Outstanding portfolio (INR) | INR 809,097,517 |
Portfolio (USD) | USD 15,265,990.89 |
Active Clients with Loans | 87,428 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 100% |
Individual | |
Solidarity group | x |
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 | x |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Currency | INR |
Minimum loan size | INR 8,000 |
Maximum loan size | 34,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 50% |
INR 15,000-25,000 | 40% |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 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 | 0 |
Longer than 18 months | 100% |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 26.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Branch |
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 | 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 | Credit Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 74.72 |
Fixed amount - max | 317.56 |
Reason for variation | Rs 4.67 for every Rs 1000 for a year. |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-10-29 | 2012-10-27 | 2012-10-30 | ||
Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.6 months | 0.5 months | 0.5 months | ||
Total Cost of Credit | INR 3,270.76 | INR 6,472.52 | INR 9,699.28 | ||
True Price by Comp | |||||
Interest price component | 25.8% | 25.8% | 25.8% | ||
Fee Component | 1.1% | 1.1% | 1.0% | ||
Insurance Component | 0.9% | 0.9% | 1.0% | ||
Tax Component | 0.2% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 28.0% | 28.0% | 27.9% | ||
MFIN MFI Earning (Annualised) | 26.9% | 26.9% | 26.8% | ||
MFIN Cost to Borrower (Annualised) | 28.0% | 28.0% | 27.9% | ||
Transparency Index | 93 | 93 | 93 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
ABT | 25,400 | 37,378,000 | 2 | 119 |
AKIBA | 26,900 | 36,852,000 | 4 | 132 |
BELITA | 5,800 | 492,000 | 1 | 132 |
BRAC Tanzania | 102,300 | 19,663,000 | 2 | 132 |
F & K Finance | 0 | 38,000 | 1 | 155 |
FINCA Tanzania | 78,400 | 31,517,000 | 3 | 115 |
FMFC | 1,500 | 392,000 | 6 | 132 |
K-Finance Ltd | 1,000 | 264,000 | 2 | 132 |
Mbinga | 1,000 | 2,986,000 | 3 | 132 |
MCBL | 3,600 | 2,837,000 | 6 | 132 |
MDF Tanzania | 600 | 148,000 | 1 | 132 |
NMB | 45,100 | 74,528,000 | 1 | 132 |
Opportunity | 8,600 | 3,018,000 | 3 | 132 |
PRIDE Tanzania | 104,400 | 33,321,000 | 3 | 132 |
PTF | - | N/A | 132 | |
Selfina | 8,000 | 3,773,000 | 2 | 155 |
Tujijenge Tanzania | 10,000 | 2,060,000 | 4 | 132 |
VF^Tanzania | 34,390 | 7,613,000 | 4 | 126 |
Victoria | 100 | 377,000 | 3 | 155 |
YOSEFO | 17,100 | 2,211,000 | 3 | 155 |
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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