| Number borrowers | 49,025 |
| Loan Amount (range) | INR 5,000 - 25,000 |
| Loan Term (range) | 12 |
| Other Services (text summary) | Group Mtgs, Tech Asst Visits, Business Training |
| Annual Interest & Method | 15.0% annual, Flat |
| Fees | 30.00 upfront |
| Insurance | 25.00 upfront |
| Tax | None |
| Comp Dep | 15.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 28.8% - 29.2% (Int+Fee) |
| Insurance Component | 0.3% - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 39.4% - 40.7% |
| Transparency Index (min/max) | 35 - 38 |
| Transparency Index (average) | 37 |
| 245,017 |
| PHP 4,000 - 20,000 |
| 6 |
| Group Mtgs |
| 40.0% annual, Flat |
| 1.50% upfront |
| 196.00-206.00 upfront |
| None |
| 5.0% upfront 40.00 ongoing |
| N/A |
| 85.7% - 93.8% (Int+Fee) |
| 6.3% - 14.5% |
| 0 |
| 107.7% - 135.2% |
| 30 - 37 |
| 33 |
| Outstanding portfolio (INR) | INR 238,600,000 |
| Portfolio (USD) | USD 4,501,886.79 |
| Active Clients with Loans | 49,025 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| 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 631,134,086 |
| Portfolio (USD) | USD 15,098,901.58 |
| Active Clients with Loans | 245,017 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Solidarity group between 30 to 40 individuals. |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 25,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 10% |
| Average grace period | 0.5 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 4,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Documentation Charge |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 30 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 25 |
| Fixed amount - max | 25 |
| 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 | 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 - 15.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 3.33% |
| Highest quoted nominal interest | 3.33% |
| Interest rate period | Monthly |
| 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 | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Microinsurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 196 |
| Fixed amount - max | 206 |
| 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? | Yes |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 40 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 6,000 | INR 10,000 | INR 19,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-06-24 | 2010-06-24 | 2010-05-27 | ||
| Loan Term (Months) | 11.7 months | 11.7 months | 11.7 months | ||
| Grace Period (Months) | 1.0 month | 1.0 month | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 29.2% | 28.8% | 28.8% | ||
| Insurance Component | 0.9% | 0.5% | 0.3% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 10.6% | 10.4% | 10.3% | ||
| Full APR (int fee ins tax dep) | 40.7% | 39.7% | 39.4% | ||
| MFIN MFI Earning (Annualised) | 29.2% | 28.8% | 28.8% | ||
| MFIN Cost to Borrower (Annualised) | 40.7% | 39.7% | 39.4% | ||
| Transparency Index | 37 | 38 | 38 | ||
| MFIN Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 7,000 | PHP 7,000 | PHP 13,000 | PHP 16,000 | |||
| Loan Cycle (1, 2, 3, etc) | 6 | Not Known | 6 | 6 | |||
| Disbursement Date | 2011-08-05 | 2011-09-01 | 2011-08-05 | 2011-09-01 | |||
| Loan Term (Months) | 5.6 months | 6.0 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 | 85.7% | 93.8% | 85.7% | 93.8% | |||
| Insurance Component | 13.1% | 14.5% | 7.0% | 6.3% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 22.5% | 26.9% | 15.0% | 15.9% | |||
| Full APR (int fee ins tax dep) | 121.3% | 135.2% | 107.7% | 116.0% | |||
| Transparency Index | 33 | 30 | 37 | 34 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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