2. RMB
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
  2. Espoir
Please note that the information you are viewing is 164 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rizal Microbank (A Thrift Bank of RCBC) 2/F EDES 2 Building Acacia SectionJ.P. Laurel AvenueDavao City, Davao del Sur/Region XI8000
Data approved: 2011-11-15
Data version: 1
Age of data: 152 months

Institution

Fundación para el Desarrollo Integral Espoir Iñaquito No. 1261 y Naciones Unidas Edficio Comandato Torre Iñaquito PenthouseQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 164 months

Product

Pitaka Microenterprise Loan Product 1 of 1 « Prev | Next »

Product

Crédito Emergente Product 2 of 5 « Prev | Next »

Product Summary

Number borrowers137
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)2 - 6
Other Services (text summary)Credit Ins
Annual Interest & Method21.0% annual, Flat
Fees2.50% upfront 100.00 upfront
Insurance22.50-675.00 ongoing
Tax0.50% loan amt
Comp Dep100.00 upfront 10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component58.8% - 73.1% (Int+Fee)
Insurance Component3.6% - 3.9%
Tax Component Range0 - 1.1%
Full APR (int fee ins tax dep)55.4% - 80.2%
Transparency Index (min/max)26 - 38
Transparency Index (average)31

Product Summary

6,175
USD 100 - 500
2 - 6
Credit Ins
26.9% annual, Decl Bal
None
None
None
N/A
 
N/A
26.7% - 26.9% (Int+Fee)
0
0
26.7% - 26.9%
71 - 101
100

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 7,264,101
Portfolio (USD)USD 173,782.32
Active Clients with Loans137
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The Pitaka Microenterprise Loan is for business operators who have a need for additional working capital of up to PhP150,000. This ME Loan is granted to individual clients based on character and capacity to pay.
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 training
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
Other
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 (USD)USD 1,687,779
Portfolio (USD)USD 1,687,779
Active Clients with Loans6,175
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
For members of the Communal Loan with an active loan and good rating. For sole use of developing a business opportunity or covering unforeseen business costs. Simple procedure and immediate disbursement.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
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
Other
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 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term6.0 months
Approx average3.0 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
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan sizeUSD 500
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term6.0 months
Approx average5.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.75%
Highest quoted nominal interest1.75%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeNotarial Fee
% of loan amount - min2.50%0
% of loan amount - max2.50%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionMicro-Insurance (Credit, AD & D, Health)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min22.50
Fixed amount - max675
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest26.92%
Highest quoted nominal interest26.92%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
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
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Pitaka Microenterprise Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 15,000PHP 30,000PHP 60,000PHP 85,000PHP 130,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known21
Disbursement Date2011-03-042011-01-262011-04-072011-03-032011-04-152011-04-28
Loan Term (Months)2.8 months4.0 months2.8 months2.8 months2.8 months2.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component73.1%59.1%62.4%63.8%59.4%58.8%
Insurance Component3.9%3.8%3.8%3.9%3.6%3.6%
Tax Component1.1%1.0%1.1%0.0%1.0%1.0%
Deposit Component2.1%3.3%-0.5%-0.7%-1.0%-7.9%
Full APR (int fee ins tax dep)80.2%67.1%66.8%67.0%63.0%55.4%
Transparency Index263131313338
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Crédito Emergente samples
Sample 1Sample 2Sample 3
Loan AmountUSD 400USD 400USD 400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-07-062010-07-092010-07-15
Loan Term (Months)5.0 months5.0 months5.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component26.8%26.9%26.7%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.8%26.9%26.7%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Pitaka Microenterprise Loan Price Graphs


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Crédito Emergente 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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