Number borrowers | 1,171 |
Loan Amount (range) | PHP 5,000 - 25,000 |
Loan Term (range) | 3.7 - 12.1 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 24.0%-30.0% annual, Flat |
Fees | 4.00%-6.00% upfront 130.00 upfront |
Insurance | 182.50 upfront 1.13% upfront |
Tax | None |
Comp Dep | 3.0% upfront 20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 70.9% - 86.0% (Int+Fee) |
Insurance Component | 2.9% - 10.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 98.2% - 115.6% |
Transparency Index (min/max) | 21 - 24 |
Transparency Index (average) | 22 |
2,875 |
INR 500 - 1,000 |
2.56 - 2.79 |
Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
22.0% annual, Decl Bal |
1.00% upfront |
None |
12.36% fees |
N/A |
21.8% - 34.0% |
1.1% - 11.6% |
0 - 16.6% |
0.1% - 1.5% |
31.9% - 32.1% |
51 - 92 |
69 |
Outstanding portfolio (PHP) | PHP 9,589,793 |
Portfolio (USD) | USD 229,420.89 |
Active Clients with Loans | 1,171 |
Approximate % Female Clients | 80% - 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 | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 366,443 |
Portfolio (USD) | USD 6,914.02 |
Active Clients with Loans | 2,875 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
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 | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans. |
Other (2) | The member who opts for healthcare services under SNDPAP scheme is eligible for the loan. |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 25,000 |
Shortest loan term | 3.7 months |
Longest loan term | 12.1 months |
Approx average | 6.0 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 500 |
Maximum loan size | 1,000 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
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 | 2.6 months |
Longest loan term | 2.8 months |
Approx average | 2.6 months |
Loans 3 months or less | 100% |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Branch, Client Risk, Additional Services |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Filing Fee/Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 6.00% | 0 | |
OR, Fixed amount - min | 0 | 130 | |
Fixed amount - max | 0 | 130 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Basic Life Insurance (annual fee) | Loan Insurance | |
% of loan amount - min | 0 | 1.13% | |
% of loan amount - max | 0 | 1.13% | |
OR, Fixed amount - min | 182.50 | 0 | |
Fixed amount - max | 182.50 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 20 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.50% |
Maximum interest rate paid | 4.50% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
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 | 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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 10,000 | PHP 15,000 | PHP 20,000 | PHP 25,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | 1 | Not Known | |||
Disbursement Date | 2011-09-26 | 2011-09-30 | 2011-09-30 | 2011-09-27 | |||
Loan Term (Months) | 6.1 months | 12.1 months | 6.1 months | 6.1 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 | 86.0% | 70.9% | 86.0% | 85.4% | |||
Insurance Component | 2.9% | 6.2% | 7.1% | 10.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 9.4% | 24.7% | 17.6% | 19.3% | |||
Full APR (int fee ins tax dep) | 98.2% | 101.8% | 110.6% | 115.6% | |||
Transparency Index | 24 | 24 | 22 | 21 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 500 | INR 800 | INR 500 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-07 | 2013-02-07 | 2013-02-07 | ||
Loan Term (Months) | 2.6 months | 2.6 months | 2.6 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 19.62 | INR 31.99 | INR 19.62 | ||
True Price by Comp | |||||
Interest price component | 22.6% | 22.9% | 22.6% | ||
Fee Component | 8.3% | 8.2% | 8.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 1.0% | 1.0% | 1.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.9% | 32.1% | 31.9% | ||
MFIN MFI Earning (Annualised) | 30.9% | 31.1% | 30.9% | ||
MFIN Cost to Borrower (Annualised) | 31.9% | 32.1% | 31.9% | ||
Transparency Index | 69 | 69 | 69 | ||
MFIN Transparency Index | 97 | 96 | 97 | ||
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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