Please note that the information you are viewing is 127 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Data approved: 2013-07-16
Data version: 1
Age of data: 127 months

Product

Salary Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 660,345,396
Portfolio (USD)USD 415,311.57
Active Clients with Loans843
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Salary loan product is desinged to finance salaried employees.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution20
# Regions for this product6
Regions ActiveArusha, Dodoma, Mwanza, ShinyangaSingida, Tabora

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 100,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,0005%
TZS 350,000-1,250,00060%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,0005%
TZS 3,000,000-4,000,0005%
Greater than TZS 4,000,0005%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months30%
Longer than 18 months10%
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10,000
Fixed amount - max10,000
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Salary Loan samples
Sample 2Sample 3Sample 4
Loan AmountTZS 300,000TZS 400,000TZS 1,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-202013-05-212013-08-19
Loan Term (Months)12.0 months12.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditTZS 71,680TZS 92,160TZS 117,600
True Price by Comp     
Interest price component35.9%35.9%35.8%
Fee Component6.7%5.0%3.6%
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)42.6%40.9%39.4%
Transparency Index858891
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Salary Loan Price Graphs


Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 151 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://cev.org.ph/
Year established1998
Head of InstitutionJonar B. Dorado
Regions active
# Branches30

Total Portfolio (nat'l)PhP 207,898,362.30
Total Portfolio (USD)USD 4,973,645.03
Active clients with loans35,107
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsVisionFund International (VFI), World Vision Development Foundation (WVDF), Microfinance Council of the Philippines (MCPI), Social Performance Management-Peer Learning Community (SPM-PLC)
FundersKIVA, PLANIS, Peoples Credit and Finance Corporation, World Vision Area Development Programs

Loan Products » Summary

886 Borrowers
USD 71,982.63 Portfolio
Active Product
100 Borrowers
USD 15,311 Portfolio
Active Product
15,000 Borrowers
USD 2,177,033.49 Portfolio
Active Product
19,500 Borrowers
USD 2,846,889.95 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Asenso Loan PHP 31,000 - 150,000 12 - 24 20% - 40% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs
BABE Loan PHP 10,000 - 10,000 3 - 5 60% - 80% 20% - 40% Business, Agriculture, Hog-raising Women, Men, Have business Credit Educ, Group Mtgs
CROP Loan PHP 2,000 - 20,000 5 40% - 60% 0% - 20% Business, Agriculture Women, Men, Farmer Credit Educ, Group Mtgs, Credit Ins, Business Training
Yaman Loan PHP 2,000 - 30,000 4 - 5 60% - 80% 20% - 40% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Asenso Loan 30.0% annual, Flat 2 Fees 1 Ins None 20.0% upfront 200.00 ongoing 58.9% - 68.6% 69.1% - 115.5% 35
BABE Loan 30.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 200.00 ongoing 44.7% 71.1% 42
CROP Loan 30.0% annual, Flat 2 Fees 1 Ins None 20.0% upfront 50.00 ongoing 39.5% - 45.7% 61.5% - 79% 44
Yaman Loan 30.0% annual, Flat 2 Fees 1 Ins None 20.0% upfront 50.00 ongoing 79.7% - 88.1% 142.3% - 200.9% 17
Institution Price Graph
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to