Please note that the information you are viewing is
170 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-01-23
Data version: 1
Age of data: 170 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1991 |
| Head of Institution | Brahmanand Hegde |
| Regions active | |
| # Branches | 13 |
| Total Portfolio (nat'l) | INR 130,679,313 |
| Total Portfolio (USD) | USD 2,465,647.42 |
| Active clients with loans | 11,673 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
713 Borrowers
USD 267,179.37 Portfolio
Active Product
3,661 Borrowers
USD 890,127.95 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| High Ticket livelihood Group Loan Product |
|
INR 18,750 - 24,750 |
|
18 - 24 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land |
|
Group Mtgs |
| Standard Ticket Loan |
|
INR 12,850 - 15,250 |
|
18 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land, Min 2 members per group to have own house or shop |
|
|
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| High Ticket livelihood Group Loan Product |
|
0% |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
|
|
|
|
|
|
N/A |
| Standard Ticket Loan |
|
0% |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| High Ticket livelihood Group Loan Product |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
87 |
| Standard Ticket Loan |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
85 |
Please note that the information you are viewing is
160 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 4,500,000 |
| Portfolio (USD) | USD 107,655.50 |
| Active Clients with Loans | 120 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Loans extended to members for housing renovation purposes
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | values development, personal counselling, life skills training |
| Other (2) | health care |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must meet requirements of CCT regular business loan |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | PHP |
| Minimum loan size | PHP 10,000 |
| Maximum loan size | 30,000 |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Service Charge |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 30.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
2% maintaining balance for CBU. Members are entitled to Patronage Refund based on interest paid. Rate is determined annually and rebate declared on April of the succeeding year.
Full Pricing Data
Housing Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 20,000 | | PHP 20,000 | | PHP 20,000 | | PHP 30,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | 1 | | 2 | | Not Known |
| Disbursement Date | 2010-12-01 | | 2010-10-20 | | 2010-10-20 | | 2011-06-27 |
| Loan Term (Months) | 11.7 months | | 11.7 months | | 11.7 months | | 11.7 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 | 36.9% | | 36.9% | | 36.9% | | 37.0% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 18.7% | | 18.7% | | 19.4% | | 18.7% |
| Full APR (int fee ins tax dep) | 55.6% | | 55.7% | | 56.3% | | 55.7% |
| Transparency Index | 32 | | 32 | | 32 | | 32 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Housing Loan Price Graphs
