.5% - 35.2%
5.5% - 7.7%
113.4% - 134.3%
22 - 26
24

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 4,274,666.40
Portfolio (USD)USD 102,264.75
Active Clients with Loans92
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The TSPI Maunlad Program is an individual loan product primarily designed to meet the expanding credit needs of successful and loyal clients of TSPI. It is offered to clients who can guarentee their loan through either a co-borrower or collateral
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 visits
Business trainingx
Other training
Other
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 group
OtherMust have colateral or a co-borrower
Other (2)
# 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 4,700,000
Portfolio (USD)USD 112,440.19
Active Clients with Loans1,250
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group loan for microenterprises
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
OtherLife insurance
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have net income of > P2000 per month
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 30,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size15,000
Loan Term and Grace Period
Shortest loan term5.8 months
Longest loan term5.8 months
Approx average5.8 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
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 interest2.40%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesOn time payment
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionEncumberance Fee
% of loan amount - min1.50%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionGrepalife MRIMBA Credit Life
% of loan amount - min32.00%0
% of loan amount - max32.00%0
OR, Fixed amount - min0240
Fixed amount - max0240
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Insurance Fees
This product has no ongoing insurance fees
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 deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

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 - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min375
Fixed amount - max375
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
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 deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 20
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Tax (GRT) = 5% of accrued interest fee and fees (except insurance). Tax (Doc Stamp) = P1 for every P2 per annum

Full Pricing Data

TSPI Maunlad Program samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 30,000PHP 60,000PHP 80,000PHP 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-302009-08-202011-04-262011-05-30
Loan Term (Months)6.0 months24.0 months11.2 months11.2 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component63.1%47.2%69.4%69.3%
Insurance Component3.8%1.8%2.8%2.5%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component18.2%16.2%17.2%17.9%
Full APR (int fee ins tax dep)85.0%65.1%89.4%89.7%
Transparency Index34443232
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Sikap samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 5,000PHP 6,000PHP 7,000PHP 8,000
Loan Cycle (1, 2, 3, etc)2317Not Known
Disbursement Date2011-05-202011-05-202011-05-202011-05-20
Loan Term (Months)5.8 months5.8 months5.8 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months5.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component70.6%68.4%70.6%70.6%
Insurance Component35.2%28.8%24.7%21.5%
Tax Component5.8%5.5%5.6%5.5%
Deposit Component22.7%18.9%17.3%15.8%
Full APR (int fee ins tax dep)134.3%121.6%118.2%113.4%
Transparency Index22252526
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
TSPI Maunlad Program Price Graphs


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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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