Summary
statistics
for
renegotiations
before
write
off.
This
table
shows
means,
medians,
and
standard
deviations
for
variables
related
to
the
renegotiations
that
occur
within
six
months
after
the
cam
paign
starts,
for
borrowers
in
the
renegotiation
offer
sample
whose
out
standing
balance
as
of
January
2010
is
between
50,0
0
0
and
10
0,0
0
0
pe
sos.
“Installment
increase” is
the
increase
in
installment
amount
as
a
frac
tion
of
the
installment
before
the
renegotiation;
“Number
of
installments
before
offer” is
the
estimated
average
number
of
installments
remain
ing
before
the
renegotiation
offer;
“Number
of
installments
after
offer”
corresponds
to
the
average
number
of
installments
after
renegotiation;
“Amount
increase” is
the
increase
of
the
debt
balance
due
to
the
renegoti
ation
as
a
fraction
of
balance
before
the
renegotiation;
“Upfront
payment
as
a
%
of
amount” corresponds
to
the
upfront
payment
as
a
fraction
of
the
renegotiated
outstanding
balance;
“Frac.
borrowers
with
no
upfront” cor
responds
to
the
fraction
of
borrowers
who
renegotiate
their
loan
and
do
not
make
an
upfront
payment;
“Implied
yearly
interest
rate” corresponds
to
the
implied
yearly
interest
rate
that
makes
the
discounted
value
of
in
stallments
equal
to
the
loan
balance
as
of
January
2010,
shown
as
12
×
monthly
rate.