Outstanding portfolio (GHS) | GHS 1,239,324.86 |
Portfolio (USD) | USD 629,098.91 |
Active Clients with Loans | 1,137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Petty Traders |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Personal hygiene & health education |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | GHS |
Minimum loan size | GHS 200 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 50% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.34% |
Highest quoted nominal interest | 2.34% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 33.33% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 13.50% |
Maximum interest rate paid | 15.50% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | GHS 2,500 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-25 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2012-11-22 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 85.20 | GHS 170.40 | GHS 255.60 | GHS 511.20 | GHS 426 | GHS 1,363.20 | |||||
True Price by Comp | |||||||||||
Interest price component | 46.2% | 46.2% | 46.7% | 46.2% | 46.2% | 45.9% | |||||
Fee Component | 7.3% | 7.3% | 7.3% | 7.3% | 7.3% | 7.2% | |||||
Insurance Component | 3.7% | 3.7% | 3.8% | 3.7% | 3.7% | 3.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 64.7% | 64.7% | 65.8% | 64.7% | 64.7% | 64.4% | |||||
Full APR (int fee ins tax dep) | 121.9% | 121.9% | 123.6% | 121.9% | 121.9% | 121.1% | |||||
Transparency Index | 23 | 23 | 23 | 23 | 23 | 23 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.ujjivan.com/ |
Year established | 2005 |
Head of Institution | Samit Ghosh |
Regions active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
# Branches | 298 |
Total Portfolio (nat'l) | INR 8,831,317,978 |
Total Portfolio (USD) | USD 166,628,641.10 |
Active clients with loans | 918,610 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | Association of Karnataka Microfinance Inst (AKMI), Sa-Dhan, MFIN, Women's World Banking |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | INR 6,000 - 50,000 | 12 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Med HH Inc, Can be used for spouses/son's business | Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Training, Life Insurance | |||||||
Education Loan | INR 5,000 - 15,000 | 12 | 80% - 100% | 80% - 100% | Education | Women, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Financial literacy training, Scholarships by Parinaam Foundation for deserving students. | |||||||
Emergency Loan | INR 2,000 - 2,000 | 6 | 80% - 100% | 80% - 100% | Other, Emergency use only | Women, Med HH Inc | Group Mtgs | |||||||
Family Loan | INR 6,000 - 35,000 | 12 - 24 | 80% - 100% | 80% - 100% | Housing, Consumer, Education, Other | Women, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Financial Literacy training, Life Insurance | |||||||
Livestock Loan | INR 15,000 - 35,000 | 24 | 80% - 100% | 0% - 20% | Business | Women, Med HH Inc | Credit Educ, 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 23.7% | 25.1% - 25.5% | 26.7% - 28.2% | Yes | Yes | Yes | 100 | |||||||
Education Loan | 23.3% - 23.8% | 25% - 25.7% | 26.3% - 28.3% | Yes | Yes | Yes | 100 | |||||||
Emergency Loan | 23.3% - 24.4% | 23.3% - 24.4% | 23.3% - 24.4% | Yes | Yes | Yes | 100 | |||||||
Family Loan | 23.7% - 24.8% | 25.1% - 26.7% | 26.7% - 29.3% | Yes | Yes | Yes | 100 | |||||||
Livestock Loan | 25% - 26.9% | 26% - 27.9% | 32.4% - 34.9% | Yes | Yes | Yes | 93 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 24.0%-25.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 25.1% - 25.5% | 26.7% - 28.2% | 87 | ||||||||
Education Loan | 24.0%-25.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 25% - 25.7% | 26.3% - 28.3% | 87 | ||||||||
Emergency Loan | 24.0%-25.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 23.3% - 24.4% | 23.3% - 24.4% | 100 | ||||||||
Family Loan | 24.0%-25.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 25.1% - 26.7% | 26.7% - 29.3% | 86 | ||||||||
Livestock Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins | 12.36% fees | N/A | 26% - 27.9% | 32.4% - 34.9% | 72 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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