Number borrowers | 3,843 |
Loan Amount (range) | INR 20,000 - 50,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 200.00-400.00 upfront |
Insurance | 200.00-400.00 upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.0% - 26.2% |
Fee Component | 0.9% - 4.0% |
Insurance Component | 0 - 2.0% |
Tax Component Range | 0 - 0.5% |
Full APR (int fee ins tax dep) | 27.5% - 28.1% |
Transparency Index (min/max) | 75 - 95 |
Transparency Index (average) | 93 |
13,784 |
USD 2,501 - 10,000 |
3 - 36 |
21.6%-30.0% annual, Decl Bal |
None |
None |
None |
N/A |
21.4% - 34.8% |
0 |
0 |
0 |
21.4% - 26.5% |
70 - 101 |
92 |
Outstanding portfolio (INR) | INR 82,438,458 |
Portfolio (USD) | USD 1,555,442.60 |
Active Clients with Loans | 3,843 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0 |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 | |
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 (USD) | USD 45,241,769.30 |
Portfolio (USD) | USD 45,241,769.30 |
Active Clients with Loans | 13,784 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
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 | x |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
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 | 40% |
INR 35,000-45,000 | 20% |
Greater than INR 45,000 | 20% |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 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 2,501 |
Maximum loan size | 10,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 19.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 26.00% |
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 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 200 |
Fixed amount - max | 400 |
Reason for variation | Processing fee varies with the loan size |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 200 |
Fixed amount - max | 400 |
Reason for variation | Insurance premium amount varies with the loan size |
Appears on Repayment Sched? | 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 | 1.80% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose, High credit risk level = higher interest rate |
Interest rate period | Monthly |
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 22,380 | INR 26,100 | INR 31,700 | INR 41,020 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-02-10 | 2013-02-04 | 2013-02-02 | 2013-03-10 | |||
Loan Term (Months) | 24.0 months | 24.0 months | 25.0 months | 24.0 months | |||
Grace Period (Months) | -0.1 months | 0.1 months | 0.2 months | -0.1 months | |||
Total Cost of Credit | INR 6,819.98 | INR 7,989.98 | INR 9,679.97 | INR 12,539.96 | |||
True Price by Comp | |||||||
Interest price component | 26.1% | 25.7% | 25.6% | 26.0% | |||
Fee Component | 0.9% | 0.9% | 0.9% | 0.9% | |||
Insurance Component | 1.0% | 1.0% | 0.9% | 1.0% | |||
Tax Component | 0.1% | 0.2% | 0.1% | 0.1% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 28.1% | 27.8% | 27.5% | 28.0% | |||
MFIN MFI Earning (Annualised) | 27.0% | 26.6% | 26.5% | 26.9% | |||
MFIN Cost to Borrower (Annualised) | 28.1% | 27.8% | 27.5% | 28.0% | |||
Transparency Index | 92 | 94 | 94 | 93 | |||
MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 2,300 | USD 2,300 | USD 3,000 | USD 3,100 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-06 | 2013-03-22 | 2013-05-23 | 2013-05-23 | |||
Loan Term (Months) | 24.0 months | 24.0 months | 30.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | -0.4 months | -0.2 months | |||
Total Cost of Credit | USD 552.12 | USD 637.80 | USD 873.99 | USD 687.24 | |||
True Price by Comp | |||||||
Interest price component | 22.9% | 26.5% | 22.9% | 21.4% | |||
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) | 22.9% | 26.5% | 22.9% | 21.4% | |||
Transparency Index | 94 | 82 | 94 | 100 | |||
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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