Number borrowers | 1,096 |
Loan Amount (range) | BOB 24,000 - 140,000 |
Loan Term (range) | 1 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 16.0%-27.0% annual, Decl Bal |
Fees | None |
Insurance | 0.07%-0.39% upfront 0.07%-0.39% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 15.6% - 29.5% |
Fee Component | 0 |
Insurance Component | 0.7% - 1.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 16.4% - 18.5% |
Transparency Index (min/max) | 52 - 98 |
Transparency Index (average) | 92 |
356 |
INR 1,000 - 25,000 |
24.19 - 48.37 |
Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
22.0% annual, Decl Bal |
1.00% upfront |
5.17-22.56 upfront |
12.36% fees |
N/A |
21.8% - 34.0% |
1.1% - 11.6% |
0 - 16.6% |
0.1% - 1.5% |
24.0% - 24.3% |
51 - 92 |
91 |
Outstanding portfolio (BOB) | BOB 194,376,135 |
Portfolio (USD) | USD 28,796,464.44 |
Active Clients with Loans | 1,096 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | |
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 | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 8,350,520 |
Portfolio (USD) | USD 157,556.98 |
Active Clients with Loans | 356 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
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 | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | x |
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 | All active members applying for this loan should have successfully completed 2 loan cycles of IGL Pragati/Pragati Plus loan. |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | BOB |
Minimum loan size | BOB 24,000 |
Maximum loan size | 140,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 5% |
BOB 40,000-70,000 | 15% |
BOB 70,000-100,000 | 30% |
BOB 100,000-125,000 | 10% |
Greater than BOB 125,000 | 10% |
Shortest loan term | 1.0 month |
Longest loan term | 6.0 months |
Approx average | 5.5 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 1,000 |
Maximum loan size | 25,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.2 months |
Longest loan term | 48.4 months |
Approx average | 25.6 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 | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 27.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk |
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 anticipado |
% of loan amount - min | 0.07% |
% of loan amount - max | 0.39% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 0.07% |
% of loan amount - max | 0.39% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 0.065% per month, charged on the outstanding loan principal. |
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 | 22.00% |
Highest quoted nominal interest | 22.00% |
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 | 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 | Insurance Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5.17 |
Fixed amount - max | 22.56 |
Reason for variation | 104 week loan = Rs 5.17 per Rs 1000 (fee for Spouse Rs 5.17 per Rs 1000). 156 week loan = Rs 8.02 per Rs 1000 (fee for Spouse Rs 8.02 per Rs 1000). 208 week loan = Rs 11.28 per Rs 1000 (fee for Spouse Rs 11.28 per Rs 1000) |
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 | |||
---|---|---|---|---|---|
Loan Amount | BOB 80,000 | BOB 80,000 | BOB 135,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-20 | 2013-07-19 | 2013-10-18 | ||
Loan Term (Months) | 5.9 months | 6.0 months | 5.9 months | ||
Grace Period (Months) | 0.0 months | 5.0 months | 4.9 months | ||
Total Cost of Credit | BOB 5,529.67 | BOB 6,712 | BOB 11,874 | ||
True Price by Comp | |||||
Interest price component | 17.4% | 15.6% | 16.6% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 1.1% | 0.8% | 0.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 18.5% | 16.4% | 17.4% | ||
Transparency Index | 86 | 98 | 92 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 20,000 | INR 20,000 | INR 20,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-03 | 2013-04-25 | 2013-03-28 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 5,445.72 | INR 5,216.72 | INR 5,495.72 | ||
True Price by Comp | |||||
Interest price component | 21.8% | 22.0% | 21.8% | ||
Fee Component | 1.1% | 1.1% | 1.1% | ||
Insurance Component | 1.0% | 1.1% | 1.3% | ||
Tax Component | 0.1% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 24.0% | 24.3% | 24.3% | ||
MFIN MFI Earning (Annualised) | 22.9% | 23.1% | 22.9% | ||
MFIN Cost to Borrower (Annualised) | 24.0% | 24.3% | 24.3% | ||
Transparency Index | 92 | 91 | 91 | ||
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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