Number borrowers | 688,874 |
Loan Amount (range) | INR 6,000 - 50,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Training, Life Insurance |
Annual Interest & Method | 24.0%-25.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 120.00-200.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 23.3% - 26.9% |
Fee Component | 0 - 1.9% |
Insurance Component | 0 - 6.8% |
Tax Component Range | 0 - 0.3% |
Full APR (int fee ins tax dep) | 26.7% - 28.2% |
Transparency Index (min/max) | 69 - 103 |
Transparency Index (average) | 87 |
24,027 |
KHR 100,000 - 1,600,000 |
3 - 12 |
Credit Educ, Tech Asst Visits, Business Training, Other Training, Social training ( health, nutrition, domestic violence, waste management) |
42.0% annual, Decl Bal |
4,000.00-32,000.00 upfront |
None |
None |
N/A |
38.4% - 42.4% |
3.1% - 15.4% |
0 |
0 |
45.6% - 52.4% |
73 - 94 |
88 |
Outstanding portfolio (INR) | INR 6,336,899,594 |
Portfolio (USD) | USD 119,564,143.30 |
Active Clients with Loans | 688,874 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Financial Literacy Training |
Other (2) | Life Insurance |
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 | x |
Must live in rural area | |
Must lives in urban area | |
Other | Can be used for spouses/son's business |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 20 |
Regions Active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
Outstanding portfolio (KHR) | KHR 12,973,567,100 |
Portfolio (USD) | USD 3,284,447.37 |
Active Clients with Loans | 24,027 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Social training ( health, nutrition, domestic violence, waste management) |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 15 |
# Regions for this product | 15 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, KepKratié, Phnom Penh, Pursat, Prey VengSiem Reap, Takéo |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 80% |
INR 15,000-25,000 | 20% |
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 | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 20% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KHR |
Minimum loan size | KHR 100,000 |
Maximum loan size | 1,600,000 |
Loans less than KHR 1,000,000 | 60% |
KHR 1,000,000-3,500,000 | 40% |
KHR 3,500,000-6,000,000 | 0 |
KHR 6,000,000-8,000,000 | 0 |
KHR 8,000,000-10,000,000 | 0 |
Greater than KHR 10,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 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 | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Time as Client |
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 Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 120 |
Fixed amount - max | 200 |
Reason for variation | Insurance cover customer & spouse for a year. |
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 | 3.50% |
Highest quoted nominal interest | 3.50% |
Interest rate period | Monthly |
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 | 4,000 |
Fixed amount - max | 32,000 |
Reason for variation | Loans <400,000 Pay KHR 4000. Loans > 400,000 = 2% of the loan. |
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 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 9,000 | INR 18,000 | INR 30,000 | INR 40,000 | INR 50,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | 2013-04-18 | 2013-04-18 | ||||
Loan Term (Months) | 13.0 months | 25.0 months | 25.0 months | 25.0 months | 25.0 months | ||||
Grace Period (Months) | 0.6 months | 1.1 months | 0.8 months | 0.8 months | 0.8 months | ||||
Total Cost of Credit | INR 1,533.79 | INR 4,165 | INR 6,618.92 | INR 9,070.44 | INR 11,186.80 | ||||
True Price by Comp | |||||||||
Interest price component | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | ||||
Fee Component | 1.8% | 1.4% | 1.4% | 1.4% | 1.4% | ||||
Insurance Component | 2.4% | 2.4% | 1.5% | 2.1% | 1.7% | ||||
Tax Component | 0.3% | 0.2% | 0.1% | 0.2% | 0.2% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
MFIN MFI Earning (Annualised) | 25.5% | 25.1% | 25.1% | 25.1% | 25.1% | ||||
MFIN Cost to Borrower (Annualised) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
Transparency Index | 85 | 87 | 90 | 88 | 89 | ||||
MFIN Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
KHR 800,000 | Real | 2014-12-04 | 5.0 months | N/A | KHR 101,700 | 50.9% | 42.4% | 8.5% | 0.0% | 0.0% | 0.0% | 83 | ||
KHR 800,000 | Generated | 2015-01-01 | 4.8 months | N/A | KHR 96,640 | 50.2% | 41.3% | 8.9% | 0.0% | 0.0% | 0.0% | 84 | - | |
KHR 1,100,000 | Real | 2014-12-04 | 10.0 months | N/A | KHR 237,200 | 46.8% | 41.9% | 4.9% | 0.0% | 0.0% | 0.0% | 90 | ||
KHR 1,100,000 | Generated | 2015-01-01 | 9.9 months | N/A | KHR 228,697.53 | 46.3% | 41.3% | 5.0% | 0.0% | 0.0% | 0.0% | 91 | - | |
KHR 100,000 | Generated | 2015-01-01 | 8.9 months | N/A | KHR 21,042.92 | 52.4% | 41.3% | 11.1% | 0.0% | 0.0% | 0.0% | 80 | - | |
KHR 115,000 | Generated | 2015-01-01 | 11.9 months | N/A | KHR 29,638.70 | 48.9% | 41.3% | 7.6% | 0.0% | 0.0% | 0.0% | 86 | - | |
KHR 540,000 | Generated | 2015-01-01 | 8.9 months | N/A | KHR 102,831.78 | 46.8% | 41.3% | 5.5% | 0.0% | 0.0% | 0.0% | 90 | - | |
KHR 621,000 | Generated | 2015-01-01 | 11.9 months | N/A | KHR 150,868.97 | 45.6% | 41.3% | 4.3% | 0.0% | 0.0% | 0.0% | 92 | - | |
KHR 720,000 | Generated | 2015-01-01 | 11.9 months | N/A | KHR 174,920.55 | 45.6% | 41.3% | 4.3% | 0.0% | 0.0% | 0.0% | 92 | - | |
KHR 1,600,000 | Generated | 2015-01-01 | 11.9 months | N/A | KHR 388,712.33 | 45.6% | 41.3% | 4.3% | 0.0% | 0.0% | 0.0% | 92 | - |
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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