Number borrowers | 45,000 |
Loan Amount (range) | INR 4,999.50 - 5,000 |
Loan Term (range) | 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 25.5% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.73% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.4% - 25.4% |
Fee Component | 1.0% - 2.1% |
Insurance Component | 1.5% - 2.2% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 28.1% - 29.3% |
Transparency Index (min/max) | 87 - 92 |
Transparency Index (average) | 89 |
4,298 |
AZN 300 - 6,000 |
3 - 36 |
Credit Ins |
28.0%-34.0% annual, Decl Bal |
1.00% upfront 10.00-60.00 upfront |
10.00-120.00 upfront |
None |
N/A |
27.7% - 32.6% |
1.3% - 9.3% |
1.5% - 11.7% |
0 |
34.8% - 42.7% |
60 - 85 |
75 |
Outstanding portfolio (INR) | INR 120,000,000 |
Portfolio (USD) | USD 2,264,150.94 |
Active Clients with Loans | 45,000 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Tamil Nadu |
Outstanding portfolio (AZN) | AZN 718,677 |
Portfolio (USD) | USD 921,380.77 |
Active Clients with Loans | 4,298 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-ShirvanKur |
Currency | INR |
Minimum loan size | INR 4,999.50 |
Maximum loan size | 5,000 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | AZN |
Minimum loan size | AZN 300 |
Maximum loan size | 6,000 |
Loans less than AZN 1,000 | 15% |
AZN 1,000-5,000 | 70% |
AZN 5,000-8,000 | 15% |
AZN 8,000-11,000 | 0 |
AZN 11,000-14,000 | 0 |
Greater than AZN 14,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 25.50% |
Highest quoted nominal interest | 25.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Term Life Insurance |
% of loan amount - min | 0.73% |
% of loan amount - max | 0.73% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Comission Fee | Document charge | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 60 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
Ins 1 | |
---|---|
Description | Accident Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 120 |
Reason for variation | It is determined according to the loan amount. |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 5,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-28 | 2013-02-28 | 2013-02-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 11.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.0 months | ||
Total Cost of Credit | INR 776 | INR 776 | INR 740 | ||
True Price by Comp | |||||
Interest price component | 24.4% | 24.4% | 25.3% | ||
Fee Component | 2.0% | 2.0% | 2.1% | ||
Insurance Component | 1.5% | 1.5% | 1.6% | ||
Tax Component | 0.2% | 0.2% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.1% | 28.1% | 29.3% | ||
MFIN MFI Earning (Annualised) | 26.4% | 26.4% | 27.4% | ||
MFIN Cost to Borrower (Annualised) | 28.1% | 28.1% | 29.3% | ||
Transparency Index | 91 | 91 | 87 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
AZN 2,040 | Generated | 2014-11-01 | 9.0 months | N/A | AZN 354.14 | 42.7% | 29.6% | 6.5% | 6.6% | 0.0% | 0.0% | 66 | - | |
AZN 3,000 | Generated | 2014-11-01 | 12.0 months | N/A | AZN 622.16 | 39.0% | 30.6% | 4.1% | 4.3% | 0.0% | 0.0% | 72 | - | |
AZN 3,800 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,069.10 | 36.0% | 30.6% | 3.0% | 2.4% | 0.0% | 0.0% | 78 | - | |
AZN 4,900 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,379.63 | 36.1% | 30.6% | 3.0% | 2.5% | 0.0% | 0.0% | 78 | - | |
AZN 5,200 | Generated | 2014-11-01 | 18.0 months | N/A | AZN 1,456.14 | 35.8% | 30.6% | 2.9% | 2.3% | 0.0% | 0.0% | 78 | - | |
AZN 6,000 | Generated | 2014-11-01 | 24.0 months | N/A | AZN 2,146.23 | 34.8% | 30.6% | 2.4% | 1.8% | 0.0% | 0.0% | 81 | - |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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