Number borrowers | 1,253 |
Loan Amount (range) | PHP 5,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins, Tech Asst Visits, Business Training, Seminar on Livelihoods |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 4.00% upfront |
Insurance | 0.40%-1.30% upfront 10.00 ongoing |
Tax | None |
Comp Dep | 5.0% upfront 0.02% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 78.1% - 78.2% (Int+Fee) |
Insurance Component | 2.8% - 30.8% |
Tax Component Range | 0.8% - 4.9% |
Full APR (int fee ins tax dep) | 97.0% - 113.0% |
Transparency Index (min/max) | 18 - 32 |
Transparency Index (average) | 29 |
42,080 |
INR 12,000 - 15,000 |
15 - 18 |
Credit Educ, Group Mtgs, Credit Ins |
26.0%-28.5% annual, Decl Bal |
1.00% upfront |
198.00-234.00 upfront |
12.36% fees |
N/A |
24.9% - 27.9% |
1.0% - 1.6% |
2.1% - 2.7% |
0.1% - 0.2% |
29.4% - 30.7% |
82 - 90 |
87 |
Outstanding portfolio (PHP) | PHP 26,449,638.61 |
Portfolio (USD) | USD 632,766.47 |
Active Clients with Loans | 1,253 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
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 | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Seminar on Livelihoods |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | Has 2 valid IDs, Barangay Clearance, DTI |
Other (2) | 2 years resident in area |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 383,625,000 |
Portfolio (USD) | USD 7,238,207.55 |
Active Clients with Loans | 42,080 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
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 | Must be economically active |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Gujarat |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
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 12,000 |
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 | 15.0 months |
Longest loan term | 18.0 months |
Approx average | DK |
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 | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
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 | |
---|---|
Description | Service Charge |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 0.40% |
% of loan amount - max | 1.30% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Mutual Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 10 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0.02% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 28.50% |
Reason(s) why interest rate varies | To comply with extant RBI guidelines on pricing |
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 | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Service tax extra |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance (Credit Shield) Premium |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 198 |
Fixed amount - max | 234 |
Reason for variation | The premium is based on period of insurance coverage which can be either 18 or 19 months, depending upon the loan tenor |
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 8,000 | PHP 15,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | PHP 125,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | 2011-07-04 | |||||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | 5.6 months | 5.6 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 | 78.2% | 78.1% | 78.1% | 78.1% | 78.1% | 78.1% | |||||
Insurance Component | 15.0% | 9.5% | 6.6% | 4.9% | 4.3% | 4.0% | |||||
Tax Component | 3.0% | 1.6% | 1.7% | 1.2% | 1.1% | 0.8% | |||||
Deposit Component | 16.8% | 15.3% | 14.8% | 14.3% | 14.2% | 14.1% | |||||
Full APR (int fee ins tax dep) | 113.0% | 104.6% | 101.3% | 98.5% | 97.7% | 97.0% | |||||
Transparency Index | 27 | 29 | 30 | 30 | 31 | 31 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 12,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-01 | 2012-10-02 | 2012-11-08 | ||
Loan Term (Months) | 19.0 months | 16.0 months | 15.0 months | ||
Grace Period (Months) | 0.3 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | INR 3,985.54 | INR 2,427.83 | INR 3,088.54 | ||
True Price by Comp | |||||
Interest price component | 27.1% | 24.9% | 25.5% | ||
Fee Component | 1.3% | 1.6% | 1.6% | ||
Insurance Component | 2.1% | 2.7% | 2.1% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.7% | 29.4% | 29.4% | ||
MFIN MFI Earning (Annualised) | 28.4% | 26.5% | 27.1% | ||
MFIN Cost to Borrower (Annualised) | 30.7% | 29.4% | 29.4% | ||
Transparency Index | 85 | 88 | 88 | ||
MFIN Transparency Index | 96 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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