Please note that the information you are viewing is
164 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-03-24
Data version: 1
Age of data: 164 months
Key Statistics
Outstanding portfolio (COP) | COP 36,113,365,713 |
Portfolio (USD) | USD 19,842,508.63 |
Active Clients with Loans | 5,279 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Credito que satisface las necesidades de nuestros asociados con libre destinacion, de facil acceso.
Loan Purpose
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
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 | Debe ser asociado de la Cooperativa con Ahorros |
Other (2) | Debe tener capacidad de endeudamiento |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | COP |
Minimum loan size | COP 100,000 |
Maximum loan size | 100,000,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 72.0 months |
Approx average | 36.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
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 | |
Pricing Information
Interest
Lowest quoted nominal interest | 21.20% |
Highest quoted nominal interest | 21.20% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
---|
Description | Seguro de vida |
% of loan amount - min | 10.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | deudores que cubre el saldo del capital del credito en caso de muerte o incapacidad total y permanente |
Appears on Repayment Sched? | Yes |
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 2.50% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 5,000 |
Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
Minimum interest rate paid | 1.80% |
Maximum interest rate paid | 1.80% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Al cliente se le presta 4 veces el monto que tienen ahorrado en aportes sociales, por lo cual tales aportes estan vinculados al prestamo y han de considerarse ahorros obligatorios a nuestros efectos.
Full Pricing Data
CONSUMO LIBRE INVERSION COLI samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | COP 1,200,000 | | COP 3,000,000 | | COP 5,000,000 | | COP 13,000,000 | | COP 29,000,000 | | COP 40,000,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-03-12 | | 2011-03-10 | | 2011-03-05 | | 2011-03-08 | | 2011-03-09 | | 2011-03-14 |
Loan Term (Months) | 9.0 months | | 36.0 months | | 36.0 months | | 59.0 months | | 72.0 months | | 72.0 months |
Grace Period (Months) | 0.0 months | | 0.0 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 | | Not Known | | Not Known |
True Price by Comp | | | | | | | | | | | |
Interest and Fee Component | 15.5% | | 19.3% | | 19.3% | | 19.4% | | 15.6% | | 15.6% |
Insurance Component | 1.1% | | 1.2% | | 1.2% | | 1.3% | | 1.2% | | 1.2% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 0.9% | | 1.8% | | 1.4% | | 1.1% | | 0.8% | | 0.7% |
Full APR (int fee ins tax dep) | 17.5% | | 22.3% | | 21.9% | | 21.8% | | 17.5% | | 17.5% |
Transparency Index | 100 | | 95 | | 97 | | 97 | | 100 | | 100 |
| | | | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
CONSUMO LIBRE INVERSION COLI Price Graphs
Please note that the information you are viewing is
136 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-05-11
Data version: 1
Age of data: 136 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.mpowermicro.com/ |
Year established | 2009 |
Head of Institution | Mr K M Vishawanathan |
Regions active | Gujarat |
# Branches | 6 |
Total Portfolio (nat'l) | INR 119,954,038 |
Total Portfolio (USD) | USD 2,263,283.74 |
Active clients with loans | 13,665 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MFIN, CARE |
4,760 Borrowers
USD 692,855.87 Portfolio
Active Product
8,905 Borrowers
USD 1,570,427.87 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Samruddhi Business Loan |
|
INR 12,000 - 15,000 |
|
12 |
|
100% |
|
40% - 60% |
|
Business |
|
Women, Low HH Inc, Med HH Inc |
|
Group Mtgs, Credit Ins |
Hariyali Cattle Loan |
|
INR 15,000 - 15,000 |
|
12 |
|
100% |
|
0% |
|
Business |
|
Women, Low HH Inc, Med HH Inc |
|
Group Mtgs, Credit Ins |
Loan Products » MFIN India Additional Information
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 |
Samruddhi Business Loan |
|
27% |
|
29.2% |
|
32.2% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Hariyali Cattle Loan |
|
27% - 27.1% |
|
29.2% - 29.3% |
|
32.2% - 32.4% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Samruddhi Business Loan |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
29.2% |
|
32.2% |
|
84 |
Hariyali Cattle Loan |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
29.2% - 29.3% |
|
32.2% - 32.4% |
|
83 |