1

Impact Assessment

2

Demographics

3

Sex and Age

n %Female 175 97% 92%Male 5 3% 8%Total 180 100% 100%

SEX MCRB SEDPI

n %<18 0 0% 0.00%18-25 6 3% 4.75%26-35 45 25% 21.29%36-45 61 34% 32.19%46-55 42 23% 27.69%56-65 25 14% 11.98%>65 1 1% 2.09%Total 180 100% 100%

Age MCRB SEDPI

4

Civil Status and Education

n %Elem. 38 21% 24.7%H. School 92 51% 43.9%College 50 28% 31.2%No education 0 0% 0.3%Total 180 100% 100%

Educ. MCRB SEDPI

N %Married 163 90.6% 85.5%Separated 2 1.1% 2.2%Widow 10 5.6% 6.4%Single 4 2.2% 4.0%Live-in 1 0.6% 1.9%Total 180 100.0% 100.0%

Civil Status MCRB SEDPI

5Loan Cycle and Months in Program

n %1-12 68 37.8% 44.4%13-24 16 8.9% 17.1%25-36 32 17.8% 9.6%37-48 8 4.4% 4.5%49-60 4 2.2% 3.0%60-72 2 1.1% 2.9%>72 50 27.8% 18.5%Total 180 100.0% 100.0%

MCRB SEDPIMonthsn %

1 to 3 84 46.7% 60.30%4 to 6 39 21.7% 18.30%7 to 9 6 3.3% 5.40%

10 to 12 13 7.2% 6.00%13 to 15 14 7.8% 4.50%

>15 24 13.3% 5.50%

Cycle MCRB SEDPI

Average months in the program: 43

Average loan cycle: 6

6

Type of Income Generating Activity

Activity SEDPIn %

Trading, Vending 143 79.4% 67.70%Manufacturing 20 11.1% 8.20%Service 25 13.9% 16.60%Farming 3 1.7% 9.10%Animal Raising 23 12.8% 9.90%Fishing 1 0.6% 4.50%Others 8 4.4% 7.50%

MCRB

Other types of income-generating activities include: room rental, videoke rental, and income from spouse

7

Household Level

8

Income Trend

Income Trend SEDPI n %

Increased greatly 7 3.9% 1%Increased 81 45.0% 36%The same 89 49.4% 43%Decreased 2 1.1% 15%Decreased greatly 1 0.6% 5%

Total 180 100.0% 100%

MCRB

9Reasons for Increase in Income

n %Expanded existing business 47 53.4% 27%Increase in sales/demand 38 43.2% 46%Undertook new business 5 5.7% 11%Others 5 5.7% 18%Good agricultural season 1 1.1% 6%

Sold in new markets 1 1.1% 4%Other members of HH had other source of income 1 1.1% 9%

Reasons MCRB SEDPI

Other reasons include: lessened competition, salary increase, and spouse worked abroad

10Reasons for Decrease in Income

n %Poor agricultural season 1 33.3% 11%Poor sales 1 33.3% 37%Increased taxes 1 33.3% 8%

Reasons MCRB SEDPI

11

Use of Loan Proceeds

n %Income generating activity 175 97.2% 90%Food 109 60.6% 67%School 89 49.4% 45%Kept for Emergency 51 28.3% 45%Pay Other Debts 33 18.3% 19%

HH Improve 21 11.7% 22%Clothes/HH Items 16 8.9% 23%Extend Credit 12 6.7% 16%Celebration 1 0.6% 8%

MCRB SEDPILoan Use

12

Economic Well Being

SEDPI SEDPI n % % n % %

1 8 4.44% 6% 0 0.00% 1%2 38 21.11% 26% 35 19.44% 17%3 47 26.11% 31% 19 10.56% 29%4 45 25.00% 7% 57 31.67% 23%5 42 23.33% 20% 69 38.33% 31%

Average

Rating Before Current

3.42 3.89

13

House and Diet Improvements

n %Repairs 66 36.67% 43%Water/Sanitation System 27 15.00% 18%Expansion 20 11.11% 22%Lighting and Electricity 7 3.89% 13%

Changes MCRB SEDPI

n %Improved 48 26.7% 26%The Same 131 72.8% 67%Worsened 1 0.6% 8%Total 180 100.0% 100%

Diet MCRB SEDPI

14

Manner of Diet Improvement

n % More Dairy/Meat 21 43.8% 59%Better during hungry season 18 37.5% 23%More Vegetables 13 27.1% 44%More Rice 5 10.4% 40%3 meals per day 3 6.3% 23%

Others 3 6.3% 19%

MCRB SEDPI

15

Manner of Diet Worsening

N % Less Dairy/Meat 1 100.0% 62%

MCRB SEDPI

16Number of Children Aged 7-17 Not in School

n %0 170 94.4% 92.60%1 8 4.4% 5.40%2 1 0.6% 1.30%3 0 0.0% 0.60%

>3 1 0.6% 0.20%

# of Children

MCRB SEDPI

17MFI Impact on Children’s Education

n %Yes 129 71.7% 69.83%

Did the MF Program Help in the Education of Children

MCRB SEDPI

n %Daily allowance 94 72.9% 64.79%Tuition 84 65.1% 53.36%Projects, assignments, requirements 46 35.7% 30.94%School supplies 43 33.3% 35.48%Uniform 33 25.6% 25.95%

How it Helped MCRB SEDPI

18

Gender

n % Discussed loan access with spouse 123 68.3% 80%Shared part of loan with spouse 34 18.9% 38%Spouse used loan to benefit HH 15 8.3% 28%Spouse got insecure 4 2.2% 3%Spouse used physical strength to settle HH issues 1 0.6% 1%

Spouse’s vice increased 3 1.7% 3%Foregone imp. HH exp. to pay loan 92 51.1% 49%Foregone bus. opp. to pay loan 85 47.2% 38%

MCRB SEDPI

19Main Decision Maker: Business

n %Self 97 53.9% 50%Self and Spouse Equally 70 38.9% 35%Spouse 7 3.9% 8%Female Relative 1 0.6% 1%Male Relative 0 0.0% 0.50%

Person in Control MCRB SEDPI

20Control of Household Expenditure

n %Self 120 66.7% 58%Self and Spouse Equally 52 28.9% 31%Spouse 6 3.3% 8%Female Relative 2 1.1% 2%Male Relative 0 0.0% 0.40%

Decision Maker MCRB SEDPI

21

Cash Savings Trend

93.9% have cash savings that could be withdrawn anytime

n % Increased greatly 1 0.6% 1.10%Increased 65 36.1% 37%The same 97 53.9% 44%Decreased 9 5.0% 12%Decreased greatly 5 2.8% 3%

None 3 1.7% 3%

MCRB SEDPI Savings Trend

22

Savings Purpose

n % Education of Children 64 36.2% 23%Medication 3 1.7% 9%Emergency 92 52.0% 59%Buy New Asset 4 2.3% 6%Capital for Business 6 3.4% 9%

Pay for Loan 20 11.3% 7%Others 8 4.5% 9%

SEDPI Savings Purpose MCRB

Other purposes for savings are: pregnancy, retirement, and send support to family

23

Enterprise Level

24Top Three Expenses Sourced from Business Income

n %Food 114 63.3% 82.6%Clothing 2 1.1% 4.4%School 105 58.3% 47.0%Health-related 16 8.9% 16.6%Items for house 10 5.6% 6.6%Reinvest in business 46 25.6% 17.6%Save 4 2.2% 1.4%Animal Raising 1 0.6% 1.8%Utilities 69 38.3% 47.2%Water 7 3.9% 16.5%Others 41 22.8% 11.9%

Expense MCRB SEDPI

Others: household improvement, for leisure and holidays, pay rent, pay loan

25Changes Made to and Purchases for Business

Changes SEDPIn %

Expanded size 93 51.7% 45.1%Added new products or services 82 45.6% 35.0%Developed new business 43 23.9% 17.2%Hired workers 13 7.2% 7.6%

MCRB

n %Equipment 53 29.4% 33.9%Invest in new structure 19 10.6% 12.5%Vehicle 13 7.2% 13.4%

Purchases MCRB SEDPI

26

Business Condition Rating

n % n % No

business10 5.6% 4 2.2%

1 7 3.9% 0 0.0%2 3 1.7% 1 0.6%3 7 3.9% 3 1.7%4 10 5.6% 4 2.2%5 70 38.9% 30 16.7%6 20 11.1% 24 13.3%7 24 13.3% 40 22.2%8 16 8.9% 33 18.3%9 4 2.2% 13 7.2%

10 9 5.0% 28 15.6%Ave

Rating Before Current

5.49 7.13

27

Product and Service Delivery

28

Features Clients Like Best

n %Accommodating staff 92 51.1% 43.3%

Other financial services 61 33.9% 29.5%Faster and efficient 46 25.6% 34.7%Steady source of capital 35 19.4% 15.3%Others 34 18.9% 11.3%Policies 34 18.9% 26.9%

Other benefits 24 13.3% 13.6%Low amortization 9 5.0% 6.1%Low interest rate 6 3.3% 19.3%

Trainings 4 2.2% 0.8%Group solidarity 4 2.2% 5.4%

Features MCRB SEDPI

Other features include: center fund, no meeting, accessible office, and respectful when collecting

29

Features Clients Like Least

*Policy on insurance 6 3.3%*Penalties 6 3.3%*Collection even on holidays 3 1.7%

Others* 22 12.2% 14.0%

Repayment policies 15 8.3% 2.5%Loan amount too small 5 2.8% 4.8%Guarantee policies/group liability 5 2.8% 5.1%High interest rate 3 1.7% 8.0%Forced and required savings 2 1.1% 2.5%

Inefficient loan processing 2 1.1% 2.6%No additional benefits 2 1.1% 1.6%Pre-deductions 1 0.6% 2.1%

Dislike loan officer 1 0.6% 2.0%

30

Client Satisfaction with MFISEDPI

n % %1 0 0.0% 0.1%

2 0 0.0% 0.1%3 0 0.0% 0.1%4 0 0.0% 0.4%5 2 1.1% 5.3%6 1 0.6% 2.5%

7 8 4.4% 5.0%8 19 10.6% 15.6%9 24 13.3% 15.9%

10 126 70.0% 54.3%Average Rating 8.92

Rating MCRB

9.44

31

Other Services Clients Wantn %

Others* 99 55.0% 27.8%

Health services 18 10.0% 7.2%Insurance 9 5.0% 6.5%Benefits for center/officers 4 2.2% 2.6%Relief services or goods 1 0.6% 3.4%Livelihood training 1 0.6% 6.8%

Other Services MCRB SEDPI

*Scholarship 27 15.0%*Emergency loan 18 10.0%*Educational plan or loan 9 5.0%

*PhilHealth 15 8.3%*Higher loan amount 5 2.8%*Housing loan 5 2.8%*Lower interest 6 3.3%*Insurance policy - more coverage 5 2.8%

32Number of Clients that Have Resigned

n %0 53 29.4% 50.7%

1 to 3 70 38.9% 29.2%4 to 6 33 18.3% 11.0%7 to 10 19 10.6% 5.2%11 to 15 1 0.6% 1.0%16 to 20 3 1.7% 1.9%

>20 1 0.6% 2.7%

Number MCRB SEDPI

33

Reasons for Leaving

*Business-related reasons 13 7.2%*Policy-related reasons (age requirement, pregnant, etc.) 9 5.0%*Moved to other MFI 7 3.9%*Does not want to loan yet 27 15.0%

n %Others* 65 36.1% 1.1%

Not able to pay 50 27.8% 26.5%Sufficient working capital 12 6.7% 3.0%Group liability 8 4.4% 2.1%Migrate 7 3.9% 8.1%Loan term decreased 2 1.1% 53.4%

Group dynamics 1 0.6% 1.0%

Reasons MCRB SEDPI

34

Savings

n %Home 83 46.1% 50.6%

Commercial bank 29 16.1% 16.4%Rural Bank 14 7.8% 6.0%Informal 11 6.1% 2.7%NGO 7 3.9% 5.7%Government 1 0.6% 1.4%

Where Clients Save MCRB SEDPI

SEDPI76.7% 73.4%Savers Before MFI Membership

35

Weekly Savings

N %PhP 1- 50 61 33.9% 28.0%PhP 51-100 47 26.1% 21.5%Php 101-250 17 9.4% 16.6%PhP 251-500 32 17.8% 22.3%Php 501-700 3 1.7% 1.8%

>700 17 9.4% 14.0%Average 369.32

MCRBAmount

301.81

SEDPI

36

Multiple MF Program Membership

n %Family Member 20 40.8% 3.09%Cooperative 11 22.4% 18.00%Informal 7 14.3% 16.67%Others 6 12.2% 12.14%Bank 5 10.2% 9.00%

Source of Credit MCRB SEDPI

n %Yes 49 27% 27%

Have source of credit

MCRB SEDPI

37

Delinquency

n %Delayed payment 5 38.5% 2.2%

Business was not profitable 3 23.1% 25.5%

Self or HH Member Got Sick 3 23.1% 25.2%

Used for Consumption 3 23.1% 19.2%Disaster 1 7.7% 6.0%

Causes MCRB SEDPI

7.2%% of Clients with at Least One Missed Payment

38

Actual and Desired Loan Amount

*Clients who do not like to have a new loan but want microinsurance and other financial services.

n % n %0* 0 0.0% 1 0.6%1 to 5,000 29 16.1% 21 11.7%5,001 to 10,000 76 42.2% 67 37.2%10,001 to 15,000 26 14.4% 28 15.6%15,001 to 20,000 15 8.3% 15 8.3%

20,001 to 25,000 5 2.8% 5 2.8%25,001 to 50,000 21 11.7% 33 18.3%50,001 to 100,000 4 2.2% 8 4.4%

100,001 to 250,000 1 0.6% 1 0.6%>250,001 3 1.7% 3 1.7%

Average

Actual Desired

24,249.44 31,832.78

Loan Amount

39

Desired Loan Term and Interest Rate

n %

0 1 0.6%

3 6 3.3%

4 3 1.7%

5 3 1.7%

6 137 76.1%

12 24 13.3%

18 1 0.6%

24 4 2.2%

36 1 0.6%

Average

# of Months MCRB

7.25

n %

0.00% 0 0.0%

0.01% to 1% 33 18.3%

1.01% to 2% 76 42.2%

2.01% to 3% 28 15.6%

3.01% to 4% 2 1.1%

4.01% to 5% 17 9.4%

5.01% to 10% 31 17.2%

>10% 10 5.6%

Average

Interest Rate MCRB

3.32%

40

Collateral that clients can give

n %Household Assets 88 48.9% 44.0%

Chattel Mortgage 35 19.4% 17.6%Savings 25 13.9% 5.3%Real Estate 24 13.3% 24.1%Co-maker 15 8.3% 10.7%

Character and discipline 5 2.8% 1.1%

Business permit 3 1.7% 0.8%Livestock 1 0.6% 3.6%

Salary 1 0.6% 0.3%

Trust 1 0.6% 0.4%

Guarantees or Collateral MCRB SEDPI