Number borrowers | 124 |
Loan Amount (range) | PHP 3,000 - 28,000 |
Loan Term (range) | 4 - 6 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 40.0%-44.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | 1.00% upfront 10.00 ongoing |
Tax | 0.50% loan amt |
Comp Dep | 500.00 upfront 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 83.4% - 84.7% (Int+Fee) |
Insurance Component | 7.8% - 34.3% |
Tax Component Range | 2.3% - 2.4% |
Full APR (int fee ins tax dep) | 100.2% - 242.3% |
Transparency Index (min/max) | 16 - 40 |
Transparency Index (average) | 30 |
53 |
INR 5,000 - 20,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins |
18.0% annual, Flat |
2.00% upfront |
40.00-200.00 upfront 40.00-200.00 upfront |
None |
10.0% upfront |
N/A |
33.9% (Int+Fee) |
1.4% - 4.1% |
0 |
41.9% |
33 - 80 |
43 |
Outstanding portfolio (PHP) | PHP 297,246 |
Portfolio (USD) | USD 7,111.15 |
Active Clients with Loans | 124 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | ASA Methodology |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 600,000 |
Portfolio (USD) | USD 11,320.75 |
Active Clients with Loans | 53 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
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 | |
Women | x |
Must run a business | |
Must own a home or land | x |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Madhya Pradesh, Uttar Pradesh |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 28,000 |
Shortest loan term | 4.0 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 | 20,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
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 | 40.00% |
Highest quoted nominal interest | 44.00% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% 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 | Mutual Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 10 |
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? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 500 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 1.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Insurance | Insurance | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 40 | 40 | |
Fixed amount - max | 200 | 200 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | Some |
Criteria | Security deposit is not applicable for the loan upto Rs. 5000. |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 3.50% |
Maximum interest rate paid | 3.50% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 7,000 | PHP 15,000 | PHP 28,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-01-20 | 2011-02-03 | 2011-05-18 | 2011-05-15 | |||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 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 | 83.4% | 84.7% | 83.4% | 83.7% | |||
Insurance Component | 34.3% | 17.4% | 10.6% | 7.8% | |||
Tax Component | 2.4% | 2.4% | 2.3% | 2.3% | |||
Deposit Component | 122.3% | 33.0% | 12.6% | 6.3% | |||
Full APR (int fee ins tax dep) | 242.3% | 137.5% | 109.0% | 100.2% | |||
Transparency Index | 17 | 29 | 37 | 40 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | |
---|---|
Loan Amount | INR 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-05-07 |
Loan Term (Months) | 18.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 33.9% |
Insurance Component | 1.4% |
Tax Component | 0 |
Deposit Component | 6.6% |
Full APR (int fee ins tax dep) | 41.9% |
MFIN MFI Earning (Annualised) | 33.9% |
MFIN Cost to Borrower (Annualised) | 41.9% |
Transparency Index | 43 |
MFIN Transparency Index | N/A |
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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