| 152,607 |
| INR 7,200 - 19,650 |
| 12.2 - 23.33 |
| Credit Educ, Group Mtgs, Credit Ins |
| 26.0% annual, Decl Bal |
| 70.00-240.00 upfront |
| 100.00-500.00 upfront |
| None |
| N/A |
| 23.0% - 26.2% |
| 0.9% - 4.0% |
| 0 - 2.0% |
| 0 - 0.5% |
| 27.5% - 28.8% |
| 75 - 95 |
| 92 |
| Outstanding portfolio (INR) | INR 1,119,092,232 |
| Portfolio (USD) | USD 21,114,947.77 |
| Active Clients with Loans | 152,607 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 4 |
| Regions Active | Haryana, Madhya Pradesh, Uttar Pradesh, Uttarakhand |
| Currency | INR |
| Minimum loan size | INR 7,200 |
| Maximum loan size | 19,650 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 90% |
| INR 15,000-25,000 | 10% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.2 months |
| Longest loan term | 23.3 months |
| Approx average | DK |
| 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 | 90% |
| Longer than 18 months | 10% |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| 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 |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 70 |
| Fixed amount - max | 240 |
| Reason for variation | Processing fee varies with the loan size |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 100 |
| Fixed amount - max | 500 |
| Reason for variation | Insurance premium amount varies with the loan size |
| 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? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 9,600 | INR 14,400 | INR 20,400 | INR 24,500 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-04-17 | 2013-04-17 | 2013-04-30 | 2013-04-23 | |||
| Loan Term (Months) | 13.0 months | 13.0 months | 25.0 months | 25.0 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | INR 1,589.99 | INR 2,374.59 | INR 6,249.98 | INR 7,489.98 | |||
| True Price by Comp | |||||||
| Interest price component | 25.0% | 25.0% | 25.4% | 25.3% | |||
| Fee Component | 1.6% | 1.6% | 0.9% | 0.9% | |||
| Insurance Component | 2.0% | 2.0% | 1.1% | 1.1% | |||
| Tax Component | 0.2% | 0.0% | 0.1% | 0.2% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 28.8% | 28.6% | 27.5% | 27.5% | |||
| MFIN MFI Earning (Annualised) | 26.6% | 26.6% | 26.3% | 26.2% | |||
| MFIN Cost to Borrower (Annualised) | 28.8% | 28.6% | 27.5% | 27.5% | |||
| Transparency Index | 90 | 91 | 95 | 95 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| 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 | ||||||
| to ∞ | ||||||
