Please note that the information you are viewing is
172 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-10-25
Data version: 1
Age of data: 172 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.cashpor.in/ |
| Year established | 2002 |
| Head of Institution | Mukul Jaiswal |
| Regions active | |
| # Branches | 269 |
| Total Portfolio (nat'l) | INR 2,673,981,826 |
| Total Portfolio (USD) | USD 50,452,487.28 |
| Active clients with loans | 417,039 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
417,039 Borrowers
USD 50,452,487.28 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| Income Generating Loan |
|
INR 2,000 - 25,000 |
|
12 |
|
80% - 100% |
|
0% - 20% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training |
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| Income Generating Loan |
|
0 |
|
25.8% - 26% |
|
27.9% - 28.1% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| Income Generating Loan |
|
13.5% annual, Flat |
|
0 Fees |
|
1 Ins |
|
None |
|
N/A |
|
25.8% - 26% |
|
27.9% - 28.1% |
|
48 |
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
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 160,657,949.70 |
| Portfolio (USD) | USD 3,843,491.62 |
| Active Clients with Loans | 32,951 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other | |
Description
Self-help group lending program or trust bank - this program encourages borrowers to form groups in order to avail loans for income-generating projects.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Transformation Program |
| Other (2) | Environment Program |
| No other services | |
Eligibility
| 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 | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 50,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| 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 |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Service Fee | | Business Development Support Service |
| % of loan amount - min | 3.00% | | 0 |
| % of loan amount - max | 3.00% | | 0 |
| OR, Fixed amount - min | 0 | | 100 |
| Fixed amount - max | 0 | | 100 |
| Reason for variation | | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | ASKI MBA Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 300 |
| Fixed amount - max | 300 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Insurance Fees
| Ins 1 |
|---|
| Description | ASKI MBA Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 30 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
One-time membership fee of P3 and first week premium contribution of P3 for ASKI MBA Life Insurance charged on initial loan. Interest on CBU is computed based on the average daily balance and is directly credited to a client's account. Outreach based on April 211 data
Full Pricing Data
AKP - Alalay sa Kabuhayan Program (Group Loans) samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | PHP 8,000 | | PHP 15,000 | | PHP 30,000 |
| Loan Cycle (1, 2, 3, etc) | 2 | | 4 | | 1 |
| Disbursement Date | 2011-04-29 | | 2011-04-29 | | 2011-04-28 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 6.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | |
| Interest and Fee Component | 91.1% | | 88.2% | | 86.6% |
| Insurance Component | 35.8% | | 19.2% | | 9.6% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 10.0% | | 8.7% | | 7.0% |
| Full APR (int fee ins tax dep) | 137.0% | | 116.1% | | 103.3% |
| Transparency Index | 26 | | 31 | | 35 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
AKP - Alalay sa Kabuhayan Program (Group Loans) Price Graphs
