Please note that the information you are viewing is
127 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-08-20
Data version: 2
Age of data: 127 months
Key Statistics
Outstanding portfolio (BOB) | BOB 62,143,357.40 |
Portfolio (USD) | USD 9,206,423.32 |
Active Clients with Loans | 5,195 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Metodología de crédito direccionado a la provisión de microcréditos a clientes urbanos y rurales dedicados a actividades económicas de: comercio, servicios, pequeña industria y agropecuaria.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
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) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
Loan Conditions
Loan Amount
Currency | BOB |
Minimum loan size | BOB 1,000 |
Maximum loan size | 106,000 |
Distribution at Disbursement (Est.)
Loans less than BOB 10,000 | 40% |
BOB 10,000-40,000 | 50% |
BOB 40,000-70,000 | 10% |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 4.0 months |
Longest loan term | 60.0 months |
Approx average | 26.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 5% |
Longer than 18 months | 80% |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
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 |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| 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 |
Compulsory Deposit
Required for | Never |
Criteria | N/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 deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Full Pricing Data
Microcrédito Productivo Individual (BOB) samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | BOB 2,500 | | BOB 7,000 | | BOB 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2013-12-10 | | 2013-12-05 | | 2013-12-10 |
Loan Term (Months) | 12.0 months | | 18.0 months | | 30.0 months |
Grace Period (Months) | 0.0 months | | 3.1 months | | 0.0 months |
Total Cost of Credit | BOB 417.17 | | BOB 1,934.76 | | BOB 5,210.65 |
True Price by Comp | | | | | |
Interest price component | 25.6% | | 26.4% | | 24.2% |
Fee Component | 0.0% | | 0.0% | | 0.0% |
Insurance Component | 0.4% | | 0.4% | | 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) | 26.0% | | 26.8% | | 24.6% |
Transparency Index | 61 | | 60 | | 65 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Microcrédito Productivo Individual (BOB) Price Graphs
Please note that the information you are viewing is
168 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-11-15
Data version: 1
Age of data: 168 months
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2001 |
Head of Institution | M.Ernest Paul |
Regions active | |
# Branches | 41 |
Total Portfolio (nat'l) | INR 668,968,774 |
Total Portfolio (USD) | USD 12,622,052.34 |
Active clients with loans | 90,929 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | |
89,438 Borrowers
USD 11,528,500 Portfolio
Active Product
1,491 Borrowers
USD 518,326.42 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
General Loan |
|
INR 8,000 - 22,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
Micro Enterprise Development Loan |
|
INR 25,000 - 50,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
Loan Products » MFIN India Additional Information
Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
General Loan |
|
0% |
|
26.2% - 27.7% |
|
28.3% - 32.2% |
|
|
|
|
|
|
|
N/A |
Micro Enterprise Development Loan |
|
0% |
|
27.6% - 27.8% |
|
27.6% - 27.8% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
General Loan |
|
12.5% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
26.2% - 27.7% |
|
28.3% - 32.2% |
|
41 |
Micro Enterprise Development Loan |
|
12.5% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
27.6% - 27.8% |
|
27.6% - 27.8% |
|
45 |