Number borrowers | 11,000 |
Loan Amount (range) | PHP 3,000 - 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 | 36.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 300.00 upfront 20.00 ongoing |
Tax | 1.00% loan amt |
Comp Dep | 5.0% upfront 8.00-20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 73.8% - 81.8% (Int+Fee) |
Insurance Component | 1.3% - 151.3% |
Tax Component Range | 0 - 2.8% |
Full APR (int fee ins tax dep) | 87.0% - 224.0% |
Transparency Index (min/max) | 0 - 81 |
Transparency Index (average) | 31 |
5,611 |
INR 6,000 - 18,000 |
10 - 11 |
Credit Educ, Group Mtgs, Credit Ins |
27.3% annual, Decl Bal |
1.00% upfront |
0.51% upfront |
12.36% fees |
N/A |
25.0% - 31.1% |
1.6% - 2.3% |
1.1% - 1.4% |
0.2% - 0.5% |
28.5% - 30.9% |
83 - 98 |
91 |
Outstanding portfolio (PHP) | PHP 19,276,410 |
Portfolio (USD) | USD 461,158.13 |
Active Clients with Loans | 11,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | x |
Other |
Any purpose | x |
Income generation | |
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 | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
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 51,249,000 |
Portfolio (USD) | USD 966,962.26 |
Active Clients with Loans | 5,611 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
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) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | West Bengal |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 60,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
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 | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 18,000 |
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 | 10.0 months |
Longest loan term | 11.0 months |
Approx average | 10.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance - Registration |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 300 |
Fixed amount - max | 300 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 8 - PHP 20 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 27.30% |
Highest quoted nominal interest | 27.30% |
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 Insurance |
% of loan amount - min | 0.51% |
% of loan amount - max | 0.51% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 25,000 | PHP 60,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-08-24 | 2011-09-13 | 2011-05-05 | 2011-09-12 | 2011-07-18 | ||||
Loan Term (Months) | 5.8 months | 5.8 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 | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 81.8% | 81.8% | 73.8% | 73.8% | 73.8% | ||||
Insurance Component | 110.5% | 40.3% | 16.3% | 9.8% | 4.1% | ||||
Tax Component | 2.8% | 2.4% | 1.3% | 1.2% | 1.2% | ||||
Deposit Component | 28.9% | 18.6% | 12.7% | 10.0% | 7.9% | ||||
Full APR (int fee ins tax dep) | 224.0% | 143.2% | 104.1% | 94.9% | 87.0% | ||||
Transparency Index | 16 | 25 | 35 | 38 | 41 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 10,000 | INR 18,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-29 | 2012-11-30 | 2012-10-05 | ||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 0.0 months | 0.1 months | 0.5 months | ||
Total Cost of Credit | INR 1,413.36 | INR 1,419.66 | INR 2,544.05 | ||
True Price by Comp | |||||
Interest price component | 27.1% | 26.7% | 25.0% | ||
Fee Component | 2.3% | 2.3% | 2.1% | ||
Insurance Component | 1.2% | 1.2% | 1.2% | ||
Tax Component | 0.3% | 0.5% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.9% | 30.7% | 28.5% | ||
MFIN MFI Earning (Annualised) | 29.4% | 29.0% | 27.1% | ||
MFIN Cost to Borrower (Annualised) | 30.9% | 30.7% | 28.5% | ||
Transparency Index | 88 | 89 | 96 | ||
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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