Mallig Plains Rural Bank (Isabela), Inc. - Masipag Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Mallig Plains Rural Bank (Isabela), Inc. CentroMallig, Isabela3323

Data approved: 2011-11-15

Data version: 1

Age of data: 160 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 10,800,000
Portfolio (USD)	USD 258,373.21
Active Clients with Loans	765
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Credit extended to clients for use as working capital in their microenterprises. Uses individual lending methodology.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 5,000
Maximum loan size	100,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Service Fee (per annum)	Notarial Fee
% of loan amount - min	12.00%	0
% of loan amount - max	12.00%	0
OR, Fixed amount - min	0	100
Fixed amount - max	0	100
Reason for variation		N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Life Insurance
% of loan amount - min	0.70%
% of loan amount - max	1.30%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	5.00% - N/A
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0.50%
Maximum interest rate paid	0.50%
Interest payment frequency	Quarterly

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	0
All or some fees taxed	N/A

Additional Comments

Doc Stamps = (Loan amount / 2) x loan term (in years). Life insurance = Loan amount x .7 (for 6 month term); .8 for 7 month term. GRT = 5% of interest and service fees

Full Pricing Data

Masipag Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	PHP 8,000	PHP 15,000	PHP 30,000	PHP 40,000	PHP 85,000
Loan Cycle (1, 2, 3, etc)	1	3	2	2	5
Disbursement Date	2011-03-29	2011-07-22	2010-12-08	2011-05-31	2011-06-28
Loan Term (Months)	5.7 months	5.5 months	11.3 months	3.8 months	5.6 months
Grace Period (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
True Price by Comp
Interest and Fee Component	86.8%	86.1%	83.9%	81.2%	81.8%
Insurance Component	3.3%	3.5%	3.6%	3.3%	3.3%
Tax Component	5.9%	6.0%	6.4%	5.5%	5.9%
Deposit Component	21.6%	22.9%	43.4%	13.0%	20.8%
Full APR (int fee ins tax dep)	117.6%	118.5%	137.3%	103.0%	111.9%
Transparency Index	26	25	22	29	27

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Masipag Loan Price Graphs

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Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Jaago Samajik Arthik Harit Vikas Sangathan 305, Chandralok Tower,Kapoorthala,Lucknow, Uttar Pradesh226024

Data approved: 2010-12-10

Data version: 1

Age of data: 171 months

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Institution Details

Institution Type	Other
Is this institution regulated?	No
Website address	http://www.jaago.org/
Year established	2007
Head of Institution	Pragyesh Singh
Regions active
# Branches	4

Total Portfolio (nat'l)	INR 12,599,383
Total Portfolio (USD)	USD 237,724.21
Active clients with loans	2,716
Approximate % female clients	80% - 100%
Approximate % urban clients	40% - 60%
Network affiliations

Loan Products » Summary

IGL

2,716 Borrowers

USD 237,724.21 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
IGL		INR 5,000 - 20,000		8 - 15		80% - 100%		40% - 60%		Business		Women, Have business, Have home or land		Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Signature, Financial Discipline

Loan Products » MFIN India Additional Information

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
IGL		0		28.9% - 30.6%		30.1% - 33.3%								N/A

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Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
IGL		24.0% annual, Decl Bal		1 Fee		1 Ins		None		N/A		28.9% - 30.6%		30.1% - 33.3%		76

Institution Price Graph

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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By Inst Type


By Country

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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Masipag Loan samples

Masipag Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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