2. Belstar
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Institution

Belstar Investment & finance private ltd 11 C, Rathinammal Street , Rangarajapuram, KodambakkamChennai, Tamilnadu600024
Data approved: 2013-05-07
Data version: 3
Age of data: -   months 
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Product

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

Product Details

Key Statistics
Outstanding portfolio (INR)INR 965,501,999
Portfolio (USD)USD 18,217,018.85
Active Clients with Loans94,474
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
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 productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size24,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00030%
INR 15,000-25,00070%
INR 25,000-35,0000
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

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 - min53
Fixed amount - max163
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

Full Pricing Data

Micro Enterprise Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 15,000INR 24,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-102013-01-252013-04-12
Loan Term (Months)13.0 months16.0 months25.0 months
Grace Period (Months)1.0 month0.9 months1.0 month
Total Cost of CreditINR 2,063.83INR 3,060.54INR 7,184.66
True Price by Comp     
Interest price component24.8%25.0%24.8%
Fee Component1.7%1.5%1.0%
Insurance Component0.8%0.7%0.8%
Tax Component0.2%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.5%27.4%26.7%
MFIN MFI Earning (Annualised)26.5%26.5%25.8%
MFIN Cost to Borrower (Annualised)27.5%27.4%26.7%
Transparency Index919194
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Micro Enterprise Loan Price Graphs


Click to view Price Analysis Tool
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K-Rep000141
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MKL18,2005,989,0006117
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RAFODE2,900356,0001141
SISDO7,3003,657,00011141
Yehu14,0003,149,00011141
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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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