| Number borrowers | 1,361 |
| Loan Amount (range) | PHP 2,000 - 150,000 |
| Loan Term (range) | 4.7 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Market linkages |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | None |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 20.0% upfront 50.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 50.9% - 64.2% (Int+Fee) |
| Insurance Component | 4.4% - 5.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 99.4% - 136.3% |
| Transparency Index (min/max) | 22 - 30 |
| Transparency Index (average) | 28 |
| 212,667 |
| INR 6,000 - 35,000 |
| 12 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Financial Literacy training, Life Insurance |
| 24.0%-25.0% annual, Decl Bal |
| 1.00% upfront |
| 120.00-200.00 upfront |
| 12.36% fees |
| N/A |
| 23.3% - 26.9% |
| 0 - 1.9% |
| 0 - 6.8% |
| 0 - 0.3% |
| 26.7% - 29.3% |
| 69 - 103 |
| 86 |
| Outstanding portfolio (PHP) | PHP 11,778,115 |
| Portfolio (USD) | USD 281,773.09 |
| Active Clients with Loans | 1,361 |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Market linkages |
| 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 max net income of 10,000 per family f 5 |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 2,035,260,536 |
| Portfolio (USD) | USD 38,401,142.19 |
| Active Clients with Loans | 212,667 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Financial Literacy training |
| Other (2) | Life Insurance |
| 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 | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
| Currency | PHP |
| Minimum loan size | PHP 2,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 4.7 months |
| Longest loan term | 12.0 months |
| Approx average | 4.7 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 6,000 |
| Maximum loan size | 35,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 70% |
| INR 15,000-25,000 | 30% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 16.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 70% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| 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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % 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? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 50 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 7.00% |
| Maximum interest rate paid | 7.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 25.00% |
| Reason(s) why interest rate varies | Time as Client |
| 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 | Credit Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 120 |
| Fixed amount - max | 200 |
| Reason for variation | Insurance covers customer and spouse up to Rs.35,000. It is on annual basis. |
| Appears on Repayment Sched? | No |
| 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 7,000 | PHP 15,000 | PHP 30,000 | PHP 50,000 | PHP 75,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 7 | 5 | 5 | 12 | 10 | 23 | |||||
| Disbursement Date | 2011-04-08 | 2010-10-08 | 2011-03-31 | 2010-12-16 | 2010-12-16 | 2011-01-21 | |||||
| Loan Term (Months) | 4.7 months | 4.7 months | 4.7 months | 4.7 months | 4.7 months | 4.7 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 | 61.2% | 64.2% | 61.0% | 50.9% | 51.4% | 62.3% | |||||
| Insurance Component | 5.4% | 5.6% | 5.4% | 4.4% | 4.5% | 5.5% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 32.8% | 36.2% | 33.0% | 46.1% | 47.5% | 68.5% | |||||
| Full APR (int fee ins tax dep) | 99.4% | 106.0% | 99.4% | 101.4% | 103.4% | 136.3% | |||||
| Transparency Index | 30 | 28 | 30 | 30 | 29 | 22 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 10,000 | INR 22,000 | INR 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | ||
| Loan Term (Months) | 12.0 months | 25.0 months | 25.0 months | ||
| Grace Period (Months) | 0.1 months | 1.0 month | 0.8 months | ||
| Total Cost of Credit | INR 1,641.36 | INR 4,912 | INR 6,621.08 | ||
| True Price by Comp | |||||
| Interest price component | 24.8% | 23.7% | 23.7% | ||
| Fee Component | 1.9% | 1.4% | 1.4% | ||
| Insurance Component | 2.4% | 2.0% | 1.5% | ||
| Tax Component | 0.2% | 0.2% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.3% | 27.3% | 26.7% | ||
| MFIN MFI Earning (Annualised) | 26.7% | 25.1% | 25.1% | ||
| MFIN Cost to Borrower (Annualised) | 29.3% | 27.3% | 26.7% | ||
| Transparency Index | 82 | 88 | 90 | ||
| MFIN Transparency Index | 97 | 100 | 100 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
