Number borrowers | 722 |
Loan Amount (range) | PHP 1,000 - 10,000 |
Loan Term (range) | 5 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 2.00% upfront 20.00 ongoing |
Tax | None |
Comp Dep | 5.0% upfront 10.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 64.1% - 72.7% (Int+Fee) |
Insurance Component | 6.4% - 75.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 82.2% - 96.0% |
Transparency Index (min/max) | 15 - 34 |
Transparency Index (average) | 28 |
27,255 |
MAD 1,000 - 25,000 |
3 - 48 |
Credit Educ, Group Mtgs |
34.5% annual, Decl Bal |
2.00% upfront 10.00 upfront |
None |
None |
N/A |
26.5% - 34.5% |
1.0% - 10.3% |
0 |
0 |
38.1% - 42.5% |
76 - 98 |
85 |
Outstanding portfolio (PHP) | PHP 2,112,654 |
Portfolio (USD) | USD 50,541.96 |
Active Clients with Loans | 722 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | Modified Grameen |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
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 | Member for > 6 months |
Other (2) | At least on the 2nd cycle of regular loan |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (MAD) | MAD 84,756,851 |
Portfolio (USD) | USD 9,971,394.24 |
Active Clients with Loans | 27,255 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
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 | 9 |
# Regions for this product | 9 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa |
Currency | PHP |
Minimum loan size | PHP 1,000 |
Maximum loan size | 10,000 |
Shortest loan term | 5.0 months |
Longest loan term | 5.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | MAD |
Minimum loan size | MAD 1,000 |
Maximum loan size | 25,000 |
Loans less than MAD 5,000 | 40% |
MAD 5,000-15,000 | 50% |
MAD 15,000-25,000 | 10% |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 40% |
Longer than 18 months | 10% |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
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 Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 10 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 34.50% |
Highest quoted nominal interest | 34.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Frais de dossier | Frais de Carnet | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 10 | |
Reason for variation | N/D | N/A | |
Appears on Repayment Sched? | Yes | No |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 3,000 | PHP 7,000 | PHP 7,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-14 | 2011-06-07 | 2011-06-01 | 2011-06-01 | |||
Loan Term (Months) | 4.0 months | 5.0 months | 5.0 months | 5.0 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 | 72.7% | 65.0% | 65.0% | 64.1% | |||
Insurance Component | 14.5% | 11.1% | 11.1% | 10.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.8% | 7.4% | 7.4% | 7.2% | |||
Full APR (int fee ins tax dep) | 96.0% | 83.5% | 83.5% | 82.2% | |||
Transparency Index | 25 | 29 | 29 | 29 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 2,048.47 | MAD 3,068.88 | MAD 5,109.69 | MAD 6,130.10 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2014-03-05 | 2014-03-14 | 2014-03-06 | 2014-03-20 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.1 months | 0.0 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | MAD 264.50 | MAD 392.50 | MAD 1,122.50 | MAD 1,346.50 | |||
True Price by Comp | |||||||
Interest price component | 33.7% | 34.3% | 33.9% | 33.9% | |||
Fee Component | 8.6% | 8.2% | 4.3% | 4.2% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 42.3% | 42.5% | 38.2% | 38.1% | |||
Transparency Index | 81 | 81 | 90 | 91 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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