Maxima Mikroheranhvatho Plc. - Group Loans - MFTransparency.org Truth In Lending Tables

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Institution

Maxima Mikroheranhvatho Plc. #21AB, Street 271Phnom PenhPO Box 12308

Data approved: 2013-06-20

Data version: 3

Age of data: 140 months

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Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001

Data approved: 2013-01-25

Data version: 2

Age of data: 140 months

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Product

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Product

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Product Summary

8,998
INR 10,000 - 15,000
11
Credit Ins
24.0% annual, Decl Bal
1.00% upfront
0.43% ongoing Y
12.36% fees
N/A

22.9% - 23.8%
0.7% - 1.9%
3.9% - 4.5%
0.1% - 0.2%
29.1% - 29.2%
81 - 84
82

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (USD)	USD 1,115
Portfolio (USD)	USD 1,115
Active Clients with Loans	19
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Description

2-10 members and joint liability. The loan term 12- 20 months with the loan size $50-$950 per member and monthly installment with 3 months grace period for the loan 12 months. Agrees to borrow both husband & wife or father-mother and son/daughter.

Loan Purpose

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 85,021,048
Portfolio (USD)	USD 1,604,170.72
Active Clients with Loans	8,998
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Crop Loan

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
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	All farmers/tenant farmers engaged in field crop cultivation
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	17
# Regions for this product	10
Regions Active	Andhra Pradesh, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, West Bengal

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 10,000
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	100%
INR 15,000-25,000	0
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	11.0 months
Longest loan term	11.0 months
Approx average	11.0 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	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	24.00%
Highest quoted nominal interest	24.00%
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

	Fee 1
Description	Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1	Ins 2
Description	Credit Plus	Health Insurance
% of loan amount - min	0.43%	0
% of loan amount - max	0.43%	0
OR, Fixed amount - min	0	130
Fixed amount - max	0	130
Reason for variation	4.26 per thousand per person per month	Rs. 130 per person
Appears on Repayment Sched?	Yes	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?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

Samruddhi Crop Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 15,000	INR 15,000	INR 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-01-28	2013-02-13	2013-02-13
Loan Term (Months)	9.0 months	11.0 months	11.0 months
Grace Period (Months)	1.2 months	3.7 months	3.7 months
Total Cost of Credit	INR 2,469.54	INR 2,743.54	INR 2,743.54
True Price by Comp
Interest price component	22.9%	23.0%	23.0%
Fee Component	1.9%	1.7%	1.7%
Insurance Component	4.2%	4.2%	4.2%
Tax Component	0.2%	0.2%	0.2%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	29.2%	29.1%	29.1%
MFIN MFI Earning (Annualised)	24.8%	24.7%	24.7%
MFIN Cost to Borrower (Annualised)	29.2%	29.1%	29.1%
Transparency Index	82	82	82
MFIN Transparency Index	100	100	100

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

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

Samruddhi Crop Loan 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
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

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

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

Full Pricing Data

Samruddhi Crop Loan samples

Samruddhi Crop Loan Price Graphs

Total Borrowers of Samples

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