2. PWMACS
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  2. SAFRAGEMC
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Institution

Payakaraopeta Women's Mutually Aided Co-operative Thrift and Credit Society Sivasurya ApartmentsMain RoadPayakaraopeta, Andhra Pradesh531126
Data approved: 2010-10-25
Data version: 1
Age of data: 170 months

Institution

San Francisco Growth Enhancement Multi-Purpose Cooperative National HighwayBarangay 5San Francisco, Agusan del Sur8501
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

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Product

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Product Summary

Number borrowers36,543
Loan Amount (range)INR 5,000 - 50,000
Loan Term (range)12 - 60
Other Services (text summary)Group Mtgs, Credit Ins, Business Training
Annual Interest & Method19.2% annual, Decl Bal
Fees2.00%-3.00% upfront
Insurance55.00-500.00 upfront
TaxNone
Comp Dep20.0% upfront 50.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component20.2% - 20.6% (Int+Fee)
Insurance Component1.2% - 1.4%
Tax Component Range0
Full APR (int fee ins tax dep)31.0% - 37.2%
Transparency Index (min/max)52 - 62
Transparency Index (average)58

Product Summary

1,171
PHP 5,000 - 25,000
3.7 - 12.1
Credit Educ, Group Mtgs, Credit Ins, Business Training
24.0%-30.0% annual, Flat
4.00%-6.00% upfront 130.00 upfront
182.50 upfront 1.13% upfront
None
3.0% upfront 20.00 ongoing
 
N/A
70.9% - 86.0% (Int+Fee)
2.9% - 10.9%
0
98.2% - 115.6%
21 - 24
22

Product Details

Key Statistics
Outstanding portfolio (INR)INR 315,140,368
Portfolio (USD)USD 5,946,044.68
Active Clients with Loans36,543
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for women in groups to finance income-generating activities.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
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
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 9,589,793
Portfolio (USD)USD 229,420.89
Active Clients with Loans1,171
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
We are not just providing loans to our members but we also give them loan insurance, basic life insurance system, accident insurance and Mutual Aid to our members
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term60.0 months
Approx average23.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size25,000
Loan Term and Grace Period
Shortest loan term3.7 months
Longest loan term12.1 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest19.20%
Highest quoted nominal interest19.20%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min55
Fixed amount - max500
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedINR 50 - N/A
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Approximately 5% of the portfolio is capped for NABARD at 13% p.a. Also, all group members are eligible to earn dividents from profits.

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.50%
Reason(s) why interest rate variesBranch, Client Risk, Additional Services
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeFiling Fee/Notarial Fee
% of loan amount - min4.00%0
% of loan amount - max6.00%0
OR, Fixed amount - min0130
Fixed amount - max0130
Reason for variationN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionBasic Life Insurance (annual fee)Loan Insurance
% of loan amount - min01.13%
% of loan amount - max01.13%
OR, Fixed amount - min182.500
Fixed amount - max182.500
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited3.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 20
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid4.50%
Maximum interest rate paid4.50%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Interest on savings is paid quarterly. Mortuary Fund and Basic Life Insurance are annual fees. P1 CBU is required on the first loan cycle. For weekly deposits, on first cycle, P1 savings and P1 for CBU. For each succeeding loan cycle, an additional P5. If there is no withdrawal, there is no maintaining balance. If with withdrawals, maintaining balance amount will vary based on loan amount.

Full Pricing Data

Income Generating Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 5,000INR 10,000INR 20,000INR 30,000INR 40,000
Loan Cycle (1, 2, 3, etc)11233
Disbursement Date2010-07-172010-04-152010-04-152010-04-152010-04-15
Loan Term (Months)20.0 months20.0 months20.0 months20.0 months25.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component20.6%20.5%20.5%20.5%20.2%
Insurance Component1.4%1.2%1.2%1.4%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component15.3%11.5%10.1%9.7%9.5%
Full APR (int fee ins tax dep)37.2%33.2%31.7%31.6%31.0%
MFIN MFI Earning (Annualised)20.6%20.5%20.5%20.5%20.2%
MFIN Cost to Borrower (Annualised)37.2%33.2%31.7%31.6%31.0%
Transparency Index5258606162
MFIN Transparency IndexN/AN/AN/AN/AN/A
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Cycle Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 10,000PHP 15,000PHP 20,000PHP 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known1Not Known
Disbursement Date2011-09-262011-09-302011-09-302011-09-27
Loan Term (Months)6.1 months12.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component86.0%70.9%86.0%85.4%
Insurance Component2.9%6.2%7.1%10.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.4%24.7%17.6%19.3%
Full APR (int fee ins tax dep)98.2%101.8%110.6%115.6%
Transparency Index24242221
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Income Generating Loan Price Graphs


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Cycle Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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