Number borrowers | 421 |
Loan Amount (range) | COP 258,000 - 5,869,000 |
Loan Term (range) | 1 - 60 |
Other Services (text summary) | |
Annual Interest & Method | 7.3%-14.5% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 9.2% - 14.5% (Int+Fee) |
Insurance Component | 0 - 0.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 11.5% - 14.7% |
Transparency Index (min/max) | 45 - 102 |
Transparency Index (average) | 58 |
5,991 |
INR 15,000 - 35,000 |
24 |
Credit Educ, Group Mtgs, Credit Ins |
24.0% annual, Decl Bal |
1.00% upfront |
120.00-200.00 upfront 7.30% ongoing |
12.36% fees |
N/A |
23.3% - 26.9% |
0 - 1.9% |
0 - 6.8% |
0 - 0.3% |
32.4% - 34.9% |
69 - 103 |
72 |
Outstanding portfolio (COP) | 0 |
Portfolio (USD) | |
Active Clients with Loans | 421 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | |
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 130,597,737 |
Portfolio (USD) | USD 2,464,108.25 |
Active Clients with Loans | 5,991 |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 14 |
Regions Active | Bihar, GoaJharkhand, Karnataka, Kerala, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi |
Currency | COP |
Minimum loan size | COP 258,000 |
Maximum loan size | 5,869,000 |
Shortest loan term | 1.0 month |
Longest loan term | 60.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 10% |
INR 25,000-35,000 | 90% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 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 | 0 |
Longer than 18 months | 100% |
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 | 7.30% |
Highest quoted nominal interest | 14.50% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
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 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 120 |
Fixed amount - max | 200 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Cattle Insurance |
% of loan amount - min | 7.30% |
% of loan amount - max | 7.30% |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 404,000 | COP 1,254,269 | COP 7,474,114 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-01 | 2011-02-14 | 2010-12-20 | ||
Loan Term (Months) | 8.0 months | 18.0 months | 48.0 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 | 9.2% | 11.0% | 14.5% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 2.4% | 0.8% | 0.2% | ||
Full APR (int fee ins tax dep) | 11.5% | 11.8% | 14.7% | ||
Transparency Index | 63 | 62 | 50 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 30,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-17 | 2012-12-18 | 2013-04-03 | ||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.7 months | 1.0 month | 0.3 months | ||
Total Cost of Credit | INR 7,080.24 | INR 12,952.08 | INR 11,649.08 | ||
True Price by Comp | |||||
Interest price component | 25.0% | 26.9% | 25.4% | ||
Fee Component | 1.0% | 1.0% | 1.0% | ||
Insurance Component | 6.3% | 6.8% | 6.5% | ||
Tax Component | 0.1% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.4% | 34.9% | 33.0% | ||
MFIN MFI Earning (Annualised) | 26.0% | 27.9% | 26.4% | ||
MFIN Cost to Borrower (Annualised) | 32.4% | 34.9% | 33.0% | ||
Transparency Index | 74 | 69 | 73 | ||
MFIN Transparency Index | 96 | 89 | 94 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
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