Grameen Financial Services Pvt. Ltd. (Grameen Koota) - Siksha 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 80,000
Portfolio (USD)	USD 1,777.78
Active Clients with Loans	10
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

The product is given to clients to meet the education related expenses of their children\r

Loan Purpose

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

Included Services

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

Eligibility

Men	x
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
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 10,000
Maximum loan size	15,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	0

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	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	28.28%
Highest quoted nominal interest	28.28%
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

Siksha Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 11,000	INR 12,000	INR 13,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-07-28	2011-07-21	2011-07-13
Loan Term (Months)	6.1 months	9.3 months	6.1 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	31.8%	30.5%	31.2%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.8%	30.5%	31.2%
MFIN MFI Earning (Annualised)	31.8%	30.5%	31.2%
MFIN Cost to Borrower (Annualised)	31.8%	30.5%	31.2%
Transparency Index	89	93	91
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

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

Siksha Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	162
AJDFI	13,100	884,000	6	162
ARDCI	44,600	9,403,000	1	162
ASA Philippines	333,400	29,282,000	1	162
ASHI	35,400	5,231,000	6	162
ASKI	60,000	15,247,000	4	162
Bangko Kabayan	8,900	2,373,000	2	162
BSEI	600	73,000	2	162
CBI	8,100	2,010,000	5	162
CCT	70,300	9,504,000	4	162
CEV	35,400	5,111,000	4	162
DSPI	59,300	3,676,000	3	162
ECLOF	5,400	1,836,000	4	162
FCB	12,000	2,392,000	2	162
FMB	2,700	710,000	2	162
GM Bank	23,500	1,553,000	3	162
HSPFI	19,100	1,899,000	2	162
JVOFI	1,300	281,000	1	162
Katipunan Bank	42,100	5,325,000	2	162
KDCI	20,500	2,095,000	3	162
KGI	32,300	3,421,000	4	162
KMBI	245,000	15,098,000	1	162
LTMPC	37,400	8,935,000	3	162
Mallig Plains	6,500	641,000	2	162
MILAMDEC	29,800	3,278,000	2	162
MWIMPC	11,800	1,740,000	4	161
NWTF	105,500	12,698,000	5	162
OFMPC	4,400	964,000	1	162
PBC	50,700	10,434,000	4	162
PCSD	700	167,000	1	162
PMPC	23,500	5,565,000	8	162
RB Angeles	900	1,502,000	2	162
RB Labason	500	289,000	1	162
RBLI	5,200	1,026,000	2	162
RBMI	11,900	1,750,000	2	162
RMB	100	173,000	1	162
RSPI	39,600	2,834,000	4	162
SAFRAGEMC	1,100	229,000	1	162
Salve	10,900	1,191,000	3	162
SEDP	27,000	3,914,000	3	162
TSKI	212,900	25,187,000	2	162
TSPI	264,500	31,290,000	7	162
Valient	1,700	672,000	2	162

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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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Max
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By Inst Type


By Country

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