DIBAKAR - Micro - MFTransparency.org Truth In Lending Tables

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Institution

DIBAKAR POST-DEWANHATCOOCHBEHAR, WEST BENGAL736134

Data approved: 2010-11-15

Data version: 1

Age of data: 172 months

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 7,701,610
Portfolio (USD)	USD 145,313.40
Active Clients with Loans	1,888
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

DIBAKAR'S offers small, collateral free loan (1year) to its members. Dibakar follows a weekly repayment schedule. The weekly loan Installment for INR 1000 loan is INR 25 only.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan	x
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training	x
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 1,000
Maximum loan size	50,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	10.7 months
Approx average	10.7 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	15.00%
Highest quoted nominal interest	15.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	LPF & Insurance Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	INR 50 - N/A
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Micro samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	INR 5,000	INR 10,000	INR 20,000	INR 22,000	INR 50,000
Loan Cycle (1, 2, 3, etc)	1	1	Not Known	Not Known	Not Known
Disbursement Date	2010-07-28	2010-05-29	2010-07-19	2010-03-29	2010-04-29
Loan Term (Months)	10.7 months	10.7 months	10.7 months	10.7 months	10.7 months
Grace Period (Months)	0.0 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	Not Known
True Price by Comp
Interest and Fee Component	34.2%	34.2%	34.6%	33.8%	34.4%
Insurance Component	2.4%	2.4%	2.4%	2.4%	2.4%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	11.4%	7.2%	5.5%	7.6%	5.4%
Full APR (int fee ins tax dep)	48.0%	43.8%	42.5%	43.7%	42.2%
MFIN MFI Earning (Annualised)	34.2%	34.2%	34.6%	33.8%	34.4%
MFIN Cost to Borrower (Annualised)	48.0%	43.8%	42.5%	43.7%	42.2%
Transparency Index	31	34	35	34	36
MFIN Transparency Index	N/A	N/A	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Micro Price Graphs

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Key Statistics
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# 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

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