East Mamprusi Community Bank - Farming Loan - MFTransparency.org Truth In Lending Tables

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Institution

East Mamprusi Community Bank GambagaNorthern RegionP.O Box 11

Data approved: 2013-03-26

Data version: 2

Age of data: 139 months

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Institution

S.M.I.L.E. Microfinance Limited 4, Dr.Natesan RoadAshok NagarChennai, Tamilnadu600083

Data approved: 2013-05-21

Data version: 1

Age of data: 139 months

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Product

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Product

Micro Loan (IGP) Product 1 of 1 « Prev | Next »

Product Summary

360,271
INR 5,000 - 30,000
6 - 24
Group Mtgs, Credit Ins
26.0% annual, Decl Bal
0.89% upfront
60.00-224.00 upfront
12.36% fees
N/A

25.2% - 26.0%
1.4% - 1.9%
1.3% - 2.8%
0.2% - 0.3%
28.7% - 30.9%
84 - 91
88

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (GHS)	GHS 456,320
Portfolio (USD)	USD 231,634.52
Active Clients with Loans	725
Approximate % Female Clients
Approximate % Urban Clients

Description

Designed for farming purposes to increase yields.

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture	x
Education
Other household finance
Other
Other (2)

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other	Must be a farmer
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 3,017,141,968
Portfolio (USD)	USD 56,927,206.94
Active Clients with Loans	360,271
Approximate % Female Clients	100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

These loans are provided to the poor women for the following Income Generation Programmes (IGP) Small Business Ventures like Tea Shops, Snacks Shops, Wet Grinding, Tailoring etc. Agriculture and Allied Activities etc.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Household income <60,000 INR	x
Household income <120,000 INR	x
Must live in rural area	x
Must lives in urban area	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Tamil Nadu, Puducherry

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	30,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	50%
INR 15,000-25,000	40%
INR 25,000-35,000	10%
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	5%
Between 13 and 18 months	80%
Longer than 18 months	15%

Grace Period

Grace period usage	100%
Average grace period	DK

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	26.00%
Highest quoted nominal interest	26.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0.89%
% of loan amount - max	0.89%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	GTLI
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	60
Fixed amount - max	224
Reason for variation	Rs. 60 for 1 year credit and Rs. 224 for 2 year product
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

Micro Loan (IGP) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 5,000	INR 10,000	INR 20,000	INR 25,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-03-28	2013-03-01	2013-03-01	2013-03-01
Loan Term (Months)	12.0 months	12.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.2 months	0.2 months	0.1 months
Total Cost of Credit	INR 746	INR 1,426.99	INR 4,065.98	INR 4,873.98
True Price by Comp
Interest price component	26.0%	25.2%	25.4%	25.6%
Fee Component	1.9%	1.9%	1.4%	1.5%
Insurance Component	2.8%	1.3%	1.8%	1.5%
Tax Component	0.2%	0.3%	0.2%	0.2%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	30.9%	28.7%	28.8%	28.8%
MFIN MFI Earning (Annualised)	27.9%	27.1%	26.8%	27.1%
MFIN Cost to Borrower (Annualised)	30.9%	28.7%	28.8%	28.8%
Transparency Index	84	91	90	90
MFIN Transparency Index	100	100	100	100

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Micro Loan (IGP) Price Graphs

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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

	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
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	Less or equal to:
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Micro Loan (IGP) samples

Micro Loan (IGP) Price Graphs

Total Borrowers of Samples

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