Number borrowers | 1,500 |
Loan Amount (range) | PHP 5,000 - 150,000 |
Loan Term (range) | 1 - 6 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 24.0%-36.0% annual, Flat |
Fees | 232.40-6,474.00 upfront 100.00-325.00 upfront |
Insurance | 16.25-591.50 upfront |
Tax | 0.50% loan amt |
Comp Dep | 10.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 77.5% - 85.5% (Int+Fee) |
Insurance Component | 1.5% - 35.2% |
Tax Component Range | 5.5% - 7.7% |
Full APR (int fee ins tax dep) | 92.7% - 102.3% |
Transparency Index (min/max) | 22 - 26 |
Transparency Index (average) | 25 |
28,193 |
INR 5,000 - 10,000 |
12 |
Group Mtgs |
15.0% annual, Flat |
2.50% upfront |
None |
None |
N/A |
N/A |
34.6% - 34.8% (Int+Fee) |
0 |
0 |
34.6% - 34.8% |
43 |
43 |
Outstanding portfolio (PHP) | PHP 25,000,000 |
Portfolio (USD) | USD 598,086.12 |
Active Clients with Loans | 1,500 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 149,519,664 |
Portfolio (USD) | USD 2,821,125.74 |
Active Clients with Loans | 28,193 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
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 | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 1.0 month |
Longest loan term | 6.0 months |
Approx average | 4.0 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 5,000 |
Maximum loan size | 10,000 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Randomly selected by the bank's system |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Bank Charge | Processing Fee | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 232.40 | 100 | |
Fixed amount - max | 6,474 | 325 | |
Reason for variation | N/a | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Mortgage Redemption Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 16.25 |
Fixed amount - max | 591.50 |
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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
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 | 2.50% |
% of loan amount - max | 2.50% |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 7,000 | PHP 13,000 | PHP 30,000 | PHP 60,000 | PHP 90,000 | PHP 130,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-05-27 | 2011-05-20 | 2011-05-06 | 2011-06-03 | 2011-04-08 | 2011-03-11 | |||||
Loan Term (Months) | 4.0 months | 3.0 months | 3.0 months | 5.1 months | 6.1 months | 6.1 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 | 85.5% | 81.0% | 77.5% | 77.7% | 78.3% | 78.7% | |||||
Insurance Component | 1.5% | 2.1% | 2.1% | 2.0% | 2.0% | 2.0% | |||||
Tax Component | 5.9% | 7.7% | 7.4% | 5.5% | 5.7% | 5.7% | |||||
Deposit Component | 9.4% | 6.0% | 5.7% | 8.5% | 8.9% | 8.6% | |||||
Full APR (int fee ins tax dep) | 102.3% | 96.8% | 92.7% | 93.7% | 94.9% | 95.1% | |||||
Transparency Index | 23 | 25 | 26 | 26 | 25 | 25 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | |
Loan Cycle (1, 2, 3, etc) | 1 | 2 | |
Disbursement Date | 2010-09-28 | 2010-09-30 | |
Loan Term (Months) | 11.7 months | 11.7 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 34.8% | 34.6% | |
Insurance Component | 0.0% | 0.0% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 34.8% | 34.6% | |
MFIN MFI Earning (Annualised) | 34.8% | 34.6% | |
MFIN Cost to Borrower (Annualised) | 34.8% | 34.6% | |
Transparency Index | 43 | 43 | |
MFIN Transparency Index | N/A | N/A | |
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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