| Number borrowers | 92 |
| Loan Amount (range) | PHP 30,000 - 150,000 |
| Loan Term (range) | 6 - 24 |
| Other Services (text summary) | Credit Ins, Business Training |
| Annual Interest & Method | 28.8%-36.0% annual, Flat |
| Fees | 1.50%-3.00% upfront |
| Insurance | 32.00% upfront 240.00 upfront |
| Tax | None |
| Comp Dep | 10.0% upfront 100.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 47.2% - 69.4% (Int+Fee) |
| Insurance Component | 0 - 13.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 65.1% - 89.7% |
| Transparency Index (min/max) | 32 - 95 |
| Transparency Index (average) | 35 |
| 37,941 |
| INR 5,000 - 15,000 |
| 15 |
| Credit Educ, Group Mtgs, Credit Ins |
| 28.4% annual, Decl Bal |
| 1.00% upfront |
| 0.73%-0.74% upfront |
| 12.36% fees |
| N/A |
| 25.0% - 31.1% |
| 1.6% - 2.3% |
| 1.1% - 1.4% |
| 0.2% - 0.5% |
| 29.1% - 34.4% |
| 83 - 98 |
| 91 |
| Outstanding portfolio (PHP) | PHP 4,274,666.40 |
| Portfolio (USD) | USD 102,264.75 |
| Active Clients with Loans | 92 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | |
| 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 | Must have colateral or a co-borrower |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 377,601,000 |
| Portfolio (USD) | USD 7,124,547.17 |
| Active Clients with Loans | 37,941 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| 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 | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Assam, Bihar, West Bengal |
| Currency | PHP |
| Minimum loan size | PHP 30,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| 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 |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| 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 | 15.0 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 | 0 |
| Average grace period | DK |
| 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 |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | On time payment |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Encumberance Fee |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Grepalife MRI | MBA Credit Life | |
| % of loan amount - min | 32.00% | 0 | |
| % of loan amount - max | 32.00% | 0 | |
| OR, Fixed amount - min | 0 | 240 | |
| Fixed amount - max | 0 | 240 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 28.40% |
| Highest quoted nominal interest | 28.40% |
| 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? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 0.73% |
| % of loan amount - max | 0.74% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 30,000 | PHP 60,000 | PHP 80,000 | PHP 100,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-05-30 | 2009-08-20 | 2011-04-26 | 2011-05-30 | |||
| Loan Term (Months) | 6.0 months | 24.0 months | 11.2 months | 11.2 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 | 63.1% | 47.2% | 69.4% | 69.3% | |||
| Insurance Component | 3.8% | 1.8% | 2.8% | 2.5% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 18.2% | 16.2% | 17.2% | 17.9% | |||
| Full APR (int fee ins tax dep) | 85.0% | 65.1% | 89.4% | 89.7% | |||
| Transparency Index | 34 | 44 | 32 | 32 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 5,000 | INR 10,000 | INR 10,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-10-27 | 2012-10-06 | 2012-10-28 | 2012-10-27 | |||
| Loan Term (Months) | 15.0 months | 15.0 months | 16.0 months | 15.0 months | |||
| Grace Period (Months) | -0.7 months | 0.0 months | 0.4 months | -0.7 months | |||
| Total Cost of Credit | INR 1,092.68 | INR 997.19 | INR 2,185.36 | INR 1,985.36 | |||
| True Price by Comp | |||||||
| Interest price component | 31.1% | 26.0% | 26.8% | 28.5% | |||
| Fee Component | 1.8% | 1.6% | 1.6% | 1.7% | |||
| Insurance Component | 1.3% | 1.2% | 1.1% | 1.4% | |||
| Tax Component | 0.2% | 0.3% | 0.2% | 0.2% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 34.4% | 29.1% | 29.7% | 31.8% | |||
| MFIN MFI Earning (Annualised) | 32.9% | 27.6% | 28.4% | 30.2% | |||
| MFIN Cost to Borrower (Annualised) | 34.4% | 29.1% | 29.7% | 31.8% | |||
| Transparency Index | 83 | 98 | 96 | 89 | |||
| MFIN Transparency Index | 91 | 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 |
|---|---|---|---|---|---|---|---|
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