Outstanding portfolio (INR) | INR 6,309,129,714 |
Portfolio (USD) | USD 119,040,183.30 |
Active Clients with Loans | 505,914 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
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 | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Group members must live within each other's vicinity. |
Other (2) | Must demonstrate capacity to repay. |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Gujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 70% |
INR 15,000-25,000 | 20% |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 0 |
Longer than 18 months | 30% |
Grace period usage | 70% |
Average grace period | 1.0 month |
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% |
Reason(s) why interest rate varies | Time as Client |
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 premium |
% of loan amount - min | 0.33% |
% of loan amount - max | 0.33% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Premium is 0.325% of loan amount. If cover is for both borrower & co-borrower for 24 months, the total will be 0.325% of loan amount times 4. |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 15,000 | INR 20,000 | INR 25,000 | INR 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-04-01 | 2013-04-04 | 2013-04-01 | 2013-04-01 | |||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | INR 2,908.54 | INR 6,974.72 | INR 8,795.90 | INR 10,552 | |||
True Price by Comp | |||||||
Interest price component | 29.6% | 27.9% | 27.9% | 27.9% | |||
Fee Component | 1.9% | 1.1% | 1.0% | 1.0% | |||
Insurance Component | 1.7% | 1.4% | 1.4% | 1.4% | |||
Tax Component | 0.2% | 0.1% | 0.1% | 0.1% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 33.4% | 30.5% | 30.4% | 30.4% | |||
MFIN MFI Earning (Annualised) | 31.5% | 29.0% | 28.9% | 28.9% | |||
MFIN Cost to Borrower (Annualised) | 33.4% | 30.5% | 30.4% | 30.4% | |||
Transparency Index | 78 | 85 | 86 | 86 | |||
MFIN Transparency Index | 88 | 93 | 93 | 93 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fmsd.org.co/ |
Year established | 1960 |
Head of Institution | JUAN CARLOS FRANCO VILLEGAS |
Regions active | |
# Branches | 4 |
Total Portfolio (nat'l) | COP 16,810,083,825 |
Total Portfolio (USD) | USD 9,236,309.79 |
Active clients with loans | 6,816 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | ACCION INTERNACIONAL, ASOMICROFINANZAS |
Funders | KIVA, BANCOLDEX |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Activos fijos | COP 515,000 - 12,875,000 | 12 - 60 | 40% - 60% | 80% - 100% | Business, Solo para Activo Fijo | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Capital de Trabajo | COP 257,500 - 12,875,000 | 12 - 24 | 40% - 60% | 80% - 100% | Business, Solo para Capital de Trabajo | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Créditos superiores | COP 10,000,000 - 61,800,000 | 6 - 60 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Mejoramiento de vivienda | COP 515,000 - 10,300,000 | 12 - 60 | 80% - 100% | 80% - 100% | Housing | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins | |||||||
Vivienda Hipotecaria | COP 2,000,000 - 11,845,000 | 36 - 120 | 60% - 80% | 80% - 100% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Activos fijos | 20.0%-29.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 34.1% - 40% | 39.7% - 47.2% | 46 | ||||||||
Capital de Trabajo | 18.0%-29.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 30.2% - 37.4% | 35.9% - 43.6% | 46 | ||||||||
Créditos superiores | 22.0%-28.0% annual, Decl Bal | 2 Fees | 2 Ins | None | N/A | 26.9% - 27.9% | 31.4% - 32% | 69 | ||||||||
Mejoramiento de vivienda | 20.0% annual, Decl Bal | 2 Fees | 1 Ins | None | N/A | 30.3% - 31.7% | 30.3% - 35.9% | 61 | ||||||||
Vivienda Hipotecaria | 16.5% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 15.6% - 16.4% | 16.9% - 17.4% | 97 |
Key Statistics | |
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# Products | |
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# 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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