Number borrowers | 26,973 |
Loan Amount (range) | INR 15,000 - 25,000 |
Loan Term (range) | 15 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0%-28.5% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 234.00-470.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.9% - 27.9% |
Fee Component | 1.0% - 1.6% |
Insurance Component | 2.1% - 2.7% |
Tax Component Range | 0.1% - 0.2% |
Full APR (int fee ins tax dep) | 29.0% - 31.6% |
Transparency Index (min/max) | 82 - 90 |
Transparency Index (average) | 86 |
5,185 |
PHP 500 - 1,000,000 |
1 - 36 |
Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
36.0% annual, Flat |
4.00% upfront 100.00 upfront |
1.50% upfront 20.00 ongoing |
None |
6.5% upfront 26.00 ongoing |
N/A |
69.9% - 88.7% (Int+Fee) |
2.2% - 83.9% |
0 |
83.2% - 122.6% |
15 - 136 |
37 |
Outstanding portfolio (INR) | INR 376,000,000 |
Portfolio (USD) | USD 7,094,339.62 |
Active Clients with Loans | 26,973 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
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 | x |
Must lives in urban area | x |
Other | Must be economically active |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Gujarat |
Outstanding portfolio (PHP) | PHP 91,512,080 |
Portfolio (USD) | USD 2,189,284.21 |
Active Clients with Loans | 5,185 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 15,000 |
Maximum loan size | 25,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 15.0 months |
Longest loan term | 24.0 months |
Approx average | DK |
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 | 40% |
Longer than 18 months | 60% |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | x |
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 | 1,000,000 |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 28.50% |
Reason(s) why interest rate varies | Time as Client, To comply with extant RBI guidelines on pricing |
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 | Service tax extra |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance (Credit Shield) Premium |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 234 |
Fixed amount - max | 470 |
Reason for variation | The premium is based on period of insurance coverage which can be either 18 or 26 months as well the coverage amount which can be between 18000 to 27000 |
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 | Some |
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 |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 20,000 | INR 21,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-02 | 2013-03-15 | 2012-11-07 | ||
Loan Term (Months) | 25.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.4 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | INR 5,943.25 | INR 7,107.72 | INR 6,867.96 | ||
True Price by Comp | |||||
Interest price component | 25.1% | 27.9% | 26.0% | ||
Fee Component | 1.1% | 1.0% | 1.0% | ||
Insurance Component | 2.7% | 2.5% | 2.4% | ||
Tax Component | 0.1% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.0% | 31.6% | 29.6% | ||
MFIN MFI Earning (Annualised) | 26.2% | 28.9% | 27.0% | ||
MFIN Cost to Borrower (Annualised) | 29.0% | 31.6% | 29.6% | ||
Transparency Index | 90 | 82 | 88 | ||
MFIN Transparency Index | 100 | 93 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 90,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-04-30 | 2011-07-14 | 2011-07-14 | 2011-01-27 | 2011-07-14 | 2011-02-17 | |||||
Loan Term (Months) | 6.0 months | 12.0 months | 4.0 months | 11.7 months | 12.0 months | 12.0 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 | 88.7% | 70.1% | 80.8% | 74.5% | 69.9% | 70.6% | |||||
Insurance Component | 19.6% | 8.3% | 10.8% | 9.5% | 4.2% | 3.9% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 14.3% | 10.7% | 9.8% | 12.7% | 9.3% | 8.6% | |||||
Full APR (int fee ins tax dep) | 122.6% | 89.1% | 101.5% | 96.7% | 83.4% | 83.2% | |||||
Transparency Index | 29 | 40 | 35 | 37 | 43 | 43 | |||||
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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