Number borrowers | 5,676 |
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 & Method | 24.0%-25.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 40.00 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) | 26.3% - 28.3% |
Transparency Index (min/max) | 69 - 103 |
Transparency Index (average) | 87 |
79,773 |
USD 1,000 - 20,000 |
6 - 49.7 |
Credit Ins |
19.0%-27.0% annual, Decl Bal |
None |
2.88%-2.94% upfront |
None |
N/A |
N/A |
24.2% - 27.0% (Int+Fee) |
1.9% - 3.5% |
0 |
26.2% - 30.5% |
62 - 73 |
66 |
Outstanding portfolio (INR) | INR 22,116,594 |
Portfolio (USD) | USD 417,294.23 |
Active Clients with Loans | 5,676 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Financial literacy training |
Other (2) | Scholarships by Parinaam Foundation for deserving students. |
No other services |
Men | |
Women | x |
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 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
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 (USD) | USD 221,716,874 |
Portfolio (USD) | USD 221,716,874 |
Active Clients with Loans | 79,773 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | 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 | 13 |
Regions Active | Azuay, Chimborazo, Cotopaxi, Esmeraldas, GuayasImbabura, Loja, Los RÃos, ManabÃ, Pichincha, Santa ElenaSanto Domingo de los Tsáchilas, Tungurahua |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 10% |
INR 5,000-15,000 | 90% |
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 | 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 | USD |
Minimum loan size | USD 1,000 |
Maximum loan size | 20,000 |
Loans less than USD 1,500 | 50% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 49.7 months |
Approx average | 24.3 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 40% |
Longer than 18 months | 60% |
Grace period usage | 90% |
Average grace period | 0.5 months |
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 | 40 |
Fixed amount - max | 40 |
Reason for variation | Insurance covers customer & spouse up to Rs.12,000 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 | 19.03% |
Highest quoted nominal interest | 27.02% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Plazo de Otorgamiento en función de la Tasa Efectiva |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Vida y Desgravamen |
% of loan amount - min | 2.88% |
% of loan amount - max | 2.94% |
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? | No |
Sample 2 | Sample 3 | Sample 4 | |||
---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 10,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-19 | 2012-12-19 | 2013-04-24 | ||
Loan Term (Months) | 12.0 months | 13.0 months | 13.0 months | ||
Grace Period (Months) | 0.2 months | 0.8 months | 0.7 months | ||
Total Cost of Credit | INR 788.18 | INR 1,677.36 | INR 1,729.36 | ||
True Price by Comp | |||||
Interest price component | 23.8% | 23.3% | 23.7% | ||
Fee Component | 1.9% | 1.7% | 1.8% | ||
Insurance Component | 2.3% | 1.1% | 2.5% | ||
Tax Component | 0.3% | 0.2% | 0.3% | ||
Deposit Component | 0.0% | 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 Index | 85 | 91 | 85 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 1,008.96 | USD 1,042.55 | USD 2,063.18 | USD 2,110.32 | USD 4,183.22 | USD 4,210.42 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-08-27 | 2011-08-04 | 2010-09-09 | 2011-08-20 | 2010-07-14 | 2011-06-30 | |||||
Loan Term (Months) | 18.7 months | 12.0 months | 24.0 months | 18.0 months | 36.0 months | 18.0 months | |||||
Grace Period (Months) | 0.0 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 | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 27.0% | 26.9% | 26.7% | 26.8% | 24.2% | 24.2% | |||||
Insurance Component | 3.5% | 3.1% | 2.8% | 3.1% | 1.9% | 3.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 30.5% | 30.0% | 29.5% | 30.0% | 26.2% | 27.3% | |||||
Transparency Index | 62 | 63 | 64 | 64 | 73 | 70 | |||||
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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