2. 1st Valley Bank
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
  2. Swadhaar
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

Institution

1st Valley Bank, Inc. A Rural Bank Vamenta Blvd. corner Lirio St.CarmenCagayan de Oro City, Misamis Oriental8000
Data approved: 2011-11-23
Data version: 1
Age of data: 158 months

Institution

Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 139 months
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Product

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Product

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Product Summary

Number borrowers22,118
Loan Amount (range)PHP 20,000 - 250,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method9.0% annual, Flat
Fees4.30% upfront 50.00 upfront
Insurance1.60% upfront
TaxNone
Comp Dep1,000.00 upfront 10.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component21.3% - 21.5% (Int+Fee)
Insurance Component0 - 11.4%
Tax Component Range0
Full APR (int fee ins tax dep)23.5% - 24.8%
Transparency Index (min/max)25 - 46
Transparency Index (average)37

Product Summary

391
INR 2,000 - 5,000
12
Credit Ins
26.0% annual, Decl Bal
1.00% upfront
9.34-23.35 upfront
12.36% fees
N/A
 
25.8% - 29.9%
1.0% - 5.3%
0.8% - 1.3%
0.1% - 0.7%
28.8% - 29.2%
81 - 93
89

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 1,618,245,455
Portfolio (USD)USD 38,714,006.10
Active Clients with Loans22,118
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans granted to Deped Teachers and employees through Automatic Payroll Deduction System
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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

Product Details

Key Statistics
Outstanding portfolio (INR)INR 26,971,403
Portfolio (USD)USD 508,894.40
Active Clients with Loans391
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Top up Loan is a group loan targeted at clients with a good repayment behavior. To access this loan, at least three group members are required.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
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 groupx
Household income <60,000 INR
Household income <120,000 INRx
Must live in rural area
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 20,000
Maximum loan size250,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average24.0 months
Grace Period
Grace period usage0
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
CurrencyINR
Minimum loan sizeINR 2,000
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
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

Pricing Information

Interest
Lowest quoted nominal interest9.00%
Highest quoted nominal interest9.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeNotarial Fee
% of loan amount - min4.30%0
% of loan amount - max4.30%0
OR, Fixed amount - min050
Fixed amount - max050
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min1.60%
% of loan amount - max1.60%
OR, Fixed amount - min0
Fixed amount - max0
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 deposited0
or, Fixed-amount depositedPHP 1,000
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 10
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid1.50%
Maximum interest rate paid1.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min9.34
Fixed amount - max23.35
Reason for variationRs 4.67 for every Rs. 1000 for a year.
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

DepEd APDS Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 30,000PHP 60,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-242011-08-232011-08-272011-08-24
Loan Term (Months)24.0 months24.0 months24.0 months24.0 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 Component21.5%21.4%21.3%21.3%
Insurance Component1.8%1.8%1.8%1.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component1.5%0.7%0.5%0.4%
Full APR (int fee ins tax dep)24.8%23.9%23.6%23.5%
Transparency Index36383838
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Top Up Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 2,000INR 3,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-242012-11-242012-11-24
Loan Term (Months)13.0 months13.0 months13.0 months
Grace Period (Months)0.6 months0.5 months0.6 months
Total Cost of CreditINR 343.81INR 520.71INR 880.53
True Price by Comp     
Interest price component26.2%26.2%26.0%
Fee Component1.9%1.8%1.8%
Insurance Component0.9%0.9%0.8%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%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 Index898990
MFIN Transparency Index9999100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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