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Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 90,071,216.34 |
| Portfolio (USD) | USD 2,154,813.79 |
| Active Clients with Loans | 5,591 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
This program is a facility for housing and/or toilet construction or renovation with loans of up to PhP100,000 for housing loan and up to PhP15,000 for toilet loan. Loan terms range from eighteen months to five years.
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Sanitation |
| Other (2) | |
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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must have proof of right to construct house |
| Other (2) | |
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 | PHP |
| Minimum loan size | PHP 15,000 |
| Maximum loan size | 100,000 |
Loan Term and Grace Period
| Shortest loan term | 18.0 months |
| Longest loan term | 60.0 months |
| Approx average | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.20% |
| Highest quoted nominal interest | 1.50% |
| Reason(s) why interest rate varies | Each on time amortization is eligible for the 20% interest rate discount |
| 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 | Administration Fee |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 | | Ins 2 |
|---|
| Description | Mortgage Redemption Insurance | | Life Insurance |
| % of loan amount - min | 3.16% | | 0 |
| % of loan amount - max | 3.16% | | 0 |
| OR, Fixed amount - min | 0 | | 240 |
| Fixed amount - max | 0 | | 1,200 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
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 |
Additional Comments
Each on time amortization is eligible for the 2% interest rate discount
Full Pricing Data
Housing and Sanitation Loan Program samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 15,000 | | PHP 30,000 | | PHP 50,000 | | PHP 90,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-02-01 | | 2009-04-22 | | 2009-10-06 | | 2009-05-06 |
| Loan Term (Months) | 18.2 months | | 36.4 months | | 36.4 months | | 36.4 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 | 40.6% | | 35.4% | | 35.3% | | 35.3% |
| Insurance Component | 5.0% | | 2.4% | | 1.8% | | 1.4% |
| 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) | 45.6% | | 37.8% | | 37.1% | | 36.7% |
| Transparency Index | 32 | | 38 | | 39 | | 39 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Housing and Sanitation Loan Program Price Graphs
