2. Nirantara
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
  2. ASHI
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Nirantara Community Services Head Office: #123, Shantaveera, 1st Floor, 10th Main2nd Cross, Shankarnagar, Mahalakshmi LayoutBangalore, Karnataka560096
Data approved: 2010-11-15
Data version: 1
Age of data: 170 months

Institution

Ahon sa Hirap, Inc. 76 8th AvenueCubaoQuezon City1109
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Income Generation Loan (IGL) Product 2 of 2 « Prev | Next »

Product

Group Fund Loan Product 4 of 6 « Prev | Next »

Product Summary

Number borrowers8,112
Loan Amount (range)INR 5,000 - 20,000
Loan Term (range)11.7
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Programs, Community Contact Programs
Annual Interest & Method15.0% annual, Flat
Fees2.00% upfront
Insurance150.00-250.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component33.7% (Int+Fee)
Insurance Component2.8% - 6.4%
Tax Component Range0
Full APR (int fee ins tax dep)36.5% - 39.3%
Transparency Index (min/max)38 - 82
Transparency Index (average)39

Product Summary

3,228
PHP 700 - 49,000
2 - 6
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
0.0% annual, Flat
5.00% ongoing
None
None
N/A
 
N/A
17.3% - 19.8% (Int+Fee)
0 - 33.7%
0
17.3% - 40.9%
0 - 75
0

Product Details

Key Statistics
Outstanding portfolio (INR)INR 47,098,260
Portfolio (USD)USD 888,646.42
Active Clients with Loans8,112
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Presently this the mian product of Nirantara community services. This is given mainly to income generation purpose mainly for starting a new micro-business and/or running their micro-business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherFinancial Literacy Programs
Other (2)Community Contact Programs
No other services
Eligibility
Men
Womenx
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 21,128,764.97
Portfolio (USD)USD 505,472.85
Active Clients with Loans3,228
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan can be used for all types of personal and emergency needs.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term11.7 months
Longest loan term11.7 months
Approx average11.7 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 700
Maximum loan size49,000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term6.0 months
Approx average4.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min150
Fixed amount - max250
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Insurance fee is (a) Rs. 15 for Loan amount upto Rs. 12. (b) Rs 2 for Loan amount between Rs 13 to Rs 16. (c ) Rs. 25 for Loan amount between Rs. 17 to 2. Insurance cover to member and the spouse both.

Pricing Information

Interest
Lowest quoted nominal interest0
Highest quoted nominal interest0
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionSalamat Fund (amount is amortized)
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Income Generation Loan (IGL) samples
Sample 1Sample 2Sample 3
Loan AmountINR 6,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)114
Disbursement Date2010-07-152010-07-152010-05-10
Loan Term (Months)11.7 months11.7 months11.7 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component33.7%33.7%33.7%
Insurance Component5.6%3.4%2.8%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)39.3%37.1%36.5%
MFIN MFI Earning (Annualised)33.7%33.7%33.7%
MFIN Cost to Borrower (Annualised)39.3%37.1%36.5%
Transparency Index384041
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Group Fund Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 3,000PHP 4,000PHP 7,000PHP 13,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2011-01-262010-11-292011-02-032011-04-05
Loan Term (Months)5.8 months5.8 months5.8 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component19.8%17.3%19.8%19.8%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component21.2%0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.9%17.3%19.8%19.8%
Transparency Index0000
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Income Generation Loan (IGL) Price Graphs


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Group Fund Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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