2. Belstar
Please note that the information you are viewing is 118 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Innovative Finance
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Belstar Investment and Finance Private Limited 11 C, Rathinammal Street , Rangarajapuram, KodambakkamChennai, Tamilnadu600024
Data approved: 2014-09-22
Data version: 4
Age of data: 118 months
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Institution

Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP.O. Box CT 153
Data approved: 2013-03-20
Data version: 2
Age of data: 139 months
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Product

Micro Enterprise Loan Product 1 of 2 « Prev | Next »

Product

Susu Loan Product 5 of 6 « Prev | Next »

Product Summary

Number borrowers117,606
Loan Amount (range)INR 12,000 - 30,000
Loan Term (range)13 - 25
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training
Annual Interest & Method25.0% annual, Decl Bal
Fees1.00% upfront
Insurance63.00-236.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.7% - 26.4%
Fee Component1.0% - 1.8%
Insurance Component0.6% - 1.1%
Tax Component Range0.2% - 0.4%
Full APR (int fee ins tax dep)26.7% - 29.0%
Transparency Index (min/max)84 - 94
Transparency Index (average)91

Product Summary

275
GHS 200 - 1,500
3 - 8
Credit Educ, Tech Asst Visits, Business Training, Other Training
60.00%-84.00% annual, Flat
2 fees
1.00% upfront
None
30.00% upfront
 
84.9% - 110.4%
11.3% - 31.6%
0 - 6.6%
0
166.9% - 235.4%
25 - 36
28

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,213,447,806
Portfolio (USD)USD 22,895,241.62
Active Clients with Loans117,606
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Micro Enterprise Loan is designed to provide finance to start new enterprise or strengthen existing enterprises.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
OtherMust be a Member of an SHG
Other (2)Must be in the age group of 18 to 60 years.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product4
Regions ActiveKarnataka, Madhya Pradesh, Tamil Nadu, Puducherry

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 55,000
Portfolio (USD)USD 27,918.78
Active Clients with Loans275
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed using a susu methodology, suitable for individuals with microenterprises.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust contribute daily savings prior to receiving loan. Must have guarantor.
Other (2)Must have been working for the past 2-3 years
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Northern Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00060%
INR 15,000-25,00030%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term13.0 months
Longest loan term25.0 months
Approx average19.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months50%
Longer than 18 months50%
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size1,500
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term8.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months80%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest25.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN / A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min63
Fixed amount - max236
Reason for variationInsurance Premium varies depending on loan size & term.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedAll

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest7.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeCommitment Fee
% of loan amount - min3.00%2.00%
% of loan amount - max3.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid8.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Micro Enterprise Loan samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
MFIN MFI Earning (Annualised)
MFIN Cost to Borrower (Annualised)
Transparency Index
MFIN Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
INR 24,000 Real 2014-08-28 24.7 months 0.0 months INR 7,150.83 27.7% 25.3% 1.1% 1.0% 0.3% 0.0% 26.4% 27.7% 88 99 PDF PDF
INR 24,000 Generated 2015-03-01 24.0 months N/A INR 7,474.28 27.0% 24.7% 1.0% 1.0% 0.3% 0.0% 25.7% 27.0% 93 100 - PDF
INR 15,000 Real 2014-08-28 15.8 months 0.9 months INR 2,995.33 29.0% 26.4% 1.6% 0.7% 0.3% 0.0% 28.0% 29.0% 84 95 PDF PDF
INR 15,000 Generated 2015-03-01 15.0 months N/A INR 2,993.18 27.1% 24.7% 1.5% 0.6% 0.3% 0.0% 26.2% 27.1% 92 100 - PDF
INR 12,000 Generated 2015-03-01 16.0 months N/A INR 2,545.87 27.2% 24.7% 1.4% 0.8% 0.3% 0.0% 26.1% 27.2% 92 100 - PDF
INR 12,000 Generated 2015-03-01 16.0 months N/A INR 2,545.87 27.2% 24.7% 1.4% 0.8% 0.3% 0.0% 26.1% 27.2% 92 100 - PDF
INR 15,000 Generated 2015-03-01 16.0 months N/A INR 3,164.65 27.0% 24.7% 1.4% 0.6% 0.3% 0.0% 26.1% 27.0% 93 100 - PDF
INR 24,000 Generated 2015-03-01 24.9 months N/A INR 7,762.07 26.9% 24.7% 1.0% 1.0% 0.2% 0.0% 25.7% 26.9% 93 100 - PDF
INR 30,000 Generated 2015-03-01 24.9 months N/A INR 9,636.30 26.7% 24.7% 1.0% 0.8% 0.2% 0.0% 25.7% 26.7% 94 100 - PDF
INR 30,000 Generated 2015-03-01 24.9 months N/A INR 9,636.30 26.7% 24.7% 1.0% 0.8% 0.2% 0.0% 25.7% 26.7% 94 100 - PDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Susu Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 200GHS 1,000GHS 1,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-242013-01-072012-11-23
Loan Term (Months)3.1 months7.0 months6.0 months
Grace Period (Months)0.0 months1.0 month0.0 months
Total Cost of CreditGHS 48.10GHS 420.20GHS 630
True Price by Comp     
Interest price component100.3%84.9%110.4%
Fee Component31.6%14.6%19.3%
Insurance Component6.6%3.1%4.0%
Tax Component0.0%0.0%0.0%
Deposit Component96.9%64.3%96.6%
Full APR (int fee ins tax dep)235.4%166.9%230.3%
Transparency Index253626
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Micro Enterprise Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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