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Philippines:
Country Overview
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With 89 million
inhabitants, the Philippines is relatively densely
populated. It is a typical microfinance market,
especially in rural and semi-urban areas. Despite the
presence of hundreds of rural banks, thrift banks and
commercial banks, microfinance services are still mainly
offered by NGOs and the informal sector (pawn shops,
etc.). Formal MFIs are estimated to reach around 2
million borrowers, or an estimated market penetration of
23%. Although a higher penetration than in countries
like India, Nigeria and Philippines, interest margins
continue to be high, in part reflecting the relative
inefficiency of the MFIs in the Philippines. |
Figures in million
|
Country |
Total Population |
|
Country |
Total
Population |
Below
Poverty
Line (%) |
Rural
(%) |
Urban
(%) |
Estimated
# MF
Clients |
Currently
Served |
Served
(%) |
|
Philippines |
89 |
36.8 |
27.20 |
72.80 |
16.44 |
0.63 |
4% |
Status of ASA International in Philippines
ASA international has established a
lending company namely ‘Pagasa Philippines Lending
Company International’
Operational
Coverage
At present, the
organization is working in mainly Manila. It has the
plan to expand the coverage in upcoming future. |
|
Context |
Small Loan |
Small Business Loan |
Especial Loan |
|
Loan Ceiling
(1st loan) |
PHP
4,000-10,000/
USD 86-215 |
PHP
11,000-30,000/
USD 236- 643 |
PHP
2,000-5,000/
USD 43-107 |
|
Increased in
later Ceiling |
PHP
2,000-4,000/
USD 43-86 |
PHP
2,000-5,000/
USD 43-107 |
n/a |
|
Insurance/Loan
Processing Fees |
.5% |
.5% |
.5% |
|
No. of
Installments |
23 |
23 |
3 |
|
Loan Duration/
Period |
6 Months |
6 Month |
3 Month |
|
Processing Time
for 1st Loan |
1 Weak |
1 Weak |
1 Weak |
|
Grace Period
|
1 Weak |
1 Weak |
1 Month |
Performance
(started lending in December 2007)
|
Particular |
Up to December 2010 |
|
No. of Borrowers |
140,599 |
|
No. of Loan Officer |
647 |
|
No. of Borrowers per Loan Officer |
217 |
|
Loan Outstanding (Principal) U$$ |
13,447,845 |
|
Avg. Outstanding per Borrower (U$$) |
96 |
|
Portfolio per Loan Officer (U$$) |
20,785 |
Source
of Fund:
Shareholder’s equity
Head Office
02JM Delgoda St. Ff Homes
Subdv
Barangay: Holy Spirit,
Commonwealth
Quezon City, Metro Manila,
Philippines
Contact:
philippines@asa-international.com
Ph:
+63 02 951-3667
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