Number borrowers | 152 |
Loan Amount (range) | INR 35,000 - 35,000 |
Loan Term (range) | 16 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 14.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 29.2% (Int+Fee) |
Insurance Component | 3.2% - 4.2% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 32.4% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 43 |
104 |
PHP 10,000 - 40,000 |
3 - 6 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
36.0% annual, Flat |
2.00% upfront 100.00 upfront |
60.00-480.00 upfront |
None |
5.0% upfront 90.00 ongoing |
N/A |
37.0% - 53.6% (Int+Fee) |
4.5% - 5.6% |
0 |
45.5% - 69.0% |
20 - 88 |
63 |
Outstanding portfolio (INR) | INR 5,360,750 |
Portfolio (USD) | USD 101,146.23 |
Active Clients with Loans | 152 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Can only be used for FIXED assets |
Other (2) | Asset Creation of Borrower's Choice |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PHP) | PHP 534,000 |
Portfolio (USD) | USD 12,775.12 |
Active Clients with Loans | 104 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | 18-69 y.o. |
Other (2) | CI/BI |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 35,000 |
Maximum loan size | 35,000 |
Shortest loan term | 16.0 months |
Longest loan term | 16.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.4 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 40,000 |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 14.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service charge | Notarial Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 60 |
Fixed amount - max | 480 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 90 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | |
---|---|
Loan Amount | INR 35,000 |
Loan Cycle (1, 2, 3, etc) | 4 |
Disbursement Date | 2010-06-18 |
Loan Term (Months) | 16.3 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 29.2% |
Insurance Component | 3.2% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 32.4% |
MFIN MFI Earning (Annualised) | 29.2% |
MFIN Cost to Borrower (Annualised) | 32.4% |
Transparency Index | 43 |
MFIN Transparency Index | N/A |
Original Repayment Schedule | |
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 12,000 | PHP 16,000 | PHP 30,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-01 | 2011-06-28 | 2011-07-30 | 2011-07-10 | |||
Loan Term (Months) | 6.1 months | 6.1 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 43.6% | 53.6% | 47.8% | 37.0% | |||
Insurance Component | 4.8% | 4.9% | 4.5% | 4.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 10.4% | 10.5% | 5.0% | 4.1% | |||
Full APR (int fee ins tax dep) | 58.8% | 69.0% | 57.3% | 45.5% | |||
Transparency Index | 61 | 52 | 63 | 79 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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