| Number borrowers | 3,702 |
| Loan Amount (range) | COP 300,000 - 50,000,000 |
| Loan Term (range) | 1 - 60 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO, CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS |
| Annual Interest & Method | 24.0%-28.8% annual, Decl Bal |
| Fees | 3,000.00-5,000.00 ongoing |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 24.0% - 33.9% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 24.0% - 33.9% |
| Transparency Index (min/max) | 71 - 100 |
| Transparency Index (average) | 86 |
| 5,072 |
| INR 8,000 - 75,000 |
| 3 - 12 |
| Credit Ins |
| 30.0% annual, Decl Bal |
| 2.00%-3.00% upfront |
| 37.36-350.25 upfront |
| 12.36% fees |
| N/A |
| 25.8% - 29.9% |
| 1.0% - 5.3% |
| 0.8% - 1.3% |
| 0.1% - 0.7% |
| 32.8% - 37.0% |
| 81 - 93 |
| 85 |
| Outstanding portfolio (COP) | COP 9,550,000,000 |
| Portfolio (USD) | USD 5,247,252.75 |
| Active Clients with Loans | 3,702 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | VEHICULO, MOTO |
| Other (2) | VIAJES FAMILIARES |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO |
| Other (2) | CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS |
| 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 | EL NEGOCIO PUEDE SER FORMAL O INFORMAL |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (INR) | INR 73,776,249 |
| Portfolio (USD) | USD 1,392,004.70 |
| Active Clients with Loans | 5,072 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 100% |
| 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 | |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | x |
| Other | The client must be the owner of the business. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Gujarat, Maharashtra |
| Currency | COP |
| Minimum loan size | COP 300,000 |
| Maximum loan size | 50,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 60.0 months |
| Approx average | 18.0 months |
| Grace period usage | 10% |
| Average grace period | 2.0 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 8,000 |
| Maximum loan size | 75,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 10% |
| INR 15,000-25,000 | 40% |
| INR 25,000-35,000 | 20% |
| INR 35,000-45,000 | 15% |
| Greater than INR 45,000 | 15% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 7.5 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.40% |
| Reason(s) why interest rate varies | Collateral, BUEN MANEJO DE LOS CREDITOS ANTERIORES\r |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Capacitacio - MENSUALMENTE SE COBRA EL VALOR DEL RECAUDO EN LOS PUNTOS DE PAGO |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 3,000 |
| Fixed amount - max | 5,000 |
| 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 |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| 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 | 2.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Product classified as non-qualifying asset. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 37.36 |
| Fixed amount - max | 350.25 |
| Reason for variation | Rs 4.67 for every Rs 1000 for a year. |
| 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 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | COP 1,500,000 | COP 3,500,000 | COP 7,000,000 | COP 16,000,000 | COP 40,000,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-05-06 | 2011-05-06 | 2011-05-02 | 2011-04-29 | 2011-04-27 | ||||
| Loan Term (Months) | 18.0 months | 24.0 months | 34.0 months | 60.0 months | 60.0 months | ||||
| Grace Period (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 | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 33.9% | 29.1% | 30.0% | 24.3% | 24.0% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 33.9% | 29.1% | 30.0% | 24.3% | 24.0% | ||||
| Transparency Index | 71 | 83 | 80 | 99 | 100 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 10,000 | INR 20,500 | INR 35,000 | INR 50,000 | INR 62,500 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-10-15 | 2012-11-27 | 2012-11-17 | 2012-11-28 | 2012-11-29 | ||||
| Loan Term (Months) | 12.0 months | 13.0 months | 12.0 months | 12.0 months | 8.0 months | ||||
| Grace Period (Months) | 0.1 months | 0.7 months | -0.1 months | 0.3 months | 0.3 months | ||||
| Total Cost of Credit | INR 1,986.42 | INR 4,155.84 | INR 6,827.97 | INR 10,181.10 | INR 9,364.39 | ||||
| True Price by Comp | |||||||||
| Interest price component | 29.9% | 28.1% | 29.8% | 29.5% | 29.7% | ||||
| Fee Component | 4.0% | 3.4% | 3.9% | 3.8% | 5.3% | ||||
| Insurance Component | 0.9% | 0.9% | 1.0% | 0.9% | 1.3% | ||||
| Tax Component | 0.5% | 0.4% | 0.5% | 0.5% | 0.7% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
| MFIN MFI Earning (Annualised) | 33.9% | 31.5% | 33.7% | 33.3% | 35.0% | ||||
| MFIN Cost to Borrower (Annualised) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
| Transparency Index | 85 | 91 | 85 | 86 | 81 | ||||
| MFIN Transparency Index | 100 | 100 | 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
