Number borrowers | 4,872 |
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 & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 410.00-1,109.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.7% - 27.7% |
Fee Component | 1.1% - 1.4% |
Insurance Component | 3.6% - 4.4% |
Tax Component Range | 0.1% - 0.2% |
Full APR (int fee ins tax dep) | 33.2% - 33.4% |
Transparency Index (min/max) | 78 - 87 |
Transparency Index (average) | 78 |
777 |
COP 2,000,000 - 11,845,000 |
36 - 120 |
Credit Educ, Group Mtgs, Credit Ins, Business Training |
16.5% annual, Decl Bal |
2.00%-4.00% upfront |
ongoing |
None |
N/A |
N/A |
15.6% - 16.4% (Int+Fee) |
0 - 7.2% |
0 |
16.9% - 17.4% |
0 - N/A |
97 |
Outstanding portfolio (INR) | INR 80,098,760 |
Portfolio (USD) | USD 1,511,297.36 |
Active Clients with Loans | 4,872 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 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 | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
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) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Outstanding portfolio (COP) | COP 6,002,166,218 |
Portfolio (USD) | USD 3,297,893.53 |
Active Clients with Loans | 777 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 12,000 |
Maximum loan size | 30,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 70% |
INR 25,000-35,000 | 30% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 19.0 months |
Longest loan term | 26.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | COP |
Minimum loan size | COP 2,000,000 |
Maximum loan size | 11,845,000 |
Shortest loan term | 36.0 months |
Longest loan term | 120.0 months |
Approx average | 0 |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 90% |
Average grace period | 6.0 months |
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 | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | Insurance Fee (Borrower & Guarantor) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 410 |
Fixed amount - max | 1,109 |
Reason for variation | Premium varies with loan size and loan tenure |
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 | 16.50% |
Highest quoted nominal interest | 16.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comisio Microcredito.(cobrado anualmente) (MiPYME) |
% of loan amount - min | 2.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro Deudores |
% of loan amount - min | 0 |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La prima del seguro de deuda es asumido por la Fundacio para saldos hasta de $10.000.000. La prima sobre saldos superiores a esta suma se liquidan en el plan de pagos a cargo de los deudores. Se ofrece el amparo de daños como un seguro adicional. |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 15,000 | INR 25,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-09 | 2013-05-09 | 2013-05-09 | 2013-04-19 | |||
Loan Term (Months) | 17.0 months | 17.0 months | 23.0 months | 23.0 months | |||
Grace Period (Months) | 0.1 months | 0.1 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | INR 3,764 | INR 3,764 | INR 8,375 | INR 6,684 | |||
True Price by Comp | |||||||
Interest price component | 27.6% | 27.6% | 27.7% | 27.7% | |||
Fee Component | 1.4% | 1.4% | 1.1% | 1.1% | |||
Insurance Component | 4.2% | 4.2% | 4.4% | 4.2% | |||
Tax Component | 0.2% | 0.2% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 33.4% | 33.4% | 33.4% | 33.2% | |||
MFIN MFI Earning (Annualised) | 29.0% | 29.0% | 28.8% | 28.8% | |||
MFIN Cost to Borrower (Annualised) | 33.4% | 33.4% | 33.4% | 33.2% | |||
Transparency Index | 78 | 78 | 78 | 78 | |||
MFIN Transparency Index | 94 | 94 | 94 | 94 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 8,852,626 | COP 13,160,334 | COP 14,456,752 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-09 | 2011-04-29 | 2011-03-30 | ||
Loan Term (Months) | 58.0 months | 122.0 months | 120.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 16.3% | 16.4% | 15.6% | ||
Insurance Component | 1.1% | 0.5% | 1.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 17.4% | 16.9% | 16.9% | ||
Transparency Index | 95 | 98 | 98 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
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