| Number borrowers | 2,162 |
| Loan Amount (range) | INR 36,000 - 50,000 |
| Loan Term (range) | 24 - 30 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 26.0% annual, Decl Bal |
| Fees | 0.88% upfront |
| Insurance | 1.20% upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 25.8% - 27.3% |
| Fee Component | 1.4% - 2.4% |
| Insurance Component | 2.1% - 3.5% |
| Tax Component Range | 0.2% - 0.4% |
| Full APR (int fee ins tax dep) | 29.6% - 30.1% |
| Transparency Index (min/max) | 79 - 88 |
| Transparency Index (average) | 87 |
| 636 |
| USD 200 - 3,030 |
| 4 - 36 |
| Credit Educ, Tech Asst Visits, Business Training, Other Training, Formación y capacitación en diversos temas |
| 18.8% annual, Decl Bal |
| None |
| 5.32% ongoing |
| None |
| 12.5% upfront |
| N/A |
| 18.8% - 20.0% (Int+Fee) |
| 1.0% - 1.1% |
| 0 |
| 22.3% - 26.4% |
| 0 - N/A |
| 76 |
| Outstanding portfolio (INR) | INR 27,997,776 |
| Portfolio (USD) | USD 528,259.92 |
| Active Clients with Loans | 2,162 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | Joint liability group (JLGs) |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Karnataka |
| Outstanding portfolio (USD) | USD 915,386 |
| Portfolio (USD) | USD 915,386 |
| Active Clients with Loans | 636 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Formación y capacitación en diversos temas |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Carchi |
| Currency | INR |
| Minimum loan size | INR 36,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 50% |
| Greater than INR 45,000 | 50% |
| Shortest loan term | 24.0 months |
| Longest loan term | 30.0 months |
| Approx average | 27.0 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 | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 200 |
| Maximum loan size | 3,030 |
| Loans less than USD 1,500 | 50% |
| USD 1,500-5,000 | 50% |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 0 |
| Greater than USD 18,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 36.0 months |
| Approx average | 12.3 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 20% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 26.00% |
| Reason(s) why interest rate varies | N/A |
| 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 | 0.88% |
| % of loan amount - max | 0.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 1.20% |
| % of loan amount - max | 1.20% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 | 18.81% |
| Highest quoted nominal interest | 18.81% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen para el saldo del prestamo |
| % of loan amount - min | 5.32% |
| % of loan amount - max | 5.32% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 12.50% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | INR 40,000 | INR 40,000 | INR 49,000 | INR 49,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-09-27 | 2012-11-02 | 2012-10-17 | 2012-07-24 | |||
| Loan Term (Months) | 25.0 months | 28.0 months | 28.0 months | 28.0 months | |||
| Grace Period (Months) | 0.1 months | 0.4 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | INR 7,811 | INR 9,029 | INR 10,755 | INR 10,783 | |||
| True Price by Comp | |||||||
| Interest price component | 25.9% | 25.9% | 25.9% | 25.9% | |||
| Fee Component | 1.6% | 1.4% | 1.5% | 1.5% | |||
| Insurance Component | 2.3% | 2.1% | 2.1% | 2.1% | |||
| Tax Component | 0.3% | 0.2% | 0.2% | 0.2% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 30.1% | 29.6% | 29.7% | 29.7% | |||
| MFIN MFI Earning (Annualised) | 27.5% | 27.3% | 27.4% | 27.4% | |||
| MFIN Cost to Borrower (Annualised) | 30.1% | 29.6% | 29.7% | 29.7% | |||
| Transparency Index | 86 | 88 | 87 | 88 | |||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 404 | USD 1,010 | USD 2,020 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-07-19 | 2011-07-06 | 2011-07-06 | ||
| Loan Term (Months) | 12.0 months | 6.0 months | 24.0 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 | 20.0% | 18.8% | 19.5% | ||
| Insurance Component | 1.1% | 1.0% | 1.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 5.3% | 2.5% | 5.0% | ||
| Full APR (int fee ins tax dep) | 26.4% | 22.3% | 25.6% | ||
| Transparency Index | 71 | 84 | 74 | ||
| 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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