Arth Microfinance Pvt Ltd - Shahyog - MFTransparency.org Truth In Lending Tables

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Institution

Arth Microfinance Pvt Ltd A-11,Mahaveer udyan pathBajaj NagarJaipur, Rajasthan302015

Data approved: 2010-10-25

Data version: 1

Age of data: 171 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 27,025,420
Portfolio (USD)	USD 509,913.58
Active Clients with Loans	2,758
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Sahyog product use for 1st and second cycle loan. These loans give for income generating sources.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
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	x
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	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 10,000
Maximum loan size	16,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 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	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.4 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	15.00%
Highest quoted nominal interest	15.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
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	Insurance Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
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?	No

Are taxes charged on this product?

Full Pricing Data

Shahyog samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 10,000	INR 10,000	INR 16,000
Loan Cycle (1, 2, 3, etc)	1	1	2
Disbursement Date	2010-05-18	2010-05-18	2010-06-29
Loan Term (Months)	11.9 months	11.9 months	11.9 months
Grace Period (Months)	1.0 month	1.0 month	1.0 month
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	31.7%	31.7%	31.7%
Insurance Component	4.2%	4.2%	4.2%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	35.9%	35.9%	35.9%
MFIN MFI Earning (Annualised)	31.7%	31.7%	31.7%
MFIN Cost to Borrower (Annualised)	35.9%	35.9%	35.9%
Transparency Index	42	42	42
MFIN Transparency Index	N/A	N/A	N/A

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

* The APR stated here is an MFTransparency term, definition and formula

Shahyog Price Graphs

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Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ABT	25,400	37,378,000	2	121
AKIBA	26,900	36,852,000	4	135
BELITA	5,800	492,000	1	135
BRAC Tanzania	102,300	19,663,000	2	135
F & K Finance	0	38,000	1	157
FINCA Tanzania	78,400	31,517,000	3	117
FMFC	1,500	392,000	6	135
K-Finance Ltd	1,000	264,000	2	135
Mbinga	1,000	2,986,000	3	135
MCBL	3,600	2,837,000	6	135
MDF Tanzania	600	148,000	1	135
NMB	45,100	74,528,000	1	135
Opportunity	8,600	3,018,000	3	135
PRIDE Tanzania	104,400	33,321,000	3	135
PTF		-	N/A	135
Selfina	8,000	3,773,000	2	157
Tujijenge Tanzania	10,000	2,060,000	4	135
VF^Tanzania	34,390	7,613,000	4	129
Victoria	100	377,000	3	157
YOSEFO	17,100	2,211,000	3	157

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
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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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