Number borrowers | 391 |
Loan Amount (range) | INR 2,000 - 5,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 9.34-23.35 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) | 28.8% - 29.2% |
Transparency Index (min/max) | 81 - 93 |
Transparency Index (average) | 89 |
2,674 |
PHP 5,000 - 150,000 |
2 - 12 |
Credit Ins |
24.0% annual, Flat |
100.00-150.00 upfront 2.00% upfront |
7.00% upfront |
0.50% loan amt |
2.0%-20.0% upfront 10.00% ongoing |
N/A |
55.0% - 64.7% (Int+Fee) |
0 - 1.9% |
1.0% - 1.1% |
63.1% - 76.4% |
31 - 44 |
35 |
Outstanding portfolio (INR) | INR 26,971,403 |
Portfolio (USD) | USD 508,894.40 |
Active Clients with Loans | 391 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 100% |
Individual | |
Solidarity group | x |
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 | |
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 | x |
Must live in rural area | |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Outstanding portfolio (PHP) | PHP 51,086,475 |
Portfolio (USD) | USD 1,222,164.47 |
Active Clients with Loans | 2,674 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
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 |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 2,000 |
Maximum loan size | 5,000 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 2.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
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 | 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? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 9.34 |
Fixed amount - max | 23.35 |
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 | Fee 2 | ||
---|---|---|---|
Description | Notarial Fee | Bank Charge | |
% of loan amount - min | 0 | 2.00% | |
% of loan amount - max | 0 | 2.00% | |
OR, Fixed amount - min | 100 | 0 | |
Fixed amount - max | 150 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | MRI |
% of loan amount - min | 7.00% |
% of loan amount - max | 7.00% |
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 | 2.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0.05% |
Maximum interest rate paid | 0.05% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 2,000 | INR 3,000 | INR 5,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-24 | 2012-11-24 | 2012-11-24 | ||
Loan Term (Months) | 13.0 months | 13.0 months | 13.0 months | ||
Grace Period (Months) | 0.6 months | 0.5 months | 0.6 months | ||
Total Cost of Credit | INR 343.81 | INR 520.71 | INR 880.53 | ||
True Price by Comp | |||||
Interest price component | 26.2% | 26.2% | 26.0% | ||
Fee Component | 1.9% | 1.8% | 1.8% | ||
Insurance Component | 0.9% | 0.9% | 0.8% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.2% | 29.1% | 28.8% | ||
MFIN MFI Earning (Annualised) | 28.1% | 28.0% | 27.8% | ||
MFIN Cost to Borrower (Annualised) | 29.2% | 29.1% | 28.8% | ||
Transparency Index | 89 | 89 | 90 | ||
MFIN Transparency Index | 99 | 99 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 85,000 | PHP 120,000 | |||||
Loan Cycle (1, 2, 3, etc) | 10 | 1 | 15 | 18 | 10 | 22 | |||||
Disbursement Date | 2011-06-07 | 2011-06-27 | 2011-06-28 | 2011-07-15 | 2011-03-04 | 2011-07-14 | |||||
Loan Term (Months) | 5.8 months | 3.0 months | 3.0 months | 3.0 months | 5.8 months | 5.8 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 55.0% | 64.7% | 59.5% | 59.5% | 55.0% | 55.0% | |||||
Insurance Component | 1.9% | 1.7% | 1.7% | 1.7% | 1.9% | 1.9% | |||||
Tax Component | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% | 1.0% | |||||
Deposit Component | 5.2% | 9.0% | 5.5% | 5.5% | 5.2% | 5.2% | |||||
Full APR (int fee ins tax dep) | 63.1% | 76.4% | 67.7% | 67.7% | 63.1% | 63.1% | |||||
Transparency Index | 38 | 31 | 35 | 35 | 38 | 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 |
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