Number borrowers | 3,990 |
Loan Amount (range) | BOB 16,000 - 350,000 |
Loan Term (range) | 3 - 119 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 18.0%-27.5% annual, Decl Bal |
Fees | None |
Insurance | 1.41%-1.46% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 12.1% - 27.6% |
Fee Component | 0 |
Insurance Component | 0.2% - 2.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 19.5% - 28.4% |
Transparency Index (min/max) | 8 - 1062 |
Transparency Index (average) | 100 |
1,114,873 |
INR 14,999 - 35,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, National Pension Scheme collabaration with LIC. |
24.0%-26.0% annual, Decl Bal |
1.00% upfront |
1.00%-1.05% upfront |
12.36% fees |
N/A |
25.7% - 26.0% |
1.1% - 2.1% |
2.1% - 2.3% |
0.1% - 0.3% |
29.3% - 30.5% |
79 - 82 |
80 |
Outstanding portfolio (BOB) | BOB 222,131,142 |
Portfolio (USD) | USD 32,908,317.33 |
Active Clients with Loans | 3,990 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 11,546,957,921 |
Portfolio (USD) | USD 217,867,130.60 |
Active Clients with Loans | 1,114,873 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | National Pension Scheme collabaration with LIC. |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
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 | x |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 14 |
# Regions for this product | 14 |
Regions Active | Andhra Pradesh, Bihar, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal |
Currency | BOB |
Minimum loan size | BOB 16,000 |
Maximum loan size | 350,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 30% |
BOB 40,000-70,000 | 40% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 10% |
Greater than BOB 125,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 119.0 months |
Approx average | 45.0 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 | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 14,999 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 5% |
INR 25,000-35,000 | 15% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 20% |
Grace period usage | 100% |
Average grace period | 1 Week |
Daily | |
Weekly | x |
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 | 1.50% |
Highest quoted nominal interest | 2.29% |
Reason(s) why interest rate varies | Collateral |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 1.41% |
% of loan amount - max | 1.46% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente. |
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 | 24.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Branch, 24% applied in AP. In other states, 26% p.a. is applied. |
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 | Credit Life Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.05% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% on a 1 year loan & 1.05% on 2 year loans. |
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 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 25,000 | BOB 35,000 | BOB 50,000 | BOB 65,000 | BOB 115,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2014-01-08 | 2014-01-08 | 2014-01-08 | 2014-01-08 | 2014-01-08 | ||||
Loan Term (Months) | 36.0 months | 36.0 months | 36.0 months | 36.0 months | 36.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | BOB 9,496.07 | BOB 15,939.45 | BOB 16,231.63 | BOB 32,111.56 | BOB 38,380.78 | ||||
True Price by Comp | |||||||||
Interest price component | 21.6% | 25.6% | 18.6% | 27.6% | 19.1% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 0.8% | 0.8% | 0.9% | 0.8% | 0.9% | ||||
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) | 22.4% | 26.4% | 19.5% | 28.4% | 20.0% | ||||
Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 25,000 | INR 30,000 | INR 35,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-30 | 2012-11-28 | 2012-11-28 | 2012-12-11 | |||
Loan Term (Months) | 12.0 months | 25.0 months | 24.0 months | 25.0 months | |||
Grace Period (Months) | 0.2 months | 0.3 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | INR 2,360 | INR 8,100 | INR 9,551 | INR 11,256 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 26.0% | 25.7% | 26.0% | |||
Fee Component | 2.1% | 1.1% | 1.1% | 1.1% | |||
Insurance Component | 2.1% | 2.3% | 2.3% | 2.3% | |||
Tax Component | 0.3% | 0.1% | 0.2% | 0.1% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.5% | 29.5% | 29.3% | 29.5% | |||
MFIN MFI Earning (Annualised) | 28.1% | 27.1% | 26.8% | 27.1% | |||
MFIN Cost to Borrower (Annualised) | 30.5% | 29.5% | 29.3% | 29.5% | |||
Transparency Index | 79 | 81 | 82 | 81 | |||
MFIN Transparency Index | 92 | 92 | 93 | 92 | |||
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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