| Number borrowers | 146,981 |
| Loan Amount (range) | INR 1,000 - 1,000 |
| Loan Term (range) | 2.56 - 2.79 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
| Annual Interest & Method | 24.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | None |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.8% - 34.0% |
| Fee Component | 1.1% - 11.6% |
| Insurance Component | 0 - 16.6% |
| Tax Component Range | 0.1% - 1.5% |
| Full APR (int fee ins tax dep) | 33.9% - 47.1% |
| Transparency Index (min/max) | 51 - 92 |
| Transparency Index (average) | 64 |
| 266 |
| USD 250 - 24,000 |
| 1 - 24 |
| 20.4%-27.6% annual, Decl Bal |
| 0.50%-0.00% upfront |
| None |
| None |
| None |
| 18.3% - 30.7% |
| 0.5% - 8.3% |
| 0 |
| 0 |
| 20.3% - 37.0% |
| 55 - 101 |
| 79 |
| Outstanding portfolio (INR) | INR 93,442,973 |
| Portfolio (USD) | USD 1,763,074.96 |
| Active Clients with Loans | 146,981 |
| Approximate % Female Clients | 100% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| 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 | Jagruthi- Client Education Series |
| Other (2) | Socio-Economic Development Workshop |
| 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 | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Member should have running IGL Pragati or IGL Pragati Plus or Water or Sanitation loan |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Karnataka, Maharashtra, Tamil Nadu |
| Outstanding portfolio (USD) | USD 407,300 |
| Portfolio (USD) | USD 407,300 |
| Active Clients with Loans | 266 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Phnom Penh |
| Currency | INR |
| Minimum loan size | INR 1,000 |
| Maximum loan size | 1,000 |
| Loans less than INR 5,000 | 100% |
| INR 5,000-15,000 | 0 |
| 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 | 2.6 months |
| Longest loan term | 2.8 months |
| Approx average | 2.6 months |
| Loans 3 months or less | 100% |
| 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 | 0 |
| Grace period usage | 100% |
| Average grace period | 0.2 months |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 250 |
| Maximum loan size | 24,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 10% |
| USD 1,000-1,500 | 30% |
| USD 1,500-2,000 | 20% |
| USD 2,000-2,500 | 15% |
| Greater than USD 2,500 | 15% |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 20% |
| Grace period usage | 0 |
| Average grace period | DK |
| 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 | 24.00% |
| Highest quoted nominal interest | 24.00% |
| 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 |
| 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 | 1.70% |
| Highest quoted nominal interest | 2.30% |
| Reason(s) why interest rate varies | Depends client circumstances - poorer people are charged a lower rate. |
| Interest rate period | Monthly |
| 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 | 0.50% |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 40 |
| Reason for variation | 0.5% subject to a maximum of 40 USD |
| Appears on Repayment Sched? | Yes |
| Required for | Some |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 1,000 | INR 1,000 | INR 1,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-01-29 | 2013-04-16 | 2013-04-16 | ||
| Loan Term (Months) | 2.6 months | 2.6 months | 2.1 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | INR 41.24 | INR 41.24 | INR 41.24 | ||
| True Price by Comp | |||||
| Interest price component | 24.5% | 24.5% | 34.0% | ||
| Fee Component | 8.4% | 8.4% | 11.6% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 1.0% | 1.0% | 1.5% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 33.9% | 33.9% | 47.1% | ||
| MFIN MFI Earning (Annualised) | 32.9% | 32.9% | 45.6% | ||
| MFIN Cost to Borrower (Annualised) | 33.9% | 33.9% | 47.1% | ||
| Transparency Index | 71 | 71 | 51 | ||
| MFIN Transparency Index | 98 | 98 | 71 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 250 | USD 600 | USD 1,200 | USD 1,800 | USD 2,400 | USD 3,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-03-16 | 2012-11-03 | 2013-01-21 | 2011-12-28 | 2012-01-13 | 2012-08-17 | |||||
| Loan Term (Months) | 5.1 months | 6.0 months | 12.0 months | 61.0 months | 49.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.9 months | 0.2 months | 0.0 months | -0.1 months | -0.3 months | |||||
| Total Cost of Credit | USD 20.75 | USD 48.95 | USD 171 | USD 995.90 | USD 1,196 | USD 332.28 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 24.8% | 30.7% | 23.2% | 20.9% | 23.8% | 18.3% | |||||
| Fee Component | 8.3% | 6.3% | 2.4% | 1.0% | 0.5% | 2.0% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 33.1% | 37.0% | 25.6% | 21.9% | 24.3% | 20.3% | |||||
| Transparency Index | 62 | 55 | 80 | 93 | 84 | 100 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Greater than: | ||||||
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| N (# of Samples) | ||||||
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| Min | ||||||
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|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| From 0 to | ||||||
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| to ∞ | ||||||
