Ecofuturo S.A. - Eco - Hagar (BOB) - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 124 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 152 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz

Data approved: 2013-12-31

Data version: 2

Age of data: 124 months

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Institution

Community Economic Ventures, Inc. Sarabia-Co-Torralba Bldg. 2 , Espeulas St.Tagbilaran, Bohol6300

Data approved: 2011-11-15

Data version: 1

Age of data: 152 months

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Product

Eco - Hagar (BOB) Product 12 of 12 « Prev | Next »

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Product Summary

Number borrowers	4,409
Loan Amount (range)	BOB 3,500 - 68,600
Loan Term (range)	3 - 48
Other Services (text summary)	Credit Ins
Annual Interest & Method	11.0%-30.0% annual, Decl Bal
Fees	None
Insurance	0.25%-3.98% ongoing Y
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	9.9% - 28.9%
Fee Component	0
Insurance Component	0.9% - 1.9%
Tax Component Range	0
Full APR (int fee ins tax dep)	21.1% - 26.6%
Transparency Index (min/max)	24 - 67
Transparency Index (average)	45

Product Summary

886
PHP 31,000 - 150,000
12 - 24
Credit Educ, Group Mtgs
30.0% annual, Flat
2.50% upfront 20.00 ongoing
875.00-3,750.00 upfront
None
20.0% upfront 200.00 ongoing

N/A
58.9% - 68.6% (Int+Fee)
0.9% - 44.8%
0.0% - 0
69.1% - 115.5%
15 - 49
35

Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 65,566,023
Portfolio (USD)	USD 9,713,484.89
Active Clients with Loans	4,409
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Créditos a personas asalariadas o microempresarios que destinen el credito a la vivienda sin garantía hipotecaria

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Construcción de Vivienda
Other (2)	Refacción, remodelación y ampliación

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	9
# Regions for this product	9
Regions Active	Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 3,008,874
Portfolio (USD)	USD 71,982.63
Active Clients with Loans	886
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This type of product is created to provide CEVI existing and new clients a greater access to microfinance services. The loan product is assessed based on repayment capacity through cash flow analysis.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 3,500
Maximum loan size	68,600

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	20%
BOB 10,000-40,000	70%
BOB 40,000-70,000	10%
BOB 70,000-100,000	0
BOB 100,000-125,000	0
Greater than BOB 125,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	48.0 months
Approx average	31.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	10%
Between 13 and 18 months	10%
Longer than 18 months	80%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months	x
Quarterly	x
Every 6 months	x
Every 12 months
Single end payment
Irregular payments	x

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 31,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	24.0 months
Approx average	0

Grace Period

Grace period usage	100%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	11.00%
Highest quoted nominal interest	30.00%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	No

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1	Ins 2
Description	Seguro de Desgravamen	Seguo de Todo Riesgo
% of loan amount - min	0.25%	0
% of loan amount - max	3.98%	0.32%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	Fee is 0.083%, charged each month on the outstanding loan principal only.	Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient.
Appears on Repayment Sched?	Yes	Yes

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

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

Upfront Fees

	Fee 1
Description	Service charge
% of loan amount - min	2.50%
% of loan amount - max	2.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Fees

	Fee 1
Description	Client Training Fund
% 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

Upfront Insurance Fees

	Ins 1
Description	TASAKA
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	875
Fixed amount - max	3,750
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 200
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

If first loan cycle, Pre-CBU amount is P2. For succeeding loan cycles, as long as no withdrawals, no minimum CBU amount required. If with withdrawal, 2% of loan amount must be maintained. Member is allowed 2 withdrawals per month, as long as CBU does not go below 2% of principal loan amount. The Client Training Fund is used as client counterpart for their capacity building.

Full Pricing Data

Eco - Hagar (BOB) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	BOB 5,000	BOB 28,000	BOB 35,000	BOB 49,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-12-15	2013-12-14	2013-11-12	2013-12-10
Loan Term (Months)	18.0 months	49.0 months	37.0 months	49.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	BOB 1,129.12	BOB 16,447.90	BOB 13,635.72	BOB 21,303.70
True Price by Comp
Interest price component	24.9%	23.1%	23.1%	20.1%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	1.7%	1.5%	1.7%	1.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	26.6%	24.6%	24.8%	21.1%
Transparency Index	41	45	44	52

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Full Pricing Data

Asenso Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 35,000	PHP 50,000	PHP 70,000	PHP 150,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-05-31	2011-05-17	2011-05-24	2011-03-11
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (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
True Price by Comp
Interest and Fee Component	68.6%	62.9%	64.8%	58.9%
Insurance Component	7.9%	2.5%	3.7%	0.9%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	39.1%	3.8%	13.6%	27.4%
Full APR (int fee ins tax dep)	115.5%	69.1%	82.1%	87.2%
Transparency Index	26	43	37	34

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Eco - Hagar (BOB) Price Graphs

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Asenso Loan 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

	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 ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Eco - Hagar (BOB) samples

Full Pricing Data

Asenso Loan samples

Eco - Hagar (BOB) Price Graphs

Asenso Loan Price Graphs

Total Borrowers of Samples

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