| Number borrowers | 5,000 |
| Loan Amount (range) | PHP 1,000 - 150,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 3.00% ongoing 5.00% ongoing |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 67.2% - 85.6% (Int+Fee) |
| Insurance Component | 0 - 21.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 67.2% - 85.9% |
| Transparency Index (min/max) | 25 - 50 |
| Transparency Index (average) | 41 |
| 154,956 |
| INR 6,000 - 15,000 |
| 12 - 14 |
| Credit Educ, Group Mtgs, Tech Asst Visits |
| 25.9% annual, Decl Bal |
| 0.88% upfront |
| 1.00% upfront |
| 12.36% fees |
| N/A |
| 25.6% - 28.8% |
| 0.9% - 1.7% |
| 1.1% - 2.0% |
| 0.1% - 0.3% |
| 29.4% - 29.6% |
| 88 - 93 |
| 88 |
| Outstanding portfolio (PHP) | PHP 17,900,000 |
| Portfolio (USD) | USD 428,229.67 |
| Active Clients with Loans | 5,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 1,134,408,127 |
| Portfolio (USD) | USD 21,403,926.92 |
| Active Clients with Loans | 154,956 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| 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 | |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | Client age must be between 21 to 55. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Bihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand |
| Currency | PHP |
| Minimum loan size | PHP 1,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 9.0 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 | 15,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 100% |
| INR 15,000-25,000 | 0 |
| 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 | 14.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 100% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| 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 |
| 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 |
| Required for | Some |
| Criteria | Only for clients who avail of loan over P30,000 with 10% maintaining balance based on the loan amount. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.50% |
| Maximum interest rate paid | 2.50% |
| Interest payment frequency | Weekly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 25.94% |
| Highest quoted nominal interest | 25.94% |
| 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 | 0.88% |
| % of loan amount - max | 0.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance 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 |
| 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 4,000 | PHP 15,000 | PHP 20,000 | PHP 20,000 | PHP 20,000 | PHP 25,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | 1 | 1 | 5 | |||||
| Disbursement Date | 2011-08-25 | 2011-08-25 | 2011-08-25 | 2011-09-02 | 2011-09-02 | 2011-08-25 | |||||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 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 | 85.6% | 68.0% | 67.2% | 71.0% | 71.0% | 68.0% | |||||
| Insurance Component | 0.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.4% | 2.5% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 85.9% | 75.3% | 67.2% | 71.0% | 71.0% | 68.0% | |||||
| Transparency Index | 35 | 40 | 45 | 42 | 42 | 44 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 10,000 | INR 10,000 | INR 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-02-12 | 2013-04-23 | 2013-02-04 | ||
| Loan Term (Months) | 14.0 months | 12.0 months | 14.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | INR 1,770.36 | INR 1,720.36 | INR 2,655.54 | ||
| True Price by Comp | |||||
| Interest price component | 25.9% | 25.6% | 25.9% | ||
| Fee Component | 1.6% | 1.7% | 1.6% | ||
| Insurance Component | 1.9% | 1.8% | 1.9% | ||
| Tax Component | 0.2% | 0.3% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.6% | 29.4% | 29.6% | ||
| MFIN MFI Earning (Annualised) | 27.5% | 27.3% | 27.5% | ||
| MFIN Cost to Borrower (Annualised) | 29.6% | 29.4% | 29.6% | ||
| Transparency Index | 88 | 88 | 88 | ||
| MFIN Transparency Index | 100 | 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 ∞ | ||||||
