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 |
15,774 |
COP 535,600 - 38,625,000 |
6 - 60 |
Credit Ins |
16.8%-18.0% annual, Decl Bal |
2.00% upfront |
1.00% upfront |
None |
52,000.00 upfront |
N/A |
17.8% - 20.0% (Int+Fee) |
0 - 0.6% |
0 |
18.2% - 21.6% |
45 - 102 |
86 |
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 (COP) | COP 93,928,614,470 |
Portfolio (USD) | USD 51,609,128.83 |
Active Clients with Loans | 15,774 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | 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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
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 | COP |
Minimum loan size | COP 535,600 |
Maximum loan size | 38,625,000 |
Shortest loan term | 6.0 months |
Longest loan term | 60.0 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 | x |
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 | 16.80% |
Highest quoted nominal interest | 18.00% |
Reason(s) why interest rate varies | Branch, Client Risk, Plazo del crédito |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Fondo de Desarrollo Institucional |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Fondo de Desarrollo Institucional |
% 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 52,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | COP 1,182,126 | COP 3,841,724 | COP 7,196,321 | COP 14,433,432 | COP 27,712,171 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-05-02 | 2011-05-02 | 2011-03-30 | 2011-02-21 | 2011-02-26 | ||||
Loan Term (Months) | 24.0 months | 36.0 months | 60.0 months | 60.0 months | 60.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 20.0% | 17.8% | 18.9% | 19.0% | 19.0% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 1.6% | 0.4% | 0.2% | 0.1% | 0.1% | ||||
Full APR (int fee ins tax dep) | 21.6% | 18.2% | 19.1% | 19.1% | 19.0% | ||||
Transparency Index | 78 | 92 | 88 | 88 | 88 | ||||
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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