2. Trident
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. NWTF
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Trident Microfin Limited DNO:11-8-15,MIG-33,SHREE SAI ARCADE,1ST & 2ND FLOORS,SAROORNAGAR,HYDERABAD, ANDHRA PRADESH500035
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution

Negros Women for Tomorrow Foundation, Inc. 102 San Sebastian, Verbena Sts.Bacolod City, Negros Occidental6100
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Group Loan for Women Monthly Product 3 of 6 « Prev | Next »

Product

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Product Summary

Number borrowers32,636
Loan Amount (range)INR 6,000 - 18,000
Loan Term (range)18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Other Training
Annual Interest & Method12.5%-15.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component
Fee Component
Insurance Component
Tax Component Range
Full APR (int fee ins tax dep)0
Transparency Index (min/max)
Transparency Index (average)N/A

Product Summary

5,000
PHP 1,000 - 150,000
3 - 36
30.0% annual, Flat
3.00% ongoing 5.00% ongoing
None
None
10.0% upfront
 
N/A
67.2% - 85.6% (Int+Fee)
0 - 21.6%
0
67.2% - 85.9%
25 - 50
41

Product Details

Key Statistics
Outstanding portfolio (INR)INR 320,040,954
Portfolio (USD)USD 7,112,021.20
Active Clients with Loans32,636
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Based on Grameen model and lent to groups of 5 women members preferably income generating activities. Center consists of 2-8 groups, meets on monthly basis for repayment purpose. \r
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
Other90% of loans used for income generating activities
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherEvery client undergoes a 4 day financial literacy training program, before loan disbursement.
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
OtherThe loan is also given to clients in rented accomadation who have stayed in that locality for more t
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 17,900,000
Portfolio (USD)USD 428,229.67
Active Clients with Loans5,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
This loan product can be used by the client for business expansion, start-up business, educational and home improvement such as toilet construction, electrical installation, house repair, etc. to improve client's standard of living.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
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 6,000
Maximum loan size18,000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term18.0 months
Approx average18.0 months
Grace Period
Grace period usage50%
Average grace period0
Repayment Frequency
Daily
Weekly
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 1,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average9.0 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 interest12.50%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fees
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAdministrative Charges for Insurance Rs 10 per Rs 1000 sum assured per year
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min200
Fixed amount - max400
Reason for variation
Appears on Repayment Sched?Yes
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?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
(a) This product was introduced due to increased demands from the women groups ,who wanted to pay on monthly basis & save time from attending centre meetings frequently. (b) Manager conducts Group Recognition Test(GRT) where he client is asked about the interest rate on which he is availing the loan before disbursement\r

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1Fee 2
DescriptionService ChargeDevelopment Cost
% of loan amount - min3.00%5.00%
% of loan amount - max3.00%5.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationamortized over the loan termamortized over the loan term
Appears on Repayment Sched?YesYes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaOnly for clients who avail of loan over P30,000 with 10% maintaining balance based on the loan amount.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.50%
Maximum interest rate paid2.50%
Interest payment frequencyWeekly
Taxes
Are taxes charged on this product?No
Additional Comments
The client can withdraw from their compulsory savings but no less than the required maintaining balance based on the loan amount.

Full Pricing Data

Group Loan for Women Monthly samples
No sample data for this product

Full Pricing Data

Special Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 4,000PHP 15,000PHP 20,000PHP 20,000PHP 20,000PHP 25,000
Loan Cycle (1, 2, 3, etc)11Not Known115
Disbursement Date2011-08-252011-08-252011-08-252011-09-022011-09-022011-08-25
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component85.6%68.0%67.2%71.0%71.0%68.0%
Insurance Component0.0%4.8%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.4%2.5%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)85.9%75.3%67.2%71.0%71.0%68.0%
Transparency Index354045424244
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Group Loan for Women Monthly Price Graphs
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Special Loan Price Graphs


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