IDEPRO DESARROLLO EMPRESARIAL - Promicro - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 129 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

IDEPRO DESARROLLO EMPRESARIAL Calle Campos No 132, esquina Av. AcreLa Paz, La Paz14236

Data approved: 2013-10-04

Data version: 2

Age of data: 129 months

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Institution

Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West Bengal700107

Data approved: 2010-10-25

Data version: 1

Age of data: - months

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Product

Promicro Product 13 of 14 « Prev | Next »

Product

Saral Product - Bihar Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers	8,500
Loan Amount (range)	BOB 350 - 140,000
Loan Term (range)	1 - 72
Other Services (text summary)	Credit Ins
Annual Interest & Method	12.0%-33.0% annual, Decl Bal
Fees	None
Insurance	0.06%-3.96% ongoing
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	17.7% - 30.0%
Fee Component	0
Insurance Component	0.6% - 1.3%
Tax Component Range	0
Full APR (int fee ins tax dep)	19.2% - 31.1%
Transparency Index (min/max)	48 - 705
Transparency Index (average)	100

Product Summary

10,357
INR 5,000 - 17,000
13.3
Credit Educ, Group Mtgs, Credit Ins
24.1% annual, Decl Bal

None
None
N/A

N/A
29.4% - 30.6% (Int+Fee)
0.9% - 2.5%
0
31.9%
74 - 86
76

Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 194,653,388
Portfolio (USD)	USD 28,837,538.96
Active Clients with Loans	8,500
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Créditos otorgados a una persona natural o jurídica o grupo de prestatarios para financiar actividades de producción, comercialización y servicios, cuya fuente principal de pago son las ventas e ingresos generados; y clasificado como mype.

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	9
# Regions for this product	8
Regions Active	Beni , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 58,498,266
Portfolio (USD)	USD 1,299,961
Active Clients with Loans	10,357
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Saral loan- Bihar, is provided to economically active women residing in slums/low income areas, generally involved in trade & services.Loans range between Rs.5,000 to Rs. 17,500. \r

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
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
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 350
Maximum loan size	140,000

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	30%
BOB 10,000-40,000	20%
BOB 40,000-70,000	15%
BOB 70,000-100,000	10%
BOB 100,000-125,000	20%
Greater than BOB 125,000	20%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	72.0 months
Approx average	36.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	5%
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
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	17,000

Loan Term and Grace Period

Shortest loan term	13.3 months
Longest loan term	13.3 months
Approx average	13.3 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	12.00%
Highest quoted nominal interest	33.00%
Reason(s) why interest rate varies	Client Risk
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 fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	24.13%
Highest quoted nominal interest	24.13%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Loan Processing Fees (includes insurance)
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?

Ongoing Insurance Fees

This product has no ongoing insurance fees

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

Are taxes charged on this product?

Additional Comments

Free life insurance (Rs. 2,) to clients and accident insurance cover to clients and spouse (Rs. 25, each) is provided. The premium of Rs. 64.4 is paid by Arohan to the insurance companies. We will add Rs. 64.4 to the "insurance paid" field and deduct Rs. 64.4 from the total fees paid field.

Full Pricing Data

Promicro samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	BOB 2,000	BOB 7,000	BOB 35,000	BOB 41,160	BOB 91,000	BOB 137,200
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2014-02-19	2013-12-04	2013-11-25	2013-12-27	2014-01-30	2013-11-29
Loan Term (Months)	2.6 months	8.0 months	12.0 months	37.0 months	61.0 months	61.0 months
Grace Period (Months)	-0.5 months	0.3 months	0.3 months	0.5 months	0.3 months	0.4 months
Total Cost of Credit	BOB 52.56	BOB 894.77	BOB 5,208.97	BOB 13,460.79	BOB 61,518.34	BOB 69,022.97
True Price by Comp
Interest price component	19.1%	30.0%	24.1%	19.1%	21.1%	18.1%
Fee Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Insurance Component	1.3%	1.1%	1.2%	1.2%	1.0%	1.1%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	20.4%	31.1%	25.3%	20.3%	22.1%	19.2%
Transparency Index	100	100	48	59	54	62

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Full Pricing Data

Saral Product - Bihar samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 5,000	INR 7,500	INR 10,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-07-20	2010-07-28	2010-06-16
Loan Term (Months)	13.3 months	13.3 months	13.3 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	29.4%	30.2%	30.6%
Insurance Component	2.5%	1.7%	1.3%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.9%	31.9%	31.9%
MFIN MFI Earning (Annualised)	29.4%	30.2%	30.6%
MFIN Cost to Borrower (Annualised)	31.9%	31.9%	31.9%
Transparency Index	76	76	76
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Promicro Price Graphs

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Saral Product - Bihar 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Promicro samples

Full Pricing Data

Saral Product - Bihar samples

Promicro Price Graphs

Saral Product - Bihar Price Graphs

Total Borrowers of Samples

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