2. Grameen Koota
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Maxima
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 141 months
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Institution

Maxima Mikroheranhvatho Plc. #21AB, Street 271Phnom PenhPO Box 12308
Data approved: 2013-06-20
Data version: 3
Age of data: 139 months
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Product

Education Loan Product 18 of 23 « Prev | Next »

Product

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Product Summary

Number borrowers22,097
Loan Amount (range)INR 5,000 - 5,000
Loan Term (range)11.63 - 12.1
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Annual Interest & Method22.0% annual, Decl Bal
Fees1.00% upfront
Insurance26.00-77.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component21.8% - 34.0%
Fee Component1.1% - 11.6%
Insurance Component0 - 16.6%
Tax Component Range0.1% - 1.5%
Full APR (int fee ins tax dep)27.6%
Transparency Index (min/max)51 - 92
Transparency Index (average)80

Product Summary

1,393
USD 50 - 1,450
12 - 24
Credit Educ, Group Mtgs
22.8%-33.6% annual, Decl Bal
None
None
None
N/A
 
21.5% - 34.6%
0
0
0
28.3% - 34.6%
66 - 106
70

Product Details

Key Statistics
Outstanding portfolio (INR)INR 27,742,077
Portfolio (USD)USD 523,435.42
Active Clients with Loans22,097
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is a product in Social Welfare category. To meet the educational expenses of memberÂ’s children
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherJagruthi- Client Education Series
Other (2)Socio-Economic Development Workshop
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
OtherThe member must have availed IGL-Pragati at least once.New members eligible after 6 months from the date of becoming the member
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveKarnataka, Maharashtra, Tamil Nadu

Product Details

Key Statistics
Outstanding portfolio (USD)USD 729,922
Portfolio (USD)USD 729,922
Active Clients with Loans1,393
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
The loan is designed for husbands / wifes, fathers / mothers or sons / daughters. The term ranges between 12 and 24 months with a loan size between $50 to $1,450 with monthly installments and three months grace period for a 12 months loan.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveKandal, Phnom Penh

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term11.6 months
Longest loan term12.1 months
Approx average12.1 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size1,450
Distribution at Disbursement (Est.)
Loans less than USD 2505%
USD 250-1,00080%
USD 1,000-1,50015%
USD 1,500-2,0000
USD 2,000-2,5000
Greater than USD 2,5000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months70%
Grace Period
Grace period usage100%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min26
Fixed amount - max77
Reason for variationPremium 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 26, Premium for member and spouse-Rs 77
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
Moratorium Period (Repayment Holiday) - one installment for principal only

Pricing Information

Interest
Lowest quoted nominal interest1.90%
Highest quoted nominal interest2.80%
Reason(s) why interest rate variesBranch, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The grace period will be allowed for 12 month loan only. Some clients choose grace period and some do not. If the client choose grace period it can happen at any month(s) during the loan period,up to 3 months total of grace.

Full Pricing Data

Education Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 5,000INR 5,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-04-252013-04-252013-04-25
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 722.18INR 722.18INR 722.18
True Price by Comp     
Interest price component22.1%22.1%22.1%
Fee Component2.1%2.1%2.1%
Insurance Component3.2%3.2%3.2%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.6%27.6%27.6%
MFIN MFI Earning (Annualised)24.2%24.2%24.2%
MFIN Cost to Borrower (Annualised)27.6%27.6%27.6%
Transparency Index808080
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Individual Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountUSD 100USD 200USD 300USD 600USD 1,100
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-022013-03-222013-04-092013-02-112013-03-21
Loan Term (Months)12.0 months12.0 months12.0 months25.0 months12.0 months
Grace Period (Months)-0.6 months-0.4 months-0.3 months0.3 months-0.2 months
Total Cost of CreditUSD 15.81USD 33.12USD 54.60USD 215.60USD 165.24
True Price by Comp         
Interest price component33.1%33.2%34.6%33.1%28.3%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.1%33.2%34.6%33.1%28.3%
Transparency Index6969666980
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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