Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1989 |
Head of Institution | Engr. Panfilo Asares |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | PhP 101,848,650 |
Total Portfolio (USD) | USD 2,436,570.57 |
Active clients with loans | 12,752 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Microfinance Council of the Philippines, Inc. |
Funders |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sccimicrofinance.com/ |
Year established | 1995 |
Head of Institution | Mrs. R.Girija |
Regions active | Andhra Pradesh, Karnataka, Maharashtra, Orissa, Tamil Nadu |
# Branches | 83 |
Total Portfolio (nat'l) | INR 892,862,262 |
Total Portfolio (USD) | USD 16,846,457.77 |
Active clients with loans | 121,066 |
Approximate % female clients | 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | MFIN, SA-DHAN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | PHP 20,000 - 150,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Women, Men | Tech Asst Visits, Other Training, Mortuary Fund/Life insurance | |||||||
Hiram (Group Loan) | PHP 3,000 - 100,000 | 6 | 60% - 80% | 20% - 40% | Business | Women, Men, Must have experience running a business | Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fortnightly Loan | INR 5,000 - 30,000 | 12 - 24 | 100% | 60% - 80% | Business, Education | Women, Have business, Low HH Inc, Med HH Inc, 3 Out of 5 members should have own house in a group, Age should be above 18 and upto 58 | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Weekly JLG | INR 5,000 - 30,000 | 12 - 24 | 100% | 80% - 100% | Business, Education | Women, Have business, Low HH Inc, Med HH Inc, 3 out of 5 members should have own house, Age should be above 18 and upto 58 | Credit Educ, Group Mtgs, Credit Ins, Business Training, Product Linkages |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 2.0% upfront | 38.3% - 55.9% | 41.1% - 60.3% | 46 | ||||||||
Hiram (Group Loan) | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.25% loan amt | 4.0% upfront 20.00 ongoing | 68.6% | 81.7% - 111.2% | 27 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fortnightly Loan | 26.8% - 27.3% | 29.1% - 29.6% | 30.9% - 31.5% | Yes | Yes | Yes | 93 | |||||||
Weekly JLG | 25.8% - 26.6% | 28% - 28.8% | 29.8% - 30.6% | Yes | Yes | Yes | 96 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fortnightly Loan | 25.0%-26.7% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 29.1% - 29.6% | 30.9% - 31.5% | 80 | ||||||||
Weekly JLG | 25.0%-26.7% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 28% - 28.8% | 29.8% - 30.6% | 83 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | 0.50% loan amt | 2.0% upfront | 38.3% - 55.9% | 41.1% - 60.3% | 46 | ||||||||
Hiram (Group Loan) | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | 0.25% loan amt | 4.0% upfront 20.00 ongoing | 68.6% | 81.7% - 111.2% | 27 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fortnightly Loan | 26.8% - 27.3% | 29.1% - 29.6% | 30.9% - 31.5% | Yes | Yes | Yes | 93 | |||||||
Weekly JLG | 25.8% - 26.6% | 28% - 28.8% | 29.8% - 30.6% | Yes | Yes | Yes | 96 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fortnightly Loan | 25.0%-26.7% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 29.1% - 29.6% | 30.9% - 31.5% | 80 | ||||||||
Weekly JLG | 25.0%-26.7% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 28% - 28.8% | 29.8% - 30.6% | 83 |
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