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 |
2,402 |
PHP 20,000 - 35,000 |
3 - 5 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
36.0% annual, Flat |
None |
1.11%-7.78% upfront 2.50% upfront |
None |
5.0% upfront 200.00 ongoing |
N/A |
26.6% - 32.1% (Int+Fee) |
0 - 13.8% |
0 |
42.7% - 48.5% |
32 - 95 |
80 |
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 60,821,762.73 |
Portfolio (USD) | USD 1,455,066.09 |
Active Clients with Loans | 2,402 |
Approximate % Female Clients | 0% - 20% |
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 | x |
Education | |
Other household finance | |
Other | Rice Farmers |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
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 | Land tenants with at least 5 years of farming experience |
Other (2) | Has access to irrigation |
# 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 20,000 |
Maximum loan size | 35,000 |
Shortest loan term | 3.0 months |
Longest loan term | 5.0 months |
Approx average | 4.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
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 |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | PCIC Crop Insurance | Credit-Life Insurance | |
% of loan amount - min | 1.11% | 2.50% | |
% of loan amount - max | 7.78% | 2.50% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 200 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Monthly |
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 | |||
---|---|---|---|---|---|
Loan Amount | PHP 30,000 | PHP 30,000 | PHP 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-12-07 | 2010-11-18 | 2010-12-08 | ||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 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 | 26.6% | 32.1% | 27.9% | ||
Insurance Component | 13.7% | 13.8% | 13.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 2.4% | 2.7% | 2.4% | ||
Full APR (int fee ins tax dep) | 42.7% | 48.5% | 44.1% | ||
Transparency Index | 84 | 74 | 82 | ||
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 |
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