Number borrowers | 3,317 |
Loan Amount (range) | PHP 3,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Business Training |
Annual Interest & Method | 24.0%-36.0% annual, Flat |
Fees | 200.00-0.00 upfront |
Insurance | 9.75-1,950.00 upfront |
Tax | None |
Comp Dep | 100.00 upfront 5.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 77.0% - 93.8% (Int+Fee) |
Insurance Component | 0.6% - 5.1% |
Tax Component Range | 0 - 5.2% |
Full APR (int fee ins tax dep) | 80.9% - 101.7% |
Transparency Index (min/max) | 21 - 55 |
Transparency Index (average) | 27 |
1,236 |
INR 1,250 - 1,250 |
5.6 |
Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
24.0% annual, Decl Bal |
1.00% upfront |
None |
12.36% fees |
N/A |
21.8% - 34.0% |
1.1% - 11.6% |
0 - 16.6% |
0.1% - 1.5% |
28.9% |
51 - 92 |
83 |
Outstanding portfolio (PHP) | PHP 54,660,000 |
Portfolio (USD) | USD 1,307,655.50 |
Active Clients with Loans | 3,317 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 1,285,427 |
Portfolio (USD) | USD 24,253.34 |
Active Clients with Loans | 1,236 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
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 | 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 | 1 |
Regions Active | Karnataka |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 1,250 |
Maximum loan size | 1,250 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
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 | 5.6 months |
Longest loan term | 5.6 months |
Approx average | 5.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
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 | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Monthly |
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 | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 200 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 9.75 |
Fixed amount - max | 1,950 |
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 100 |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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? | Yes |
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 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 4,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-05-19 | 2011-05-06 | 2011-07-29 | 2011-07-13 | 2011-07-14 | 2011-06-10 | |||||
Loan Term (Months) | 4.0 months | 3.0 months | 3.0 months | 3.0 months | 4.0 months | 3.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 91.7% | 93.8% | 83.6% | 77.2% | 77.0% | 80.8% | |||||
Insurance Component | 2.7% | 3.5% | 3.5% | 3.3% | 2.6% | 3.5% | |||||
Tax Component | 1.1% | 1.1% | 1.1% | 1.0% | 1.1% | 1.1% | |||||
Deposit Component | 6.1% | 3.1% | 1.3% | 0.6% | 0.2% | 0.2% | |||||
Full APR (int fee ins tax dep) | 101.7% | 101.6% | 89.6% | 82.1% | 80.9% | 85.5% | |||||
Transparency Index | 24 | 24 | 27 | 29 | 30 | 28 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 1,250 | INR 1,250 | INR 1,250 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-16 | 2013-04-16 | 2013-04-16 | ||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 90.05 | INR 90.05 | INR 90.05 | ||
True Price by Comp | |||||
Interest price component | 24.2% | 24.2% | 24.2% | ||
Fee Component | 4.1% | 4.1% | 4.1% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.6% | 0.6% | 0.6% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.9% | 28.9% | 28.9% | ||
MFIN MFI Earning (Annualised) | 28.3% | 28.3% | 28.3% | ||
MFIN Cost to Borrower (Annualised) | 28.9% | 28.9% | 28.9% | ||
Transparency Index | 83 | 83 | 83 | ||
MFIN Transparency Index | 99 | 99 | 99 | ||
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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