2. MWIMPC
Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Maranding Women Investors Multipurpose Cooperative 2nd Floor, Fabian Flores Cultural CenterMarandingLala, Lanao del Norte/Region X9211
Data approved: 2011-12-07
Data version: 1
Age of data: 159 months

Product

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Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 29,689,334.19
Portfolio (USD)USD 710,271.15
Active Clients with Loans4,364
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
To provide additional capital to micro-entrepreneurs via group loans who are willing to adopt discipline, capital build up formation and promote thriftiness and savings.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other18-69 y.o.
Other (2)CI/BI
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 6,200
Maximum loan size12,400
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
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 interest1.75%
Highest quoted nominal interest5.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeNotarial Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min24.80
Fixed amount - max297.60
Reason for variationPHP 2. per one thousand x no. of months
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 80
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Savings (Upfront): Exisitng 1% CBU and 1% Savings to apply. Savings (Continuing): PHP 3. Savings + PHP 5. CBU

Full Pricing Data

Trinity Loan samples
Sample 1Sample 2Sample 3
Loan AmountPHP 7,400PHP 7,400PHP 7,400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-07-302011-08-082011-08-08
Loan Term (Months)6.1 months6.1 months6.1 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component49.7%49.7%49.7%
Insurance Component4.9%4.9%4.9%
Tax Component0.0%0.0%0.0%
Deposit Component49.7%49.7%49.7%
Full APR (int fee ins tax dep)104.4%104.4%104.4%
Transparency Index202020
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Trinity Loan Price Graphs


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  2. WEMCS
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

WOMENS EMPOWERMENT & MICRO CREDIT SERVICES R.O-107,AHIAPUR,ANCHAL-HASPURA,DIST-AURANGABAD,BIHAR,INDIA,PIN-824120H.O-A/204,SANGEETA SASWATAM APARTMENT,NEAR SHYAMAL HOSPITAL,MOURYA PATH,BAILEY ROAD,PATNA-800014,BIHPATNA, BIHAR800014
Data approved: 2010-10-25
Data version: 1
Age of data: 172 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.wemcs.co.in/
Year established2008
Head of InstitutionASHWINI KUMAR SINHA
Regions active
# Branches2

Total Portfolio (nat'l)INR 4,507,144
Total Portfolio (USD)USD 85,040.45
Active clients with loans1,143
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations

Loan Products » Summary

IGL
1,143 Borrowers
USD 85,040.45 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 - 10,000 6 - 12 80% - 100% 0% - 20% Business Women Credit Educ, Group Mtgs, Credit Ins, Other Training

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 39.3% 42.6% 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 15.0% annual, Flat 1 Fee 1 Ins None N/A 39.3% 42.6% 35
Institution Price Graph
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Key Statistics
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# 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
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