Number borrowers | 5,072 |
Loan Amount (range) | INR 8,000 - 75,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 30.0% annual, Decl Bal |
Fees | 2.00%-3.00% upfront |
Insurance | 37.36-350.25 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.8% - 29.9% |
Fee Component | 1.0% - 5.3% |
Insurance Component | 0.8% - 1.3% |
Tax Component Range | 0.1% - 0.7% |
Full APR (int fee ins tax dep) | 32.8% - 37.0% |
Transparency Index (min/max) | 81 - 93 |
Transparency Index (average) | 85 |
722 |
PHP 1,000 - 10,000 |
5 |
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
24.0% annual, Flat |
3.00% upfront |
2.00% upfront 20.00 ongoing |
None |
5.0% upfront 10.00 ongoing |
N/A |
64.1% - 72.7% (Int+Fee) |
6.4% - 75.9% |
0 |
82.2% - 96.0% |
15 - 34 |
28 |
Outstanding portfolio (INR) | INR 73,776,249 |
Portfolio (USD) | USD 1,392,004.70 |
Active Clients with Loans | 5,072 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
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 | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | x |
Other | The client must be the owner of the business. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Outstanding portfolio (PHP) | PHP 2,112,654 |
Portfolio (USD) | USD 50,541.96 |
Active Clients with Loans | 722 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other | Modified Grameen |
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 | 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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | Member for > 6 months |
Other (2) | At least on the 2nd cycle of regular loan |
# 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 | 75,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 10% |
INR 15,000-25,000 | 40% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 15% |
Greater than INR 45,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 7.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 1,000 |
Maximum loan size | 10,000 |
Shortest loan term | 5.0 months |
Longest loan term | 5.0 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 | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Product classified as non-qualifying asset. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 37.36 |
Fixed amount - max | 350.25 |
Reason for variation | Rs 4.67 for every Rs 1000 for a year. |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
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 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 |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
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 10 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,500 | INR 35,000 | INR 50,000 | INR 62,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-10-15 | 2012-11-27 | 2012-11-17 | 2012-11-28 | 2012-11-29 | ||||
Loan Term (Months) | 12.0 months | 13.0 months | 12.0 months | 12.0 months | 8.0 months | ||||
Grace Period (Months) | 0.1 months | 0.7 months | -0.1 months | 0.3 months | 0.3 months | ||||
Total Cost of Credit | INR 1,986.42 | INR 4,155.84 | INR 6,827.97 | INR 10,181.10 | INR 9,364.39 | ||||
True Price by Comp | |||||||||
Interest price component | 29.9% | 28.1% | 29.8% | 29.5% | 29.7% | ||||
Fee Component | 4.0% | 3.4% | 3.9% | 3.8% | 5.3% | ||||
Insurance Component | 0.9% | 0.9% | 1.0% | 0.9% | 1.3% | ||||
Tax Component | 0.5% | 0.4% | 0.5% | 0.5% | 0.7% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
MFIN MFI Earning (Annualised) | 33.9% | 31.5% | 33.7% | 33.3% | 35.0% | ||||
MFIN Cost to Borrower (Annualised) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
Transparency Index | 85 | 91 | 85 | 86 | 81 | ||||
MFIN Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 3,000 | PHP 7,000 | PHP 7,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-07-14 | 2011-06-07 | 2011-06-01 | 2011-06-01 | |||
Loan Term (Months) | 4.0 months | 5.0 months | 5.0 months | 5.0 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 | 72.7% | 65.0% | 65.0% | 64.1% | |||
Insurance Component | 14.5% | 11.1% | 11.1% | 10.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.8% | 7.4% | 7.4% | 7.2% | |||
Full APR (int fee ins tax dep) | 96.0% | 83.5% | 83.5% | 82.2% | |||
Transparency Index | 25 | 29 | 29 | 29 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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