FFP Prodem S.A. - Crédito Solidario - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 129 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

FFP Prodem S.A. Belisario Salinas # 520La Paz13963

Data approved: 2013-09-06

Data version: 2

Age of data: 129 months

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Institution

Grama Vidiyal Microfinance Limited 2A Sathiya Illam,10th cross, Alli street,Annamalai NagarTrichy, Tamil Nadu620018

Data approved: 2013-05-06

Data version: 2

Age of data: 139 months

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Product

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Product Summary

738,218
INR 10,000 - 15,000
6 - 12
Credit Educ, Group Mtgs
26.0% annual, Decl Bal
1.00% upfront
86.00 upfront
12.36% fees
N/A

23.3% - 23.7%
2.1% - 4.2%
1.9% - 3.0%
0.2% - 0.5%
27.5% - 31.4%
83 - 94
87

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (BOB)	BOB 7,712
Portfolio (USD)	USD 1,142.52
Active Clients with Loans	8
Approximate % Female Clients	100%
Approximate % Urban Clients	0

Description

Credito conformado entre 3 a 6 personas, en donde existe garantia cruzada entre los componentes del grupo solidario.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Eligibility

Men	x
Women	x
Must run a business
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 institution	9
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 5,411,394,265
Portfolio (USD)	USD 102,101,778.60
Active Clients with Loans	738,218
Approximate % Female Clients	100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

The loan will be given to the members who are involved in the activty of income generation purpose. The loan amount will be Rs10,000 - Rs15,000 having tenure of 25 weeks and 50 weeks

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	4
# Regions for this product	4
Regions Active	Madhya Pradesh, Maharashtra, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 10,000
Maximum loan size	15,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	10%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Life Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	86
Fixed amount - max	86
Reason for variation	Insurance value offered is 20,000
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

General Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 10,000	INR 12,000	INR 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-01-03	2013-01-23	2013-02-08
Loan Term (Months)	12.0 months	5.8 months	5.9 months
Grace Period (Months)	0.1 months	0.0 months	0.0 months
Total Cost of Credit	INR 1,398.36	INR 940.83	INR 1,154.54
True Price by Comp
Interest price component	23.3%	23.7%	23.5%
Fee Component	2.1%	4.2%	4.1%
Insurance Component	1.9%	3.0%	2.3%
Tax Component	0.2%	0.5%	0.5%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	27.5%	31.4%	30.4%
MFIN MFI Earning (Annualised)	25.4%	27.9%	27.6%
MFIN Cost to Borrower (Annualised)	27.5%	31.4%	30.4%
Transparency Index	94	83	85
MFIN Transparency Index	100	100	100

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

General Loan Price Graphs

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

General Loan samples

General Loan Price Graphs

Total Borrowers of Samples

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