Number borrowers | 155 |
Loan Amount (range) | INR 5,000 - 12,000 |
Loan Term (range) | 16.8 - 18 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training, Financial Literacy Programs, Community Contact Programs |
Annual Interest & Method | 27.9% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | 150.00-250.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 31.0% (Int+Fee) |
Insurance Component | 2.8% - 6.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 34.2% - 37.4% |
Transparency Index (min/max) | 38 - 82 |
Transparency Index (average) | 79 |
206,618 |
PHP 3,000 - 15,000 |
6 |
Group Mtgs, Credit Ins, Business Training |
41.6% annual, Flat |
4.00% upfront |
75.00-744.00 upfront |
0.25% loan amt |
150.00 upfront 1,500.00 ongoing |
N/A |
71.0% - 87.1% (Int+Fee) |
7.9% - 9.5% |
1.0% - 2.0% |
97.0% - 157.2% |
26 - 48 |
36 |
Outstanding portfolio (INR) | INR 1,527,884 |
Portfolio (USD) | USD 28,828 |
Active Clients with Loans | 155 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Other | Financial Literacy Programs |
Other (2) | Community Contact Programs |
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 | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PHP) | PHP 883,407,050 |
Portfolio (USD) | USD 21,134,139.95 |
Active Clients with Loans | 206,618 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Co-makership of up to 2 co-makers |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 5,000 |
Maximum loan size | 12,000 |
Shortest loan term | 16.8 months |
Longest loan term | 18.0 months |
Approx average | 16.8 months |
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 usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 15,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 27.93% |
Highest quoted nominal interest | 27.93% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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 | 150 |
Fixed amount - max | 250 |
Reason for variation | N/A |
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? | No |
Lowest quoted nominal interest | 0.80% |
Highest quoted nominal interest | 0.80% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Weekly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service charge |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | MicroEnsure |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 75 |
Fixed amount - max | 744 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 150 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 1,500 |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 10,000 | INR 10,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 1 | |||
Disbursement Date | 2010-11-03 | 2010-10-30 | 2010-10-27 | 2010-11-03 | |||
Loan Term (Months) | 16.8 months | 16.8 months | 16.8 months | 16.8 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 | 31.0% | 31.0% | 31.0% | 31.0% | |||
Insurance Component | 6.4% | 3.3% | 3.3% | 3.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 37.4% | 34.3% | 34.3% | 34.2% | |||
MFIN MFI Earning (Annualised) | 31.0% | 31.0% | 31.0% | 31.0% | |||
MFIN Cost to Borrower (Annualised) | 37.4% | 34.3% | 34.3% | 34.2% | |||
Transparency Index | 75 | 81 | 81 | 82 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 7 | 13 | ||
Disbursement Date | 2011-06-30 | 2011-03-25 | 2011-04-25 | ||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 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 | 82.0% | 71.0% | 87.1% | ||
Insurance Component | 8.7% | 8.1% | 9.3% | ||
Tax Component | 1.1% | 1.0% | 1.2% | ||
Deposit Component | 65.3% | 16.9% | 10.2% | ||
Full APR (int fee ins tax dep) | 157.2% | 97.0% | 107.8% | ||
Transparency Index | 26 | 43 | 39 | ||
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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