2. FFSL
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. Yehu
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Future Financial Servicess Ltd. #17/1, GRA Tower, Ambalipura Main RoadOff. Sarjapur Road, Agara PostBangalore, KarnatakaPO Box 560 103
Data approved: 2013-07-16
Data version: 3
Age of data: 139 months
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Institution

Yehu Microfinance Trust PO Box 82120Mombasa
Data approved: 2013-09-13
Data version: 2
Age of data: 141 months
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  • No previous version for this product.

Product

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Product

Maji ni Uhai Loan Product 9 of 12 « Prev | Next »

Product Summary

Number borrowers145,779
Loan Amount (range)INR 12,000 - 30,000
Loan Term (range)19 - 26
Other Services (text summary)Group Mtgs, Credit Ins, Other Training
Annual Interest & Method26.0% annual, Decl Bal
Fees1.00% upfront
Insurance410.00-1,109.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.7% - 27.7%
Fee Component1.1% - 1.4%
Insurance Component3.6% - 4.4%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)29.8% - 30.8%
Transparency Index (min/max)78 - 87
Transparency Index (average)85

Product Summary

313
KES 10,000 - 150,000
6 - 18
Group Mtgs, Business Training, Other Training, Leadership Training
20.5% annual, Flat
400.00-0.00 upfront
1.50% upfront
None
10.0%-15.0% upfront 100.00 ongoing
 
33.6% - 40.3%
0 - 10.6%
0 - 4.1%
0
51.8% - 80.1%
24 - 56
33

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,813,024,841
Portfolio (USD)USD 34,208,015.87
Active Clients with Loans145,779
Approximate % Female Clients100%
Approximate % Urban Clients0
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan has to be disposed with monthly payment
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
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 group
Household income <60,000 INR
Household income <120,000 INR
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 institution2
# Regions for this product2
Regions ActiveKarnataka, Tamil Nadu

Product Details

Key Statistics
Outstanding portfolio (KES)KES 8,150,994.28
Portfolio (USD)USD 98,441.96
Active Clients with Loans313
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for the purchase of above or underground static water storage tanks from 1,000 liters, water harvesting pans, piping and accessories, plumbing works, septic tanks, and concrete water storage.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherLeadership Training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCoast

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00010%
INR 15,000-25,00040%
INR 25,000-35,00050%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term19.0 months
Longest loan term26.0 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 months0
Longer than 18 months100%
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00070%
KES 50,000-150,00030%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthly
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 interest26.00%
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
DescriptionInsurance Fee (Borrower & Guarantor)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min410
Fixed amount - max1,109
Reason for variationPremium varies with loan size and loan tenure
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
Additional Comments
FFSL displays Effective Annualized Cumulative Rates in the passbook. EACR as mentioned for the product varies 30.60% to 30.98%

Pricing Information

Interest
Lowest quoted nominal interest20.50%
Highest quoted nominal interest20.50%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min0
% of loan amount - max1.00%
OR, Fixed amount - min400
Fixed amount - max0
Reason for variationKES 400 Minimum
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionEmergency Fund
% 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaRural loans <30,000 KES =15%. Loans >30,000 KES = 10%. Urban loans <100,000 KES = 15%. Loans >100,000 KES = 10%
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid4.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Monthly Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 15,000INR 20,000INR 25,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-142013-06-202013-06-042013-06-04
Loan Term (Months)19.0 months25.0 months24.0 months24.0 months
Grace Period (Months)0.4 months0.2 months0.0 months0.0 months
Total Cost of CreditINR 3,874INR 6,877INR 8,577INR 10,278
True Price by Comp       
Interest price component24.7%25.3%25.6%25.6%
Fee Component1.3%1.1%1.1%1.1%
Insurance Component3.6%3.9%4.0%4.0%
Tax Component0.2%0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.8%30.4%30.8%30.8%
MFIN MFI Earning (Annualised)26.0%26.4%26.7%26.7%
MFIN Cost to Borrower (Annualised)29.8%30.4%30.8%30.8%
Transparency Index87858484
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Maji ni Uhai Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 20,000KES 50,000KES 70,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-192013-05-092013-07-082013-05-06
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.5 months0.5 months0.5 months0.5 months
Total Cost of CreditKES 2,590KES 4,804KES 11,750KES 16,100.08
True Price by Comp       
Interest price component36.8%37.0%37.8%37.0%
Fee Component8.4%4.1%2.1%2.0%
Insurance Component3.2%3.2%3.1%3.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component31.7%21.0%10.4%9.7%
Full APR (int fee ins tax dep)80.1%65.3%53.4%51.8%
Transparency Index26313840
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Monthly Loan Price Graphs


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Maji ni Uhai Loan 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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