2. Interactuar
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Equitas
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Interactuar Cra 45 # 26-175 Bello AntioquiaCra 49 # 44-94 Medellín AntioquiaMedellín, Antioquia
Data approved: 2011-08-01
Data version: 1
Age of data: 166 months

Institution

Singhivi Investment & Finance Pvt. Ltd. 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2013-02-20
Data version: 3
Age of data: 139 months
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Product

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Product Summary

Number borrowers28,169
Loan Amount (range)COP 300,000 - 12,800,000
Loan Term (range)4 - 24
Other Services (text summary)
Annual Interest & Method29.0%-31.6% annual, Decl Bal
Fees8.00% upfront 13.00% ongoing
Insurance3.00% upfront 0.62% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component36.6% - 36.9% (Int+Fee)
Insurance Component0.5% - 2.5%
Tax Component Range0
Full APR (int fee ins tax dep)37.8% - 39.3%
Transparency Index (min/max)70 - 92
Transparency Index (average)75

Product Summary

45,000
INR 4,999.50 - 5,000
12
Credit Educ, Group Mtgs, Credit Ins
25.5% annual, Decl Bal
1.00% upfront
0.73% upfront
12.36% fees
N/A
 
24.4% - 25.4%
1.0% - 2.1%
1.5% - 2.2%
0.1% - 0.3%
28.1% - 29.3%
87 - 92
89

Product Details

Key Statistics
Outstanding portfolio (COP)COP 54,541,962,404
Portfolio (USD)USD 29,968,111.21
Active Clients with Loans28,169
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microcrédito productivo para apalancar necesidades de capital de trabajo o activo fijo de las microempresas
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 120,000,000
Portfolio (USD)USD 2,264,150.94
Active Clients with Loans45,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Additional microcredit loan given under the JLG model for the purpose of capital infusion into members for existing business
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveTamil Nadu

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 300,000
Maximum loan size12,800,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term24.0 months
Approx average21.0 months
Grace Period
Grace period usage10%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 4,999.50
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.42%
Highest quoted nominal interest2.63%
Reason(s) why interest rate variesPor las variaciones del DTF que fondean la operación
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLey Mipyme Evaluacio del credito
% of loan amount - min8.00%
% of loan amount - max8.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionLey Mipyme Administracio del credito comisio * Monto credito y se cobra en cada cuota
% of loan amount - min13.00%
% of loan amount - max13.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionSeguro de Vida +0,0003*monto*plazo anticipado al momento del desembolso
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSeguro Patrimonial AIG $ 618*millo asegurado y se cobra en cada cuota
% of loan amount - min0.62%
% of loan amount - max0.62%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest25.50%
Highest quoted nominal interest25.50%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionTerm Life Insurance
% of loan amount - min0.73%
% of loan amount - max0.73%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Microcrédito samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 3,500,000COP 7,448,218COP 13,000,000COP 15,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-022011-05-032011-05-062011-05-03
Loan Term (Months)24.0 months36.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component36.8%36.9%36.7%36.6%
Insurance Component2.5%0.9%2.2%2.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)39.3%37.8%38.8%39.0%
Transparency Index74777574
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Income Generating 1 Year Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 5,000INR 5,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-282013-02-28
Loan Term (Months)12.0 months12.0 months11.0 months
Grace Period (Months)0.2 months0.2 months0.0 months
Total Cost of CreditINR 776INR 776INR 740
True Price by Comp     
Interest price component24.4%24.4%25.3%
Fee Component2.0%2.0%2.1%
Insurance Component1.5%1.5%1.6%
Tax Component0.2%0.2%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.1%28.1%29.3%
MFIN MFI Earning (Annualised)26.4%26.4%27.4%
MFIN Cost to Borrower (Annualised)28.1%28.1%29.3%
Transparency Index919187
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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Key Statistics
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# 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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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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