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. Maxima
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

Maxima Mikroheranhvatho Plc. #21AB, Street 271Phnom PenhPO Box 12308
Data approved: 2013-06-20
Data version: 3
Age of data: 139 months
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Product

IGL 16K-30k Product 10 of 10 « Prev | Next »

Product

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Product Summary

Number borrowers8,667
Loan Amount (range)INR 16,000 - 30,000
Loan Term (range)24
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)30.6% - 31.1%
Transparency Index (min/max)81 - 85
Transparency Index (average)84

Product Summary

1,527
USD 1,500 - 27,000
12 - 30
Credit Educ, Group Mtgs
22.8%-28.8% annual, Decl Bal
None
None
None
N/A
 
21.5% - 34.6%
0
0
0
21.5% - 22.5%
66 - 106
100

Product Details

Key Statistics
Outstanding portfolio (INR)INR 69,756,172.37
Portfolio (USD)USD 1,316,154.20
Active Clients with Loans8,667
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 16,000 to Rs 30,000.
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 (USD)USD 2,448,478
Portfolio (USD)USD 2,448,478
Active Clients with Loans1,527
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
The loan term is 12 or 30 months with loan sizes ranging from $1,500 to $27,000, monthly installments and grace period of 3 months for a 12 months loan. The borrower must have a profitable business or actual plans to start a new business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveKandal, Phnom Penh

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 16,000
Maximum loan size30,000
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 term24.0 months
Longest loan term24.0 months
Approx average24.0 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 months0
Longer than 18 months100%
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
CurrencyUSD
Minimum loan sizeUSD 1,500
Maximum loan size27,000
Distribution at Disbursement (Est.)
Loans less than USD 2500
USD 250-1,0000
USD 1,000-1,5000
USD 1,500-2,00040%
USD 2,000-2,50020%
Greater than USD 2,50020%
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term30.0 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 months10%
Between 13 and 18 months0
Longer than 18 months90%
Grace Period
Grace period usage10%
Average grace period3.0 months
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 interest1.90%
Highest quoted nominal interest2.40%
Reason(s) why interest rate variesBranch, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
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 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?No
Additional Comments
The grace period will be allowed for 12 month loan only. Some clients choose grace period and some do not. If the client choose grace period it can happen at any month(s) during the loan period,up to 3 months total of grace.

Full Pricing Data

IGL 16K-30k samples
Sample 1Sample 2Sample 3
Loan AmountINR 20,000INR 25,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-142013-02-19
Loan Term (Months)25.0 months25.0 months25.0 months
Grace Period (Months)-0.2 months0.0 months-0.1 months
Total Cost of CreditINR 6,768.72INR 8,460.90INR 10,153.08
True Price by Comp     
Interest price component28.5%28.0%28.3%
Fee Component1.1%1.1%1.1%
Insurance Component1.4%1.3%1.3%
Tax Component0.1%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.1%30.6%30.8%
MFIN MFI Earning (Annualised)29.6%29.1%29.4%
MFIN Cost to Borrower (Annualised)31.1%30.6%30.8%
Transparency Index848584
MFIN Transparency Index9810099
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

SMEs Loans samples
Sample 1Sample 2Sample 3
Loan AmountUSD 1,800USD 2,000USD 2,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-292013-02-202012-10-26
Loan Term (Months)13.0 months24.0 months24.0 months
Grace Period (Months)0.5 months-0.3 months-0.1 months
Total Cost of CreditUSD 300.96USD 461.86USD 619.08
True Price by Comp     
Interest price component22.5%21.5%22.3%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.5%21.5%22.3%
Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
IGL 16K-30k Price Graphs


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SMEs Loans 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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