Key Statistics
Outstanding portfolio (INR) | INR 89,050,957 |
Portfolio (USD) | USD 1,978,910 |
Active Clients with Loans | 13,262 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Bazar loan Provided to the Vendors in the authorized markets selling household commodities, generally perishables. Loan range from Rs. 6,000 or Rs. 18,000. Interest Rate is 27.29%.Tenure is 45 weeks & weekly installment is Rs. 25/Rs.1,000 of loan.\r
Pricing Information
Interest
Lowest quoted nominal interest | 27.29% |
Highest quoted nominal interest | 27.29% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Loan Processing Fees (includes insurance) |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | |
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? | No |
Additional Comments
Insurance is included in the LPF but when asked to clarify how much goes for insurance, we are informed that Rs. 47.8 is paid for insurance. Therefore we entered Rs. 47.8 in the 'insurance paid' field and deduct Rs. 47.8 from the total fees paid \r\r