Number borrowers | 967 |
Loan Amount (range) | PHP 20,000 - 60,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 20.0% annual, Flat |
Fees | 2.00% upfront 1.00% upfront |
Insurance | 150.00 upfront 6.00% upfront |
Tax | None |
Comp Dep | 30.0% upfront 30.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 56.6% (Int+Fee) |
Insurance Component | 1.2% - 24.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 111.6% - 113.9% |
Transparency Index (min/max) | 12 - 24 |
Transparency Index (average) | 18 |
2,195,404 |
INR 12,000 - 25,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Health Insurance Services , National Pension Scheme collabaration with LIC |
24.0%-26.0% annual, Decl Bal |
1.00% upfront |
1.00%-1.05% upfront |
12.36% fees |
N/A |
25.4% - 26.0% |
2.1% |
2.1% |
0.2% - 0.3% |
29.9% - 30.5% |
79 - 80 |
79 |
Outstanding portfolio (PHP) | PHP 13,000,000 |
Portfolio (USD) | USD 311,004.78 |
Active Clients with Loans | 967 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 19,966,572,982 |
Portfolio (USD) | USD 376,727,792.10 |
Active Clients with Loans | 2,195,404 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | Health Insurance Services |
Other (2) | National Pension Scheme collabaration with LIC |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | Qualify for a test on Financial education |
Other (2) | Training provided on Financial education |
# Regions for this institution | 19 |
# Regions for this product | 19 |
Regions Active | Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Himachal PradeshJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, National Capital Territory of Delhi |
Currency | PHP |
Minimum loan size | PHP 20,000 |
Maximum loan size | 60,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 12,000 |
Maximum loan size | 25,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 20% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 60% |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 2.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | MILAMDEC Tibod Mutual Benefits | Crop Insurance | |
% of loan amount - min | 0 | 6.00% | |
% of loan amount - max | 0 | 6.00% | |
OR, Fixed amount - min | 150 | 0 | |
Fixed amount - max | 150 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Branch, 24% p.a on the loans disbursed in the state of AP. In Non AP states interest rate is 26% p.a |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.05% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% for one year loans, 1.05% for 2 year loans |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 30,000 | PHP 40,000 | PHP 50,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-08-25 | 2011-08-29 | 2011-08-25 | ||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 56.6% | 56.6% | 56.6% | ||
Insurance Component | 21.2% | 19.9% | 19.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 36.2% | 35.3% | 35.3% | ||
Full APR (int fee ins tax dep) | 113.9% | 111.8% | 111.6% | ||
Transparency Index | 18 | 18 | 18 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-09 | 2012-11-17 | 2012-11-20 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | INR 2,318 | INR 2,371 | INR 2,382 | ||
True Price by Comp | |||||
Interest price component | 25.4% | 26.0% | 26.0% | ||
Fee Component | 2.1% | 2.1% | 2.1% | ||
Insurance Component | 2.1% | 2.1% | 2.1% | ||
Tax Component | 0.3% | 0.3% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.9% | 30.5% | 30.4% | ||
MFIN MFI Earning (Annualised) | 27.5% | 28.1% | 28.1% | ||
MFIN Cost to Borrower (Annualised) | 29.9% | 30.5% | 30.4% | ||
Transparency Index | 80 | 79 | 79 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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