Outstanding portfolio (COP) | COP 27,674,508,960 |
Portfolio (USD) | USD 15,205,774.15 |
Active Clients with Loans | 955 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 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 | Compra de mercancías, insumos, adquisición de maqu |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Programa Afinidad (tarjeta club finamigos) |
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 | |
Other | Personas Naturales y Jurídicas con activos entre $248 y $2.480 millones pertenecientes a los sectore |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 12,440,000 |
Maximum loan size | 300,000,000 |
Shortest loan term | 6.0 months |
Longest loan term | 59.0 months |
Approx average | 0 |
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 | 20.85% |
Highest quoted nominal interest | 21.60% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Depende de la fuente de financiamiento : Recursos propios o Bancoldex |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | CIFIN | Comision por consulta de centrales de riesgo | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 0 | 3,500 | |
Fixed amount - max | 50,000 | 3,500 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Seguro de vida por el monto desembolsado |
% of loan amount - min | 0.34% |
% of loan amount - max | 0.34% |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 15,000,000 | COP 25,000,000 | COP 40,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-28 | 2011-04-20 | 2011-04-30 | ||
Loan Term (Months) | 36.0 months | 36.0 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 | 23.1% | 20.3% | 13.7% | ||
Insurance Component | 0.8% | 0.8% | 0.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.8% | 21.0% | 14.5% | ||
Transparency Index | 87 | 99 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
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 |
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 |
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 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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