Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://WWW.IDEPRO.ORG/ |
Year established | 1991 |
Head of Institution | Jose Morales Mauri |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , PotosÃ, Santa Cruz, Tarija |
# Branches | 15 |
Total Portfolio (nat'l) | BOB 273,491,543 |
Total Portfolio (USD) | USD 40,517,265.63 |
Active clients with loans | 10,413 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Promicro | BOB 350 - 140,000 | 1 - 72 | 20% - 40% | 60% - 80% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
Procadena | BOB 1,000 - 610,000 | 1 - 120 | 20% - 40% | 0% - 20% | Business, Agriculture, Education | Women, Men, Have business | Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Promicro | 12.0%-33.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 18.1% - 30% | 19.2% - 31.1% | 100 | ||||||||
Procadena | 16.5%-33.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 17.7% - 25.6% | 18.3% - 26.4% | 81 |
Outstanding portfolio (INR) | INR 2,318,250,963 |
Portfolio (USD) | USD 43,740,584.21 |
Active Clients with Loans | 178,199 |
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 | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Group Solidarity Training |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | Economically active. |
Other (2) |
# Regions for this institution | 10 |
# Regions for this product | 10 |
Regions Active | Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Uttar Pradesh |
Currency | INR |
Minimum loan size | INR 4,000 |
Maximum loan size | 30,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 20% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 0.6 months |
Longest loan term | 24.0 months |
Approx average | 11.5 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 | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 24.54% |
Highest quoted nominal interest | 26.10% |
Reason(s) why interest rate varies | Loan Size |
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 | 0.98% |
% of loan amount - max | 0.98% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Premium |
% of loan amount - min | 0.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 0.5% for < 1 year loan & 1.5% for > 1year loan. |
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 | |||
---|---|---|---|---|---|
Loan Amount | INR 4,000 | INR 14,000 | INR 10,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-21 | 2013-03-05 | 2013-03-05 | ||
Loan Term (Months) | 5.8 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 314 | INR 2,154 | INR 1,536 | ||
True Price by Comp | |||||
Interest price component | 24.8% | 26.1% | 26.1% | ||
Fee Component | 4.1% | 2.1% | 2.1% | ||
Insurance Component | 2.1% | 2.2% | 2.2% | ||
Tax Component | 0.5% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.5% | 30.7% | 30.7% | ||
MFIN MFI Earning (Annualised) | 28.9% | 28.2% | 28.2% | ||
MFIN Cost to Borrower (Annualised) | 31.5% | 30.7% | 30.7% | ||
Transparency Index | 78 | 80 | 80 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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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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