Number borrowers | 818 |
Loan Amount (range) | PHP 10,000 - 40,000 |
Loan Term (range) | 3 - 10 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 4.00% upfront |
Insurance | 170.00-300.00 upfront |
Tax | None |
Comp Dep | 5.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 84.5% - 85.9% (Int+Fee) |
Insurance Component | 3.0% - 60.4% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 99.6% - 108.9% |
Transparency Index (min/max) | 17 - 38 |
Transparency Index (average) | 34 |
801 |
INR 24,999 - 25,000 |
24 |
Credit Educ, Group Mtgs, Credit Ins |
26.0%-27.5% annual, Decl Bal |
1.00% upfront |
0.58% upfront |
12.36% fees |
N/A |
27.0% - 28.0% |
1.0% - 2.0% |
0.6% - 0.8% |
0.1% - 0.3% |
28.8% - 29.0% |
84 - 90 |
90 |
Outstanding portfolio (PHP) | PHP 2,100,000 |
Portfolio (USD) | USD 50,239.23 |
Active Clients with Loans | 818 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | x |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Community Development Program |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 13,011,983 |
Portfolio (USD) | USD 245,509.11 |
Active Clients with Loans | 801 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | x |
Group meetings | x |
Credit insurance | x |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | Must be supplying milk to procurers (Cooperatives or private) |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 40,000 |
Shortest loan term | 3.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 months |
Grace period usage | 100% |
Average grace period | DK |
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 24,999 |
Maximum loan size | 25,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 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 | 0.5 months |
Daily | |
Weekly | |
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 | 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 | Service Charge |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Mortuary Aid Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 170 |
Fixed amount - max | 300 |
Reason for variation | Covers client, spouse and 4 children below 21 years |
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 | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 27.50% |
Reason(s) why interest rate varies | Loan Size, Loan Tenure |
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 | |
---|---|
Description | Insurance Fees |
% of loan amount - min | 0.58% |
% of loan amount - max | 0.58% |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 16,000 | PHP 30,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-05-10 | 2011-04-19 | 2011-06-02 | 2011-05-10 | |||
Loan Term (Months) | 9.3 months | 9.3 months | 9.3 months | 9.3 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 85.2% | 84.5% | 85.9% | 84.5% | |||
Insurance Component | 6.4% | 5.9% | 3.2% | 3.1% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 17.4% | 16.4% | 12.4% | 12.0% | |||
Full APR (int fee ins tax dep) | 108.9% | 106.8% | 101.4% | 99.6% | |||
Transparency Index | 33 | 34 | 35 | 36 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 25,000 | INR 25,000 | INR 25,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-30 | 2013-03-28 | 2013-03-28 | ||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.5 months | 0.6 months | 0.4 months | ||
Total Cost of Credit | INR 8,518.38 | INR 8,518.38 | INR 8,518.38 | ||
True Price by Comp | |||||
Interest price component | 27.2% | 27.0% | 27.0% | ||
Fee Component | 1.0% | 1.1% | 1.0% | ||
Insurance Component | 0.7% | 0.6% | 0.7% | ||
Tax Component | 0.1% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.0% | 28.9% | 28.8% | ||
MFIN MFI Earning (Annualised) | 28.2% | 28.1% | 28.0% | ||
MFIN Cost to Borrower (Annualised) | 29.0% | 28.9% | 28.8% | ||
Transparency Index | 90 | 90 | 90 | ||
MFIN Transparency Index | 99 | 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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