Number borrowers | 738,218 |
Loan Amount (range) | INR 10,000 - 15,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 86.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.3% - 23.7% |
Fee Component | 2.1% - 4.2% |
Insurance Component | 1.9% - 3.0% |
Tax Component Range | 0.2% - 0.5% |
Full APR (int fee ins tax dep) | 27.5% - 31.4% |
Transparency Index (min/max) | 83 - 94 |
Transparency Index (average) | 87 |
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 |
Outstanding portfolio (INR) | INR 5,411,394,265 |
Portfolio (USD) | USD 102,101,778.60 |
Active Clients with Loans | 738,218 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
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 | |
Workplace visits | |
Business training | |
Other training | |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Madhya Pradesh, Maharashtra, Tamil Nadu, Puducherry |
Outstanding portfolio (USD) | USD 2,448,478 |
Portfolio (USD) | USD 2,448,478 |
Active Clients with Loans | 1,527 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Kandal, Phnom Penh |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
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 | 6.0 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 | 10% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 1,500 |
Maximum loan size | 27,000 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 0 |
USD 1,000-1,500 | 0 |
USD 1,500-2,000 | 40% |
USD 2,000-2,500 | 20% |
Greater than USD 2,500 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 30.0 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 | 10% |
Between 13 and 18 months | 0 |
Longer than 18 months | 90% |
Grace period usage | 10% |
Average grace period | 3.0 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 | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 86 |
Fixed amount - max | 86 |
Reason for variation | Insurance value offered is 20,000 |
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 | 1.90% |
Highest quoted nominal interest | 2.40% |
Reason(s) why interest rate varies | Branch, Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 10,000 | INR 12,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-03 | 2013-01-23 | 2013-02-08 | ||
Loan Term (Months) | 12.0 months | 5.8 months | 5.9 months | ||
Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 1,398.36 | INR 940.83 | INR 1,154.54 | ||
True Price by Comp | |||||
Interest price component | 23.3% | 23.7% | 23.5% | ||
Fee Component | 2.1% | 4.2% | 4.1% | ||
Insurance Component | 1.9% | 3.0% | 2.3% | ||
Tax Component | 0.2% | 0.5% | 0.5% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.5% | 31.4% | 30.4% | ||
MFIN MFI Earning (Annualised) | 25.4% | 27.9% | 27.6% | ||
MFIN Cost to Borrower (Annualised) | 27.5% | 31.4% | 30.4% | ||
Transparency Index | 94 | 83 | 85 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 1,800 | USD 2,000 | USD 2,500 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-29 | 2013-02-20 | 2012-10-26 | ||
Loan Term (Months) | 13.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.5 months | -0.3 months | -0.1 months | ||
Total Cost of Credit | USD 300.96 | USD 461.86 | USD 619.08 | ||
True Price by Comp | |||||
Interest price component | 22.5% | 21.5% | 22.3% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 22.5% | 21.5% | 22.3% | ||
Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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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