Number borrowers | 924,623 |
Loan Amount (range) | INR 2,000 - 14,000 |
Loan Term (range) | 11.5 |
Other Services (text summary) | Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 24.6% annual, Decl Bal |
Fees | 0.88% upfront |
Insurance | 0.50% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 24.6% |
Fee Component | 1.8% |
Insurance Component | 1.1% |
Tax Component Range | 0.3% |
Full APR (int fee ins tax dep) | 27.8% |
Transparency Index (min/max) | 88 |
Transparency Index (average) | 88 |
1,209 |
USD 100 - 5,000 |
3 - 24 |
Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Capacitación en formulación de planes de negocio, Capacitación en proyectos de vida y espíritu emprendedor |
14.0%-18.5% annual, Decl Bal |
1.00% ongoing |
None |
None |
5.00 ongoing |
N/A |
18.7% - 18.8% (Int+Fee) |
0.1% - 5.3% |
0 |
20.2% - 24.3% |
0 - N/A |
65 |
Outstanding portfolio (INR) | INR 4,644,424,067 |
Portfolio (USD) | USD 87,630,642.77 |
Active Clients with Loans | 924,623 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Joint Liability Group |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 17 |
# Regions for this product | 17 |
Regions Active | Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal |
Outstanding portfolio (USD) | USD 1,949,015 |
Portfolio (USD) | USD 1,949,015 |
Active Clients with Loans | 1,209 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | Como capiltal para iniciar un negocio |
Other (2) | Incremento de mercadería |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Capacitación en formulación de planes de negocio |
Other (2) | Capacitación en proyectos de vida y espíritu emprendedor |
No other services |
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 | Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. |
Other (2) | Pueden acceder personas desde los 15 años de edad en adelante |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 2,000 |
Maximum loan size | 14,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 11.5 months |
Longest loan term | 11.5 months |
Approx average | 11.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
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 100 |
Maximum loan size | 5,000 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 11.0 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 | 24.55% |
Highest quoted nominal interest | 24.55% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0.88% |
% of loan amount - max | 0.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Service Tax Included. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Min is 0.5% for covering member only and max of 1% for covering member and spouse |
Appears on Repayment Sched? | No |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 18.50% |
Reason(s) why interest rate varies | Loan Purpose, Credito para inicio de negocios de los jovenes menores de edad. |
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 | 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 5 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 1.50% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 2,000 | INR 12,000 | INR 10,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-26 | 2012-12-05 | 2012-12-28 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 280 | INR 1,680 | INR 1,400 | ||
True Price by Comp | |||||
Interest price component | 24.6% | 24.6% | 24.6% | ||
Fee Component | 1.8% | 1.8% | 1.8% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.3% | 0.3% | 0.3% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.8% | 27.8% | 27.8% | ||
MFIN MFI Earning (Annualised) | 26.4% | 26.4% | 26.4% | ||
MFIN Cost to Borrower (Annualised) | 27.8% | 27.8% | 27.8% | ||
Transparency Index | 88 | 88 | 88 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 450 | USD 1,000 | USD 2,000 | USD 4,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-08-23 | 2010-08-24 | 2010-07-27 | 2010-07-21 | |||
Loan Term (Months) | 4.0 months | 14.0 months | 10.0 months | 17.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 18.8% | 18.8% | 18.7% | 18.8% | |||
Insurance Component | 5.3% | 1.7% | 2.2% | 1.4% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.3% | 0.2% | 0.1% | 0.0% | |||
Full APR (int fee ins tax dep) | 24.3% | 20.6% | 21.0% | 20.2% | |||
Transparency Index | 58 | 68 | 67 | 69 | |||
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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