Please note that the information you are viewing is
140 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2012-11-26
Data version: 3
Age of data: 140 months
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.chaitanyaindia.in/ |
| Year established | 2009 |
| Head of Institution | Anand Rao |
| Regions active | Karnataka |
| # Branches | 10 |
| Total Portfolio (nat'l) | INR 205,228,721 |
| Total Portfolio (USD) | USD 3,872,240.02 |
| Active clients with loans | 21,309 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
2,162 Borrowers
USD 528,259.92 Portfolio
Active Product
8,393 Borrowers
USD 1,785,925.49 Portfolio
Active Product
10,150 Borrowers
USD 1,434,276.25 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| 2D Business Loan |
|
INR 36,000 - 50,000 |
|
24 - 30 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
| 3D Business Loan |
|
INR 36,000 - 50,000 |
|
24 - 30 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
| One Year Business Loan |
|
INR 5,000 - 15,000 |
|
12 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women, Could be used in income generating activities. |
|
Credit Educ, Group Mtgs, Credit Ins |
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| 2D Business Loan |
|
25.9% |
|
27.3% - 27.5% |
|
29.6% - 30.1% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
| 3D Business Loan |
|
25.9% - 27.3% |
|
28% - 29.5% |
|
31.3% - 33% |
|
Yes |
|
Yes |
|
Yes |
|
99 |
| One Year Business Loan |
|
25.8% - 25.9% |
|
27.5% - 27.7% |
|
30.1% - 30.5% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| 2D Business Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
27.3% - 27.5% |
|
29.6% - 30.1% |
|
87 |
| 3D Business Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
28% - 29.5% |
|
31.3% - 33% |
|
81 |
| One Year Business Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
27.5% - 27.7% |
|
30.1% - 30.5% |
|
85 |
Please note that the information you are viewing is
160 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 9,300,000 |
| Portfolio (USD) | USD 222,488.04 |
| Active Clients with Loans | 1,760 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Client can avail over P30,000 in this loan product. A graduation from the group lending.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
Eligibility
| Men | |
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | PHP |
| Minimum loan size | PHP 30,000 |
| Maximum loan size | 150,000 |
Loan Term and Grace Period
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Service Charge | | Development Cost |
| % of loan amount - min | 3.00% | | 5.00% |
| % of loan amount - max | 3.00% | | 5.00% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | amortized over the loan term | | amortized over the loan term |
| Appears on Repayment Sched? | No | | No |
Upfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | MAF |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10 |
| Fixed amount - max | 32 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 1 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
The client who avails of this loan is not required to attend center meetings. Developmental Cost is for staff training and capacity building. Included in weekly savings deposit is P5 which goes to Pag-asa Fund (group fund). Weekly savings is P1/loan cycle.
Full Pricing Data
Individual Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 29,500 | | PHP 60,000 | | PHP 70,000 | | PHP 100,000 |
| Loan Cycle (1, 2, 3, etc) | 20 | | 20 | | 21 | | 21 |
| Disbursement Date | 2011-03-10 | | 2011-06-24 | | 2011-08-31 | | 2011-02-25 |
| Loan Term (Months) | 12.0 months | | 6.0 months | | 12.0 months | | 9.0 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 | 70.2% | | 87.6% | | 70.1% | | 80.6% |
| Insurance Component | 6.3% | | 4.8% | | 3.8% | | 1.9% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 9.0% | | 9.2% | | 7.2% | | 8.1% |
| Full APR (int fee ins tax dep) | 85.5% | | 101.6% | | 81.2% | | 90.6% |
| Transparency Index | 35 | | 30 | | 37 | | 33 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Individual Loan Price Graphs
