Number borrowers | 201,981 |
Loan Amount (range) | INR 15,000 - 50,000 |
Loan Term (range) | 23 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 24.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.43% ongoing Y |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.9% - 23.8% |
Fee Component | 0.7% - 1.9% |
Insurance Component | 3.9% - 4.5% |
Tax Component Range | 0.1% - 0.2% |
Full APR (int fee ins tax dep) | 28.9% - 29.3% |
Transparency Index (min/max) | 81 - 84 |
Transparency Index (average) | 82 |
3,305 |
TZS 50,000 - 1,500,000 |
3 - 12 |
Tech Asst Visits, Business Training |
24.00%-29.00% annual, Flat |
0.50% upfront |
1.00% upfront |
None |
25.00% upfront |
N/A |
45.1% - 54.3% (Int+Fee) |
2.2% - 7.8% |
0 |
89.8% - 106.4% |
23 - 39 |
25 |
Outstanding portfolio (INR) | INR 1,224,838,746 |
Portfolio (USD) | USD 23,110,165.02 |
Active Clients with Loans | 201,981 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | For establishment cost,fixed cost,working capital |
Other (2) |
Credit education | |
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 | |
Must own a home or land | |
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) |
# Regions for this institution | 17 |
# Regions for this product | 15 |
Regions Active | Andhra Pradesh, Bihar, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal |
Outstanding portfolio (TZS) | TZS 230,346,486 |
Portfolio (USD) | USD 144,872 |
Active Clients with Loans | 3,305 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
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 | Belong to the community enjoying the services |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 60% |
INR 25,000-35,000 | 30% |
INR 35,000-45,000 | 5% |
Greater than INR 45,000 | 5% |
Shortest loan term | 23.0 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 | 1.0 month |
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 | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 1,500,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Credit Plus | Health Insurance | |
% of loan amount - min | 0.43% | 0 | |
% of loan amount - max | 0.43% | 0 | |
OR, Fixed amount - min | 0 | 130 | |
Fixed amount - max | 0 | 130 | |
Reason for variation | 4.26 per thousand per person per month | Rs. 130 per person | |
Appears on Repayment Sched? | Yes | 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 | 24.00% |
Highest quoted nominal interest | 29.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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 | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 18,000 | INR 18,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-17 | 2013-05-27 | 2013-05-27 | ||
Loan Term (Months) | 26.0 months | 36.0 months | 36.0 months | ||
Grace Period (Months) | 0.7 months | 0.5 months | 0.4 months | ||
Total Cost of Credit | INR 6,466.25 | INR 8,704.25 | INR 8,638.25 | ||
True Price by Comp | |||||
Interest price component | 23.7% | 23.8% | 23.8% | ||
Fee Component | 1.0% | 0.7% | 0.7% | ||
Insurance Component | 4.5% | 4.3% | 4.4% | ||
Tax Component | 0.1% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.3% | 28.9% | 29.0% | ||
MFIN MFI Earning (Annualised) | 24.7% | 24.5% | 24.5% | ||
MFIN Cost to Borrower (Annualised) | 29.3% | 28.9% | 29.0% | ||
Transparency Index | 82 | 83 | 83 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | TZS 100,000 | TZS 250,000 | TZS 500,000 | TZS 1,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-01-02 | 2011-07-07 | 2011-02-06 | 2011-02-04 | |||
Loan Term (Months) | 3.3 months | 3.3 months | 6.1 months | 9.3 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 46.0% | 45.1% | 54.3% | 49.8% | |||
Insurance Component | 7.0% | 6.8% | 4.5% | 2.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 39.3% | 37.9% | 47.6% | 39.2% | |||
Full APR (int fee ins tax dep) | 92.3% | 89.8% | 106.4% | 91.8% | |||
Transparency Index | 26 | 27 | 23 | 26 | |||
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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