Please note that the information you are viewing is
143 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: 2012-06-08
Data version: 2
Age of data: - months
Description
It's a Top-UP loan for weekly borrowers. It is designed to meet the need of the urban dwellers for business promotion. Useful for small vendors like petty business, petty shops, street vendors, small food vendors etc.\r
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 Business training Other training Other Other (2) No other services
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 Must be a weekly Loan borrower Other (2) age between 18 to 55 years
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency INR Minimum loan size INR 8,000 Maximum loan size 8,000
Shortest loan term 10.0 months Longest loan term 10.0 months Approx average 10.0 months
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
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
Pricing Information
Interest
Lowest quoted nominal interest 12.00% Highest quoted nominal interest 12.00% Interest rate period Yearly Interest Rate Calculation Method Flat Subsidized by funder request? N/A Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Fee 2 Description Loan Protection Fund(LPF) Processing Fee % of loan amount - min 1.00% 1.25% % of loan amount - max 1.00% 1.25% OR, Fixed amount - min 0 0 Fixed amount - max 0 0 Reason for variation Appears on Repayment Sched? Yes Yes
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
Required for All Criteria N/A Is deposit indicated on the repayment schedule? Yes Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited 0 - N/A or, Fixed-amount deposited INR 500 - N/A
Deposits DURING period payments
% loan amount deposited 0 - N/A or, Fixed-amount deposited 0 - N/A Conditions on access to deposit End Term
Interest Paid on Deposit
Minimum interest rate paid 0 Maximum interest rate paid 0 Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Additional Comments
Rs. 5/- collected as cash collateral at the time of Loan Disbursement. The amount is repaid to the client without any interest when the loan is completed. \r
Full Pricing Data
Midterm Loan sample s
* The APR stated here is an MFTransparency term, definition and formula
Midterm Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Private \'For-Profit\' Institution Type Business Loan Purpose FFSL Institution IN-027-V02-P02 Product IN Country 2012 Year Range Number 2 Institution Data Version 0 2,000 4,000 6,000 8,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 10,000 7,700 5,100 2,500 200 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
