Annex C. Description of KPIs Desired outcome and KPI
KPI description and formula (if applicable)
1. Reduced disparities in financial inclusion Percentage of adults35 with Percentage of Filipino adults who own a transaction transaction accounts account in a formal financial institution such as banks, EMIs, coops, and MFIs. This transaction account can be used to save money; send or receive remittance, income, assistance (ayuda), and benefits; and make day-to-day payments. 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑎𝑑𝑢𝑙𝑡𝑠 𝑤ℎ𝑜 𝑜𝑤𝑛 𝑎 𝑡𝑟𝑎𝑛𝑠𝑎𝑐𝑡𝑖𝑜𝑛 𝑎𝑐𝑐𝑜𝑢𝑛𝑡 𝑇𝑜𝑡𝑎𝑙 𝑎𝑑𝑢𝑙𝑡 𝑝𝑜𝑝𝑢𝑙𝑎𝑡𝑖𝑜𝑛 *Lead indicator: number of BDAs (in millions)
Gap in account ownership Income class: ABC vs. E
Number of Filipinos with BDA, a bank deposit product with features (opening amount of PHP 100 or less, no maintaining balance, no dormancy charges, simplified KYC) designed for the unbanked population. The extent of disparity of the percentage of adults with accounts between two segments, i.e., income class ABC (which has the highest account ownership level) and class E (which has the lowest account ownership level). A disparity ratio closer to 1 means lower disparity between the two segments being compared.
Percentage of borrowers who obtained their loan from formal sources
Gap in access to formal credit Men- vs. womenowned/led SMEs
% 𝑜𝑓 𝑎𝑑𝑢𝑙𝑡𝑠 𝑖𝑛 𝑐𝑙𝑎𝑠𝑠 𝐸 𝑤𝑖𝑡ℎ 𝑎𝑐𝑐𝑜𝑢𝑛𝑡 % 𝑜𝑓 𝑎𝑑𝑢𝑙𝑡𝑠 𝑖𝑛 𝑐𝑙𝑎𝑠𝑠 𝐴𝐵𝐶 𝑤𝑖𝑡ℎ 𝑎𝑐𝑐𝑜𝑢𝑛𝑡 Percentage of borrowers who obtained their loan from formal/regulated financial institutions such as banks, coops, MFIs, pawnshops, lending/financing companies, online lending platforms, and others. 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑏𝑜𝑟𝑟𝑜𝑤𝑒𝑟𝑠 𝑤ℎ𝑜 𝑜𝑏𝑡𝑎𝑖𝑛𝑒𝑑 𝑡ℎ𝑒𝑖𝑟 𝑙𝑜𝑎𝑛 𝑓𝑟𝑜𝑚 𝑓𝑜𝑟𝑚𝑎𝑙 𝑠𝑜𝑢𝑟𝑐𝑒𝑠 𝑇𝑜𝑡𝑎𝑙 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑏𝑜𝑟𝑟𝑜𝑤𝑒𝑟𝑠 The extent of disparity among SME respondents between two segments, i.e., men- and women-owned/led SMEs which applied for a business loan in the last 2 years from a formal financial institution. A disparity ratio closer to 1 means lower disparity between the two segments being compared.
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Adults refer to individuals aged 15 years old and above, unless otherwise indicated.
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