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

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

Product

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

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

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

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.

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
Income Generation Loan (IGL) Price Graphs


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  2. Zigama CSS
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Zigama Credit and Savings Society Head OfficeKigali, GasaboPO Box BP4772
Data approved: 2011-09-16
Data version: 1
Age of data: 160 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.zigamacss.com/
Year established1998
Head of InstitutionGeoffrey Byegeka
Regions activeBugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge
# Branches16

Total Portfolio (nat'l)RWF 38,189,281,936
Total Portfolio (USD)USD 59,670,753.03
Active clients with loans53,806
Approximate % female clients0% - 20%
Approximate % urban clients0% - 20%
Network affiliationsRwanda Banking Association
Funders

Loan Products » Summary

Medium Term
13,750 Borrowers
USD 15,625,000 Portfolio
Active Product
Short Term
38,500 Borrowers
USD 43,750,000 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Medium Term Loan RWF 1,000,000 - 50,000,000 36 - 60 0% - 20% 0% - 20% Any Purpose Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups Credit Educ
Short Term Loan RWF 100,000 - 5,000,000 3 - 36 0% - 20% 0% - 20% Business, Consumer, Education, Other, Medicals bills, Insurance, Marriage Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups Credit Educ

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Medium Term Loan 13.00%-13.50% annual, Decl Bal 2 Fees 0 Ins None 10.00% upfront 13.1% - 14.4% 15.6% - 17.3% 78
Short Term Loan 15.00% annual, Decl Bal 2 Fees 0 Ins None 30.00% upfront 14.2% - 39.9% 24.7% - 57.5% 41
Institution Price Graph
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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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