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 |
292 |
KES 5,000 - 200,000 |
6 - 12 |
Credit Educ, Credit Ins |
20.0% annual, Flat |
2.00% upfront |
2.00% upfront |
None |
N/A |
26.8% - 38.7% |
2.0% - 7.5% |
2.1% - 7.7% |
0 |
43.6% - 49.6% |
13 - 51 |
44 |
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 (KES) | KES 6,484,680 |
Portfolio (USD) | USD 78,317.39 |
Active Clients with Loans | 292 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley, Western |
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 | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 200,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 20% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan 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? | Yes |
Ins 1 | |
---|---|
Description | Risk Management 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? | 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 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 20,000 | KES 50,000 | KES 95,000 | KES 200,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-04-11 | 2013-06-19 | 2013-05-01 | 2013-06-05 | 2013-05-24 | ||||
Loan Term (Months) | 12.0 months | 5.8 months | 12.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 0.7 months | 0.7 months | 0.7 months | 0.7 months | 0.7 months | ||||
Total Cost of Credit | KES 2,400.16 | KES 2,800 | KES 12,000 | KES 22,800 | KES 48,000 | ||||
True Price by Comp | |||||||||
Interest price component | 35.4% | 34.6% | 35.4% | 35.4% | 35.4% | ||||
Fee Component | 4.1% | 7.4% | 4.1% | 4.1% | 4.1% | ||||
Insurance Component | 4.1% | 7.6% | 4.1% | 4.1% | 4.1% | ||||
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) | 43.6% | 49.6% | 43.6% | 43.6% | 43.6% | ||||
Transparency Index | 46 | 40 | 46 | 46 | 46 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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