Number borrowers | 1,226 |
Loan Amount (range) | USD 500 - 105,000 |
Loan Term (range) | 3 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 13.0%-36.0% annual, Decl Bal |
Fees | 0.80%-3.00% upfront |
Insurance | 0.17%-3.30% ongoing |
Tax | 15.00% Principal |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 15.6% - 32.0% |
Fee Component | 0.5% - 4.2% |
Insurance Component | 0 - 0.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 26.0% - 29.3% |
Transparency Index (min/max) | 44 - 80 |
Transparency Index (average) | 47 |
13,584 |
INR 18,000 - 25,000 |
24 |
Credit Educ, Group Mtgs, Tech Asst Visits |
25.9% annual, Decl Bal |
0.88% upfront |
1.00% upfront |
12.36% fees |
N/A |
25.6% - 28.8% |
0.9% - 1.7% |
1.1% - 2.0% |
0.1% - 0.3% |
28.0% - 28.3% |
88 - 93 |
92 |
Outstanding portfolio (USD) | USD 15,738,214.84 |
Portfolio (USD) | USD 15,738,214.84 |
Active Clients with Loans | 1,226 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
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 | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 233,063,070 |
Portfolio (USD) | USD 4,397,416.42 |
Active Clients with Loans | 13,584 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | Client age must be between 21 to 55. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Bihar, Uttar Pradesh |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 105,000 |
Loans less than USD 1,500 | 30% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 50.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | INR |
Minimum loan size | INR 18,000 |
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 | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
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 |
Lowest quoted nominal interest | 13.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
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 | Comision por Gastos Administrativos |
% of loan amount - min | 0.80% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Las diferencias se dan por monto del crédito |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.17% |
% of loan amount - max | 3.30% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se cobra mensualmente 0.55/1000 para el titular del préstamo, y se sube a 0.75/1000 cuando hay codeudor. |
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 | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 25.94% |
Highest quoted nominal interest | 25.94% |
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? | Yes |
Ins 1 | |
---|---|
Description | Insurance 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 |
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 | USD 2,500 | USD 3,850 | USD 7,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-11-15 | 2013-11-14 | 2013-07-03 | ||
Loan Term (Months) | 36.0 months | 49.0 months | 49.0 months | ||
Grace Period (Months) | -0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | USD 1,150.86 | USD 2,762.26 | USD 4,362.27 | ||
True Price by Comp | |||||
Interest price component | 25.1% | 28.1% | 24.8% | ||
Fee Component | 0.9% | 0.6% | 0.5% | ||
Insurance Component | 0.9% | 0.6% | 0.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 26.9% | 29.3% | 26.0% | ||
Transparency Index | 48 | 44 | 50 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 22,500 | INR 25,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-05 | 2013-02-07 | 2013-02-04 | ||
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 5,570.65 | INR 6,920.81 | INR 7,740.90 | ||
True Price by Comp | |||||
Interest price component | 25.9% | 25.8% | 26.1% | ||
Fee Component | 0.9% | 1.0% | 1.0% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.1% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.0% | 28.0% | 28.3% | ||
MFIN MFI Earning (Annualised) | 26.8% | 26.8% | 27.1% | ||
MFIN Cost to Borrower (Annualised) | 28.0% | 28.0% | 28.3% | ||
Transparency Index | 92 | 93 | 92 | ||
MFIN Transparency Index | 100 | 100 | 99 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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