Number borrowers | 1,235 |
Loan Amount (range) | USD 200 - 12,000 |
Loan Term (range) | 6 - 96 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 12.0%-36.0% annual, Decl Bal |
Fees | None |
Insurance | 0.09%-0.10% upfront 0.05%-0.82% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 16.1% - 37.9% |
Fee Component | 0 |
Insurance Component | 1.0% - 1.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 19.1% - 37.0% |
Transparency Index (min/max) | 32 - 96 |
Transparency Index (average) | 48 |
45,000 |
INR 4,999.50 - 5,000 |
12 |
Credit Educ, Group Mtgs, Credit Ins |
25.5% annual, Decl Bal |
1.00% upfront |
0.73% upfront |
12.36% fees |
N/A |
24.4% - 25.4% |
1.0% - 2.1% |
1.5% - 2.2% |
0.1% - 0.3% |
28.1% - 29.3% |
87 - 92 |
89 |
Outstanding portfolio (USD) | USD 1,858,914.10 |
Portfolio (USD) | USD 1,858,914.10 |
Active Clients with Loans | 1,235 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | x |
Education | x |
Other household finance | |
Other | Capital de Operación - Inversión |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
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 | 9 |
# Regions for this product | 7 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 120,000,000 |
Portfolio (USD) | USD 2,264,150.94 |
Active Clients with Loans | 45,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
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 | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Tamil Nadu |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 12,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 80% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 96.0 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 | 5% |
Between 13 and 18 months | 15% |
Longer than 18 months | 80% |
Grace period usage | 10% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 4,999.50 |
Maximum loan size | 5,000 |
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 | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 12.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 0.09% |
% of loan amount - max | 0.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es: (0.085% X monto del crédito) + ((0.085% X monto del crédito) / número de días entre el desembolso y la fecha de la primera cuota) |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 0.05% |
% of loan amount - max | 0.82% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Comisión de 0.085% mensual aplicado sólo al saldo del capital remanente del crédito. |
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? | No |
Lowest quoted nominal interest | 25.50% |
Highest quoted nominal interest | 25.50% |
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 |
Ins 1 | |
---|---|
Description | Term Life Insurance |
% of loan amount - min | 0.73% |
% of loan amount - max | 0.73% |
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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 1,200 | USD 3,000 | USD 5,000 | USD 5,000 | USD 10,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2014-01-05 | 2014-01-10 | 2014-01-10 | 2014-01-06 | 2014-01-03 | ||||
Loan Term (Months) | 20.0 months | 12.0 months | 18.0 months | 30.0 months | 12.0 months | ||||
Grace Period (Months) | 0.2 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | USD 215.27 | USD 425.36 | USD 1,420.74 | USD 2,769 | USD 1,064.09 | ||||
True Price by Comp | |||||||||
Interest price component | 18.1% | 24.1% | 32.0% | 36.0% | 18.1% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 1.0% | 1.0% | 1.1% | 1.0% | 1.1% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 19.1% | 25.1% | 33.1% | 37.0% | 19.2% | ||||
Transparency Index | 63 | 48 | 36 | 32 | 63 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 5,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-28 | 2013-02-28 | 2013-02-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 11.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.0 months | ||
Total Cost of Credit | INR 776 | INR 776 | INR 740 | ||
True Price by Comp | |||||
Interest price component | 24.4% | 24.4% | 25.3% | ||
Fee Component | 2.0% | 2.0% | 2.1% | ||
Insurance Component | 1.5% | 1.5% | 1.6% | ||
Tax Component | 0.2% | 0.2% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.1% | 28.1% | 29.3% | ||
MFIN MFI Earning (Annualised) | 26.4% | 26.4% | 27.4% | ||
MFIN Cost to Borrower (Annualised) | 28.1% | 28.1% | 29.3% | ||
Transparency Index | 91 | 91 | 87 | ||
MFIN Transparency Index | 100 | 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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