| Number borrowers | 1,909 |
| Loan Amount (range) | ZMK 2,000,000 - 250,000,000 |
| Loan Term (range) | 3 - 24 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training |
| Annual Interest & Method | 60.0%-78.0% annual, Flat |
| Fees | 3.80% upfront 0.90%-3.00% upfront |
| Insurance | 0.44%-1.90% upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 138.3% - 141.3% (Int+Fee) |
| Insurance Component | 1.6% - 8.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 167.4% - 177.5% |
| Transparency Index (min/max) | 25 - 65 |
| Transparency Index (average) | 34 |
| 1,253 |
| PHP 5,000 - 150,000 |
| 3 - 12 |
| Credit Ins, Tech Asst Visits, Business Training, Seminar on Livelihoods |
| 30.0% annual, Flat |
| 4.00% upfront |
| 0.40%-1.30% upfront 10.00 ongoing |
| None |
| 5.0% upfront 0.02% ongoing |
| N/A |
| 78.1% - 78.2% (Int+Fee) |
| 2.8% - 30.8% |
| 0.8% - 4.9% |
| 97.0% - 113.0% |
| 18 - 32 |
| 29 |
| Outstanding portfolio (ZMK) | ZMK 8,463,142,196 |
| Portfolio (USD) | USD 1,635,389.80 |
| Active Clients with Loans | 1,909 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| 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 | |
| Credit insurance | |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (PHP) | PHP 26,449,638.61 |
| Portfolio (USD) | USD 632,766.47 |
| Active Clients with Loans | 1,253 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Seminar on Livelihoods |
| 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 | Has 2 valid IDs, Barangay Clearance, DTI |
| Other (2) | 2 years resident in area |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ZMK |
| Minimum loan size | ZMK 2,000,000 |
| Maximum loan size | 250,000,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 6.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing fees/Admin fee | Ntula | |
| % of loan amount - min | 3.80% | 0.90% | |
| % of loan amount - max | 3.80% | 3.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 0.44% |
| % of loan amount - max | 1.90% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| 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 Charge |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 0.40% |
| % of loan amount - max | 1.30% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Mutual Fund |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10 |
| Fixed amount - max | 10 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0.02% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | ZMK 4,500,000 | ZMK 5,000,000 | ZMK 10,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-09-01 | 2011-08-29 | 2011-07-07 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 141.3% | 140.3% | 138.3% | ||
| Insurance Component | 8.7% | 8.6% | 5.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 27.5% | 27.4% | 23.8% | ||
| Full APR (int fee ins tax dep) | 177.5% | 176.3% | 167.4% | ||
| Transparency Index | 34 | 34 | 36 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 8,000 | PHP 15,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | PHP 125,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | |||||
| Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | 5.6 months | 5.6 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 | 78.2% | 78.1% | 78.1% | 78.1% | 78.1% | 78.1% | |||||
| Insurance Component | 15.0% | 9.5% | 6.6% | 4.9% | 4.3% | 4.0% | |||||
| Tax Component | 3.0% | 1.6% | 1.7% | 1.2% | 1.1% | 0.8% | |||||
| Deposit Component | 16.8% | 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 Index | 27 | 29 | 30 | 30 | 31 | 31 | |||||
| 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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