Number borrowers | 19,732 |
Loan Amount (range) | PHP 3,000 - 50,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life Insurance |
Annual Interest & Method | 25.0% annual, Flat |
Fees | 5.00% upfront |
Insurance | 5.00 upfront 5.00 ongoing |
Tax | None |
Comp Dep | 5.00 upfront 5.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 70.1% (Int+Fee) |
Insurance Component | 0 - 33.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 72.1% - 106.2% |
Transparency Index (min/max) | 0 - 75 |
Transparency Index (average) | 31 |
118,217 |
INR 8,000 - 14,000 |
10.7 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
30.0% annual, Decl Bal |
1.00% upfront |
112.00 upfront |
12.36% fees |
N/A |
29.9% |
2.3% |
1.9% - 2.6% |
0.3% |
34.4% - 35.1% |
85 - 87 |
86 |
Outstanding portfolio (PHP) | PHP 146,270,315 |
Portfolio (USD) | USD 3,499,289.83 |
Active Clients with Loans | 19,732 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Other training | |
Other | Life Insurance |
Other (2) | |
No other services |
Men | |
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 1,000,987,853 |
Portfolio (USD) | USD 18,886,563.26 |
Active Clients with Loans | 118,217 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
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 | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Madhya Pradesh, Rajasthan, Uttar Pradesh |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 6.0 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 | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 8,000 |
Maximum loan size | 14,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 10.7 months |
Longest loan term | 10.7 months |
Approx average | 10.7 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 | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Salamat Fund |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
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? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 112 |
Fixed amount - max | 112 |
Reason for variation | Insurance depends on loan size. |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 5,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | 2 | |||
Disbursement Date | 2011-03-28 | 2011-03-15 | 2011-03-08 | 2011-01-31 | |||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 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 | 70.1% | 70.1% | 70.1% | 70.1% | |||
Insurance Component | 33.7% | 7.1% | 3.3% | 1.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 2.3% | 1.2% | 0.6% | 0.3% | |||
Full APR (int fee ins tax dep) | 106.2% | 78.5% | 74.0% | 72.1% | |||
Transparency Index | 24 | 32 | 34 | 35 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 12,000 | INR 14,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-28 | 2013-01-28 | 2013-01-28 | ||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 1,660.36 | INR 1,966.83 | INR 2,279.30 | ||
True Price by Comp | |||||
Interest price component | 29.9% | 29.9% | 29.9% | ||
Fee Component | 2.3% | 2.3% | 2.3% | ||
Insurance Component | 2.6% | 2.2% | 1.9% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 35.1% | 34.7% | 34.4% | ||
MFIN MFI Earning (Annualised) | 32.2% | 32.2% | 32.2% | ||
MFIN Cost to Borrower (Annualised) | 35.1% | 34.7% | 34.4% | ||
Transparency Index | 85 | 87 | 87 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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