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 |
8,127 |
KHR 200,000 - 100,000,000 |
1 - 12 |
24.0%-42.0% annual, Decl Bal |
0.20% upfront |
None |
None |
N/A |
21.7% - 36.0% |
0.2% - 0.4% |
0 |
0 |
30.3% - 36.2% |
59 - 99 |
74 |
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 (KHR) | KHR 24,495,968,700 |
Portfolio (USD) | USD 6,201,511.06 |
Active Clients with Loans | 8,127 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
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 | |
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 | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 22 |
# Regions for this product | 18 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, KandalKratié, Oddar Meancheay, Pailin, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
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 | KHR |
Minimum loan size | KHR 200,000 |
Maximum loan size | 100,000,000 |
Loans less than KHR 1,000,000 | 5% |
KHR 1,000,000-3,500,000 | 60% |
KHR 3,500,000-6,000,000 | 15% |
KHR 6,000,000-8,000,000 | 5% |
KHR 8,000,000-10,000,000 | 5% |
Greater than KHR 10,000,000 | 5% |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 | 2.00% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
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 | Upfront fee |
% of loan amount - min | 0.20% |
% of loan amount - max | 0.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee charge are based on loan size. |
Appears on Repayment Sched? | 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 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 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KHR 600,000 | KHR 1,200,000 | KHR 2,500,000 | KHR 7,500,000 | KHR 12,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-01-03 | 2013-01-08 | 2013-03-15 | 2013-03-07 | 2013-03-16 | ||||
Loan Term (Months) | 12.0 months | 8.0 months | 6.0 months | 12.0 months | 12.0 months | ||||
Grace Period (Months) | 11.2 months | 3.0 months | 5.2 months | 8.2 months | 11.2 months | ||||
Total Cost of Credit | KHR 220,200 | KHR 184,400 | KHR 436,600 | KHR 2,015,300 | KHR 3,684,000 | ||||
True Price by Comp | |||||||||
Interest price component | 36.0% | 30.1% | 33.6% | 30.1% | 30.0% | ||||
Fee Component | 0.2% | 0.4% | 0.4% | 0.2% | 0.3% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 36.2% | 30.5% | 34.0% | 30.3% | 30.3% | ||||
Transparency Index | 66 | 79 | 71 | 79 | 79 | ||||
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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