2. Trident
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. ASA Philippines
Please note that the information you are viewing is 154 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 
Choose version

Institution

ASA Philippines Unit 509, Prestige TowerF. Ortigas, Jr. Road, Ortigas CenterPasig City, NCR1605
Data approved: 2011-11-15
Data version: 1
Age of data: 154 months

Product

Group Loan for Women Weekly Product 4 of 6 « Prev | Next »

Product

Microfinance Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers142,967
Loan Amount (range)INR 6,000 - 18,000
Loan Term (range)11.5 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method12.5%-15.0% annual, Flat
Fees3.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
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

333,452
PHP 1,000 - 120,000
3 - 6
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Life insurance, Marketing facilities
30.0% annual, Flat
None
None
None
60.00 upfront 60.00 ongoing
 
N/A
53.2% - 60.1% (Int+Fee)
0
0
54.6% - 86.8%
35 - 55
47

Product Details

Key Statistics
Outstanding portfolio (INR)INR 909,878,532
Portfolio (USD)USD 20,219,522.93
Active Clients with Loans142,967
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
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 weekly 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 training
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
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 1,223,998,400
Portfolio (USD)USD 29,282,258.37
Active Clients with Loans333,452
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan for the enterprising poor living below $2 income level per capital
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 visitsx
Business trainingx
Other trainingx
OtherLife insurance
Other (2)Marketing facilities
No other services
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 term11.5 months
Longest loan term12.0 months
Approx average12.0 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

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 1,000
Maximum loan size120,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0.3 months
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
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max200
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The Client Relationship Officer(CRO) conducts Group Orientation Program(GOP) for 4 days where the interest rates are clearly explained and also the Branch 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 interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
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
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 deposited0
or, Fixed-amount depositedPHP 60
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 60
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
There are two types of savings: (1) capital build-up (CBU) is withdrawable savings as long as within the 15% of the loan amount maintaining balance and earns 7% interest paid annually; and (2) locked in capital build-up (LCBU) is a non-interest compulsory savings with P1 weekly contribution and is refundable upon closing the account. In case of death, accumulated CBU and LCBU will be refunded to the beneficiary plus cash benefits

Full Pricing Data

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

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 8,000PHP 14,000PHP 30,000PHP 31,000PHP 100,000
Loan Cycle (1, 2, 3, etc)138141220
Disbursement Date2011-02-092011-03-232011-03-232010-09-012010-12-012011-01-27
Loan Term (Months)5.4 months5.4 months5.4 months5.8 months5.4 months5.4 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 Component59.6%58.3%58.3%59.2%53.2%60.1%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component27.1%4.2%3.8%2.2%1.5%0.6%
Full APR (int fee ins tax dep)86.8%62.5%62.1%61.4%54.6%60.6%
Transparency Index354848495549
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Group Loan for Women Weekly Price Graphs
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Microfinance Loan Price Graphs


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