Number borrowers | 18,162 |
Loan Amount (range) | INR 5,000 - 5,000 |
Loan Term (range) | 5.58 |
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 | 26.00-77.00 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) | 37.1% |
Transparency Index (min/max) | 51 - 92 |
Transparency Index (average) | 70 |
12,475 |
TZS 350,000 - 4,000,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
64.8% annual, Decl Bal |
1.00% upfront |
None |
None |
N/A |
58.6% - 82.2% |
0 - 3.6% |
0 |
0 |
65.2% - 66.8% |
60 - 100 |
98 |
Outstanding portfolio (INR) | INR 53,172,593 |
Portfolio (USD) | USD 1,003,256.47 |
Active Clients with Loans | 18,162 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
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 | This loan can be availed after 25 weeks of prompt repayment of Pragati/Pragati plus loan installments and should have at least 12 weeks of remaining repayment period |
Other (2) | IGL-Pragati/Pragati Plus borrowers |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Karnataka, Maharashtra, Tamil Nadu |
Outstanding portfolio (TZS) | TZS 5,871,004,648 |
Portfolio (USD) | USD 3,692,455.75 |
Active Clients with Loans | 12,475 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 14 |
# Regions for this product | 15 |
Regions Active | Arusha, Dar es Salaam, Dodoma, Iringa, Kagera, Kilimanjaro, Manyara, MaraMbeya, Morogoro, Mwanza, Pwani, Ruvuma, Shinyanga, Tanga |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 5,000 |
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 | 5.6 months |
Longest loan term | 5.6 months |
Approx average | 5.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
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 | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | TZS |
Minimum loan size | TZS 350,000 |
Maximum loan size | 4,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 90% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 0 |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.7 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 30% |
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 | 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 | 26 |
Fixed amount - max | 77 |
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 26, Premium for member and spouse-Rs 77 |
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 | 5.40% |
Highest quoted nominal interest | 5.40% |
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 | Disbursement 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? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 5,000 | INR 5,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-04-13 | 2013-04-13 | 2013-04-22 | ||
Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 463.18 | INR 463.18 | INR 463.18 | ||
True Price by Comp | |||||
Interest price component | 26.0% | 26.0% | 26.0% | ||
Fee Component | 4.1% | 4.1% | 4.1% | ||
Insurance Component | 6.5% | 6.5% | 6.5% | ||
Tax Component | 0.5% | 0.5% | 0.5% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 37.1% | 37.1% | 37.1% | ||
MFIN MFI Earning (Annualised) | 30.1% | 30.1% | 30.1% | ||
MFIN Cost to Borrower (Annualised) | 37.1% | 37.1% | 37.1% | ||
Transparency Index | 70 | 70 | 70 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
TZS 450,000 | Generated | 2015-03-01 | 6.0 months | N/A | TZS 92,587.75 | 66.8% | 63.2% | 3.6% | 0.0% | 0.0% | 0.0% | 97 | - | |
TZS 700,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 208,424.88 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 930,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 276,907.34 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,250,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 372,187.28 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,500,000 | Generated | 2015-03-01 | 9.0 months | N/A | TZS 446,624.74 | 65.8% | 63.2% | 2.6% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,725,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 679,011 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 1,850,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 728,214.70 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - | |
TZS 2,000,000 | Generated | 2015-03-01 | 12.0 months | N/A | TZS 787,259.13 | 65.2% | 63.2% | 2.0% | 0.0% | 0.0% | 0.0% | 99 | - |
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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