| Number borrowers | 298 |
| Loan Amount (range) | INR 5,000 - 20,000 |
| Loan Term (range) | 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 18.0% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 50.00-200.00 upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 18.7% - 34.8% (Int+Fee) |
| Insurance Component | 1.4% - 4.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 22.5% - 43.6% |
| Transparency Index (min/max) | 33 - 80 |
| Transparency Index (average) | 54 |
| 123 |
| PHP 5,000 - 50,000 |
| 4 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Formation |
| 36.0% annual, Flat |
| 3.00% upfront |
| 2.00% upfront |
| None |
| 5.0% upfront 200.00 ongoing |
| N/A |
| 44.6% - 46.2% (Int+Fee) |
| 6.5% - 39.0% |
| 0 |
| 55.0% - 56.5% |
| 21 - 65 |
| 64 |
| Outstanding portfolio (INR) | INR 2,937,000 |
| Portfolio (USD) | USD 55,415.09 |
| Active Clients with Loans | 298 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Livestock Purchase |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | She should have experince of keeping Buffalow , cow and goat. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Madhya Pradesh, Uttar Pradesh |
| Outstanding portfolio (PHP) | PHP 1,066,985.45 |
| Portfolio (USD) | USD 25,525.97 |
| Active Clients with Loans | 123 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| 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 | Purchase of farm inputs |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Values Formation |
| 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 | Engaged in farming activities |
| 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 | 20,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 4.0 months |
| Approx average | 4.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| 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? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 200 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Some |
| Criteria | If loan amount is greater than 5000 Rs than security deposit is compulsary. |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 3.50% |
| Maximum interest rate paid | 3.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| 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 | |
|---|---|
| Description | Loan Service Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| 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 | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 3 | ||
| Disbursement Date | 2010-05-21 | 2010-06-18 | 2010-05-07 | ||
| 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 | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 18.7% | 34.8% | 33.5% | ||
| Insurance Component | 3.8% | 2.0% | 1.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 6.8% | 6.5% | ||
| Full APR (int fee ins tax dep) | 22.5% | 43.6% | 41.9% | ||
| MFIN MFI Earning (Annualised) | 18.7% | 34.8% | 33.5% | ||
| MFIN Cost to Borrower (Annualised) | 22.5% | 43.6% | 41.9% | ||
| Transparency Index | 80 | 41 | 43 | ||
| MFIN Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 14,000 | PHP 15,000 | PHP 28,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | 20 | 6 | ||
| Disbursement Date | 2011-03-17 | 2011-02-18 | 2011-02-01 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 4.0 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 | 44.6% | 45.8% | 46.2% | ||
| Insurance Component | 6.6% | 6.8% | 6.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.7% | 3.8% | 3.3% | ||
| Full APR (int fee ins tax dep) | 55.0% | 56.5% | 56.4% | ||
| Transparency Index | 65 | 64 | 64 | ||
| 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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