2. ASKI
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. PWMACS
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Alalay sa Kaunlaran, Inc. 105 Maharlika HighwayCabanatuan, Nueva Ecija3100
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Institution

Payakaraopeta Women's Mutually Aided Co-operative Thrift and Credit Society Sivasurya ApartmentsMain RoadPayakaraopeta, Andhra Pradesh531126
Data approved: 2010-10-25
Data version: 1
Age of data: 170 months

Product

Individual Loan Program (ILP) Product 4 of 4 « Prev | Next »

Product

Income Generating Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers14,472
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program
Annual Interest & Method21.0%-36.0% annual, Flat
Fees3.00% upfront 100.00 upfront
Insurance300.00 upfront 30.00 ongoing
TaxNone
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component67.4% - 91.1% (Int+Fee)
Insurance Component0 - 54.9%
Tax Component Range0
Full APR (int fee ins tax dep)71.0% - 157.5%
Transparency Index (min/max)13 - 78
Transparency Index (average)22

Product Summary

36,543
INR 5,000 - 50,000
12 - 60
Group Mtgs, Credit Ins, Business Training
19.2% annual, Decl Bal
2.00%-3.00% upfront
55.00-500.00 upfront
None
20.0% upfront 50.00 ongoing
 
N/A
20.2% - 20.6% (Int+Fee)
1.2% - 1.4%
0
31.0% - 37.2%
52 - 62
58

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 219,300,668
Portfolio (USD)USD 5,246,427.46
Active Clients with Loans14,472
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ILP is lending to a single person with a relatively larger loan amount than that of group lending. It offers a wide range of financial services to micro-entrepreneurs to increase their business and family income.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherTransformation Program
Other (2)Environment Program
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
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 315,140,368
Portfolio (USD)USD 5,946,044.68
Active Clients with Loans36,543
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for women in groups to finance income-generating activities.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term60.0 months
Approx average23.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest1.75%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeBusiness Development Support Service
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionASKI MBA Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min300
Fixed amount - max300
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionASKI MBA Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30
Fixed amount - max30
Reason for variationN/A
Appears on Repayment Sched?Yes
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 deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
For MBA, one time membership fee or P3 and first week premium contribution of P3 are collected on initial loan. Interest on CBU is computed based on the average daily balance and is directly credit to the client's account. Outreach based on April 211 data

Pricing Information

Interest
Lowest quoted nominal interest19.20%
Highest quoted nominal interest19.20%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min55
Fixed amount - max500
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 deposited20.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedINR 50 - N/A
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Approximately 5% of the portfolio is capped for NABARD at 13% p.a. Also, all group members are eligible to earn dividents from profits.

Full Pricing Data

Individual Loan Program (ILP) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 14,000PHP 30,000PHP 60,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)141336
Disbursement Date2011-04-292011-04-152011-04-152011-04-292011-05-172011-05-25
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component91.1%88.5%77.6%87.0%67.8%67.4%
Insurance Component54.9%20.6%5.1%4.8%2.8%2.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component11.6%8.8%5.7%4.3%2.0%1.5%
Full APR (int fee ins tax dep)157.5%117.9%88.4%96.1%72.6%71.0%
Transparency Index131824222930
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Income Generating Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 5,000INR 10,000INR 20,000INR 30,000INR 40,000
Loan Cycle (1, 2, 3, etc)11233
Disbursement Date2010-07-172010-04-152010-04-152010-04-152010-04-15
Loan Term (Months)20.0 months20.0 months20.0 months20.0 months25.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component20.6%20.5%20.5%20.5%20.2%
Insurance Component1.4%1.2%1.2%1.4%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component15.3%11.5%10.1%9.7%9.5%
Full APR (int fee ins tax dep)37.2%33.2%31.7%31.6%31.0%
MFIN MFI Earning (Annualised)20.6%20.5%20.5%20.5%20.2%
MFIN Cost to Borrower (Annualised)37.2%33.2%31.7%31.6%31.0%
Transparency Index5258606162
MFIN Transparency IndexN/AN/AN/AN/AN/A
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Individual Loan Program (ILP) Price Graphs


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Income Generating Loan Price Graphs


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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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