2. Bangko Kabayan
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Grama Vidiyal
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bangko Kabayan, A Rural Bank, Inc. Santiago St., PoblacionIbaan, Batangas4230
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Institution

Grama Vidiyal Microfinance Limited 2A Sathiya Illam,10th cross, Alli street,Annamalai NagarTrichy, Tamil Nadu620018
Data approved: 2013-05-06
Data version: 2
Age of data: 140 months
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Product

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Product

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Product Summary

Number borrowers6,267
Loan Amount (range)PHP 2,000 - 60,000
Loan Term (range)6
Other Services (text summary)Group Mtgs, Credit Ins, Business Training
Annual Interest & Method30.0% annual, Flat
Fees2.50% upfront
Insurance280.00-1,120.00 upfront 7.00% upfront
Tax0.50% loan amt
Comp Dep160.00 upfront 12.50% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component59.1% - 60.5% (Int+Fee)
Insurance Component0 - 1.9%
Tax Component Range1.0% - 1.1%
Full APR (int fee ins tax dep)67.9% - 72.3%
Transparency Index (min/max)31 - 44
Transparency Index (average)42

Product Summary

738,218
INR 10,000 - 15,000
6 - 12
Credit Educ, Group Mtgs
26.0% annual, Decl Bal
1.00% upfront
86.00 upfront
12.36% fees
N/A
 
23.3% - 23.7%
2.1% - 4.2%
1.9% - 3.0%
0.2% - 0.5%
27.5% - 31.4%
83 - 94
87

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 48,144,967
Portfolio (USD)USD 1,151,793.47
Active Clients with Loans6,267
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group solidarity loan
Loan Purpose
Any purpose
Income generationx
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
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
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 5,411,394,265
Portfolio (USD)USD 102,101,778.60
Active Clients with Loans738,218
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The loan will be given to the members who are involved in the activty of income generation purpose. The loan amount will be Rs10,000 - Rs15,000 having tenure of 25 weeks and 50 weeks
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 insurance
Workplace visits
Business training
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 institution4
# Regions for this product4
Regions ActiveMadhya Pradesh, Maharashtra, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 2,000
Maximum loan size60,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months10%
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionBank Charge
% of loan amount - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionGroup Life InsuranceCredit Life Insurance
% of loan amount - min07.00%
% of loan amount - max07.00%
OR, Fixed amount - min2800
Fixed amount - max1,1200
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 deposited0
or, Fixed-amount depositedPHP 160
Deposits DURING period payments
% loan amount deposited12.50%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0.05%
Maximum interest rate paid0.05%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Maintaining savings balance of 3% of loan amount required prior to withdrawals.

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min86
Fixed amount - max86
Reason for variationInsurance value offered is 20,000
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Kapitan Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 30,000PHP 60,000
Loan Cycle (1, 2, 3, etc)123812
Disbursement Date2011-06-092011-06-092011-06-092011-07-262011-07-26
Loan Term (Months)5.8 months5.8 months5.8 months5.8 months5.8 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 Component59.1%59.1%59.1%60.5%59.1%
Insurance Component0.0%0.0%0.0%1.9%1.9%
Tax Component1.0%1.0%1.0%1.1%1.1%
Deposit Component12.2%8.8%7.9%7.8%7.3%
Full APR (int fee ins tax dep)72.3%68.9%67.9%71.2%69.3%
Transparency Index4144444243
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

General Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-032013-01-232013-02-08
Loan Term (Months)12.0 months5.8 months5.9 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditINR 1,398.36INR 940.83INR 1,154.54
True Price by Comp     
Interest price component23.3%23.7%23.5%
Fee Component2.1%4.2%4.1%
Insurance Component1.9%3.0%2.3%
Tax Component0.2%0.5%0.5%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.5%31.4%30.4%
MFIN MFI Earning (Annualised)25.4%27.9%27.6%
MFIN Cost to Borrower (Annualised)27.5%31.4%30.4%
Transparency Index948385
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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