| Number borrowers | 391 |
| Loan Amount (range) | INR 2,000 - 5,000 |
| Loan Term (range) | 12 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 26.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 9.34-23.35 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) | 28.8% - 29.2% |
| Transparency Index (min/max) | 81 - 93 |
| Transparency Index (average) | 89 |
| 2,505 |
| COP 300,000 - 65,000,000 |
| 12 - 59 |
| Other Training, Fidelizacion |
| 14.4%-28.7% annual, Decl Bal |
| 3,500.00 upfront 18,000.00-58,000.00 upfront |
| 0.34% upfront |
| None |
| N/A |
| N/A |
| 23.9% - 24.8% (Int+Fee) |
| 0.6% - 0.8% |
| 0 |
| 24.7% - 25.5% |
| 18 - 143 |
| 57 |
| Outstanding portfolio (INR) | INR 26,971,403 |
| Portfolio (USD) | USD 508,894.40 |
| Active Clients with Loans | 391 |
| 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 | |
| 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 |
| Outstanding portfolio (COP) | COP 13,559,302,734 |
| Portfolio (USD) | USD 7,450,166.34 |
| Active Clients with Loans | 2,505 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | Fidelizacion |
| 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 | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # 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 | 5,000 |
| Loans less than INR 5,000 | 100% |
| INR 5,000-15,000 | 0 |
| 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 | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| 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 | COP |
| Minimum loan size | COP 300,000 |
| Maximum loan size | 65,000,000 |
| Shortest loan term | 12.0 months |
| Longest loan term | 59.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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% |
| 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 | Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 9.34 |
| Fixed amount - max | 23.35 |
| 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 | 14.40% |
| Highest quoted nominal interest | 28.66% |
| Reason(s) why interest rate varies | Time as Client, Collateral, Loan Purpose |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | No |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Comision Centrales de Riesgo | Comision por Estudio de Credito (cobrado anualmente). No todos los prestamos tienen esta comisio. | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 0 | 0 | |
| OR, Fixed amount - min | 3,500 | 18,000 | |
| Fixed amount - max | 3,500 | 58,000 | |
| Reason for variation | Solamente para pocos prestamos de este producto | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Vida (cobrado anualmente) |
| % of loan amount - min | 0.34% |
| % of loan amount - max | 0.34% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 2,000 | INR 3,000 | INR 5,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-24 | 2012-11-24 | 2012-11-24 | ||
| Loan Term (Months) | 13.0 months | 13.0 months | 13.0 months | ||
| Grace Period (Months) | 0.6 months | 0.5 months | 0.6 months | ||
| Total Cost of Credit | INR 343.81 | INR 520.71 | INR 880.53 | ||
| True Price by Comp | |||||
| Interest price component | 26.2% | 26.2% | 26.0% | ||
| Fee Component | 1.9% | 1.8% | 1.8% | ||
| Insurance Component | 0.9% | 0.9% | 0.8% | ||
| Tax Component | 0.2% | 0.2% | 0.2% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.2% | 29.1% | 28.8% | ||
| MFIN MFI Earning (Annualised) | 28.1% | 28.0% | 27.8% | ||
| MFIN Cost to Borrower (Annualised) | 29.2% | 29.1% | 28.8% | ||
| Transparency Index | 89 | 89 | 90 | ||
| MFIN Transparency Index | 99 | 99 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 2,200,000 | COP 3,400,000 | COP 7,000,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-04-25 | 2011-04-13 | 2011-04-27 | ||
| Loan Term (Months) | 18.0 months | 24.0 months | 36.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 24.8% | 24.3% | 23.9% | ||
| Insurance Component | 0.7% | 0.7% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 25.5% | 25.0% | 24.7% | ||
| Transparency Index | 57 | 58 | 58 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
