| Number borrowers | 3,843 |
| Loan Amount (range) | INR 20,000 - 50,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Credit Ins |
| Annual Interest & Method | 26.0% annual, Decl Bal |
| Fees | 200.00-400.00 upfront |
| Insurance | 200.00-400.00 upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 23.0% - 26.2% |
| Fee Component | 0.9% - 4.0% |
| Insurance Component | 0 - 2.0% |
| Tax Component Range | 0 - 0.5% |
| Full APR (int fee ins tax dep) | 27.5% - 28.1% |
| Transparency Index (min/max) | 75 - 95 |
| Transparency Index (average) | 93 |
| 18,350 |
| PHP 3,000 - 30,000 |
| 3 - 10 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program |
| 36.0% annual, Flat |
| 4.00% upfront |
| 300.00 upfront |
| None |
| 5.0% upfront 40.00 ongoing |
| N/A |
| 80.6% - 93.1% (Int+Fee) |
| 3.0% - 60.4% |
| 0 |
| 94.6% - 216.6% |
| 17 - 38 |
| 27 |
| Outstanding portfolio (INR) | INR 82,438,458 |
| Portfolio (USD) | USD 1,555,442.60 |
| Active Clients with Loans | 3,843 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0 |
| Individual | x |
| Solidarity group | |
| 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 | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| 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 | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Madhya Pradesh, Uttar Pradesh |
| Outstanding portfolio (PHP) | PHP 77,295,976 |
| Portfolio (USD) | USD 1,849,186.03 |
| Active Clients with Loans | 18,350 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| 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 | x |
| Business training | x |
| Other training | x |
| Other | Community Development Program |
| 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 20,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 30% |
| INR 25,000-35,000 | 40% |
| INR 35,000-45,000 | 20% |
| Greater than INR 45,000 | 20% |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 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 | 10% |
| Longer than 18 months | 90% |
| 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 | 30,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 10.0 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 | 26.00% |
| Highest quoted nominal interest | 26.00% |
| 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 | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 200 |
| Fixed amount - max | 400 |
| Reason for variation | Processing fee varies with the loan size |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 200 |
| Fixed amount - max | 400 |
| Reason for variation | Insurance premium amount varies with the loan size |
| 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 | 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 | 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? | No |
| Ins 1 | |
|---|---|
| Description | Accident and Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 300 |
| Fixed amount - max | 300 |
| 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 40 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 22,380 | INR 26,100 | INR 31,700 | INR 41,020 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-10 | 2013-02-04 | 2013-02-02 | 2013-03-10 | |||
| Loan Term (Months) | 24.0 months | 24.0 months | 25.0 months | 24.0 months | |||
| Grace Period (Months) | -0.1 months | 0.1 months | 0.2 months | -0.1 months | |||
| Total Cost of Credit | INR 6,819.98 | INR 7,989.98 | INR 9,679.97 | INR 12,539.96 | |||
| True Price by Comp | |||||||
| Interest price component | 26.1% | 25.7% | 25.6% | 26.0% | |||
| Fee Component | 0.9% | 0.9% | 0.9% | 0.9% | |||
| Insurance Component | 1.0% | 1.0% | 0.9% | 1.0% | |||
| Tax Component | 0.1% | 0.2% | 0.1% | 0.1% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 28.1% | 27.8% | 27.5% | 28.0% | |||
| MFIN MFI Earning (Annualised) | 27.0% | 26.6% | 26.5% | 26.9% | |||
| MFIN Cost to Borrower (Annualised) | 28.1% | 27.8% | 27.5% | 28.0% | |||
| Transparency Index | 92 | 94 | 94 | 93 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 14,000 | PHP 30,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-05-04 | 2011-05-19 | 2011-05-19 | 2011-02-09 | |||
| Loan Term (Months) | 4.7 months | 4.7 months | 4.7 months | 9.3 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 | 93.1% | 93.1% | 93.1% | 80.6% | |||
| Insurance Component | 60.4% | 21.5% | 12.1% | 3.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 63.2% | 22.2% | 15.7% | 11.0% | |||
| Full APR (int fee ins tax dep) | 216.6% | 136.8% | 120.9% | 94.6% | |||
| Transparency Index | 17 | 26 | 30 | 38 | |||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
