| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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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