| Institution Type | Bank |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Sebastian Tobon Palacio |
| Regions active | |
| # Branches | 26 |
| Total Portfolio (nat'l) | COP 93,846,000,000 |
| Total Portfolio (USD) | USD 51,563,736.26 |
| Active clients with loans | 36,297 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Red de Microcredito, Asomicrofinanzas |
| Funders | Grupo Bancolombia |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.utkarshmfi.com/ |
| Year established | 1990 |
| Head of Institution | Govind Singh |
| Regions active | Bihar, Madhya Pradesh |
| # Branches | 92 |
| Total Portfolio (nat'l) | INR 1,374,101,555 |
| Total Portfolio (USD) | USD 25,926,444.43 |
| Active clients with loans | 168,691 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microcrédito | COP 535,600 - 13,390,000 | 3 - 48 | 40% - 60% | 60% - 80% | Business, Other, Activos fijos, reforma locativa, insumos, Gastos operativos del negocio, capital de trabajo | Women, Men, Have business, Centrales de Riesgo aprobadas | Credit Educ, Tech Asst Visits, Other Training, Acompañamiento y seguimiento, Educación financiera |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utkarsh Pragati | INR 6,000 - 15,000 | 12 - 14 | 100% | 0% - 20% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
| Utkarsh Kiran | INR 18,000 - 25,000 | 24 | 100% | 0% - 20% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
| Utkarsh Samridhi | INR 25,000 - 300,000 | 6 - 36 | 0% - 20% | 100% | Business | Women, Men, Have business, Have home or land, Must have atleast 3 years of experience in existing business. | Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microcrédito | 29.6% annual, Decl Bal | 1 Fee | 2 Ins | None | N/A | 39.4% - 41.3% | 45.2% - 57.7% | 59 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utkarsh Pragati | 25.6% - 25.9% | 27.3% - 27.5% | 29.4% - 29.6% | Yes | Yes | Yes | 100 | |||||||
| Utkarsh Kiran | 25.8% - 26.1% | 26.8% - 27.1% | 28% - 28.3% | Yes | Yes | Yes | 100 | |||||||
| Utkarsh Samridhi | 28.8% | 30.4% | 32.6% | NA | NA | NA | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utkarsh Pragati | 25.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 27.3% - 27.5% | 29.4% - 29.6% | 88 | ||||||||
| Utkarsh Kiran | 25.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.8% - 27.1% | 28% - 28.3% | 92 | ||||||||
| Utkarsh Samridhi | 29.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 30.4% | 32.6% | 89 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microcrédito | 29.6% annual, Decl Bal | 1 Fee | 2 Ins Ins | None | N/A | 39.4% - 41.3% | 45.2% - 57.7% | 59 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utkarsh Pragati | 25.6% - 25.9% | 27.3% - 27.5% | 29.4% - 29.6% | Yes | Yes | Yes | 100 | |||||||
| Utkarsh Kiran | 25.8% - 26.1% | 26.8% - 27.1% | 28% - 28.3% | Yes | Yes | Yes | 100 | |||||||
| Utkarsh Samridhi | 28.8% | 30.4% | 32.6% | NA | NA | NA | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Utkarsh Pragati | 25.9% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 27.3% - 27.5% | 29.4% - 29.6% | 88 | ||||||||
| Utkarsh Kiran | 25.9% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 26.8% - 27.1% | 28% - 28.3% | 92 | ||||||||
| Utkarsh Samridhi | 29.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 30.4% | 32.6% | 89 |
| Key Statistics | |
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| # 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 |
|---|---|---|---|---|---|---|---|
