2. FONDECO
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Utkarsh
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

FONDECO Av. Pedro Ribera Méndez (Tercer Anillo Interno) esquina Chuubi, entre Av. Paraguá y Av. MutualistaSanta Cruz de la Sierra, Bolivia
Data approved: 2013-09-13
Data version: 2
Age of data: 130 months
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Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 139 months
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Product

Microcredito - BOB Product 3 of 3 « Prev | Next »

Product

Utkarsh Samridhi Product 4 of 4 « Prev | Next »

Product Summary

Number borrowers1,724
Loan Amount (range)BOB 3,500 - 735,000
Loan Term (range)3 - 84
Other Services (text summary)Credit Ins
Annual Interest & Method13.0%-36.0% annual, Decl Bal
Fees0.86%-2.86% upfront
Insurance0.17%-4.60% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component15.6% - 32.0%
Fee Component0.5% - 4.2%
Insurance Component0 - 0.9%
Tax Component Range0
Full APR (int fee ins tax dep)16.3% - 25.7%
Transparency Index (min/max)44 - 80
Transparency Index (average)62

Product Summary

151
INR 25,000 - 300,000
6 - 36
Business Training
29.0% 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%
32.6%
88 - 93
89

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 37,627,744.57
Portfolio (USD)USD 5,574,480.68
Active Clients with Loans1,724
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microcrédito es todo crédito concedido a un prestatario, sea persona natural o jurídica o grupo de prestatarios, con garantías personales, mancomunadas, solidarias, prendarias, hipotecarias u otras modalidades de garantías propias del sector rural
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculturex
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution6
# Regions for this product5
Regions ActiveBeni , Chuquisaca , Cochabamba , Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (INR)INR 6,030,318
Portfolio (USD)USD 113,779.58
Active Clients with Loans151
Approximate % Female Clients0% - 20%
Approximate % Urban Clients100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microenterprises Loan is provided to men and women with viable business operation. The loan size ranges between INR 25,000 to 3,00,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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
OtherMust have atleast 3 years of experience in existing business.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveUttar Pradesh

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 3,500
Maximum loan size735,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00030%
BOB 10,000-40,00040%
BOB 40,000-70,00010%
BOB 70,000-100,0005%
BOB 100,000-125,0005%
Greater than BOB 125,0005%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term84.0 months
Approx average41.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 monthsx
Every 12 months
Single end paymentx
Irregular paymentsx

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 25,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,00010%
INR 35,000-45,00020%
Greater than INR 45,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term36.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months0
Between 10 and 12 months70%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest13.00%
Highest quoted nominal interest36.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionComision por Gastos Administrativos
% of loan amount - min0.86%
% of loan amount - max2.86%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLas diferencias se dan por monto del crédito
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de Desgravamen
% of loan amount - min0.17%
% of loan amount - max4.60%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationSe 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
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest29.00%
Highest quoted nominal interest29.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Microcredito - BOB samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 9,000BOB 20,000BOB 34,300BOB 63,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-10-242014-01-282013-12-232013-11-15
Loan Term (Months)49.0 months48.0 months37.0 months50.0 months
Grace Period (Months)-0.1 months-0.2 months0.5 months1.7 months
Total Cost of CreditBOB 5,420.50BOB 10,255.83BOB 9,813.80BOB 34,946.18
True Price by Comp       
Interest price component24.1%21.1%15.6%21.1%
Fee Component1.0%0.6%0.6%0.5%
Insurance Component0.6%0.6%0.1%0.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.7%22.3%16.3%22.0%
Transparency Index51588059
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Utkarsh Samridhi samples
Sample 1Sample 2Sample 3
Loan AmountINR 30,000INR 50,000INR 60,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-192013-01-192013-01-19
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditINR 5,662.08INR 9,436.80INR 11,323.16
True Price by Comp     
Interest price component28.8%28.8%28.8%
Fee Component1.6%1.6%1.6%
Insurance Component2.0%2.0%2.0%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.6%32.6%32.6%
MFIN MFI Earning (Annualised)30.4%30.4%30.4%
MFIN Cost to Borrower (Annualised)32.6%32.6%32.6%
Transparency Index898989
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Microcredito - BOB 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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