2. Ujjivan
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. D^Miro
Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ujjivan Financial Services Private Limited #93, Jakkasandra ExtensionSarjapur Main Cross Road, Koramangala 1st BlockBangalore, KarnatakaPO Box 56003
Data approved: 2012-12-18
Data version: 2
Age of data: 139 months
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Institution

BANCO D-MIRO S.A. Cooperativa Americo Vespucio II Manzana A Solar 8Guayaquil, GuayasN/A
Data approved: 2011-06-27
Data version: 1
Age of data: 163 months

Product

Education Loan Product 2 of 5 « Prev | Next »

Product

Microcrédito Individual Product 4 of 9 « Prev | Next »

Product Summary

Number borrowers5,676
Loan Amount (range)INR 5,000 - 15,000
Loan Term (range)12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Financial literacy training, Scholarships by Parinaam Foundation for deserving students.
Annual Interest & Method24.0%-25.0% annual, Decl Bal
Fees1.00% upfront
Insurance40.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component23.3% - 26.9%
Fee Component0 - 1.9%
Insurance Component0 - 6.8%
Tax Component Range0 - 0.3%
Full APR (int fee ins tax dep)26.3% - 28.3%
Transparency Index (min/max)69 - 103
Transparency Index (average)87

Product Summary

30,054
USD 400 - 20,000
10 - 36
Credit Ins
22.9%-26.9% annual, Decl Bal
0.60% ongoing
None
None
N/A
 
N/A
24.9% - 27.3% (Int+Fee)
0 - 14.3%
0
37.5% - 39.7%
0 - N/A
59

Product Details

Key Statistics
Outstanding portfolio (INR)INR 22,116,594
Portfolio (USD)USD 417,294.23
Active Clients with Loans5,676
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Education loan finances education expenses of existing Ujjivan customers children studying from LKG to 2nd PUC. The interest paid on this product is refunded to selected customers at the end of their loan cycle by sister NGO - Parinaam.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherFinancial literacy training
Other (2)Scholarships by Parinaam Foundation for deserving students.
No other services
Eligibility
Men
Womenx
Must run a business
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 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution20
# Regions for this product20
Regions ActiveAssam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry

Product Details

Key Statistics
Outstanding portfolio (USD)USD 21,578,604.36
Portfolio (USD)USD 21,578,604.36
Active Clients with Loans30,054
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es todo crédito concedido a un prestatario, destinado a financiar actividades de pequeña escala de producción, comercialización o servicios.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,00010%
INR 5,000-15,00090%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 400
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term36.0 months
Approx average11.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest25.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min40
Fixed amount - max40
Reason for variationInsurance covers customer & spouse up to Rs.12,000 for a year.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
The interest paid on the education loan is refunded to selected customer at the end of the loan tenor by our sister NGO, Parinaam.

Pricing Information

Interest
Lowest quoted nominal interest22.93%
Highest quoted nominal interest26.92%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionServicio de proteccio familiar en caso de fallecimiento del titular o conyuge, incapacidad total y permanente
% of loan amount - min0.60%
% of loan amount - max0.60%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
La tasa que cobramos por el servicio de protección familiar es de .595% mensual sobre el monto original del préstamo

Full Pricing Data

Education Loan samples
Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 10,000INR 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-192012-12-192013-04-24
Loan Term (Months)12.0 months13.0 months13.0 months
Grace Period (Months)0.2 months0.8 months0.7 months
Total Cost of CreditINR 788.18INR 1,677.36INR 1,729.36
True Price by Comp     
Interest price component23.8%23.3%23.7%
Fee Component1.9%1.7%1.8%
Insurance Component2.3%1.1%2.5%
Tax Component0.3%0.2%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.3%26.3%28.3%
MFIN MFI Earning (Annualised)25.7%25.0%25.5%
MFIN Cost to Borrower (Annualised)28.3%26.3%28.3%
Transparency Index859185
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Microcrédito Individual samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 350USD 7,000USD 950USD 7,992USD 1,900USD 3,900
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-10-192010-10-152010-10-302010-10-252010-10-252010-10-27
Loan Term (Months)5.0 months24.0 months12.0 months12.0 months18.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component27.2%24.9%27.3%24.9%27.3%24.9%
Insurance Component10.8%12.8%12.3%12.6%12.4%12.7%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.1%37.6%39.6%37.5%39.7%37.6%
Transparency Index606158615861
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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