Number borrowers | 49,637 |
Loan Amount (range) | INR 20,000 - 50,000 |
Loan Term (range) | 12 - 30 |
Other Services (text summary) | Credit Educ |
Annual Interest & Method | 22.0%-26.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.3% - 27.9% |
Fee Component | 0 - 1.8% |
Insurance Component | 0 - 2.6% |
Tax Component Range | 0 - 0.3% |
Full APR (int fee ins tax dep) | 22.3% - 23.5% |
Transparency Index (min/max) | 74 - 99 |
Transparency Index (average) | 95 |
140 |
USD 200 - 800 |
6 - 10 |
23.2% annual, Decl Bal |
32.00% upfront |
None |
None |
10.00% ongoing |
N/A |
23.6% (Int+Fee) |
0 - 1.1% |
0 |
26.2% |
0 - N/A |
89 |
Outstanding portfolio (INR) | INR 917,255,158.70 |
Portfolio (USD) | USD 17,306,701.11 |
Active Clients with Loans | 49,637 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
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 | x |
Must live in rural area | |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 7 |
Regions Active | HaryanaPunjab, Rajasthan, Uttar Pradesh, Uttarakhand, Chandigarh, National Capital Territory of Delhi |
Outstanding portfolio (USD) | USD 446,596 |
Portfolio (USD) | USD 446,596 |
Active Clients with Loans | 140 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | x |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 20,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 30% |
INR 25,000-35,000 | 60% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 30.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 10% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | USD 800 |
Shortest loan term | 6.0 months |
Longest loan term | 10.0 months |
Approx average | 6.0 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 |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
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 |
Lowest quoted nominal interest | 23.21% |
Highest quoted nominal interest | 23.21% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 32.00% |
% of loan amount - max | 32.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 20,000 | INR 30,000 | INR 40,000 | INR 50,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-03-04 | 2013-02-25 | 2013-02-26 | 2013-02-26 | |||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | 25.0 months | |||
Grace Period (Months) | 0.1 months | 0.3 months | 0.0 months | 0.1 months | |||
Total Cost of Credit | INR 5,380 | INR 7,800 | INR 10,760 | INR 13,180 | |||
True Price by Comp | |||||||
Interest price component | 23.3% | 22.3% | 23.5% | 23.0% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 23.3% | 22.3% | 23.5% | 23.0% | |||
MFIN MFI Earning (Annualised) | 23.3% | 22.3% | 23.5% | 23.0% | |||
MFIN Cost to Borrower (Annualised) | 23.3% | 22.3% | 23.5% | 23.0% | |||
Transparency Index | 94 | 99 | 94 | 96 | |||
MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 300 | USD 300 | USD 300 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-09-15 | 2010-09-14 | 2010-09-14 | ||
Loan Term (Months) | 8.0 months | 8.0 months | 8.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 23.6% | 23.6% | 23.6% | ||
Insurance Component | 0.9% | 0.9% | 0.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.7% | 1.7% | 1.7% | ||
Full APR (int fee ins tax dep) | 26.2% | 26.2% | 26.2% | ||
Transparency Index | 89 | 89 | 89 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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