Outstanding portfolio (COP) | COP 93,846,000,000 |
Portfolio (USD) | USD 51,563,736.26 |
Active Clients with Loans | 36,297 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Activos fijos, reforma locativa, insumos |
Other (2) | Gastos operativos del negocio, capital de trabajo |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | x |
Other | Acompañamiento y seguimiento |
Other (2) | Educación financiera |
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 | Centrales de Riesgo aprobadas |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 535,600 |
Maximum loan size | 13,390,000 |
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 15.0 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 |
Lowest quoted nominal interest | 29.56% |
Highest quoted nominal interest | 29.56% |
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 | Comisio Mipyme |
% of loan amount - min | 0 |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Comisio FNG |
% of loan amount - min | 2.75% |
% of loan amount - max | 2.75% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Plan de seuros de Vida - % sobre saldo. |
% of loan amount - min | 0.57% |
% of loan amount - max | 0.57% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | |||
---|---|---|---|---|---|
Loan Amount | COP 3,250,000 | COP 6,500,000 | COP 13,300,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-16 | 2011-03-15 | 2011-03-29 | ||
Loan Term (Months) | 18.0 months | 24.0 months | 18.0 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 | 39.6% | 39.4% | 41.3% | ||
Insurance Component | 5.6% | 18.3% | 5.5% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 45.2% | 57.7% | 46.8% | ||
Transparency Index | 65 | 51 | 63 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1996 |
Head of Institution | Pramod Kumar Paliwal |
Regions active | |
# Branches | 10 |
Total Portfolio (nat'l) | INR 98,799,721 |
Total Portfolio (USD) | USD 1,864,145.68 |
Active clients with loans | 13,170 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sampda | INR 35,000 - 35,000 | 16 | 80% - 100% | 20% - 40% | Business, Can only be used for FIXED assets, Asset Creation of Borrower's Choice | Women | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Shahyog | INR 10,000 - 16,000 | 12 | 80% - 100% | 20% - 40% | Business, Housing | Women | Credit Educ, Group Mtgs, Credit Ins, Business Training |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sampda | 0% | 29.2% | 32.4% | N/A | ||||||||||
Shahyog | 0% | 31.7% | 35.9% | N/A |
Key Statistics | |
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# 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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