2. Chaitanya
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
  2. Congente
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Chaitanya India Fin Credit Pvt Ltd #169, 1st Floor, 5th MainChamarajpetBangalore, KarnatakaPO Box 560018
Data approved: 2012-11-26
Data version: 3
Age of data: 139 months
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Institution

Cooperativa de Ahorro y Credito Congente cra 33a 38-39 Barrio CentroVillavicencio, META
Data approved: 2011-03-24
Data version: 1
Age of data: 166 months

Product

3D Business Loan Product 3 of 7 « Prev | Next »

Product

microcredito productivo Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers8,393
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 & Method26.0% annual, Decl Bal
Fees0.88% upfront
Insurance1.20% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 27.3%
Fee Component1.4% - 2.4%
Insurance Component2.1% - 3.5%
Tax Component Range0.2% - 0.4%
Full APR (int fee ins tax dep)31.3% - 33.0%
Transparency Index (min/max)79 - 88
Transparency Index (average)81

Product Summary

213
COP 535,600 - 5,356,000
1 - 24
Credit Ins, Tech Asst Visits
26.5% annual, Decl Bal
4.50%-7.50% upfront
0.60%-1.50% ongoing
None
5,000.00 ongoing
 
N/A
31.9% - 34.7% (Int+Fee)
1.1% - 1.3%
0
33.9% - 37.2%
71 - 121
73

Product Details

Key Statistics
Outstanding portfolio (INR)INR 94,654,051
Portfolio (USD)USD 1,785,925.49
Active Clients with Loans8,393
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint liability group (JLGs)
Description
3D Business loan is offered to customers engaged in income generating activities. The loan terms is 2 years and loan disbursement is made in three installments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
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 group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveKarnataka

Product Details

Key Statistics
Outstanding portfolio (COP)COP 368,613,005
Portfolio (USD)USD 202,534.62
Active Clients with Loans213
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Para atender el financiamiento de las necesidades de los microempresarios en cuanto al capital de Trabajo y Activos Fijos que requiere para operar.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 36,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,00050%
Greater than INR 45,00050%
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term30.0 months
Approx average27.0 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 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 535,600
Maximum loan size5,356,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average18.0 months
Grace Period
Grace period usage0
Average grace period0
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 interest26.00%
Highest quoted nominal interest26.00%
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 - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.20%
% of loan amount - max1.20%
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 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 taxedSome

Pricing Information

Interest
Lowest quoted nominal interest26.53%
Highest quoted nominal interest26.53%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionMIPYME
% of loan amount - min4.50%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro Vida
% of loan amount - min0.60%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedCOP 5,000
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid1.80%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

3D Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 39,000INR 42,000INR 50,000INR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-102012-10-152012-09-262012-10-05
Loan Term (Months)28.0 months28.0 months27.0 months27.0 months
Grace Period (Months)0.4 months0.1 months0.4 months0.0 months
Total Cost of CreditINR 6,378INR 7,073INR 7,474INR 7,152
True Price by Comp       
Interest price component25.9%27.3%25.9%25.9%
Fee Component2.1%2.2%2.3%2.4%
Insurance Component3.0%3.1%3.3%3.5%
Tax Component0.3%0.4%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.3%33.0%31.8%32.1%
MFIN MFI Earning (Annualised)28.0%29.5%28.2%28.3%
MFIN Cost to Borrower (Annualised)31.3%33.0%31.8%32.1%
Transparency Index83798281
MFIN Transparency Index10095100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

microcredito productivo samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,080,000COP 1,110,000COP 2,540,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-01-122011-01-072010-12-30
Loan Term (Months)12.0 months12.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component34.7%34.2%31.9%
Insurance Component1.2%1.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component1.4%1.4%0.8%
Full APR (int fee ins tax dep)37.2%36.8%33.9%
Transparency Index717278
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
3D Business 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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