Number borrowers | 6,782 |
Loan Amount (range) | INR 3,000 - 15,000 |
Loan Term (range) | 8.6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
Annual Interest & Method | 11.0% annual, Flat |
Fees | 1.00% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | 10.0% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 32.1% (Int+Fee) |
Insurance Component | 2.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 42.8% |
Transparency Index (min/max) | 26 |
Transparency Index (average) | 26 |
4,070 |
USD 500 - 20,000 |
1 - 72 |
Credit Ins |
13.6%-13.8% annual, Decl Bal |
None |
3.00% ongoing |
None |
10.0% upfront |
N/A |
13.9% - 14.0% (Int+Fee) |
0.3% |
0 |
15.7% - 15.9% |
67 - 87 |
86 |
Outstanding portfolio (INR) | INR 24,841,151 |
Portfolio (USD) | USD 468,700.96 |
Active Clients with Loans | 6,782 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
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 | |
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 | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 7,500,000 |
Portfolio (USD) | USD 7,500,000 |
Active Clients with Loans | 4,070 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | propietario de casa si el monto es superior a $5,000 |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 3,000 |
Maximum loan size | 15,000 |
Shortest loan term | 8.6 months |
Longest loan term | 8.6 months |
Approx average | 8.6 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 100% |
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 | x |
Every 2 weeks | |
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 500 |
Maximum loan size | 20,000 |
Shortest loan term | 1.0 month |
Longest loan term | 72.0 months |
Approx average | 30.0 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 | 11.00% |
Highest quoted nominal interest | 11.00% |
Interest rate period | Yearly |
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 | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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? |
% loan amount deposited | 10.00% - N/A |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 13.60% |
Highest quoted nominal interest | 13.80% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | seguro de desgravamen |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
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 | Access During |
Minimum interest rate paid | 1.25% |
Maximum interest rate paid | 1.25% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | |
Loan Cycle (1, 2, 3, etc) | 1 | 2 | |
Disbursement Date | 2010-05-01 | 2010-04-17 | |
Loan Term (Months) | 8.6 months | 8.6 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 32.1% | 32.1% | |
Insurance Component | 2.9% | 2.9% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 7.8% | 7.8% | |
Full APR (int fee ins tax dep) | 42.8% | 42.8% | |
MFIN MFI Earning (Annualised) | 32.1% | 32.1% | |
MFIN Cost to Borrower (Annualised) | 42.8% | 42.8% | |
Transparency Index | 26 | 26 | |
MFIN Transparency Index | N/A | N/A | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,000 | USD 12,000 | USD 16,000 | |||||
Loan Cycle (1, 2, 3, etc) | 4 | 1 | 9 | 2 | 9 | 3 | |||||
Disbursement Date | 2010-08-06 | 2010-08-04 | 2010-08-02 | 2010-07-12 | 2010-08-02 | 2010-08-21 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 36.0 months | 48.0 months | 60.0 months | 72.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 14.0% | 14.0% | 14.0% | 14.0% | 13.9% | 14.0% | |||||
Insurance Component | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 1.5% | 1.5% | 1.5% | 1.5% | 1.5% | 1.5% | |||||
Full APR (int fee ins tax dep) | 15.8% | 15.8% | 15.8% | 15.8% | 15.7% | 15.9% | |||||
Transparency Index | 86 | 86 | 86 | 86 | 87 | 86 | |||||
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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