Number borrowers | 5,072 |
Loan Amount (range) | INR 8,000 - 75,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 30.0% annual, Decl Bal |
Fees | 2.00%-3.00% upfront |
Insurance | 37.36-350.25 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.8% - 29.9% |
Fee Component | 1.0% - 5.3% |
Insurance Component | 0.8% - 1.3% |
Tax Component Range | 0.1% - 0.7% |
Full APR (int fee ins tax dep) | 32.8% - 37.0% |
Transparency Index (min/max) | 81 - 93 |
Transparency Index (average) | 85 |
34,018 |
KES 1,000 - 100,000 |
1 - 12 |
Credit Ins |
19.0% annual, Flat |
3.00%-5.00% upfront |
0.63% upfront |
None |
N/A |
13.4% - 37.3% |
0 - 11.0% |
0 - 2.3% |
0 |
27.1% - 41.6% |
37 - 83 |
57 |
Outstanding portfolio (INR) | INR 73,776,249 |
Portfolio (USD) | USD 1,392,004.70 |
Active Clients with Loans | 5,072 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 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 | |
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 | 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 | |
Must live in rural area | |
Must lives in urban area | x |
Other | The client must be the owner of the business. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Gujarat, Maharashtra |
Outstanding portfolio (KES) | KES 1,300,738,495 |
Portfolio (USD) | USD 15,709,402.11 |
Active Clients with Loans | 34,018 |
Approximate % Female Clients | 20% - 40% |
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 | Purchase of farm inputs |
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 | |
Must be specific age group | |
Other | Must be in small scale or commercial farming |
Other (2) | Active Equity Bank account |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Central, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western |
Currency | INR |
Minimum loan size | INR 8,000 |
Maximum loan size | 75,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 10% |
INR 15,000-25,000 | 40% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 15% |
Greater than INR 45,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 7.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 |
Currency | KES |
Minimum loan size | KES 1,000 |
Maximum loan size | 100,000 |
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
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 | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Product classified as non-qualifying asset. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 37.36 |
Fixed amount - max | 350.25 |
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 |
Lowest quoted nominal interest | 1.58% |
Highest quoted nominal interest | 1.58% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | LACE (Loan Application & Credit Evaluation) Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 5% for 1st cycle, 3% for multiple cycle loans |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Annual Insurance Fee |
% of loan amount - min | 0.63% |
% of loan amount - max | 0.63% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 0.625% per annum. |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 20,500 | INR 35,000 | INR 50,000 | INR 62,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-10-15 | 2012-11-27 | 2012-11-17 | 2012-11-28 | 2012-11-29 | ||||
Loan Term (Months) | 12.0 months | 13.0 months | 12.0 months | 12.0 months | 8.0 months | ||||
Grace Period (Months) | 0.1 months | 0.7 months | -0.1 months | 0.3 months | 0.3 months | ||||
Total Cost of Credit | INR 1,986.42 | INR 4,155.84 | INR 6,827.97 | INR 10,181.10 | INR 9,364.39 | ||||
True Price by Comp | |||||||||
Interest price component | 29.9% | 28.1% | 29.8% | 29.5% | 29.7% | ||||
Fee Component | 4.0% | 3.4% | 3.9% | 3.8% | 5.3% | ||||
Insurance Component | 0.9% | 0.9% | 1.0% | 0.9% | 1.3% | ||||
Tax Component | 0.5% | 0.4% | 0.5% | 0.5% | 0.7% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
MFIN MFI Earning (Annualised) | 33.9% | 31.5% | 33.7% | 33.3% | 35.0% | ||||
MFIN Cost to Borrower (Annualised) | 35.3% | 32.8% | 35.2% | 34.7% | 37.0% | ||||
Transparency Index | 85 | 91 | 85 | 86 | 81 | ||||
MFIN Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 9,999.92 | KES 19,999.98 | KES 48,000 | KES 99,999.92 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-04 | 2013-05-03 | 2013-05-03 | 2013-06-20 | |||
Loan Term (Months) | 12.0 months | 5.7 months | 5.5 months | 12.0 months | |||
Grace Period (Months) | -0.3 months | -0.4 months | -0.6 months | -0.3 months | |||
Total Cost of Credit | KES 2,214.96 | KES 2,487.74 | KES 5,844 | KES 22,097.18 | |||
True Price by Comp | |||||||
Interest price component | 33.8% | 19.1% | 18.6% | 34.0% | |||
Fee Component | 6.3% | 6.9% | 7.0% | 6.3% | |||
Insurance Component | 1.4% | 1.5% | 1.5% | 1.3% | |||
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) | 41.5% | 27.5% | 27.1% | 41.6% | |||
Transparency Index | 46 | 69 | 70 | 46 | |||
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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