Number borrowers | 5,485 |
Loan Amount (range) | INR 11,000 - 11,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 63.00 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) | 28.0% |
Transparency Index (min/max) | 84 - 94 |
Transparency Index (average) | 89 |
6,341 |
PHP 10,000 - 50,000 |
3 - 6 |
Credit Ins, Business Training, Other Training |
30.0% annual, Flat |
100.00 upfront 4.00% upfront |
75.00-469.00 upfront |
0.25% loan amt |
10.00% ongoing |
N/A |
49.2% - 61.2% (Int+Fee) |
7.9% - 9.5% |
1.0% - 2.0% |
63.0% - 79.0% |
26 - 48 |
42 |
Outstanding portfolio (INR) | INR 55,670,000 |
Portfolio (USD) | USD 1,050,377.36 |
Active Clients with Loans | 5,485 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Karnataka, Tamil Nadu, Puducherry |
Outstanding portfolio (PHP) | PHP 169,434,204 |
Portfolio (USD) | USD 4,053,449.86 |
Active Clients with Loans | 6,341 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
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 11,000 |
Maximum loan size | 11,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
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 | 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 10,000 |
Maximum loan size | 50,000 |
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 | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
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 | 63 |
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 | Notarial Fee | Service Charge | |
% of loan amount - min | 0 | 4.00% | |
% of loan amount - max | 0 | 4.00% | |
OR, Fixed amount - min | 100 | 0 | |
Fixed amount - max | 100 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | MicroEnsure |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 75 |
Fixed amount - max | 469 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
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 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - | |
INR 11,000 | Generated | 2015-03-01 | 12.0 months | N/A | INR 1,795.75 | 28.0% | 24.7% | 1.8% | 1.1% | 0.4% | 0.0% | 26.5% | 28.0% | 89 | 100 | - |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 15,000 | PHP 30,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 3 | 1 | 3 | 1 | |||
Disbursement Date | 2011-05-31 | 2011-06-27 | 2011-06-30 | 2011-07-29 | |||
Loan Term (Months) | 3.0 months | 3.0 months | 3.0 months | 3.0 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 | 61.2% | 59.9% | 49.2% | 52.9% | |||
Insurance Component | 9.5% | 9.3% | 7.9% | 8.5% | |||
Tax Component | 2.0% | 2.0% | 1.7% | 1.8% | |||
Deposit Component | 6.4% | 6.1% | 4.3% | 5.0% | |||
Full APR (int fee ins tax dep) | 79.0% | 77.2% | 63.0% | 68.2% | |||
Transparency Index | 38 | 39 | 48 | 44 | |||
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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