| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2001 |
| Head of Institution | M.Ernest Paul |
| Regions active | |
| # Branches | 41 |
| Total Portfolio (nat'l) | INR 668,968,774 |
| Total Portfolio (USD) | USD 12,622,052.34 |
| Active clients with loans | 90,929 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Loan | INR 8,000 - 22,000 | 12 | 80% - 100% | 80% - 100% | Business | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Micro Enterprise Development Loan | INR 25,000 - 50,000 | 12 | 80% - 100% | 80% - 100% | Business | Women | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Loan | 0% | 26.2% - 27.7% | 28.3% - 32.2% | N/A | ||||||||||
| Micro Enterprise Development Loan | 0% | 27.6% - 27.8% | 27.6% - 27.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 26.2% - 27.7% | 28.3% - 32.2% | 41 | ||||||||
| Micro Enterprise Development Loan | 12.5% annual, Flat | 1 Fee | 1 Ins | None | N/A | 27.6% - 27.8% | 27.6% - 27.8% | 45 |
| Outstanding portfolio (USD) | USD 417,233.71 |
| Portfolio (USD) | USD 417,233.71 |
| Active Clients with Loans | 915 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh KongKratié, Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Currency | USD |
| Minimum loan size | USD 151 |
| Maximum loan size | 1,000 |
| Loans less than USD 250 | 10% |
| USD 250-1,000 | 90% |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 0 |
| USD 2,000-2,500 | 0 |
| Greater than USD 2,500 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 20% |
| Between 13 and 18 months | 50% |
| Longer than 18 months | 30% |
| Grace period usage | 100% |
| 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 | 2.70% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Branch, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 200 | USD 300 | USD 600 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-12 | 2013-02-20 | 2013-02-15 | ||
| Loan Term (Months) | 24.0 months | 24.0 months | 18.0 months | ||
| Grace Period (Months) | 0.0 months | -0.3 months | -0.1 months | ||
| Total Cost of Credit | USD 72.31 | USD 99.44 | USD 156.85 | ||
| True Price by Comp | |||||
| Interest price component | 33.1% | 33.3% | 33.4% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| 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) | 33.1% | 33.3% | 33.4% | ||
| Transparency Index | 98 | 97 | 97 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
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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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