| Number borrowers | 164,004 |
| Loan Amount (range) | INR 5,000 - 15,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 25.3%-26.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 0.50% upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 25.9% |
| Fee Component | 2.0% |
| Insurance Component | 1.0% |
| Tax Component Range | 0.2% |
| Full APR (int fee ins tax dep) | 29.1% |
| Transparency Index (min/max) | 87 |
| Transparency Index (average) | 87 |
| 19,006 |
| COP 500,000 - 13,300,000 |
| 6 - 24 |
| Credit Ins |
| 28.8%-34.0% annual, Decl Bal |
| 18,638.00-37,250.00 upfront 4.50%-7.50% ongoing |
| 5.00% ongoing |
| None |
| N/A |
| N/A |
| 42.7% - 49.4% (Int+Fee) |
| 0.3% - 1.1% |
| 0 |
| 43.6% - 50.3% |
| 57 - 73 |
| 61 |
| Outstanding portfolio (INR) | INR 815,142,477 |
| Portfolio (USD) | USD 15,380,046.74 |
| Active Clients with Loans | 164,004 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| 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 | 4 |
| # Regions for this product | 4 |
| Regions Active | Assam, Bihar, Tripura, West Bengal |
| Outstanding portfolio (COP) | COP 26,646,745,449 |
| Portfolio (USD) | USD 14,641,068.93 |
| Active Clients with Loans | 19,006 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 15,000 |
| Loans less than INR 5,000 | 10% |
| INR 5,000-15,000 | 90% |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | COP |
| Minimum loan size | COP 500,000 |
| Maximum loan size | 13,300,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 25.26% |
| Highest quoted nominal interest | 25.97% |
| Reason(s) why interest rate varies | Loan repayment period i.e either weekly, monthly or fortnightly. |
| 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 | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Service Tax extra |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Premium |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 2.83% |
| Reason(s) why interest rate varies | N/A |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Consulta Centrales de Riesgo |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 18,638 |
| Fixed amount - max | 37,250 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Fee 1 | |
|---|---|
| Description | Comision Mipyme. Anual + IVA |
| % of loan amount - min | 4.50% |
| % of loan amount - max | 7.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Vida Deudores |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 7,000 | INR 6,000 | INR 10,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-12-12 | 2012-12-27 | 2012-12-19 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | INR 1,114.65 | INR 955.42 | INR 1,592.36 | ||
| True Price by Comp | |||||
| Interest price component | 25.9% | 25.9% | 25.9% | ||
| Fee Component | 2.0% | 2.0% | 2.0% | ||
| Insurance Component | 1.0% | 1.0% | 1.0% | ||
| Tax Component | 0.2% | 0.2% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.1% | 29.1% | 29.1% | ||
| MFIN MFI Earning (Annualised) | 27.9% | 27.9% | 27.9% | ||
| MFIN Cost to Borrower (Annualised) | 29.1% | 29.1% | 29.1% | ||
| Transparency Index | 87 | 87 | 87 | ||
| MFIN Transparency Index | 98 | 98 | 98 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | COP 1,500,000 | COP 3,500,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2011-02-09 | 2011-02-19 | |
| Loan Term (Months) | 15.0 months | 24.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 49.4% | 42.7% | |
| Insurance Component | 0.9% | 0.9% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 50.3% | 43.6% | |
| Transparency Index | 57 | 66 | |
| 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 |
|---|---|---|---|---|---|---|---|
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