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. Mail Finance
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

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

Mail Finance Head OfficeMadina, Accra, Greater AccraP.O. Box MD 320
Data approved: 2013-03-28
Data version: 2
Age of data: 139 months
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Product

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Product

Microfinance Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers26,973
Loan Amount (range)INR 15,000 - 25,000
Loan Term (range)15 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method26.0%-28.5% annual, Decl Bal
Fees1.00% upfront
Insurance234.00-470.00 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)29.0% - 31.6%
Transparency Index (min/max)82 - 90
Transparency Index (average)86

Product Summary

342
GHS 100 - 30,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins
60.00% annual, Flat
1.50% upfront
1.00% upfront
None
5.00%-50.00% upfront
 
97.5% - 105.2%
5.8% - 8.5%
3.9% - 5.9%
0
194.6% - 373.8%
16 - 31
22

Product Details

Key Statistics
Outstanding portfolio (INR)INR 376,000,000
Portfolio (USD)USD 7,094,339.62
Active Clients with Loans26,973
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loans between Rs. 15000 to Rs. 25000 given to renewal customers, for income generation activities
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 (GHS)GHS 568,292
Portfolio (USD)USD 288,473.10
Active Clients with Loans342
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for individuals with businesses.
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
Menx
Womenx
Must run a businessx
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 institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 15,000
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,000100%
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 term24.0 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 months40%
Longer than 18 months60%
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
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00070%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest28.50%
Reason(s) why interest rate variesTime as Client, To 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 - min234
Fixed amount - max470
Reason for variationThe premium is based on period of insurance coverage which can be either 18 or 26 months as well the coverage amount which can be between 18000 to 27000
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 interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% 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 forSome
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 50.00%
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 paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Full Pricing Data

Pragati R samples
Sample 1Sample 2Sample 3
Loan AmountINR 18,000INR 20,000INR 21,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-022013-03-152012-11-07
Loan Term (Months)25.0 months24.0 months24.0 months
Grace Period (Months)0.4 months0.2 months0.2 months
Total Cost of CreditINR 5,943.25INR 7,107.72INR 6,867.96
True Price by Comp     
Interest price component25.1%27.9%26.0%
Fee Component1.1%1.0%1.0%
Insurance Component2.7%2.5%2.4%
Tax Component0.1%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.0%31.6%29.6%
MFIN MFI Earning (Annualised)26.2%28.9%27.0%
MFIN Cost to Borrower (Annualised)29.0%31.6%29.6%
Transparency Index908288
MFIN Transparency Index10093100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 300GHS 600GHS 1,500GHS 3,000GHS 8,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-202012-12-122013-01-112013-02-112012-11-28
Loan Term (Months)5.8 months6.0 months5.8 months4.0 months5.9 months
Grace Period (Months)0.2 months0.5 months0.2 months0.3 months0.3 months
Total Cost of CreditGHS 97.50GHS 195GHS 487.50GHS 675GHS 2,600
True Price by Comp         
Interest price component105.2%97.5%105.2%100.9%104.1%
Fee Component6.4%5.8%6.4%8.5%6.2%
Insurance Component4.2%3.9%4.2%5.9%4.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component159.4%150.5%258.0%127.9%80.1%
Full APR (int fee ins tax dep)275.2%257.7%373.8%243.2%194.6%
Transparency Index2223162531
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Pragati R 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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