Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.dishamicrofin.com |
Year established | 1995 |
Head of Institution | Sameer Nanavati |
Regions active | Gujarat |
# Branches | 24 |
Total Portfolio (nat'l) | INR 759,625,000 |
Total Portfolio (USD) | USD 14,332,547.17 |
Active clients with loans | 69,053 |
Approximate % female clients | 100% |
Approximate % urban clients | 0 |
Network affiliations | MFIN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | INR 12,000 - 15,000 | 15 - 18 | 100% | 0% - 20% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be economically active | Credit Educ, Group Mtgs, Credit Ins | |||||||
Pragati R | INR 15,000 - 25,000 | 15 - 24 | 100% | 0% - 20% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be economically active | Credit Educ, Group Mtgs, Credit Ins |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | 24.9% - 27.1% | 26.5% - 28.4% | 29.4% - 30.7% | Yes | Yes | Yes | 100 | |||||||
Pragati R | 25.1% - 27.9% | 26.2% - 28.9% | 29% - 31.6% | Yes | Yes | Yes | 99 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | 26.0%-28.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.5% - 28.4% | 29.4% - 30.7% | 87 | ||||||||
Pragati R | 26.0%-28.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.2% - 28.9% | 29% - 31.6% | 86 |
Outstanding portfolio (PHP) | PHP 54,660,000 |
Portfolio (USD) | USD 1,307,655.50 |
Active Clients with Loans | 3,317 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 0 |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 200 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 9.75 |
Fixed amount - max | 1,950 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 4,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 100,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2011-05-19 | 2011-05-06 | 2011-07-29 | 2011-07-13 | 2011-07-14 | 2011-06-10 | |||||
Loan Term (Months) | 4.0 months | 3.0 months | 3.0 months | 3.0 months | 4.0 months | 3.0 months | |||||
Grace Period (Months) | 0.0 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 | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 91.7% | 93.8% | 83.6% | 77.2% | 77.0% | 80.8% | |||||
Insurance Component | 2.7% | 3.5% | 3.5% | 3.3% | 2.6% | 3.5% | |||||
Tax Component | 1.1% | 1.1% | 1.1% | 1.0% | 1.1% | 1.1% | |||||
Deposit Component | 6.1% | 3.1% | 1.3% | 0.6% | 0.2% | 0.2% | |||||
Full APR (int fee ins tax dep) | 101.7% | 101.6% | 89.6% | 82.1% | 80.9% | 85.5% | |||||
Transparency Index | 24 | 24 | 27 | 29 | 30 | 28 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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