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

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Institution

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

Data approved: 2011-11-15

Data version: 1

Age of data: 162 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 16,000,000
Portfolio (USD)	USD 382,775.12
Active Clients with Loans	5,775
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Credit extended to clients for income-generating activities. Uses group lending .

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

Eligibility

Men
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	50,000

Loan Term and Grace Period

Shortest loan term	2.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	24.00%
Highest quoted nominal interest	24.00%
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 = ( / 2) x loan term (in years). Life insurance = x .7 (for 6 month term); .8 for 7 month term. GRT = 5% of interest and service fees

Full Pricing Data

Micropinay samples

	Sample 1	Sample 2	Sample 3
Loan Amount	PHP 7,000	PHP 15,000	PHP 30,000
Loan Cycle (1, 2, 3, etc)	3	11	Not Known
Disbursement Date	2011-04-15	2011-06-08	2010-11-12
Loan Term (Months)	6.0 months	5.9 months	11.8 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	75.5%	72.9%	72.8%
Insurance Component	3.1%	3.2%	3.4%
Tax Component	5.2%	5.2%	6.1%
Deposit Component	2.9%	3.9%	3.7%
Full APR (int fee ins tax dep)	86.8%	85.1%	85.9%
Transparency Index	28	28	28

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

Micropinay Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	143
AMPL	0	0	0	143
Arman	41,500	529,107,000	1	143
Arohan	43,500	8,091,000	2	143
ASA INDIA	164,000	15,380,000	1	143
Asirvad	113,500	19,328,000	1	143
Asmitha	1,114,800	217,867,000	1	143
Bandhan	4,048,600	674,564,000	5	143
Belstar	123,000	23,945,000	2	121
BSFL	275,200	31,590,000	3	143
Chaitanya	20,700	3,748,000	3	143
Disha Microfin	69,000	14,332,000	2	143
Equitas	1,220,000	186,415,000	4	143
ESAF	354,200	43,500,000	5	143
FFSL	150,600	35,719,000	2	143
Fusion	66,800	9,820,000	2	143
Grama Vidiyal	738,200	102,101,000	1	143
Grameen Koota	586,600	83,555,000	15	145
Janalakshmi	506,000	119,077,000	2	143
L & T Finance	399,800	37,199,000	1	143
MFL	331,800	49,083,000	1	143
MMFL	175,000	23,752,000	2	143
Mpower	13,600	2,263,000	2	143
Sahayata	0	0	0	143
Saija	24,700	4,682,000	2	143
Samasta	45,500	4,809,000	2	143
Satin	405,600	90,174,000	2	143
SCCI	115,600	15,910,000	2	143
Share	2,195,400	376,727,000	1	143
SKS	3,409,000	355,029,000	2	143
SMILE	360,200	56,927,000	1	143
SNFL	9,400	1,779,000	1	143
Sonata Finance	158,200	22,724,000	3	145
Spandana	533,400	147,240,000	2	143
Suryoday	78,600	14,713,000	3	143
SVCL	118,200	18,886,000	1	143
Swadhaar	92,800	17,166,000	3	143
Trident	68,700	8,852,000	1	143
Ujjivan	913,300	160,848,000	5	143
Utkarsh	168,600	25,915,000	3	143
VFS	175,400	19,264,000	2	143
Asomi	50,300	4,743,000	2	175
AES India	3,600	286,000	1	175
Arth	2,900	611,000	2	175
Asomi	50,300	4,743,000	2	175
Barasat GS	1,100	99,508.02	1	175
BJS	6,000	468,000	1	175
Cashpor	417,000	50,452,000	1	174
Credible	10,000	1,669,540.36	2	175
DIBAKAR	1,800	145,000	1	174
GOF	65,200	5,388,000	4	174
Hope	62,600	4,407,000	1	172
Jaago	2,700	237,000	1	173
LOK	4,900	573,000	1	174
Nano	25,600	3,660,000	2	175
NBSAAVS	28,100	2,821,000	1	172
Nirantara	8,200	917,000	2	174
Parama	7,100	482,000	1	174
Pragathi	26,200	4,579,000	6	174
PWMACS	36,500	5,946,000	1	174
Saadhana	90,900	12,046,000	2	174
Sambhav	1,500	183,000	3	174
Seba Rahara	6,700	468,000	1	174
SU	61,100	5,498,000	1	174
Swayanshree	7,900	918,000	2	174
Vikas Samiti	1,600	168,000	1	174
Vistaar	4,300	1,157,000	2	172
We The People	1,100	244,000	2	174
WEMCS	1,100	85,000	1	174
Yukti	1,100	99,000	2	174

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 Country

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