Number borrowers | 21,038 |
Loan Amount (range) | INR 5,000 - 30,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 25.0%-26.7% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.70% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.8% - 27.3% |
Fee Component | 2.1% - 2.3% |
Insurance Component | 1.5% - 1.6% |
Tax Component Range | 0.3% |
Full APR (int fee ins tax dep) | 30.9% - 31.5% |
Transparency Index (min/max) | 79 - 84 |
Transparency Index (average) | 80 |
500 |
COP 300,000 - 2,000,000 |
3 - 24 |
Credit Educ, Credit Ins, Tech Asst Visits |
12.0% annual, Decl Bal |
4.50% upfront |
2,000.00-15,000.00 upfront 1,000.00 ongoing |
None |
N/A |
N/A |
16.6% - 21.1% (Int+Fee) |
1.0% - 5.3% |
0 |
18.8% - 26.1% |
46 - 94 |
53 |
Outstanding portfolio (INR) | INR 162,845,583 |
Portfolio (USD) | USD 3,072,558.17 |
Active Clients with Loans | 21,038 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other | Joint Liability Group |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | 3 Out of 5 members should have own house in a group |
Other (2) | Age should be above 18 and upto 58 |
# Regions for this institution | 5 |
# Regions for this product | 3 |
Regions Active | Andhra Pradesh, Orissa, Tamil Nadu |
Outstanding portfolio (COP) | COP 625,000,000 |
Portfolio (USD) | USD 343,406.59 |
Active Clients with Loans | 500 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 30,000 |
Loans less than INR 5,000 | 5% |
INR 5,000-15,000 | 90% |
INR 15,000-25,000 | 5% |
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 | 24.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 40% |
Longer than 18 months | 0 |
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 | COP |
Minimum loan size | COP 300,000 |
Maximum loan size | 2,000,000 |
Loans less than COP 5,000,000 | 100% |
COP 5,000,000-20,000,000 | 0 |
COP 20,000,000-35,000,000 | 0 |
COP 35,000,000-50,000,000 | 0 |
COP 50,000,000-65,000,000 | 0 |
Greater than COP 65,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 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 | 25.00% |
Highest quoted nominal interest | 26.72% |
Reason(s) why interest rate varies | Loan Size, Changes in Interest rates are due to competition, company performance and regulation |
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 | 0.70% |
% of loan amount - max | 0.70% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | 1.00% |
Highest quoted nominal interest | 1.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Mipye |
% of loan amount - min | 4.50% |
% of loan amount - max | 4.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Seguro de Vida: 5000 POR MILLON POR AÃO |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 2,000 |
Fixed amount - max | 15,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Fondo de Solidaridad |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 1,000 |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 15,000 | INR 12,000 | INR 12,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-09-06 | 2012-09-25 | 2012-09-06 | 2012-09-06 | |||
Loan Term (Months) | 11.0 months | 11.0 months | 11.0 months | 11.0 months | |||
Grace Period (Months) | -0.3 months | -0.3 months | -0.3 months | -0.3 months | |||
Total Cost of Credit | INR 1,507.36 | INR 2,298.54 | INR 1,818.83 | INR 1,818.83 | |||
True Price by Comp | |||||||
Interest price component | 27.3% | 27.2% | 26.8% | 26.8% | |||
Fee Component | 2.3% | 2.2% | 2.3% | 2.3% | |||
Insurance Component | 1.6% | 1.5% | 1.5% | 1.5% | |||
Tax Component | 0.3% | 0.3% | 0.3% | 0.3% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 31.5% | 31.2% | 30.9% | 30.9% | |||
MFIN MFI Earning (Annualised) | 29.6% | 29.4% | 29.1% | 29.1% | |||
MFIN Cost to Borrower (Annualised) | 31.5% | 31.2% | 30.9% | 30.9% | |||
Transparency Index | 79 | 80 | 81 | 81 | |||
MFIN Transparency Index | 92 | 92 | 93 | 93 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 500,000 | COP 1,300,000 | COP 2,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-04 | 2011-04-25 | 2011-03-04 | ||
Loan Term (Months) | 12.0 months | 24.0 months | 24.0 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 | 20.7% | 21.1% | 16.6% | ||
Insurance Component | 5.3% | 3.1% | 2.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 26.1% | 24.2% | 18.8% | ||
Transparency Index | 46 | 50 | 64 | ||
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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