Outstanding portfolio (THB) | THB 21,247,728 |
Portfolio (USD) | USD 720,261.97 |
Active Clients with Loans | 493 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 13 |
# Regions for this product | 3 |
Regions Active | Banteay Meanchey, Battambang, Oddar Meancheay |
Currency | THB |
Minimum loan size | THB 8,000 |
Maximum loan size | 200,000 |
Loans less than THB 10,000 | 5% |
THB 10,000-30,000 | 40% |
THB 30,000-50,000 | 20% |
THB 50,000-70,000 | 20% |
THB 70,000-90,000 | 5% |
Greater than THB 90,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
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 | x |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Credit Bureau Cambodia - CBC Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5.97 |
Fixed amount - max | 92 |
Reason for variation | Charge 800 KHR/5.97 THB for loan size <= 2,000,000 KHR or equivalent, and charge 12,000 KHR/92.30 THB for loan over 2,000,000 KHR |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | THB 10,000 | THB 20,000 | THB 40,000 | THB 60,000 | THB 80,000 | THB 100,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-28 | 2013-02-21 | 2013-02-14 | 2013-02-08 | 2013-02-20 | 2013-02-08 | |||||
Loan Term (Months) | 13.0 months | 13.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
Grace Period (Months) | 11.8 months | 11.7 months | 11.3 months | 10.9 months | 11.5 months | 11.1 months | |||||
Total Cost of Credit | THB 3,594.97 | THB 7,732.30 | THB 14,812.30 | THB 19,782.30 | THB 27,437.97 | THB 33,278.30 | |||||
True Price by Comp | |||||||||||
Interest price component | 33.6% | 35.9% | 36.0% | 33.0% | 33.0% | 33.0% | |||||
Fee Component | 0.1% | 0.6% | 0.2% | 0.2% | 0.0% | 0.1% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
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) | 33.7% | 36.5% | 36.2% | 33.2% | 33.0% | 33.1% | |||||
Transparency Index | 89 | 82 | 83 | 90 | 91 | 91 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.janalakshmi.com/ |
Year established | 2006 |
Head of Institution | VS Radhakrishnan |
Regions active | Gujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi |
# Branches | 66 |
Total Portfolio (nat'l) | INR 6,311,118,034 |
Total Portfolio (USD) | USD 119,077,698.80 |
Active clients with loans | 506,075 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | MFIN, AKMI |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | INR 5,000 - 20,000 | 12 - 24 | 60% - 80% | 60% - 80% | Education | Women, Men, Must have children who are studying until the age of 24 yrs. | Credit Educ | |||||||
Small Group Loan | INR 5,000 - 50,000 | 12 - 24 | 100% | 100% | Business, Housing, Consumer, Education, Other | Women, Group members must live within each other's vicinity., Must demonstrate capacity to repay. | Credit Educ, Group Mtgs, Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | 27.5% - 28% | 33% - 33.9% | 40.4% - 41.8% | NA | NA | NA | 86 | |||||||
Small Group Loan | 27.9% - 29.6% | 28.9% - 31.5% | 30.4% - 33.4% | Yes | Yes | Yes | 92 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | 24.0% annual, Decl Bal | 2 Fees | 0 Ins | 12.36% fees | 10.0% upfront | 33% - 33.9% | 40.4% - 41.8% | 58 | ||||||||
Small Group Loan | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 28.9% - 31.5% | 30.4% - 33.4% | 83 |
Key Statistics | |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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