Growing Opportunity Finance (India) Pvt. Ltd. - Livestock Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Institution

Growing Opportunity Finance (India) Pvt. Ltd. No.12, Ramasamy Street, I FloorT. NagarChennai, Tamil Nadu600017

Data approved: 2011-01-01

Data version: 1

Age of data: 170 months

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Institution

Juhudi Kilimo Limited Liability Company P.O. Box 25441Nairobi

Data approved: 2013-05-26

Data version: 3

Age of data: 141 months

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Product

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Product

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Product Summary

Number borrowers	1,205
Loan Amount (range)	INR 12,000 - 20,000
Loan Term (range)	12 - 24
Other Services (text summary)	Group Mtgs, Other Training, Training from veterinarian, Health / Social Issue Training
Annual Interest & Method	12.0% annual, Flat
Fees	2.00% upfront
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	N/A
Fee Component	25.5% - 25.7% (Int+Fee)
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	25.5% - 25.7%
Transparency Index (min/max)	28 - 53
Transparency Index (average)	47

Product Summary

4,198
KES 10,000 - 500,000
6 - 24
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa
32.0% annual, Decl Bal
1.00% upfront 500.00 upfront
1.00%-2.00% upfront 1.00%-2.00% upfront
None
15.0% upfront

30.7% - 33.5%
1.2% - 12.3%
3.1% - 11.2%
0
47.6% - 64.7%
47 - 67
62

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 2,000,000
Portfolio (USD)	USD 37,735.85
Active Clients with Loans	1,205
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group	x
Other

Description

Designed for the purchase of cattle.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Only for purchase of farm animals
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training	x
Other	Training from veterinarian
Other (2)	Health / Social Issue Training
No other services

Eligibility

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
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

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 91,833,689
Portfolio (USD)	USD 1,109,102.52
Active Clients with Loans	4,198
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Asset financing and microleasing is the leasing of assets of small value to small holder farmers and small and medium enterprises. This product targets the leasing of all equipment or tools that form an integral part of farming.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other	Optional low-cost life insurance through CIC, KES 3290pa
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
Other	Must be a farmer
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	5
Regions Active	Central, Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 12,000
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	24.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 10,000
Maximum loan size	500,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	70%
KES 50,000-150,000	30%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	10%
Between 10 and 12 months	80%
Between 13 and 18 months	5%
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	2.0 months

Repayment Frequency

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	x

Pricing Information

Interest

Lowest quoted nominal interest	1.00%
Highest quoted nominal interest	1.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing 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?	Yes

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?

Pricing Information

Interest

Lowest quoted nominal interest	32.00%
Highest quoted nominal interest	32.00%
Reason(s) why interest rate varies	Changing all loans from 16% to 18% starting Jan 2010
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Loan Application Fee	Registration Fee
% of loan amount - min	1.00%	0
% of loan amount - max	1.00%	0
OR, Fixed amount - min	0	500
Fixed amount - max	0	500
Reason for variation	N/A	N/A
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1	Ins 2
Description	Loan Insurance Fee	Asset Insurance Fee
% of loan amount - min	1.00%	1.00%
% of loan amount - max	2.00%	2.00%
OR, Fixed amount - min	0	0
Fixed amount - max	0	0
Reason for variation	1% of the loan amount p.a	1% of the loan amount p.a
Appears on Repayment Sched?	Yes	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Livestock Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 15,000	INR 17,000	INR 18,000
Loan Cycle (1, 2, 3, etc)	1	1	1
Disbursement Date	2010-05-20	2010-05-28	2010-04-19
Loan Term (Months)	12.1 months	12.1 months	12.0 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	25.7%	25.7%	25.5%
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)	25.7%	25.7%	25.5%
MFIN MFI Earning (Annualised)	25.7%	25.7%	25.5%
MFIN Cost to Borrower (Annualised)	25.7%	25.7%	25.5%
Transparency Index	47	47	47
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

Full Pricing Data

Asset Finance Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	KES 10,000	KES 25,000	KES 50,000	KES 110,000	KES 300,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-04-22	2013-04-17	2013-03-15	2013-05-24	2013-05-06
Loan Term (Months)	12.0 months	14.0 months	14.0 months	25.0 months	21.0 months
Grace Period (Months)	0.0 months	2.0 months	2.1 months	0.0 months	0.0 months
Total Cost of Credit	KES 2,598	KES 7,071.68	KES 13,644.34	KES 45,958	KES 109,277
True Price by Comp
Interest price component	31.7%	31.8%	30.7%	30.7%	30.9%
Fee Component	12.3%	4.7%	3.1%	1.6%	1.4%
Insurance Component	4.4%	3.3%	3.1%	4.4%	5.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	16.3%	11.5%	10.7%	11.4%	11.9%
Full APR (int fee ins tax dep)	64.7%	51.3%	47.6%	48.1%	49.2%
Transparency Index	49	62	67	67	65

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

Livestock Loan Price Graphs

Click to view Price Analysis Tool

Asset Finance Loan Price Graphs

Click to view Price Analysis Tool

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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Livestock Loan samples

Full Pricing Data

Asset Finance Loan samples

Livestock Loan Price Graphs

Asset Finance Loan Price Graphs

Total Borrowers of Samples

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