Number borrowers | 38,960 |
Loan Amount (range) | BOB 400 - 80,000 |
Loan Term (range) | 1 - 18 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 26.0%-30.5% annual, Decl Bal |
Fees | None |
Insurance | 0.07%-1.17% upfront 0.07%-1.17% 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) | 26.9% - 30.4% |
Transparency Index (min/max) | 52 - 98 |
Transparency Index (average) | 90 |
53 |
INR 5,000 - 20,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins |
18.0% annual, Flat |
2.00% upfront |
40.00-200.00 upfront 40.00-200.00 upfront |
None |
10.0% upfront |
N/A |
33.9% (Int+Fee) |
1.4% - 4.1% |
0 |
41.9% |
33 - 80 |
43 |
Outstanding portfolio (BOB) | BOB 123,167,793 |
Portfolio (USD) | USD 18,247,080.44 |
Active Clients with Loans | 38,960 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 600,000 |
Portfolio (USD) | USD 11,320.75 |
Active Clients with Loans | 53 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | x |
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 | |
Other (2) | |
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 | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Madhya Pradesh, Uttar Pradesh |
Currency | BOB |
Minimum loan size | BOB 400 |
Maximum loan size | 80,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 18.0 months |
Approx average | 7.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 60% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 15% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 20,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 | 26.00% |
Highest quoted nominal interest | 30.50% |
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 | 1.17% |
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 | 1.17% |
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 | 1.50% |
Highest quoted nominal interest | 1.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Insurance | Insurance | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 40 | 40 | |
Fixed amount - max | 200 | 200 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | Some |
Criteria | Security deposit is not applicable for the loan upto Rs. 5000. |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 3.50% |
Maximum interest rate paid | 3.50% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 400 | BOB 1,500 | BOB 5,000 | BOB 6,000 | BOB 14,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-08-29 | 2013-08-29 | 2013-09-17 | 2013-07-22 | 2013-07-18 | ||||
Loan Term (Months) | 5.8 months | 5.8 months | 8.0 months | 9.0 months | 5.6 months | ||||
Grace Period (Months) | 0.2 months | 0.2 months | -0.1 months | 0.4 months | 0.0 months | ||||
Total Cost of Credit | BOB 33.45 | BOB 124.09 | BOB 515.02 | BOB 782.63 | BOB 970.18 | ||||
True Price by Comp | |||||||||
Interest price component | 29.3% | 29.3% | 26.1% | 29.5% | 26.2% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 1.0% | 1.0% | 0.8% | 0.9% | 1.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 30.3% | 30.3% | 26.9% | 30.4% | 27.2% | ||||
Transparency Index | 86 | 86 | 97 | 86 | 96 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | |
---|---|
Loan Amount | INR 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-05-07 |
Loan Term (Months) | 18.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 33.9% |
Insurance Component | 1.4% |
Tax Component | 0 |
Deposit Component | 6.6% |
Full APR (int fee ins tax dep) | 41.9% |
MFIN MFI Earning (Annualised) | 33.9% |
MFIN Cost to Borrower (Annualised) | 41.9% |
Transparency Index | 43 |
MFIN Transparency Index | N/A |
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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