| Number borrowers | 231 |
| Loan Amount (range) | INR 10,000 - 50,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Leadership Training |
| Annual Interest & Method | 22.9% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 0.47%-0.97% upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.8% - 23.8% |
| Fee Component | 0.9% - 2.2% |
| Insurance Component | 0 - 1.1% |
| Tax Component Range | 0.1% - 0.3% |
| Full APR (int fee ins tax dep) | 24.7% - 26.4% |
| Transparency Index (min/max) | 87 - 93 |
| Transparency Index (average) | 90 |
| 833 |
| COP 515,000 - 40,000,000 |
| 1 - 36 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Ruedas de Negocio |
| 24.0% annual, Decl Bal |
| 4.50%-7.50% upfront 5,000.00 upfront |
| 6.00% ongoing |
| None |
| N/A |
| N/A |
| 29.0% - 37.5% (Int+Fee) |
| 0.7% - 0.8% |
| 0 |
| 29.7% - 38.2% |
| 59 - 81 |
| 73 |
| Outstanding portfolio (INR) | INR 4,303,387 |
| Portfolio (USD) | USD 81,195.98 |
| Active Clients with Loans | 231 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Group Based indivudual lending |
| 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 | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Group Leadership Training |
| 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 | x |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | x |
| Must lives in urban area | x |
| Other | Must have an access to waterland |
| Other (2) |
| # Regions for this institution | 18 |
| # Regions for this product | 1 |
| Regions Active | West Bengal |
| Outstanding portfolio (COP) | COP 2,627,461,218 |
| Portfolio (USD) | USD 1,443,660.01 |
| Active Clients with Loans | 833 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | Capital de Trabajo |
| Other (2) | Compra de Activos |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Ruedas de Negocio |
| 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 | Codeudor con Finca Raiz |
| Other (2) | Codeudor asalariado o independiente |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | INR |
| Minimum loan size | INR 10,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 10% |
| INR 15,000-25,000 | 80% |
| INR 25,000-35,000 | 5% |
| INR 35,000-45,000 | 5% |
| Greater than INR 45,000 | 5% |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 100% |
| Average grace period | 3.0 months |
| 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 |
| Currency | COP |
| Minimum loan size | COP 515,000 |
| Maximum loan size | 40,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 15.0 months |
| Grace period usage | 10% |
| Average grace period | 6.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 22.90% |
| Highest quoted nominal interest | 22.90% |
| 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? | Yes |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0.47% |
| % of loan amount - max | 0.97% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively |
| 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? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | COMSION DE MICROCREDITO LEY 590/2000 | CIFIN | |
| % of loan amount - min | 4.50% | 0 | |
| % of loan amount - max | 7.50% | 0 | |
| OR, Fixed amount - min | 0 | 5,000 | |
| Fixed amount - max | 0 | 5,000 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| 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 10,000 | INR 20,000 | INR 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-10-16 | 2012-09-18 | 2012-10-31 | ||
| Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | -0.3 months | 0.0 months | -0.1 months | ||
| Total Cost of Credit | INR 1,704.16 | INR 5,996.32 | INR 9,006.48 | ||
| True Price by Comp | |||||
| Interest price component | 23.8% | 22.7% | 22.9% | ||
| Fee Component | 1.6% | 1.0% | 0.9% | ||
| Insurance Component | 0.8% | 0.9% | 1.0% | ||
| Tax Component | 0.2% | 0.1% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 26.4% | 24.7% | 24.9% | ||
| MFIN MFI Earning (Annualised) | 25.4% | 23.7% | 23.8% | ||
| MFIN Cost to Borrower (Annualised) | 26.4% | 24.7% | 24.9% | ||
| Transparency Index | 87 | 93 | 92 | ||
| MFIN Transparency Index | 96 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 2,100,000 | COP 7,000,000 | COP 29,300,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-18 | 2011-04-15 | 2011-03-25 | ||
| Loan Term (Months) | 15.0 months | 24.0 months | 6.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 37.5% | 30.9% | 29.0% | ||
| Insurance Component | 0.8% | 0.7% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 38.2% | 31.7% | 29.7% | ||
| Transparency Index | 63 | 76 | 81 | ||
| 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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