2. Credible
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  2. Confiar
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Institution

Credible Microfinance Pvt Ltd DanipaliBudharajaSambalpur, Orissa768004
Data approved: 2010-10-25
Data version: 1
Age of data: 171 months

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Product

Agri-allied Product 1 of 2 « Prev | Next »

Product

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Product Summary

Number borrowers3,492
Loan Amount (range)INR 2,500 - 20,000
Loan Term (range)8 - 15
Other Services (text summary)Group Mtgs
Annual Interest & Method20.0% annual, Decl Bal
Fees1.00% upfront 1.50% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component24.2% - 25.1% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)24.2% - 25.1%
Transparency Index (min/max)80 - 85
Transparency Index (average)80

Product Summary

15,774
COP 535,600 - 38,625,000
6 - 60
Credit Ins
16.8%-18.0% annual, Decl Bal
2.00% upfront
1.00% upfront
None
52,000.00 upfront
 
N/A
17.8% - 20.0% (Int+Fee)
0 - 0.6%
0
18.2% - 21.6%
45 - 102
86

Product Details

Key Statistics
Outstanding portfolio (INR)INR 30,616,031
Portfolio (USD)USD 577,660.96
Active Clients with Loans3,492
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
The agri-allied loans provided to the clients to buy agricultural product inputs such as seeds, fertilizers , tools and also mitigate the operating cost such as wages for hired labour for agri production and livestock.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (COP)COP 93,928,614,470
Portfolio (USD)USD 51,609,128.83
Active Clients with Loans15,774
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito de libre destinación y sin condiciones especiales que requiere la presentación de una garantía como respaldo de la obligación. Montos hasta ($38,625,000) y plazo máximo de 60 meses.\r
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 2,500
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term15.0 months
Approx average12.0 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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 535,600
Maximum loan size38,625,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan documentation chargesProcessing Fee
% of loan amount - min1.00%1.50%
% of loan amount - max1.00%1.50%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?No

Pricing Information

Interest
Lowest quoted nominal interest16.80%
Highest quoted nominal interest18.00%
Reason(s) why interest rate variesBranch, Client Risk, Plazo del crédito
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFondo de Desarrollo Institucional
% of loan amount - min2.00%
% of loan amount - max2.00%
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
Ins 1
DescriptionFondo de Desarrollo Institucional
% of loan amount - min1.00%
% of loan amount - max1.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedCOP 52,000
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agri-allied samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 2,500INR 5,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)123Not Known
Disbursement Date2010-03-022010-08-172010-08-172010-08-17
Loan Term (Months)12.0 months12.0 months12.0 months15.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component25.1%25.1%25.1%24.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.1%25.1%25.1%24.2%
MFIN MFI Earning (Annualised)25.1%25.1%25.1%24.2%
MFIN Cost to Borrower (Annualised)25.1%25.1%25.1%24.2%
Transparency Index80808083
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Ordinario samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 1,182,126COP 3,841,724COP 7,196,321COP 14,433,432COP 27,712,171
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-022011-05-022011-03-302011-02-212011-02-26
Loan Term (Months)24.0 months36.0 months60.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component20.0%17.8%18.9%19.0%19.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component1.6%0.4%0.2%0.1%0.1%
Full APR (int fee ins tax dep)21.6%18.2%19.1%19.1%19.0%
Transparency Index7892888888
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agri-allied Price Graphs


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Ordinario 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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