2. Asmitha
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. DSPI
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Asmitha Microfin Limited 1-2-58, Plot No. 1-3N Block, Kakatiya Nagar, HabsigudaHyderabad, Andhra pradeshPO Box 500 007
Data approved: 2013-04-02
Data version: 2
Age of data: 140 months
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Institution

Daan sa Pag-Unlad, Inc. 17 Gallardo St.CataningBalanga City, Bataan2100
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

Joint Laibility Group Loan (JLG Loan) Product 1 of 2 « Prev | Next »

Product

Group Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers1,114,873
Loan Amount (range)INR 14,999 - 35,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, National Pension Scheme collabaration with LIC.
Annual Interest & Method24.0%-26.0% annual, Decl Bal
Fees1.00% upfront
Insurance1.00%-1.05% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.7% - 26.0%
Fee Component1.1% - 2.1%
Insurance Component2.1% - 2.3%
Tax Component Range0.1% - 0.3%
Full APR (int fee ins tax dep)29.3% - 30.5%
Transparency Index (min/max)79 - 82
Transparency Index (average)80

Product Summary

58,881
PHP 5,000 - 50,000
6
Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Formation Program, Provision of Social Services (medical mission, etc.)
32.0% annual, Flat
4.00% upfront 10.00% ongoing
185.00 upfront
None
5.0% upfront 50.00 ongoing
 
N/A
83.1% (Int+Fee)
1.1% - 29.7%
0
101.0% - 122.1%
23 - 61
29

Product Details

Key Statistics
Outstanding portfolio (INR)INR 11,546,957,921
Portfolio (USD)USD 217,867,130.60
Active Clients with Loans1,114,873
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Joint Liability Group loans are provided to poor women individually for income genarating activities. Repayments are ensured by the group of 5 members identified by themselves.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other trainingx
OtherNational Pension Scheme collabaration with LIC.
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution14
# Regions for this product14
Regions ActiveAndhra Pradesh, Bihar, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 146,251,900
Portfolio (USD)USD 3,498,849.28
Active Clients with Loans58,881
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credit extended to members for income-generating activities, using group lending methodology.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherFormation Program
Other (2)Provision of Social Services (medical mission, etc.)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 14,999
Maximum loan size35,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00080%
INR 15,000-25,0005%
INR 25,000-35,00015%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months20%
Grace Period
Grace period usage100%
Average grace period1 Week
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesBranch, 24% applied in AP. In other states, 26% p.a. is applied.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min1.00%
% of loan amount - max1.05%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% on a 1 year loan & 1.05% on 2 year loans.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionLoan Liquidity Fund
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionCredit-Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min185
Fixed amount - max185
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
CBU withdrawals allowed as long as within the 3% maintaining balance.Weekly CBU deposit is based on the loan amount (P5-3) Interest on savings is computed upon resignation. Member has option to insure family members. P1 is collected as Pondong Damayan Fee to be used in case a member dies. Collections are made only when fund is used up.

Full Pricing Data

Joint Laibility Group Loan (JLG Loan) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 15,000INR 25,000INR 30,000INR 35,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-302012-11-282012-11-282012-12-11
Loan Term (Months)12.0 months25.0 months24.0 months25.0 months
Grace Period (Months)0.2 months0.3 months0.2 months0.2 months
Total Cost of CreditINR 2,360INR 8,100INR 9,551INR 11,256
True Price by Comp       
Interest price component26.0%26.0%25.7%26.0%
Fee Component2.1%1.1%1.1%1.1%
Insurance Component2.1%2.3%2.3%2.3%
Tax Component0.3%0.1%0.2%0.1%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.5%29.5%29.3%29.5%
MFIN MFI Earning (Annualised)28.1%27.1%26.8%27.1%
MFIN Cost to Borrower (Annualised)30.5%29.5%29.3%29.5%
Transparency Index79818281
MFIN Transparency Index92929392
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountPHP 7,000PHP 15,000PHP 30,000
Loan Cycle (1, 2, 3, etc)333
Disbursement Date2011-06-152011-06-172011-06-17
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component83.1%83.1%83.1%
Insurance Component11.6%5.4%2.7%
Tax Component0.0%0.0%0.0%
Deposit Component27.4%20.1%15.2%
Full APR (int fee ins tax dep)122.1%108.5%101.0%
Transparency Index262932
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Joint Laibility Group Loan (JLG Loan) Price Graphs


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Key Statistics
# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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