2. Fusion
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. Seilanithih
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

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew DelhiPO Box 110052
Data approved: 2013-05-03
Data version: 2
Age of data: 139 months
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Institution

Seilanithih Limted No. 35, St. 360Sangkat Boeung Keng Kang IKhan Chamkarmorn, Phnom Penh
Data approved: 2013-04-02
Data version: 3
Age of data: 139 months
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Product

IGL 12K-15k Product 9 of 10 « Prev | Next »

Product

Group Loan (KHR) Product 4 of 8 « Prev | Next »

Product Summary

Number borrowers58,139
Loan Amount (range)INR 12,000 - 15,000
Loan Term (range)17
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method26.0%-28.0% annual, Decl Bal
Fees1.00% upfront
Insurance1.20% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component28.0% - 28.5%
Fee Component1.1% - 1.6%
Insurance Component1.3% - 1.8%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)31.5% - 32.0%
Transparency Index (min/max)81 - 85
Transparency Index (average)82

Product Summary

2,830
KHR 400,000 - 2,400,000
1 - 24
Credit Ins
36.0% annual, Decl Bal
None
None
None
3.0% upfront
 
27.1% - 36.0%
0
0
0
37.1%
81 - 105
97

Product Details

Key Statistics
Outstanding portfolio (INR)INR 450,726,939.90
Portfolio (USD)USD 8,504,281.89
Active Clients with Loans58,139
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product is designed for income generating purpose with a loan size ranging from Rs 12,000 to Rs 15,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
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 landx
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
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 institution1
# Regions for this product4
Regions ActiveMadhya Pradesh, Uttar Pradesh, Uttarakhand, National Capital Territory of Delhi

Product Details

Key Statistics
Outstanding portfolio (KHR)KHR 1,910,277,705
Portfolio (USD)USD 483,614.61
Active Clients with Loans2,830
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is the group solidarity loan of 2 - 5 members in a group. This product is for rural clients, especially for agricultural purpose.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institution7
# Regions for this product7
Regions ActiveBanteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap

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 term17.0 months
Longest loan term17.0 months
Approx average17.0 months
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 usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyKHR
Minimum loan sizeKHR 400,000
Maximum loan size2,400,000
Distribution at Disbursement (Est.)
Loans less than KHR 1,000,00090%
KHR 1,000,000-3,500,00010%
KHR 3,500,000-6,000,0000
KHR 6,000,000-8,000,0000
KHR 8,000,000-10,000,0000
Greater than KHR 10,000,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months10%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 interest28.00%
Reason(s) why interest rate variesInterest rates were revised, hence different rates
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 variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min1.20%
% of loan amount - max1.20%
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 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 taxedAll

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesAll branches, loan size and term have the same interest rate.
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited3.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

IGL 12K-15k samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 12,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-142013-02-152013-03-14
Loan Term (Months)17.0 months17.0 months17.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months
Total Cost of CreditINR 2,854.83INR 2,854.83INR 3,568.54
True Price by Comp     
Interest price component28.1%28.4%28.0%
Fee Component1.5%1.6%1.5%
Insurance Component1.8%1.8%1.8%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.6%32.0%31.5%
MFIN MFI Earning (Annualised)29.6%30.0%29.5%
MFIN Cost to Borrower (Annualised)31.6%32.0%31.5%
Transparency Index828183
MFIN Transparency Index10099100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Group Loan (KHR) samples
Sample 1Sample 2Sample 3
Loan AmountKHR 400,000KHR 1,600,000KHR 2,400,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-06-192012-06-192012-06-19
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)10.8 months10.8 months10.8 months
Total Cost of CreditKHR 141,200KHR 564,800KHR 847,200
True Price by Comp     
Interest price component36.0%36.0%36.0%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component1.1%1.1%1.1%
Full APR (int fee ins tax dep)37.1%37.1%37.1%
Transparency Index979797
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
IGL 12K-15k Price Graphs


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Group Loan (KHR) 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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