2. Ecofuturo
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Janalakshmi
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ecofuturo S.A. Calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2013-12-31
Data version: 2
Age of data: 130 months
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Institution

Janalakshmi Financial Services (P) Ltd. Rajashree Saroja Plaza, 34/1, Andree Road,ShanthinagarBangalore, Karnataka560027
Data approved: 2013-05-03
Data version: 2
Age of data: 139 months
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Product

Eco - BOB Product 1 of 12 « Prev | Next »

Product

Education Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers48,785
Loan Amount (range)BOB 350 - 3,500,000
Loan Term (range)3 - 120
Other Services (text summary)Credit Ins
Annual Interest & Method10.0%-30.0% annual, Decl Bal
FeesNone
Insurance0.25%-9.96% ongoing Y
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component9.9% - 28.9%
Fee Component0
Insurance Component0.9% - 1.9%
Tax Component Range0
Full APR (int fee ins tax dep)16.0% - 29.3%
Transparency Index (min/max)24 - 67
Transparency Index (average)40

Product Summary

161
INR 5,000 - 20,000
12 - 24
Credit Educ
24.0% annual, Decl Bal
178.00 upfront 2.00%-0.00% upfront
None
12.36% fees
10.0% upfront
 
27.5% - 29.6%
1.0% - 5.9%
0 - 1.7%
0.1% - 0.7%
40.4% - 41.8%
57 - 86
58

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 1,083,496,153
Portfolio (USD)USD 160,517,948.60
Active Clients with Loans48,785
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Este es un producto de crédito individual consolidado y desembolsado en BOB, que incluye los siguientes subproductos Ecofuturo: Eco-Disponible, Eco-Individual, Eco-Agropecuario, Eco-Consumo, y Eco-Productivo.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculturex
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,988,319
Portfolio (USD)USD 37,515.45
Active Clients with Loans161
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Education loan is provided to individuals to use for financing activities specifically related to education.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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
OtherMust have children who are studying until the age of 24 yrs.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveGujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 350
Maximum loan size3,500,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00050%
BOB 10,000-40,00030%
BOB 40,000-70,00010%
BOB 70,000-100,0005%
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term120.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less50%
Between 4 and 6 months30%
Between 7 and 9 months10%
Between 10 and 12 months5%
Between 13 and 18 months0
Longer than 18 months5%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00050%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months5%
Longer than 18 months15%
Grace Period
Grace period usage90%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest10.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Size, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionSeguro de DesgravamenSeguro de Todo Riesgo
% of loan amount - min0.25%0
% of loan amount - max9.96%0.80%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationFee is 0.083%, charged each month the outstanding loan principal only.Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient.
Appears on Repayment Sched?YesYes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionDocumentation FeeProcessing Fee
% of loan amount - min02.00%
% of loan amount - max00
OR, Fixed amount - min1780
Fixed amount - max178600
Reason for variationN/AMaximum Rs. 600
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedAll

Full Pricing Data

Eco - BOB samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountBOB 9,000BOB 14,000BOB 20,000BOB 21,000BOB 35,000BOB 140,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-102013-11-122014-02-042014-01-152014-02-032013-11-20
Loan Term (Months)37.0 months18.0 months37.0 months37.0 months43.0 months121.0 months
Grace Period (Months)-0.1 months0.0 months-0.1 months0.0 months-0.1 months0.0 months
Total Cost of CreditBOB 4,673.98BOB 3,200.36BOB 9,745.42BOB 10,616.11BOB 14,973.58BOB 140,044.64
True Price by Comp           
Interest price component27.7%26.8%26.1%27.0%21.9%15.0%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component1.6%1.8%1.6%1.5%1.7%1.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.3%28.6%27.7%28.5%23.6%16.0%
Transparency Index343536354262
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Education Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 20,000INR 20,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-252013-06-052013-06-07
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.2 months-1.0 months-1.0 months
Total Cost of CreditINR 3,894.44INR 3,772.44INR 3,741.44
True Price by Comp     
Interest price component27.5%28.0%28.0%
Fee Component5.5%5.8%5.9%
Insurance Component0.0%0.0%0.0%
Tax Component0.7%0.7%0.7%
Deposit Component6.7%7.1%7.2%
Full APR (int fee ins tax dep)40.4%41.6%41.8%
MFIN MFI Earning (Annualised)33.0%33.8%33.9%
MFIN Cost to Borrower (Annualised)40.4%41.6%41.8%
Transparency Index595857
MFIN Transparency Index878686
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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