Number borrowers | 1,142 |
Loan Amount (range) | USD 150 - 15,000 |
Loan Term (range) | 4 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 18.0%-34.0% annual, Decl Bal |
Fees | None |
Insurance | 0.16%-2.40% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 19.8% - 36.7% |
Fee Component | 0 - 1.5% |
Insurance Component | 0 - 0.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 22.6% - 31.0% |
Transparency Index (min/max) | 52 - 94 |
Transparency Index (average) | 60 |
1,106 |
INR 6,000 - 12,000 |
12 - 24 |
Credit Educ, Group Mtgs, Tech Asst Visits |
22.0%-26.0% annual, Decl Bal |
1.00% upfront |
None |
12.36% fees |
N/A |
21.5% - 27.9% |
1.2% - 2.3% |
0 |
0.1% - 0.3% |
23.4% - 23.6% |
85 - 94 |
93 |
Outstanding portfolio (USD) | USD 2,510,126.83 |
Portfolio (USD) | USD 2,510,126.83 |
Active Clients with Loans | 1,142 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (INR) | INR 7,475,410.75 |
Portfolio (USD) | USD 141,045.49 |
Active Clients with Loans | 1,106 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Sanitation Purposes |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
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 | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 3 |
Regions Active | Chhattisgarh, Madhya Pradesh, Maharashtra |
Currency | USD |
Minimum loan size | USD 150 |
Maximum loan size | 15,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 80% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 60.0 months |
Approx average | 26.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 5% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 12,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
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 | 100% |
Between 13 and 18 months | 0 |
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 |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
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 | El Cliente Seguro de Vida |
% of loan amount - min | 0.16% |
% of loan amount - max | 2.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo 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 | 22.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
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 |
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 | All |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 3,000 | USD 5,000 | USD 5,250 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-12 | 2013-12-12 | 2013-04-17 | ||
Loan Term (Months) | 48.0 months | 18.0 months | 48.0 months | ||
Grace Period (Months) | 0.1 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | USD 2,264.26 | USD 936.61 | USD 3,383.86 | ||
True Price by Comp | |||||
Interest price component | 30.6% | 22.1% | 26.5% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.4% | 0.5% | 0.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.0% | 22.6% | 26.9% | ||
Transparency Index | 52 | 71 | 59 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 12,000 | INR 12,000 | INR 12,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-18 | 2013-02-14 | 2013-02-14 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 2,662.83 | INR 2,662.83 | INR 2,662.83 | ||
True Price by Comp | |||||
Interest price component | 22.2% | 22.0% | 22.0% | ||
Fee Component | 1.2% | 1.2% | 1.2% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.6% | 23.4% | 23.4% | ||
MFIN MFI Earning (Annualised) | 23.4% | 23.2% | 23.2% | ||
MFIN Cost to Borrower (Annualised) | 23.6% | 23.4% | 23.4% | ||
Transparency Index | 93 | 94 | 94 | ||
MFIN Transparency Index | 99 | 100 | 100 | ||
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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