Please note that the information you are viewing is
156 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: 156 months
Key Statistics
Outstanding portfolio (PHP) | PHP 1,066,985.45 |
Portfolio (USD) | USD 25,525.97 |
Active Clients with Loans | 123 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
For additional farm inputs offered to existing and new clients
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Purchase of farm inputs |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Values Formation |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Engaged in farming activities |
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 5,000 |
Maximum loan size | 50,000 |
Loan Term and Grace Period
Shortest loan term | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Loan Service Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Loan Redemption Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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 | 5.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 200 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Life Insurance required only for those without general loan; Monthly repayment of interest and CBU, lump sum payment of principal at end of loan term. Quarterly payment of interest on savings (2% for 1st - 3rd loan cycle, 4% for 4th loan cycle up)
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | PHP 14,000 | | PHP 15,000 | | PHP 28,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | 20 | | 6 |
Disbursement Date | 2011-03-17 | | 2011-02-18 | | 2011-02-01 |
Loan Term (Months) | 4.0 months | | 4.0 months | | 4.0 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 | 44.6% | | 45.8% | | 46.2% |
Insurance Component | 6.6% | | 6.8% | | 6.9% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 3.7% | | 3.8% | | 3.3% |
Full APR (int fee ins tax dep) | 55.0% | | 56.5% | | 56.4% |
Transparency Index | 65 | | 64 | | 64 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs
Please note that the information you are viewing is
166 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: 2011-01-23
Data version: 1
Age of data: 166 months
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.nirmaanbharati.org/ |
Year established | 2006 |
Head of Institution | Moses Prashant Rao |
Regions active | |
# Branches | 7 |
Total Portfolio (nat'l) | INR 149,519,664 |
Total Portfolio (USD) | USD 2,821,125.74 |
Active clients with loans | 28,193 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | Sa-dhan |
28,193 Borrowers
USD 2,821,125.74 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
5k30w |
|
INR 5,000 - 10,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business, Consumer |
|
Women |
|
Group Mtgs |
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 |
5k30w |
|
0 |
|
34.6% - 34.8% |
|
34.6% - 34.8% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
5k30w |
|
15.0% annual, Flat |
|
1 Fee |
|
0 |
|
None |
|
N/A |
|
34.6% - 34.8% |
|
34.6% - 34.8% |
|
43 |