Number borrowers | 50 |
Loan Amount (range) | USD 6,000 - 50,000 |
Loan Term (range) | 37 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 8.0%-10.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 7.8% - 28.0% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 8.7% - 9.5% |
Transparency Index (min/max) | 52 - 101 |
Transparency Index (average) | 88 |
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 (USD) | USD 612,841.02 |
Portfolio (USD) | USD 612,841.02 |
Active Clients with Loans | 50 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Activo Fijo |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
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 | USD |
Minimum loan size | USD 6,000 |
Maximum loan size | 50,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 0 |
USD 5,000-10,000 | 20% |
USD 10,000-15,000 | 30% |
USD 15,000-18,000 | 15% |
Greater than USD 18,000 | 15% |
Shortest loan term | 37.0 months |
Longest loan term | 60.0 months |
Approx average | 59.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
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 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 | 8.00% |
Highest quoted nominal interest | 10.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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? | 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 | ||
---|---|---|---|
Loan Amount | USD 13,520 | USD 18,500 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2013-05-15 | 2014-04-07 | |
Loan Term (Months) | 61.0 months | 24.0 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | USD 3,222.74 | USD 1,830.73 | |
True Price by Comp | |||
Interest price component | 8.7% | 9.5% | |
Fee Component | 0.0% | 0.0% | |
Insurance Component | 0.0% | 0.0% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 8.7% | 9.5% | |
Transparency Index | 92 | 85 | |
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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