Number borrowers | 5,279 |
Loan Amount (range) | COP 100,000 - 100,000,000 |
Loan Term (range) | 1 - 72 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 21.2% annual, Decl Bal |
Fees | None |
Insurance | 10.00% ongoing |
Tax | None |
Comp Dep | 2.5% upfront 5,000.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 15.5% - 19.4% (Int+Fee) |
Insurance Component | 1.1% - 1.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 17.5% - 22.3% |
Transparency Index (min/max) | 71 - 121 |
Transparency Index (average) | 100 |
4,760 |
INR 12,000 - 15,000 |
12 |
Group Mtgs, Credit Ins |
27.0% annual, Decl Bal |
1.00% upfront |
148.00-186.00 upfront |
12.36% fees |
N/A |
27.0% - 27.1% |
2.2% |
2.7% - 2.8% |
0.3% |
32.2% |
83 - 84 |
84 |
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% |
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 | 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 | |
Other | Debe ser asociado de la Cooperativa con Ahorros |
Other (2) | Debe tener capacidad de endeudamiento |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 36,721,361 |
Portfolio (USD) | USD 692,855.87 |
Active Clients with Loans | 4,760 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Gujarat |
Currency | COP |
Minimum loan size | COP 100,000 |
Maximum loan size | 100,000,000 |
Shortest loan term | 1.0 month |
Longest loan term | 72.0 months |
Approx average | 36.0 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 |
Currency | INR |
Minimum loan size | INR 12,000 |
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 | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
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 |
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 |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 2.50% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 5,000 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.80% |
Maximum interest rate paid | 1.80% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 27.00% |
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 | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 148 |
Fixed amount - max | 186 |
Reason for variation | depends on loan amount |
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 | All |
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 | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 12,000 | INR 15,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-28 | 2012-12-28 | 2013-02-26 | ||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 1,913 | INR 2,385 | INR 2,385 | ||
True Price by Comp | |||||
Interest price component | 27.0% | 27.0% | 27.0% | ||
Fee Component | 2.2% | 2.2% | 2.2% | ||
Insurance Component | 2.7% | 2.7% | 2.7% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.2% | 32.2% | 32.2% | ||
MFIN MFI Earning (Annualised) | 29.2% | 29.2% | 29.2% | ||
MFIN Cost to Borrower (Annualised) | 32.2% | 32.2% | 32.2% | ||
Transparency Index | 84 | 84 | 84 | ||
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 |
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X Axis | ||||||
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Greater than: | ||||||
Less or equal to: | ||||||
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Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
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From 0 to | ||||||
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