Number borrowers | 518 |
Loan Amount (range) | COP 1,000 - 12,875,000 |
Loan Term (range) | 12 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Capacitaciones en Buenas Practicas Administrativas |
Annual Interest & Method | 19.8% annual, Decl Bal |
Fees | 5.00% upfront |
Insurance | 5.00%-20.00% ongoing Y |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 25.8% - 33.9% (Int+Fee) |
Insurance Component | 0.9% - 4.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 26.7% - 37.1% |
Transparency Index (min/max) | 53 - 82 |
Transparency Index (average) | 61 |
151 |
INR 25,000 - 300,000 |
6 - 36 |
Business Training |
29.0% annual, Decl Bal |
0.88% upfront |
1.00% upfront |
12.36% fees |
N/A |
25.6% - 28.8% |
0.9% - 1.7% |
1.1% - 2.0% |
0.1% - 0.3% |
32.6% |
88 - 93 |
89 |
Outstanding portfolio (COP) | COP 1,908,247,263 |
Portfolio (USD) | USD 1,048,487.51 |
Active Clients with Loans | 518 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | Ampliacion de tierras |
Other (2) | Capital de trabajo |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Capacitaciones en Buenas Practicas Administrativas |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 6,030,318 |
Portfolio (USD) | USD 113,779.58 |
Active Clients with Loans | 151 |
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 | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Must have atleast 3 years of experience in existing business. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Uttar Pradesh |
Currency | COP |
Minimum loan size | COP 1,000 |
Maximum loan size | 12,875,000 |
Shortest loan term | 12.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Grace period usage | 10% |
Average grace period | 6.0 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | INR |
Minimum loan size | INR 25,000 |
Maximum loan size | 300,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 20% |
Greater than INR 45,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 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 | 0.38% |
Highest quoted nominal interest | 0.38% |
Interest rate period | Weekly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Ley MiPYME para Asistencia Tecnica |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | FNG (Fondo Nacional de Garantias) (se cobra anualmente) | Seguro de Vida (solamente para algunos prestamos de este producto) | |
% of loan amount - min | 5.00% | 1.80% | |
% of loan amount - max | 20.00% | 1.80% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | 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 | 29.00% |
Highest quoted nominal interest | 29.00% |
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 | 0.88% |
% of loan amount - max | 0.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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 |
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 1,600,000 | COP 3,200,000 | COP 7,500,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-25 | 2011-03-18 | 2011-03-18 | ||
Loan Term (Months) | 12.1 months | 24.3 months | 36.4 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 | 33.9% | 31.5% | 25.8% | ||
Insurance Component | 1.1% | 4.5% | 1.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 1.1% | 0.0% | ||
Full APR (int fee ins tax dep) | 35.0% | 37.1% | 26.7% | ||
Transparency Index | 56 | 53 | 74 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 30,000 | INR 50,000 | INR 60,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-19 | 2013-01-19 | 2013-01-19 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | INR 5,662.08 | INR 9,436.80 | INR 11,323.16 | ||
True Price by Comp | |||||
Interest price component | 28.8% | 28.8% | 28.8% | ||
Fee Component | 1.6% | 1.6% | 1.6% | ||
Insurance Component | 2.0% | 2.0% | 2.0% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.6% | 32.6% | 32.6% | ||
MFIN MFI Earning (Annualised) | 30.4% | 30.4% | 30.4% | ||
MFIN Cost to Borrower (Annualised) | 32.6% | 32.6% | 32.6% | ||
Transparency Index | 89 | 89 | 89 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
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 |
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