2. Disha Microfin
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. Adok Timo
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Disha Microfin Pvt Ltd 404, 4th Floor, 3rd EyePanchwati Cross Road, C. G. RoadAhmedabad, GujuratPO Box 380006
Data approved: 2013-05-28
Data version: 2
Age of data: 139 months
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Institution

Adok Timo KisumuKenyaP.O. Box 3650
Data approved: 2010-09-12
Data version: 1
Age of data: 172 months

Product

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Product

Agribusiness Loan Product 1 of 4 « Prev | Next »

Product Summary

Number borrowers42,080
Loan Amount (range)INR 12,000 - 15,000
Loan Term (range)15 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method26.0%-28.5% annual, Decl Bal
Fees1.00% upfront
Insurance198.00-234.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.9% - 27.9%
Fee Component1.0% - 1.6%
Insurance Component2.1% - 2.7%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)29.4% - 30.7%
Transparency Index (min/max)82 - 90
Transparency Index (average)87

Product Summary

260
KES 10,000 - 100,000
1 - 12
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
19.2%-24.0% annual, Flat
100.00 upfront
3.00% upfront
None
25.0% upfront
 
N/A
29.4% - 31.4% (Int+Fee)
0
0
38.3% - 40.9%
21 - 50
49

Product Details

Key Statistics
Outstanding portfolio (INR)INR 383,625,000
Portfolio (USD)USD 7,238,207.55
Active Clients with Loans42,080
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans between Rs. 12000 to Rs. 15000 given for income generation activities, to fresh customers
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 groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherMust be economically active
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGujarat

Product Details

Key Statistics
Outstanding portfolio (KES)KES 2,434,794
Portfolio (USD)USD 29,405.72
Active Clients with Loans260
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
This is loan product for specific agricultural products i.e Rice & horticulture farming
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 visitsx
Business trainingx
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
OtherMust be active in agricultural activities
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 12,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term18.0 months
Approx averageDK
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 months100%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest28.50%
Reason(s) why interest rate variesTo comply with extant RBI guidelines on pricing
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationService tax extra
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance (Credit Shield) Premium
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min198
Fixed amount - max234
Reason for variationThe premium is based on period of insurance coverage which can be either 18 or 19 months, depending upon the loan tenor
Appears on Repayment Sched?Yes
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 interest1.60%
Highest quoted nominal interest2.00%
Reason(s) why interest rate variesCollateral
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLegal Charge
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Application & Insurance Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.01%
Maximum interest rate paid0.03%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Gati F samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-012012-10-022012-11-08
Loan Term (Months)19.0 months16.0 months15.0 months
Grace Period (Months)0.3 months0.2 months0.2 months
Total Cost of CreditINR 3,985.54INR 2,427.83INR 3,088.54
True Price by Comp     
Interest price component27.1%24.9%25.5%
Fee Component1.3%1.6%1.6%
Insurance Component2.1%2.7%2.1%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.7%29.4%29.4%
MFIN MFI Earning (Annualised)28.4%26.5%27.1%
MFIN Cost to Borrower (Annualised)30.7%29.4%29.4%
Transparency Index858888
MFIN Transparency Index96100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Agribusiness Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 25,000KES 50,000KES 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2009-10-182009-10-022009-10-022009-10-15
Loan Term (Months)6.0 months6.0 months6.0 months6.0 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 Component31.4%30.0%29.6%29.4%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.6%9.1%8.9%8.9%
Full APR (int fee ins tax dep)40.9%39.1%38.6%38.3%
Transparency Index47495050
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Gati F Price Graphs


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Agribusiness 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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