| Number borrowers | 660 |
| Loan Amount (range) | PHP 3,000 - 3,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 25.0% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | None |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 47.3% - 48.4% (Int+Fee) |
| Insurance Component | 0 - 33.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 47.3% - 48.4% |
| Transparency Index (min/max) | 0 - 75 |
| Transparency Index (average) | 52 |
| 1,143 |
| INR 5,000 - 10,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training |
| 15.0% annual, Flat |
| 5.00% upfront |
| 1.50% upfront |
| None |
| N/A |
| N/A |
| 39.3% (Int+Fee) |
| 3.4% |
| 0 |
| 42.6% |
| 35 |
| 35 |
| Outstanding portfolio (PHP) | PHP 1,983,595 |
| Portfolio (USD) | USD 47,454.43 |
| Active Clients with Loans | 660 |
| 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 | |
| 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 4,507,144 |
| Portfolio (USD) | USD 85,040.45 |
| Active Clients with Loans | 1,143 |
| 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 | |
| Business training | |
| Other training | x |
| Other | |
| 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 | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 3,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 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 5,000 |
| Maximum loan size | 10,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Grace period usage | 100% |
| Average grace period | 0.4 months |
| 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 | 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| 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 | 15.00% |
| Highest quoted nominal interest | 15.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Upfront Interest |
| % 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 | Insurance |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 3,000 | PHP 3,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | ||
| Disbursement Date | 2011-02-10 | 2011-07-19 | 2011-07-19 | ||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 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 | 48.4% | 47.3% | 47.3% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 48.4% | 47.3% | 47.3% | ||
| Transparency Index | 52 | 53 | 53 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | |
|---|---|
| Loan Amount | INR 10,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-03-31 |
| Loan Term (Months) | 11.7 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 39.3% |
| Insurance Component | 3.4% |
| Tax Component | 0 |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | 42.6% |
| MFIN MFI Earning (Annualised) | 39.3% |
| MFIN Cost to Borrower (Annualised) | 42.6% |
| Transparency Index | 35 |
| MFIN Transparency Index | N/A |
| 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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