Please note that the information you are viewing is
142 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: 2013-05-14
Data version: 3
Age of data: 142 months
Key Statistics
Outstanding portfolio (INR) | INR 49,330,183 |
Portfolio (USD) | USD 930,758.17 |
Active Clients with Loans | 11,223 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
It is a product in Social welfare category. The product is offered for taking water connection.
Loan Purpose
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | For taking water connection |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
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) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Karnataka, Maharashtra, Tamil Nadu |
Loan Conditions
Loan Amount
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 5,000 |
Distribution at Disbursement (Est.)
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 12.1 months |
Longest loan term | 24.2 months |
Approx average | 12.1 months |
Distribution at Disbursement (Est.)
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 | 100% |
Longer than 18 months | 0 |
Grace Period
Grace period usage | 100% |
Average grace period | 0.2 months |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| 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 |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Insurance Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 26 |
Fixed amount - max | 77 |
Reason for variation | Premium For Member (In case the member has no spouse or if spouse is not eligible for coverage, only member should be covered under the scheme)-Rs 26, Premium for member and spouse-Rs 77 |
Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
Deposit BEFORE or AT Disbursement
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Additional Comments
Moratorium Period (Repayment Holiday) - one installment for principal only
Full Pricing Data
Water Connection Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | INR 5,000 | | INR 5,000 | | INR 5,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2013-04-19 | | 2013-04-19 | | 2013-04-25 |
Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | INR 722.18 | | INR 722.18 | | INR 722.18 |
True Price by Comp | | | | | |
Interest price component | 22.1% | | 22.1% | | 22.1% |
Fee Component | 2.1% | | 2.1% | | 2.1% |
Insurance Component | 3.2% | | 3.2% | | 3.2% |
Tax Component | 0.2% | | 0.2% | | 0.2% |
Deposit Component | 0.0% | | 0.0% | | 0.0% |
Full APR (int fee ins tax dep) | 27.6% | | 27.6% | | 27.6% |
MFIN MFI Earning (Annualised) | 24.2% | | 24.2% | | 24.2% |
MFIN Cost to Borrower (Annualised) | 27.6% | | 27.6% | | 27.6% |
Transparency Index | 80 | | 80 | | 80 |
MFIN Transparency Index | 100 | | 100 | | 100 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
* The APR stated here is an MFTransparency term, definition and formula
Water Connection Loan Price Graphs
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
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1986 |
Head of Institution | Angelo B. Solarte - OIC |
Regions active | |
# Branches | 99 |
Total Portfolio (nat'l) | PhP 1,052,841,254 |
Total Portfolio (USD) | USD 25,187,589.81 |
Active clients with loans | 212,959 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Opportunity International Network, Alliance for Philippine Partners in Enterprise Development (APPEND), Microfinance Council of the Philippines, Inc. (MCPI), Visayas Association of Microfinance Institutions |
Funders | OIKOCredit, Symbiotics SA, People's Credit and Finance Corporation (PCFC), National Livelihood Development Corporation (NLDC) |
6,341 Borrowers
USD 4,053,449.86 Portfolio
Active Product
206,618 Borrowers
USD 21,134,139.95 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
OKEY |
|
PHP 10,000 - 50,000 |
|
3 - 6 |
|
60% - 80% |
|
40% - 60% |
|
Business, Other |
|
Women, Men, Have business |
|
Credit Ins, Business Training, Other Training |
PKK |
|
PHP 3,000 - 15,000 |
|
6 |
|
80% - 100% |
|
20% - 40% |
|
Business, Other |
|
Women, Have business |
|
Group Mtgs, Credit Ins, Business Training |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
OKEY |
|
30.0% annual, Flat |
|
2 Fees |
|
1 Ins |
|
0.25% loan amt |
|
10.00% ongoing |
|
49.2% - 61.2% |
|
63% - 79% |
|
42 |
PKK |
|
41.6% annual, Flat |
|
1 Fee |
|
1 Ins |
|
0.25% loan amt |
|
150.00 upfront 1,500.00 ongoing |
|
71% - 87.1% |
|
97% - 157.2% |
|
36 |