Opportunity International Savings & Loans Ltd. - Agriculture Loan - MFTransparency.org Truth In Lending Tables

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Institution

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323

Data approved: 2013-03-12

Data version: 2

Age of data: 141 months

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Institution

Chaitanya India Fin Credit Pvt Ltd #169, 1st Floor, 5th MainChamarajpetBangalore, KarnatakaPO Box 560018

Data approved: 2012-11-26

Data version: 3

Age of data: 141 months

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Product

Agriculture Loan Product 1 of 10 « Prev | Next »

Product

3D Business Loan Product 3 of 7 « Prev | Next »

Product Summary

Number borrowers	7,428
Loan Amount (range)	GHS 130 - 10,000
Loan Term (range)	6 - 9
Other Services (text summary)	Credit Educ, Credit Ins
Annual Interest & Method	36.0% annual, Flat
Fees	3.50% upfront 3.00 upfront
Insurance	1.00% ongoing
Tax	None
Comp Dep	10.0% upfront
Range of pricing
Interest Price Component	33.9% - 69.6%
Fee Component	2.9% - 24.0%
Insurance Component	0.5% - 4.4%
Tax Component Range	0
Full APR (int fee ins tax dep)	47.0% - 78.8%
Transparency Index (min/max)	31 - 88
Transparency Index (average)	61

Product Summary

8,393
INR 36,000 - 50,000
24 - 30
Credit Educ, Group Mtgs, Credit Ins
26.0% annual, Decl Bal
0.88% upfront
1.20% upfront
12.36% fees
N/A

25.8% - 27.3%
1.4% - 2.4%
2.1% - 3.5%
0.2% - 0.4%
31.3% - 33.0%
79 - 88
81

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 2,448,297
Portfolio (USD)	USD 1,242,790.36
Active Clients with Loans	7,428
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Agriculture loan is designed to offer loans to farmers for farm input purchase etc.

Loan Purpose

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

Included Services

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

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	Farmers
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	5
Regions Active	Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 94,654,051
Portfolio (USD)	USD 1,785,925.49
Active Clients with Loans	8,393
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other	Joint liability group (JLGs)

Description

3D Business loan is offered to customers engaged in income generating activities. The loan terms is 2 years and loan disbursement is made in three installments.

Loan Purpose

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

Included Services

Credit education	x
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
Household income <60,000 INR
Household income <120,000 INR
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 institution	1
# Regions for this product	1
Regions Active	Karnataka

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 130
Maximum loan size	10,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	90%
GHS 1,000-5,000	10%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	9.0 months
Approx average	7.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	90%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	6.0 months

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 36,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

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

Loan Term and Grace Period

Shortest loan term	24.0 months
Longest loan term	30.0 months
Approx average	27.0 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	0
Between 13 and 18 months	0
Longer than 18 months	100%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
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	36.00%
Highest quoted nominal interest	36.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Application Fee
% of loan amount - min	3.50%	0
% of loan amount - max	3.50%	0
OR, Fixed amount - min	0	3
Fixed amount - max	0	3
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	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	1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	3.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

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	0.88%
% 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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	1.20%
% of loan amount - max	1.20%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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

Agriculture Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	GHS 297	GHS 750	GHS 1,530	GHS 3,000	GHS 5,600
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-05-04	2012-12-21	2012-05-31	2012-10-02	2012-10-12
Loan Term (Months)	10.0 months	4.9 months	9.0 months	10.0 months	5.8 months
Grace Period (Months)	5.6 months	2.0 months	4.7 months	0.4 months	2.9 months
Total Cost of Credit	GHS 92.10	GHS 145.50	GHS 424.41	GHS 1,071.20	GHS 1,227.81
True Price by Comp
Interest price component	33.9%	41.5%	34.8%	57.3%	40.1%
Fee Component	6.9%	12.3%	6.4%	8.1%	9.1%
Insurance Component	1.2%	2.7%	1.3%	1.7%	2.2%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	5.0%	7.3%	5.2%	11.7%	6.3%
Full APR (int fee ins tax dep)	47.0%	63.8%	47.7%	78.8%	57.7%
Transparency Index	77	56	75	46	62

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

Full Pricing Data

3D Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 39,000	INR 42,000	INR 50,000	INR 50,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-10	2012-10-15	2012-09-26	2012-10-05
Loan Term (Months)	28.0 months	28.0 months	27.0 months	27.0 months
Grace Period (Months)	0.4 months	0.1 months	0.4 months	0.0 months
Total Cost of Credit	INR 6,378	INR 7,073	INR 7,474	INR 7,152
True Price by Comp
Interest price component	25.9%	27.3%	25.9%	25.9%
Fee Component	2.1%	2.2%	2.3%	2.4%
Insurance Component	3.0%	3.1%	3.3%	3.5%
Tax Component	0.3%	0.4%	0.3%	0.3%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.3%	33.0%	31.8%	32.1%
MFIN MFI Earning (Annualised)	28.0%	29.5%	28.2%	28.3%
MFIN Cost to Borrower (Annualised)	31.3%	33.0%	31.8%	32.1%
Transparency Index	83	79	82	81
MFIN Transparency Index	100	95	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

Agriculture Loan Price Graphs

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3D Business Loan 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
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
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Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

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

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

Additional Comments

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

Agriculture Loan samples

Full Pricing Data

3D Business Loan samples

Agriculture Loan Price Graphs

3D Business Loan Price Graphs

Total Borrowers of Samples

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