Number borrowers | 216.50 |
Loan Amount (range) | BOB 300 - 10,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 14.4%-21.6% annual, Decl Bal |
Fees | 16.00-20.00 ongoing |
Insurance | 0.18%-0.72% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 14.3% - 21.7% |
Fee Component | 4.0% - 18.7% |
Insurance Component | 0.5% - 0.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 20.4% - 29.2% |
Transparency Index (min/max) | 35 - 71 |
Transparency Index (average) | 56 |
7,128 |
INR 5,000 - 50,000 |
6 - 12 |
Credit Educ, Credit Ins, Business Training |
16.0% annual, Flat |
30.00% upfront |
2.00% upfront |
None |
10.0% upfront |
N/A |
36.6% (Int+Fee) |
0.7% |
0 |
45.4% |
35 |
35 |
Outstanding portfolio (BOB) | BOB 2,239,440.50 |
Portfolio (USD) | USD 331,768.96 |
Active Clients with Loans | 216.50 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | La Paz |
Outstanding portfolio (INR) | INR 25,565,573 |
Portfolio (USD) | USD 482,369.30 |
Active Clients with Loans | 7,128 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
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) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | BOB |
Minimum loan size | BOB 300 |
Maximum loan size | 10,000 |
Loans less than BOB 10,000 | 100% |
BOB 10,000-40,000 | 0 |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 40% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
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 | 1.20% |
Highest quoted nominal interest | 1.80% |
Reason(s) why interest rate varies | Time as Client, Client Risk, Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Cobro por Formularios |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 16 |
Fixed amount - max | 20 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.18% |
% of loan amount - max | 0.72% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.03% per month, charged on the disbursed loan amount. |
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 | 16.00% |
Highest quoted nominal interest | 16.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 30.00% |
% of loan amount - max | 30.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 4,000 | BOB 6,000 | BOB 8,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-09-23 | 2014-04-01 | 2014-04-01 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 16.0 months | ||
Grace Period (Months) | -0.2 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 646.95 | BOB 1,418.40 | BOB 1,174.40 | ||
True Price by Comp | |||||
Interest price component | 18.1% | 21.4% | 14.4% | ||
Fee Component | 10.5% | 6.9% | 5.4% | ||
Insurance Component | 0.6% | 0.7% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.2% | 29.0% | 20.4% | ||
Transparency Index | 49 | 50 | 71 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 15,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-04-03 | 2010-05-10 | 2010-05-23 | 2010-06-04 | |||
Loan Term (Months) | 10.7 months | 10.7 months | 10.7 months | 10.7 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 36.6% | 36.6% | 36.6% | 36.6% | |||
Insurance Component | 0.7% | 0.7% | 0.7% | 0.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 8.1% | 8.1% | 8.1% | 8.1% | |||
Full APR (int fee ins tax dep) | 45.4% | 45.4% | 45.4% | 45.4% | |||
MFIN MFI Earning (Annualised) | 36.6% | 36.6% | 36.6% | 36.6% | |||
MFIN Cost to Borrower (Annualised) | 45.4% | 45.4% | 45.4% | 45.4% | |||
Transparency Index | 35 | 35 | 35 | 35 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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