Number borrowers | 8,393 |
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 & 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) | 31.3% - 33.0% |
Transparency Index (min/max) | 79 - 88 |
Transparency Index (average) | 81 |
10,667 |
PKR 15,000 - 40,000 |
6 - 18 |
Credit Educ, Group Mtgs, Tech Asst Visits, Other Training |
20.0% annual, Decl Bal |
350.00 upfront 150.00-300.00 upfront |
None |
None |
N/A |
18.9% - 19.9% |
2.7% - 5.0% |
0 |
0 |
22.5% - 23.9% |
0 - N/A |
N/A |
Outstanding portfolio (INR) | INR 94,654,051 |
Portfolio (USD) | USD 1,785,925.49 |
Active Clients with Loans | 8,393 |
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 (PKR) | PKR 152,297,441 |
Portfolio (USD) | USD 1,554,055.52 |
Active Clients with Loans | 10,667 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
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 | Punjab |
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 | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 40,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 100% |
PKR 25,000-50,000 | 0 |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | 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 | 20.00% |
Highest quoted nominal interest | 20.00% |
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 | Fee 2 | ||
---|---|---|---|
Description | CIB and Document Charges | Behbood Fund | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 350 | 150 | |
Fixed amount - max | 350 | 300 | |
Reason for variation | N/A | First time loanee pays 150. Subsequent loan is charged 300. | |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 39,000 | INR 42,000 | INR 50,000 | INR 50,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-10 | 2012-10-15 | 2012-09-26 | 2012-10-05 | |||
Loan Term (Months) | 28.0 months | 28.0 months | 27.0 months | 27.0 months | |||
Grace Period (Months) | 0.4 months | 0.1 months | 0.4 months | 0.0 months | |||
Total Cost of Credit | INR 6,378 | INR 7,073 | INR 7,474 | INR 7,152 | |||
True Price by Comp | |||||||
Interest price component | 25.9% | 27.3% | 25.9% | 25.9% | |||
Fee Component | 2.1% | 2.2% | 2.3% | 2.4% | |||
Insurance Component | 3.0% | 3.1% | 3.3% | 3.5% | |||
Tax Component | 0.3% | 0.4% | 0.3% | 0.3% | |||
Deposit Component | 0.0% | 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 Index | 83 | 79 | 82 | 81 | |||
MFIN Transparency Index | 100 | 95 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PKR 20,000 | PKR 25,000 | PKR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-05 | 2013-12-23 | 2013-12-23 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | PKR 2,500 | PKR 3,000 | PKR 3,500 | ||
True Price by Comp | |||||
Interest price component | 18.9% | 19.1% | 19.1% | ||
Fee Component | 5.0% | 4.1% | 3.4% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.9% | 23.2% | 22.5% | ||
Transparency Index | N/A | N/A | N/A | ||
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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