| Number borrowers | 53 |
| Loan Amount (range) | INR 5,000 - 20,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 18.0% annual, Flat |
| Fees | 2.00% upfront |
| Insurance | 40.00-200.00 upfront 40.00-200.00 upfront |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 33.9% (Int+Fee) |
| Insurance Component | 1.4% - 4.1% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 41.9% |
| Transparency Index (min/max) | 33 - 80 |
| Transparency Index (average) | 43 |
| 10,558 |
| KES 500 - 100,000 |
| 1 |
| Group Mtgs, Business Training |
| 60.0% annual, Flat |
| 10.00 upfront |
| None |
| None |
| 30.0% upfront 200.00 ongoing |
| 17.8% - 59.4% |
| 0.1% - 2.6% |
| 0 |
| 0 |
| 83.0% - 84.9% |
| 17 - 72 |
| 71 |
| Outstanding portfolio (INR) | INR 600,000 |
| Portfolio (USD) | USD 11,320.75 |
| Active Clients with Loans | 53 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| 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 | x |
| 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) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Madhya Pradesh, Uttar Pradesh |
| Outstanding portfolio (KES) | KES 53,960,125 |
| Portfolio (USD) | USD 651,692.33 |
| Active Clients with Loans | 10,558 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Eastern, Nairobi, Nyanza, Rift Valley |
| Currency | INR |
| Minimum loan size | INR 5,000 |
| Maximum loan size | 20,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | KES |
| Minimum loan size | KES 500 |
| Maximum loan size | 100,000 |
| Loans less than KES 50,000 | 90% |
| KES 50,000-150,000 | 10% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 1.0 month |
| Approx average | 1.0 month |
| Loans 3 months or less | 100% |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| 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? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Insurance | Insurance | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 40 | 40 | |
| Fixed amount - max | 200 | 200 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Required for | Some |
| Criteria | Security deposit is not applicable for the loan upto Rs. 5000. |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 3.50% |
| Maximum interest rate paid | 3.50% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Application Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 10 |
| Fixed amount - max | 10 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 30.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | KES 200 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | INR 15,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-05-07 |
| Loan Term (Months) | 18.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 33.9% |
| Insurance Component | 1.4% |
| Tax Component | 0 |
| Deposit Component | 6.6% |
| Full APR (int fee ins tax dep) | 41.9% |
| MFIN MFI Earning (Annualised) | 33.9% |
| MFIN Cost to Borrower (Annualised) | 41.9% |
| Transparency Index | 43 |
| MFIN Transparency Index | N/A |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | KES 10,000 | KES 20,000 | KES 40,000 | KES 92,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-05-11 | 2013-04-11 | 2013-04-10 | 2013-04-04 | |||
| Loan Term (Months) | 1.0 month | 1.0 month | 1.0 month | 1.0 month | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | KES 510 | KES 1,010 | KES 2,010 | KES 4,610 | |||
| True Price by Comp | |||||||
| Interest price component | 57.5% | 59.4% | 59.4% | 59.4% | |||
| Fee Component | 1.2% | 0.6% | 0.3% | 0.1% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 24.3% | 24.9% | 24.8% | 24.7% | |||
| Full APR (int fee ins tax dep) | 83.0% | 84.9% | 84.5% | 84.2% | |||
| Transparency Index | 72 | 71 | 71 | 71 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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