Number borrowers | 10,000 |
Loan Amount (range) | PHP 3,000 - 100,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 6.00% ongoing |
Insurance | 100.00 upfront |
Tax | 0.25% loan amt |
Comp Dep | 4.0% upfront 20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 68.6% (Int+Fee) |
Insurance Component | 0.1% - 14.6% |
Tax Component Range | 1.1% - 7.0% |
Full APR (int fee ins tax dep) | 81.7% - 111.2% |
Transparency Index (min/max) | 22 - 58 |
Transparency Index (average) | 27 |
64,244 |
INR 15,000 - 50,000 |
23 - 24 |
Credit Ins |
24.0% annual, Decl Bal |
1.00% upfront |
0.43% ongoing Y |
12.36% fees |
N/A |
22.9% - 23.8% |
0.7% - 1.9% |
3.9% - 4.5% |
0.1% - 0.2% |
28.5% - 29.5% |
81 - 84 |
83 |
Outstanding portfolio (PHP) | PHP 70,000,000 |
Portfolio (USD) | USD 1,674,641.15 |
Active Clients with Loans | 10,000 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | Bookeeping, consultancy |
Other (2) | Mortuary Fund/Life Insurance |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have experience running a business |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 364,461,070 |
Portfolio (USD) | USD 6,876,623.96 |
Active Clients with Loans | 64,244 |
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 | x |
Education | |
Other household finance | |
Other | For improving dairy livelihoods and buying inputs |
Other (2) | purchase of mulch animals,procurement of fodder |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
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 | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Joint Liability Group |
Other (2) |
# Regions for this institution | 17 |
# Regions for this product | 15 |
Regions Active | Andhra Pradesh, Bihar, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 100,000 |
Shortest loan term | 6.0 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 15,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 90% |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 23.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge (amortized) |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Mortuary Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 4.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 20 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
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 |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Credit Plus | Health Insurance | |
% of loan amount - min | 0.43% | 0 | |
% of loan amount - max | 0.43% | 0 | |
OR, Fixed amount - min | 0 | 130 | |
Fixed amount - max | 0 | 130 | |
Reason for variation | 4.26 per thousand per person per month | Rs. 130 per person | |
Appears on Repayment Sched? | Yes | 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 3,000 | PHP 6,000 | PHP 15,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-09-02 | 2011-03-10 | 2011-03-14 | 2011-07-21 | 2011-07-15 | 2011-07-12 | |||||
Loan Term (Months) | 5.8 months | 5.8 months | 6.0 months | 5.8 months | 5.8 months | 5.8 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 | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | 68.6% | |||||
Insurance Component | 14.6% | 7.2% | 2.9% | 1.5% | 0.4% | 0.4% | |||||
Tax Component | 7.0% | 7.0% | 6.9% | 6.9% | 6.9% | 6.9% | |||||
Deposit Component | 20.9% | 12.1% | 7.9% | 6.7% | 6.0% | 5.8% | |||||
Full APR (int fee ins tax dep) | 111.2% | 94.9% | 86.3% | 83.7% | 81.9% | 81.7% | |||||
Transparency Index | 22 | 25 | 28 | 29 | 29 | 29 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 20,000 | INR 20,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-26 | 2013-05-27 | 2013-05-27 | ||
Loan Term (Months) | 26.0 months | 36.0 months | 36.0 months | ||
Grace Period (Months) | 0.4 months | 0.4 months | 0.3 months | ||
Total Cost of Credit | INR 6,324.25 | INR 9,994.72 | INR 9,921.72 | ||
True Price by Comp | |||||
Interest price component | 23.8% | 23.8% | 23.8% | ||
Fee Component | 1.0% | 0.7% | 0.7% | ||
Insurance Component | 4.5% | 3.9% | 4.0% | ||
Tax Component | 0.2% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.5% | 28.5% | 28.6% | ||
MFIN MFI Earning (Annualised) | 24.8% | 24.5% | 24.5% | ||
MFIN Cost to Borrower (Annualised) | 29.5% | 28.5% | 28.6% | ||
Transparency Index | 81 | 84 | 84 | ||
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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