| Number borrowers | 7,149 |
| Loan Amount (range) | COP 533,510 - 5,325,100 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | Tech Asst Visits |
| Annual Interest & Method | 10.9% annual, Decl Bal |
| Fees | None |
| Insurance | 0.74%-1.44% upfront 3.00% upfront |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 10.9% - 11.3% (Int+Fee) |
| Insurance Component | 0 - 6.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 15.0% - 18.1% |
| Transparency Index (min/max) | 60 - 98 |
| Transparency Index (average) | 68 |
| 355,279 |
| INR 15,000 - 50,000 |
| 18 - 24 |
| Credit Educ, Group Mtgs, Group Solidarity Training |
| 26.0% annual, Decl Bal |
| 0.98% upfront |
| 1.00%-1.50% upfront |
| 12.36% fees |
| N/A |
| 24.8% - 26.1% |
| 2.0% - 4.1% |
| 2.1% - 2.2% |
| 0.3% - 0.5% |
| 30.5% |
| 78 - 85 |
| 85 |
| Outstanding portfolio (COP) | COP 13,842,598,066 |
| Portfolio (USD) | USD 7,605,823.11 |
| Active Clients with Loans | 7,149 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | exclusivamente para creacion de empresas |
| Other (2) | inversionen activos fijos y/o capital de trabajo |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 5,485,513,129 |
| Portfolio (USD) | USD 103,500,247.70 |
| Active Clients with Loans | 355,279 |
| 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 | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| 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 | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Self-employed. |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 6 |
| Regions Active | Andhra Pradesh, Chhattisgarh, Karnataka, Maharashtra, Orissa, Tamil Nadu |
| Currency | COP |
| Minimum loan size | COP 533,510 |
| Maximum loan size | 5,325,100 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 24.0 months |
| 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 15,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 20% |
| INR 25,000-35,000 | 30% |
| INR 35,000-45,000 | 30% |
| Greater than INR 45,000 | 30% |
| Shortest loan term | 18.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 60% |
| 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 |
| Lowest quoted nominal interest | 0.91% |
| Highest quoted nominal interest | 0.91% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Seguro de vida | Seguro de proteccion de cartera | |
| % of loan amount - min | 0.74% | 3.00% | |
| % of loan amount - max | 1.44% | 3.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | 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 | 26.00% |
| Highest quoted nominal interest | 26.00% |
| 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 | 1.00% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% 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 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | COP 1,200,000 | COP 1,500,000 | COP 3,500,000 | COP 3,500,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-04-06 | 2011-03-09 | 2011-03-09 | 2011-04-06 | |||
| Loan Term (Months) | 12.0 months | 18.0 months | 22.4 months | 24.0 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 | 11.3% | 11.1% | 11.1% | 10.9% | |||
| Insurance Component | 6.8% | 5.0% | 4.1% | 4.1% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 18.1% | 16.2% | 15.2% | 15.0% | |||
| Transparency Index | 60 | 68 | 72 | 73 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 20,000 | INR 20,000 | INR 20,000 | INR 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-03-20 | 2013-03-20 | 2013-03-20 | 2013-03-20 | |||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | -0.4 months | -0.4 months | -0.4 months | -0.4 months | |||
| Total Cost of Credit | INR 3,173.94 | INR 3,173.94 | INR 3,173.94 | INR 3,173.94 | |||
| True Price by Comp | |||||||
| Interest price component | 26.1% | 26.1% | 26.1% | 26.1% | |||
| Fee Component | 2.0% | 2.0% | 2.0% | 2.0% | |||
| Insurance Component | 2.1% | 2.1% | 2.1% | 2.1% | |||
| Tax Component | 0.3% | 0.3% | 0.3% | 0.3% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.5% | 30.5% | 30.5% | 30.5% | |||
| MFIN MFI Earning (Annualised) | 28.1% | 28.1% | 28.1% | 28.1% | |||
| MFIN Cost to Borrower (Annualised) | 30.5% | 30.5% | 30.5% | 30.5% | |||
| Transparency Index | 85 | 85 | 85 | 85 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| N (# of Samples) | ||||||
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| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
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| to ∞ | ||||||
