Number borrowers | 172,656 |
Loan Amount (range) | INR 15,000 - 25,000 |
Loan Term (range) | 24 - 24.19 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 256.00-766.00 upfront |
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) | 31.5% |
Transparency Index (min/max) | 51 - 92 |
Transparency Index (average) | 83 |
6,440 |
KES 3,000 - 1,500,000 |
3 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training |
20.0% annual, Flat |
2.00% upfront 100.00-1,000.00 upfront |
2.00% upfront |
None |
15.0%-20.0% upfront 400.00 ongoing |
25.3% - 51.1% |
0 - 10.2% |
0 - 9.6% |
0 |
59.1% - 79.9% |
25 - 163 |
31 |
Outstanding portfolio (INR) | INR 2,986,000,502 |
Portfolio (USD) | USD 56,339,632.11 |
Active Clients with Loans | 172,656 |
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 | x |
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 | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Karnataka, Maharashtra, Tamil Nadu |
Outstanding portfolio (KES) | KES 287,453,156.50 |
Portfolio (USD) | USD 3,471,656.48 |
Active Clients with Loans | 6,440 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | x |
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 | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be known by the other members |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
Currency | INR |
Minimum loan size | INR 15,000 |
Maximum loan size | 25,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 100% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.2 months |
Approx average | 24.2 months |
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 | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 1,500,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 10% |
KES 250,000-350,000 | 10% |
KES 350,000-450,000 | 10% |
Greater than KES 450,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 5% |
Longer than 18 months | 5% |
Grace period usage | 100% |
Average grace period | 0.3 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 Fees |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 256 |
Fixed amount - max | 766 |
Reason for variation | Premium For Member (In case the member has no spouse or if spouse is not eligible for coverage, only member should be covered under the scheme)-Rs 256, Premium for member and spouse-Rs 766 |
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 | 1.67% |
Highest quoted nominal interest | 1.67% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Administration Fee | Disbursement Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 2.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 1,000 | |
Reason for variation | N/A | Varies based on the method of dibursement. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | Upfront continuing depsoit required on all loans, 15%-20% range. Continuing deposit requirement required on all loans - 400 KES per month. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 400 |
Conditions on access to deposit | End Term |
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 20,000 | INR 20,000 | INR 20,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-23 | 2013-04-25 | 2013-04-09 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 6,713.72 | INR 6,713.72 | INR 6,713.72 | ||
True Price by Comp | |||||
Interest price component | 26.0% | 26.0% | 26.0% | ||
Fee Component | 1.1% | 1.1% | 1.1% | ||
Insurance Component | 4.3% | 4.3% | 4.3% | ||
Tax Component | 0.1% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.5% | 31.5% | 31.5% | ||
MFIN MFI Earning (Annualised) | 27.1% | 27.1% | 27.1% | ||
MFIN Cost to Borrower (Annualised) | 31.5% | 31.5% | 31.5% | ||
Transparency Index | 83 | 83 | 83 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 30,000 | KES 50,000 | KES 100,128.48 | KES 300,000 | KES 500,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-08-14 | 2013-08-12 | 2013-07-29 | 2013-04-25 | 2013-04-26 | 2013-07-11 | |||||
Loan Term (Months) | 6.0 months | 12.0 months | 9.0 months | 12.0 months | 19.0 months | 12.0 months | |||||
Grace Period (Months) | 0.2 months | 0.3 months | 0.3 months | 0.3 months | 0.3 months | 0.2 months | |||||
Total Cost of Credit | KES 1,560.55 | KES 7,376.44 | KES 9,783 | KES 24,386.01 | KES 103,445.15 | KES 123,939.53 | |||||
True Price by Comp | |||||||||||
Interest price component | 32.8% | 33.6% | 33.2% | 33.6% | 34.2% | 34.7% | |||||
Fee Component | 10.1% | 4.4% | 5.3% | 4.0% | 2.8% | 3.9% | |||||
Insurance Component | 6.9% | 4.0% | 4.9% | 3.9% | 2.8% | 3.9% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 30.1% | 21.6% | 17.4% | 22.2% | 19.3% | 20.5% | |||||
Full APR (int fee ins tax dep) | 79.9% | 63.6% | 60.8% | 63.7% | 59.1% | 63.0% | |||||
Transparency Index | 25 | 32 | 33 | 31 | 34 | 32 | |||||
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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