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
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1986 |
Head of Institution | Angelo B. Solarte - OIC |
Regions active | |
# Branches | 99 |
Total Portfolio (nat'l) | PhP 1,052,841,254 |
Total Portfolio (USD) | USD 25,187,589.81 |
Active clients with loans | 212,959 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Opportunity International Network, Alliance for Philippine Partners in Enterprise Development (APPEND), Microfinance Council of the Philippines, Inc. (MCPI), Visayas Association of Microfinance Institutions |
Funders | OIKOCredit, Symbiotics SA, People's Credit and Finance Corporation (PCFC), National Livelihood Development Corporation (NLDC) |
6,341 Borrowers
USD 4,053,449.86 Portfolio
Active Product
206,618 Borrowers
USD 21,134,139.95 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
OKEY |
|
PHP 10,000 - 50,000 |
|
3 - 6 |
|
60% - 80% |
|
40% - 60% |
|
Business, Other |
|
Women, Men, Have business |
|
Credit Ins, Business Training, Other Training |
PKK |
|
PHP 3,000 - 15,000 |
|
6 |
|
80% - 100% |
|
20% - 40% |
|
Business, Other |
|
Women, Have business |
|
Group Mtgs, Credit Ins, Business Training |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
OKEY |
|
30.0% annual, Flat |
|
2 Fees |
|
1 Ins |
|
0.25% loan amt |
|
10.00% ongoing |
|
49.2% - 61.2% |
|
63% - 79% |
|
42 |
PKK |
|
41.6% annual, Flat |
|
1 Fee |
|
1 Ins |
|
0.25% loan amt |
|
150.00 upfront 1,500.00 ongoing |
|
71% - 87.1% |
|
97% - 157.2% |
|
36 |
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: 2010-10-25
Data version: 1
Age of data: 168 months
Key Statistics
Outstanding portfolio (INR) | INR 600,000 |
Portfolio (USD) | USD 11,320.75 |
Active Clients with Loans | 53 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
Other | |
Description
Loan is provided for repairing house like construction of new room, pucca roof or renovating house.
Loan Purpose
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Madhya Pradesh, Uttar Pradesh |
Loan Conditions
Loan Amount
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 20,000 |
Loan Term and Grace Period
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 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 | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 1.50% |
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 | Processing 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 Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 | | Ins 2 |
---|
Description | Insurance | | Insurance |
% of loan amount - min | 0 | | 0 |
% of loan amount - max | 0 | | 0 |
OR, Fixed amount - min | 40 | | 40 |
Fixed amount - max | 200 | | 200 |
Reason for variation | N/A | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | Some |
Criteria | Security deposit is not applicable for the loan upto Rs. 5000. |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 3.50% |
Maximum interest rate paid | 3.50% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Sambhav provide a recipt to every client for all the charges taken toward loan.
Full Pricing Data
House Repair samples
| Sample 1 |
---|
Loan Amount | INR 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-05-07 |
Loan Term (Months) | 18.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 33.9% |
Insurance Component | 1.4% |
Tax Component | 0 |
Deposit Component | 6.6% |
Full APR (int fee ins tax dep) | 41.9% |
MFIN MFI Earning (Annualised) | 33.9% |
MFIN Cost to Borrower (Annualised) | 41.9% |
Transparency Index | 43 |
MFIN Transparency Index | N/A |
| |
Original Repayment Schedule | PDF |
MFT Pricing Calculation | PDF |
* The APR stated here is an MFTransparency term, definition and formula
House Repair Price Graphs