| Number borrowers | 355,974 |
| Loan Amount (range) | INR 8,000 - 25,000 |
| Loan Term (range) | 15 - 26 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Education, Financial Literacy Training. , Group Meeting |
| Annual Interest & Method | 24.0%-26.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 1.10%-2.20% upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 22.3% - 27.9% |
| Fee Component | 0 - 1.8% |
| Insurance Component | 0 - 2.6% |
| Tax Component Range | 0 - 0.3% |
| Full APR (int fee ins tax dep) | 29.6% - 32.3% |
| Transparency Index (min/max) | 74 - 99 |
| Transparency Index (average) | 79 |
| 14,000 |
| PHP 5,000 - 14,000 |
| 3 - 6 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
| 30.0% annual, Flat |
| None |
| None |
| None |
| 50.00 ongoing |
| N/A |
| 62.5% - 64.1% (Int+Fee) |
| 0 - 22.1% |
| 0 |
| 67.0% - 71.2% |
| 26 - 46 |
| 43 |
| Outstanding portfolio (INR) | INR 3,861,993,634 |
| Portfolio (USD) | USD 72,867,804.42 |
| Active Clients with Loans | 355,974 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | Joint liability group of 5 members |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Credit Education, Financial Literacy Training. |
| Other (2) | Group Meeting |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| 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 | |
| Must live in rural area | x |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | 8 |
| # Regions for this product | 5 |
| Regions Active | Bihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand, National Capital Territory of Delhi |
| Outstanding portfolio (PHP) | PHP 65,000,000 |
| Portfolio (USD) | USD 1,555,023.92 |
| Active Clients with Loans | 14,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| 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 | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| 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 8,000 |
| Maximum loan size | 25,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 70% |
| INR 15,000-25,000 | 30% |
| 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 | 26.0 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 | 70% |
| Longer than 18 months | 30% |
| 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 5,000 |
| Maximum loan size | 14,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 0 |
| 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 | 24.00% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | Client Risk |
| 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 | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Protection Fund |
| % of loan amount - min | 1.10% |
| % of loan amount - max | 2.20% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Depends on loan amount, tenor and loan cycle |
| Appears on Repayment Sched? | No |
| 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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 8,000 | INR 12,000 | INR 18,000 | INR 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-25 | 2013-02-06 | 2013-02-21 | 2013-02-26 | |||
| Loan Term (Months) | 14.0 months | 14.0 months | 24.0 months | 24.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | INR 1,509.90 | INR 2,395.83 | INR 5,820.25 | INR 6,468.72 | |||
| True Price by Comp | |||||||
| Interest price component | 25.8% | 27.9% | 25.9% | 25.9% | |||
| Fee Component | 1.8% | 1.7% | 1.0% | 1.0% | |||
| Insurance Component | 2.3% | 2.5% | 2.5% | 2.6% | |||
| Tax Component | 0.3% | 0.2% | 0.2% | 0.1% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.2% | 32.3% | 29.6% | 29.6% | |||
| MFIN MFI Earning (Annualised) | 27.6% | 29.6% | 26.9% | 26.9% | |||
| MFIN Cost to Borrower (Annualised) | 30.2% | 32.3% | 29.6% | 29.6% | |||
| Transparency Index | 80 | 74 | 81 | 81 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 7,000 | PHP 8,000 | PHP 11,000 | PHP 14,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 3 | 11 | 12 | |||
| Disbursement Date | 2011-07-21 | 2011-07-14 | 2011-07-07 | 2011-06-16 | |||
| Loan Term (Months) | 5.4 months | 5.4 months | 5.4 months | 5.4 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 | 62.5% | 64.1% | 62.5% | 63.2% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 7.8% | 7.1% | 4.7% | 3.8% | |||
| Full APR (int fee ins tax dep) | 70.3% | 71.2% | 67.2% | 67.0% | |||
| Transparency Index | 43 | 42 | 45 | 45 | |||
| 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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