2. Pragathi
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
  2. CBI
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

Pragathi MAC Credit & Marketing Federation Ltd. #2-6-45/2, Sri Shanthi Nagar Colony, Road No. 2Circuit House Road, HanamkondaWarangal, Andhra Pradesh506001
Data approved: 2010-11-15
Data version: 1
Age of data: 172 months

Institution

Cantilan Bank, Inc. (A Rural Bank) Orozco St., Brgy. MagosilomCantilan, Surigao del Sur8317
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

Housing Loan Product 5 of 6 « Prev | Next »

Product

HOME - Housing Microfinance for Entrepeneurs Product 1 of 5 « Prev | Next »

Product Summary

Number borrowers2,004
Loan Amount (range)INR 10,000 - 50,000
Loan Term (range)15 - 30
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training
Annual Interest & Method9.0% annual, Flat
Fees2.00% upfront
Insurance1.00% upfront
TaxNone
Comp Dep10.0% upfront 100.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component25.6% - 25.7% (Int+Fee)
Insurance Component1.4% - 1.7%
Tax Component Range0
Full APR (int fee ins tax dep)33.2% - 36.1%
Transparency Index (min/max)25 - 47
Transparency Index (average)26

Product Summary

393
PHP 7,000 - 150,000
6 - 12
Credit Ins, Business Training
36.0% annual, Flat
200.00-0.00 upfront
0.40% upfront
0.50% loan amt
100.00 upfront
 
N/A
63.0% - 71.3% (Int+Fee)
0.6% - 5.1%
0 - 5.2%
65.1% - 75.0%
21 - 55
51

Product Details

Key Statistics
Outstanding portfolio (INR)INR 18,492,854
Portfolio (USD)USD 348,921.77
Active Clients with Loans2,004
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for members who own land and have a salaried income.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 6,390,000
Portfolio (USD)USD 152,870.81
Active Clients with Loans393
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
A loan product intended to finance the micro entrepreneurs' needs such as: house renovation and extension, installation of water and electrical facilities, and other home improvement necessities.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term30.0 months
Approx average20.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 7,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest9.00%
Highest quoted nominal interest9.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedINR 100
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min0
% of loan amount - max1.00%
OR, Fixed amount - min200
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Doc. Stamps: (Loan Amount/2)x (no. of days/36)

Full Pricing Data

Housing Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)122
Disbursement Date2010-04-122010-06-102010-05-15
Loan Term (Months)15.0 months15.0 months15.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component25.6%25.6%25.7%
Insurance Component1.7%1.7%1.7%
Tax Component0.0%0.0%0.0%
Deposit Component8.8%6.6%5.9%
Full APR (int fee ins tax dep)36.1%33.9%33.2%
MFIN MFI Earning (Annualised)25.6%25.6%25.7%
MFIN Cost to Borrower (Annualised)36.1%33.9%33.2%
Transparency Index252727
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

HOME - Housing Microfinance for Entrepeneurs samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 15,000PHP 30,000PHP 60,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-07-292010-12-082010-12-072011-07-062011-06-172011-07-18
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component71.3%68.4%67.2%65.3%63.0%71.1%
Insurance Component1.0%0.9%0.9%0.9%0.9%1.0%
Tax Component1.2%1.2%1.2%1.1%1.1%1.3%
Deposit Component1.5%0.8%0.4%0.2%0.1%0.1%
Full APR (int fee ins tax dep)75.0%71.3%69.7%67.5%65.1%73.4%
Transparency Index485052535549
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Housing Loan Price Graphs


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HOME - Housing Microfinance for Entrepeneurs Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
Greater than:
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Total Borrrowers of Samples
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Std Dev
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By Country

Total Borrowers of Samples

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