Number borrowers | 4,063 |
Loan Amount (range) | PHP 5,000 - 150,000 |
Loan Term (range) | 4 - 12 |
Other Services (text summary) | Credit Educ, Credit Ins, Other Training, Sustainable Agriculture practices (organic farming) |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 0.13%-0.75% upfront |
Tax | None |
Comp Dep | 10.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 42.9% - 44.3% (Int+Fee) |
Insurance Component | 1.8% - 3.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 44.8% - 46.1% |
Transparency Index (min/max) | 24 - 80 |
Transparency Index (average) | 78 |
151 |
INR 25,000 - 300,000 |
6 - 36 |
Business Training |
29.0% annual, Decl Bal |
0.88% upfront |
1.00% upfront |
12.36% fees |
N/A |
25.6% - 28.8% |
0.9% - 1.7% |
1.1% - 2.0% |
0.1% - 0.3% |
32.6% |
88 - 93 |
89 |
Outstanding portfolio (PHP) | PHP 54,073,112 |
Portfolio (USD) | USD 1,293,615.12 |
Active Clients with Loans | 4,063 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Sustainable Agriculture practices (organic farming) |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have a farm to manage |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 6,030,318 |
Portfolio (USD) | USD 113,779.58 |
Active Clients with Loans | 151 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 100% |
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 | |
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 | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Must have atleast 3 years of experience in existing business. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Uttar Pradesh |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 5.0 months |
Grace period usage | 100% |
Average grace period | 5.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 25,000 |
Maximum loan size | 300,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 20% |
Greater than INR 45,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 3.00% |
Highest quoted nominal interest | 3.00% |
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 | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Enhanced Credit Security (MRI) |
% of loan amount - min | 0.13% |
% of loan amount - max | 0.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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 | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 29.00% |
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 | 0.88% |
% of loan amount - max | 0.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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 7,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 86,000 | PHP 120,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | 5 | 5 | 9 | 3 | 3 | |||||
Disbursement Date | 2011-05-13 | 2011-05-25 | 2011-05-02 | 2011-05-25 | 2011-05-11 | 2011-05-30 | |||||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | 5.0 months | 6.0 months | 5.0 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 | 44.3% | 44.3% | 44.3% | 44.3% | 42.9% | 44.3% | |||||
Insurance Component | 1.8% | 1.8% | 1.8% | 1.8% | 1.9% | 1.8% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 46.1% | 46.1% | 46.1% | 46.1% | 44.8% | 46.1% | |||||
Transparency Index | 78 | 78 | 78 | 78 | 80 | 78 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 30,000 | INR 50,000 | INR 60,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-19 | 2013-01-19 | 2013-01-19 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | INR 5,662.08 | INR 9,436.80 | INR 11,323.16 | ||
True Price by Comp | |||||
Interest price component | 28.8% | 28.8% | 28.8% | ||
Fee Component | 1.6% | 1.6% | 1.6% | ||
Insurance Component | 2.0% | 2.0% | 2.0% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.6% | 32.6% | 32.6% | ||
MFIN MFI Earning (Annualised) | 30.4% | 30.4% | 30.4% | ||
MFIN Cost to Borrower (Annualised) | 32.6% | 32.6% | 32.6% | ||
Transparency Index | 89 | 89 | 89 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
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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