Please note that the information you are viewing is
158 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 496,900,000 |
| Portfolio (USD) | USD 11,887,559.81 |
| Active Clients with Loans | 96,603 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
This loan product can be used for client's business expansion or start-up. The primary loan. A borrower cannot avail of any other loan without this, except if you are already availing the individual loan.
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 | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Insurance - life, accident, burial assistance for member & family |
| Other (2) | Savings / Medical and dental missions |
| No other services | |
Eligibility
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) | |
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 1,000 |
| Maximum loan size | 30,000 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.7 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 | 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 |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Service Charge | | Development Cost |
| % of loan amount - min | 3.00% | | 5.00% |
| % of loan amount - max | 3.00% | | 5.00% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | amortized over the loan term | | amortized over the loan term |
| Appears on Repayment Sched? | Yes | | Yes |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | MAF |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10 |
| Fixed amount - max | 32 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
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 | 5.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 1 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Development Cost is used for staff training and capacity building. Included in weekly savings deposit is Pag-asa fund (group fund. Weekly savings is P1/loan cycle.
Full Pricing Data
General Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 8,000 | | PHP 8,000 | | PHP 10,000 | | PHP 22,000 |
| Loan Cycle (1, 2, 3, etc) | 3 | | 3 | | 9 | | 16 |
| Disbursement Date | 2011-06-29 | | 2011-06-29 | | 2011-06-22 | | 2011-06-22 |
| Loan Term (Months) | 6.0 months | | 6.0 months | | 12.0 months | | 6.0 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 | 85.6% | | 85.6% | | 69.7% | | 85.6% |
| Insurance Component | 21.6% | | 21.6% | | 16.4% | | 12.6% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 11.6% | | 11.6% | | 11.1% | | 10.4% |
| Full APR (int fee ins tax dep) | 118.7% | | 118.7% | | 97.2% | | 108.6% |
| Transparency Index | 25 | | 25 | | 31 | | 28 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
General Loan Price Graphs
Please note that the information you are viewing is
168 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-01-06
Data version: 1
Age of data: 168 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.hopefoundationindia.net/ |
| Year established | 2005 |
| Head of Institution | Mr. Raju Kuriachen |
| Regions active | |
| # Branches | 42 |
| Total Portfolio (nat'l) | INR 233,623,428 |
| Total Portfolio (USD) | USD 4,407,989.21 |
| Active clients with loans | 62,669 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
62,669 Borrowers
USD 4,407,989.21 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| Income Generation Loan |
|
INR 3,000 - 20,000 |
|
12 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women, Have business, Have home or land, Salaried worker |
|
Credit Educ, Group Mtgs, Credit Ins |
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 |
| Income Generation Loan |
|
0 |
|
31.1% |
|
33.4% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| Income Generation Loan |
|
12.0% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
31.1% |
|
33.4% |
|
36 |
