Number borrowers | 4,409 |
Loan Amount (range) | BOB 3,500 - 68,600 |
Loan Term (range) | 3 - 48 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 11.0%-30.0% annual, Decl Bal |
Fees | None |
Insurance | 0.25%-3.98% ongoing Y |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 9.9% - 28.9% |
Fee Component | 0 |
Insurance Component | 0.9% - 1.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 21.1% - 26.6% |
Transparency Index (min/max) | 24 - 67 |
Transparency Index (average) | 45 |
10,150 |
INR 5,000 - 15,000 |
12 |
Credit Educ, Group Mtgs, Credit Ins |
26.0% annual, Decl Bal |
0.88% upfront |
1.20% upfront |
12.36% fees |
N/A |
25.8% - 27.3% |
1.4% - 2.4% |
2.1% - 3.5% |
0.2% - 0.4% |
30.1% - 30.5% |
79 - 88 |
85 |
Outstanding portfolio (BOB) | BOB 65,566,023 |
Portfolio (USD) | USD 9,713,484.89 |
Active Clients with Loans | 4,409 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Construcción de Vivienda |
Other (2) | Refacción, remodelación y ampliación |
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 | x |
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 , PotosÃ, Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 76,016,641 |
Portfolio (USD) | USD 1,434,276.25 |
Active Clients with Loans | 10,150 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Joint Liability Groups (JLGs) |
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 | |
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 | Could be used in income generating activities. |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | BOB |
Minimum loan size | BOB 3,500 |
Maximum loan size | 68,600 |
Loans less than BOB 10,000 | 20% |
BOB 10,000-40,000 | 70% |
BOB 40,000-70,000 | 10% |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 31.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 10% |
Longer than 18 months | 80% |
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 | x |
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 | 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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 11.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguo de Todo Riesgo | |
% of loan amount - min | 0.25% | 0 | |
% of loan amount - max | 3.98% | 0.32% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | Fee is 0.083%, charged each month on 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? | Yes | 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 | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | 0.88% |
% of loan amount - max | 0.88% |
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 | 1.20% |
% of loan amount - max | 1.20% |
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 | BOB 5,000 | BOB 28,000 | BOB 35,000 | BOB 49,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-12-15 | 2013-12-14 | 2013-11-12 | 2013-12-10 | |||
Loan Term (Months) | 18.0 months | 49.0 months | 37.0 months | 49.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | BOB 1,129.12 | BOB 16,447.90 | BOB 13,635.72 | BOB 21,303.70 | |||
True Price by Comp | |||||||
Interest price component | 24.9% | 23.1% | 23.1% | 20.1% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 1.7% | 1.5% | 1.7% | 1.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 26.6% | 24.6% | 24.8% | 21.1% | |||
Transparency Index | 41 | 45 | 44 | 52 | |||
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 | 2012-10-12 | 2012-10-18 | 2012-10-17 | 2012-10-12 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 13.0 months | 12.0 months | |||
Grace Period (Months) | 0.1 months | 0.2 months | 0.4 months | 0.1 months | |||
Total Cost of Credit | INR 788 | INR 796 | INR 1,688 | INR 1,609 | |||
True Price by Comp | |||||||
Interest price component | 25.9% | 25.9% | 25.8% | 25.9% | |||
Fee Component | 1.8% | 1.8% | 1.7% | 1.8% | |||
Insurance Component | 2.6% | 2.5% | 2.4% | 2.5% | |||
Tax Component | 0.2% | 0.2% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.5% | 30.4% | 30.1% | 30.4% | |||
MFIN MFI Earning (Annualised) | 27.7% | 27.7% | 27.5% | 27.7% | |||
MFIN Cost to Borrower (Annualised) | 30.5% | 30.4% | 30.1% | 30.4% | |||
Transparency Index | 85 | 85 | 86 | 85 | |||
MFIN Transparency Index | 100 | 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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