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Institution
Data approved: 2010-10-25
Data version: 1
Age of data: - months
Key Statistics
| Outstanding portfolio (INR) | INR 1,062,423,620 |
| Portfolio (USD) | USD 23,609,414 |
| Active Clients with Loans | 37,770 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
A Loan extended to small & Medium Traders based on their individual capacities for further development of their business and improve their standards of living.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | income generating activities |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| 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) | |
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 25,000 |
| Maximum loan size | 300,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 24.90% |
| Highest quoted nominal interest | 28.10% |
| 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
| Fee 1 |
|---|
| Description | Upfront Interest |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.70% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Insurance Premium |
| % of loan amount - min | 0.40% |
| % of loan amount - max | 0.80% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| 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 |
Additional Comments
Insurance varies as minimum is for the client and maximum is for the client and spouse. Insurance is provided through a tie-up with Insurance agency
Full Pricing Data
Micro Enterprise Loan samples
| Sample 1 | | Sample 2 |
|---|
| Loan Amount | INR 30,000 | | INR 42,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known |
| Disbursement Date | 2010-06-26 | | 2010-03-04 |
| Loan Term (Months) | 12.0 months | | 12.0 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 | 27.4% | | 30.0% |
| Insurance Component | 1.5% | | 1.6% |
| Tax Component | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 28.9% | | 31.6% |
| MFIN MFI Earning (Annualised) | 27.4% | | 30.0% |
| MFIN Cost to Borrower (Annualised) | 28.9% | | 31.6% |
| Transparency Index | 86 | | 79 |
| MFIN Transparency Index | N/A | | N/A |
| | | | |
| Original Repayment Schedule | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF |
* The APR stated here is an MFTransparency term, definition and formula
Micro Enterprise Loan Price Graphs
