Number borrowers | 5,611 |
Loan Amount (range) | INR 6,000 - 18,000 |
Loan Term (range) | 10 - 11 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 27.3% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.51% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.0% - 31.1% |
Fee Component | 1.6% - 2.3% |
Insurance Component | 1.1% - 1.4% |
Tax Component Range | 0.2% - 0.5% |
Full APR (int fee ins tax dep) | 28.5% - 30.9% |
Transparency Index (min/max) | 83 - 98 |
Transparency Index (average) | 91 |
1,510 |
AZN 1,000 - 20,000 |
6 - 18 |
Credit Educ, Group Mtgs, Credit Ins |
24.0%-36.0% annual, Decl Bal |
2.00%-8.00% upfront |
None |
None |
N/A |
N/A |
33.9% - 43.0% (Int+Fee) |
0 |
0 |
33.9% - 43.0% |
0 - N/A |
63 |
Outstanding portfolio (INR) | INR 51,249,000 |
Portfolio (USD) | USD 966,962.26 |
Active Clients with Loans | 5,611 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
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 | x |
Women | x |
Must run a business | x |
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) |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | West Bengal |
Outstanding portfolio (AZN) | AZN 16,453,216 |
Portfolio (USD) | USD 21,093,866.67 |
Active Clients with Loans | 1,510 |
Approximate % Female Clients | 20% - 40% |
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 | x |
Group meetings | x |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 18,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 20% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 10.0 months |
Longest loan term | 11.0 months |
Approx average | 10.5 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 | 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 |
Currency | AZN |
Minimum loan size | AZN 1,000 |
Maximum loan size | 20,000 |
Loans less than AZN 1,000 | 0 |
AZN 1,000-5,000 | 30% |
AZN 5,000-8,000 | 20% |
AZN 8,000-11,000 | 20% |
AZN 11,000-14,000 | 20% |
Greater than AZN 14,000 | 20% |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 0 |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 90% |
Longer than 18 months | 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 | 27.30% |
Highest quoted nominal interest | 27.30% |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 0.51% |
% of loan amount - max | 0.51% |
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 | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
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 | Fee for cash withdrawal |
% of loan amount - min | 2.00% |
% of loan amount - max | 8.00% |
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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 10,000 | INR 18,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-11-29 | 2012-11-30 | 2012-10-05 | ||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | ||
Grace Period (Months) | 0.0 months | 0.1 months | 0.5 months | ||
Total Cost of Credit | INR 1,413.36 | INR 1,419.66 | INR 2,544.05 | ||
True Price by Comp | |||||
Interest price component | 27.1% | 26.7% | 25.0% | ||
Fee Component | 2.3% | 2.3% | 2.1% | ||
Insurance Component | 1.2% | 1.2% | 1.2% | ||
Tax Component | 0.3% | 0.5% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 30.9% | 30.7% | 28.5% | ||
MFIN MFI Earning (Annualised) | 29.4% | 29.0% | 27.1% | ||
MFIN Cost to Borrower (Annualised) | 30.9% | 30.7% | 28.5% | ||
Transparency Index | 88 | 89 | 96 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | AZN 1,615 | AZN 3,240 | AZN 6,318 | AZN 10,000 | AZN 12,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-09-26 | 2011-06-07 | 2011-05-06 | 2011-08-16 | 2011-08-26 | ||||
Loan Term (Months) | 12.0 months | 12.0 months | 6.0 months | 6.0 months | 12.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 36.1% | 39.9% | 43.0% | 39.1% | 33.9% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 36.1% | 39.9% | 43.0% | 39.1% | 33.9% | ||||
Transparency Index | 67 | 60 | 56 | 61 | 71 | ||||
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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