Number borrowers | 117,606 |
Loan Amount (range) | INR 12,000 - 30,000 |
Loan Term (range) | 13 - 25 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 25.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 63.00-236.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.7% - 26.4% |
Fee Component | 1.0% - 1.8% |
Insurance Component | 0.6% - 1.1% |
Tax Component Range | 0.2% - 0.4% |
Full APR (int fee ins tax dep) | 26.7% - 29.0% |
Transparency Index (min/max) | 84 - 94 |
Transparency Index (average) | 91 |
12,767 |
PHP 500 - 150,000 |
3 - 18 |
Credit Educ, Credit Ins |
30.0% annual, Flat |
4.00% upfront 100.00 upfront |
1.50% upfront 20.00 ongoing |
None |
6.5% upfront 26.00 ongoing |
N/A |
55.1% - 79.9% (Int+Fee) |
2.2% - 83.9% |
0 |
66.2% - 175.4% |
15 - 136 |
32 |
Outstanding portfolio (INR) | INR 1,213,447,806 |
Portfolio (USD) | USD 22,895,241.62 |
Active Clients with Loans | 117,606 |
Approximate % Female Clients | 100% |
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 | x |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | Must be a Member of an SHG |
Other (2) | Must be in the age group of 18 to 60 years. |
# Regions for this institution | 3 |
# Regions for this product | 4 |
Regions Active | Karnataka, Madhya Pradesh, Tamil Nadu, Puducherry |
Outstanding portfolio (PHP) | PHP 66,101,330.58 |
Portfolio (USD) | USD 1,581,371.55 |
Active Clients with Loans | 12,767 |
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 | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be Coop member |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 12,000 |
Maximum loan size | 30,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 60% |
INR 15,000-25,000 | 30% |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 13.0 months |
Longest loan term | 25.0 months |
Approx average | 19.0 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 | 50% |
Longer than 18 months | 50% |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 500 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
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 | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N / A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 63 |
Fixed amount - max | 236 |
Reason for variation | Insurance Premium varies depending on loan size & term. |
Appears on Repayment Sched? | Yes |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | All |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
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 Fee | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 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 | Credit Insurance |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | MBA, Life and Retirement Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
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 | 6.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 26 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
MFIN MFI Earning (Annualised) |
MFIN Cost to Borrower (Annualised) |
Transparency Index |
MFIN Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
|||||||||||||
INR 24,000 | Real | 2014-08-28 | 24.7 months | 0.0 months | INR 7,150.83 | 27.7% | 25.3% | 1.1% | 1.0% | 0.3% | 0.0% | 26.4% | 27.7% | 88 | 99 | ||
INR 24,000 | Generated | 2015-03-01 | 24.0 months | N/A | INR 7,474.28 | 27.0% | 24.7% | 1.0% | 1.0% | 0.3% | 0.0% | 25.7% | 27.0% | 93 | 100 | - | |
INR 15,000 | Real | 2014-08-28 | 15.8 months | 0.9 months | INR 2,995.33 | 29.0% | 26.4% | 1.6% | 0.7% | 0.3% | 0.0% | 28.0% | 29.0% | 84 | 95 | ||
INR 15,000 | Generated | 2015-03-01 | 15.0 months | N/A | INR 2,993.18 | 27.1% | 24.7% | 1.5% | 0.6% | 0.3% | 0.0% | 26.2% | 27.1% | 92 | 100 | - | |
INR 12,000 | Generated | 2015-03-01 | 16.0 months | N/A | INR 2,545.87 | 27.2% | 24.7% | 1.4% | 0.8% | 0.3% | 0.0% | 26.1% | 27.2% | 92 | 100 | - | |
INR 12,000 | Generated | 2015-03-01 | 16.0 months | N/A | INR 2,545.87 | 27.2% | 24.7% | 1.4% | 0.8% | 0.3% | 0.0% | 26.1% | 27.2% | 92 | 100 | - | |
INR 15,000 | Generated | 2015-03-01 | 16.0 months | N/A | INR 3,164.65 | 27.0% | 24.7% | 1.4% | 0.6% | 0.3% | 0.0% | 26.1% | 27.0% | 93 | 100 | - | |
INR 24,000 | Generated | 2015-03-01 | 24.9 months | N/A | INR 7,762.07 | 26.9% | 24.7% | 1.0% | 1.0% | 0.2% | 0.0% | 25.7% | 26.9% | 93 | 100 | - | |
INR 30,000 | Generated | 2015-03-01 | 24.9 months | N/A | INR 9,636.30 | 26.7% | 24.7% | 1.0% | 0.8% | 0.2% | 0.0% | 25.7% | 26.7% | 94 | 100 | - | |
INR 30,000 | Generated | 2015-03-01 | 24.9 months | N/A | INR 9,636.30 | 26.7% | 24.7% | 1.0% | 0.8% | 0.2% | 0.0% | 25.7% | 26.7% | 94 | 100 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 14,500 | PHP 30,000 | PHP 70,000 | PHP 80,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-06-10 | 2011-05-11 | 2011-05-18 | 2011-04-28 | 2010-10-30 | 2011-05-20 | |||||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 11.7 months | 17.5 months | 23.3 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 79.9% | 71.3% | 69.8% | 62.3% | 62.0% | 55.1% | |||||
Insurance Component | 58.4% | 28.1% | 17.2% | 9.1% | 5.1% | 3.8% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 37.2% | 17.7% | 13.0% | 10.6% | 9.1% | 7.4% | |||||
Full APR (int fee ins tax dep) | 175.4% | 117.2% | 99.9% | 82.0% | 76.1% | 66.2% | |||||
Transparency Index | 17 | 26 | 30 | 37 | 39 | 45 | |||||
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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By Country | ||||||
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