Number borrowers | 3,273 |
Loan Amount (range) | COP 50,000 - 1,000,000 |
Loan Term (range) | 2 - 4 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 10.9% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 11.2% - 12.0% (Int+Fee) |
Insurance Component | 0 - 6.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 11.2% - 12.0% |
Transparency Index (min/max) | 60 - 98 |
Transparency Index (average) | 93 |
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 |
Outstanding portfolio (COP) | COP 618,830,412 |
Portfolio (USD) | USD 340,016.71 |
Active Clients with Loans | 3,273 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
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 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% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | |
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) |
# Regions for this institution | 17 |
# Regions for this product | 10 |
Regions Active | Andhra Pradesh, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, West Bengal |
Currency | COP |
Minimum loan size | COP 50,000 |
Maximum loan size | 1,000,000 |
Loans less than COP 5,000,000 | 100% |
COP 5,000,000-20,000,000 | 0 |
COP 20,000,000-35,000,000 | 0 |
COP 35,000,000-50,000,000 | 0 |
COP 50,000,000-65,000,000 | 0 |
Greater than COP 65,000,000 | 0 |
Shortest loan term | 2.0 months |
Longest loan term | 4.0 months |
Approx average | 3.0 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 |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 15,000 |
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 |
Shortest loan term | 11.0 months |
Longest loan term | 11.0 months |
Approx average | 11.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
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? | Yes |
Is rate fixed for entire loan term | 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 | 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 |
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 |
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 |
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 | COP 350,000 | COP 600,000 | COP 850,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-16 | 2011-05-16 | 2011-05-18 | ||
Loan Term (Months) | 2.8 months | 2.8 months | 2.8 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 11.9% | 11.2% | 12.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 11.9% | 11.2% | 12.0% | ||
Transparency Index | 92 | 98 | 91 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 | |||||
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 | ||||||
---|---|---|---|---|---|---|
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 | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |