Grameen Financial Services Pvt. Ltd. (Grameen Koota) - Individual Loan - MFTransparency.org Truth In Lending Tables

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Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062

Data approved: 2011-03-25

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 41,112,737
Portfolio (USD)	USD 913,616.38
Active Clients with Loans	2,684
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

The product is given for the development of microinterprise and for meeting the working capital requirements of the clients.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 20,000
Maximum loan size	50,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	9.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	90%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	28.29%
Highest quoted nominal interest	28.29%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Individual Loan samples

	Sample 1	Sample 2
Loan Amount	INR 19,000	INR 25,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known
Disbursement Date	2010-03-24	2010-03-29
Loan Term (Months)	6.1 months	6.1 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	40.5%	40.2%
Insurance Component	0.0%	0.0%
Tax Component	0.0%	0.0%
Deposit Component	0.0%	0.0%
Full APR (int fee ins tax dep)	40.5%	40.2%
MFIN MFI Earning (Annualised)	40.5%	40.2%
MFIN Cost to Borrower (Annualised)	40.5%	40.2%
Transparency Index	70	70
MFIN Transparency Index	N/A	N/A

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

Individual Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACSI	682,200	103,172,000	5	161
ADCSI	176,100	30,846,000	2	162
BG	47,000	4,048,000	4	161
DECSI	361,000	96,304,000	7	161
Dire	4,900	828,000	4	161
DMCPSC	1,200	69,000	1	161
Eshet	18,800	2,392,000	3	161
Harbu	22,400	1,757,000	2	161
Meklit	12,200	1,395,000	4	161
Metemamen	10,500	650,000	6	161
OCSSCO	502,700	69,565,000	3	161
OMO	323,600	31,385,000	4	161
PEACE	17,200	2,462,000	3	161
SFPI	33,600	2,750,000	3	161
Sidama	53,400	1,162,000	6	161
Wasasa	49,300	5,798,000	4	161
Wisdom MFI	45,300	5,500,000	6	158

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

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Total Borrrowers of Samples


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