Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://www.1stvalleybank.com/ |
Year established | 1956 |
Head of Institution | Atty. Nicolas J. Lim |
Regions active | |
# Branches | 23 |
Total Portfolio (nat'l) | PhP 3,284,057,363 |
Total Portfolio (USD) | USD 78,565,965.62 |
Active clients with loans | 70,630 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Bangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Microenterprise Access to Banking Services (MABS), Microfinance Council of the Philippines, Inc. (MCPI) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | PHP 10,000 - 250,000 | 12 - 24 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Salaried worker, Specific age group, 18-70 years old, Barangay & LGU Officials | Credit Ins | |||||||
DepEd APDS Loan | PHP 20,000 - 250,000 | 12 - 24 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
Microfinance Loan | PHP 3,000 - 150,000 | 0.9 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture, Housing | Women, Men, Specific age group, 18-65 years old | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
Outstanding portfolio (RWF) | RWF 85,328,639 |
Portfolio (USD) | USD 144,625 |
Active Clients with Loans | 164 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | RWF |
Minimum loan size | RWF 10,000 |
Maximum loan size | 5,000,000 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
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 | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Processing Fee + collateral visit | Commission Fee + internal guarantee | |
% of loan amount - min | 0 | 1.50% | |
% of loan amount - max | 0 | 1.50% | |
OR, Fixed amount - min | 15,000 | 0 | |
Fixed amount - max | 15,000 | 0 | |
Reason for variation | |||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Commission |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 1,000 |
Reason for variation | |
Appears on Repayment Sched? |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 120,000 | RWF 248,000 | RWF 570,000 | RWF 700,000 | RWF 1,300,000 | RWF 1,525,000 | |||||
Loan Cycle (1, 2, 3, etc) | 0 | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | N/A | 2012-04-16 | 2012-05-11 | 2012-04-25 | 2012-08-22 | 2012-05-02 | |||||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | 24.0 months | 24.0 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 | 53.7% | 35.3% | 31.5% | 26.5% | 0.0% | 34.6% | |||||
Insurance Component | 2.3% | 2.5% | 0.6% | 0.0% | 26.5% | 6.2% | |||||
Tax Component | 0.4% | 0.2% | 0.2% | 0.0% | -26.5% | 0.2% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 26.5% | 0.0% | |||||
Full APR (int fee ins tax dep) | 56.5% | 38.1% | 32.3% | 26.5% | 26.5% | 41.1% | |||||
Transparency Index | 27 | 39 | 46 | 57 | 57 | 37 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% 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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