Number borrowers | 212,667 |
Loan Amount (range) | INR 6,000 - 35,000 |
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% - 29.3% |
Transparency Index (min/max) | 69 - 103 |
Transparency Index (average) | 86 |
10,468 |
KHR 500,000 - 6,000,000 |
3 - 12 |
Credit Educ, Group Mtgs |
31.2%-36.0% annual, Decl Bal |
0.50% upfront |
None |
None |
N/A |
27.1% - 36.0% |
0 - 1.8% |
0 |
0 |
33.0% - 37.5% |
74 - 106 |
88 |
Outstanding portfolio (INR) | INR 2,035,260,536 |
Portfolio (USD) | USD 38,401,142.19 |
Active Clients with Loans | 212,667 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
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 | |
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 (KHR) | KHR 27,888,636,900 |
Portfolio (USD) | USD 7,060,414.41 |
Active Clients with Loans | 10,468 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | For seasonal purpose only |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have regular income for eligible monthly interest payment |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 35,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 70% |
INR 15,000-25,000 | 30% |
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 | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 70% |
Between 13 and 18 months | 30% |
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 500,000 |
Maximum loan size | 6,000,000 |
Loans less than KHR 1,000,000 | 10% |
KHR 1,000,000-3,500,000 | 60% |
KHR 3,500,000-6,000,000 | 30% |
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 | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | DK |
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 covers customer and spouse up to Rs.35,000. It is on annual basis. |
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 | 2.60% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Client Risk |
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 | Administration Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
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 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 22,000 | INR 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | ||
Loan Term (Months) | 12.0 months | 25.0 months | 25.0 months | ||
Grace Period (Months) | 0.1 months | 1.0 month | 0.8 months | ||
Total Cost of Credit | INR 1,641.36 | INR 4,912 | INR 6,621.08 | ||
True Price by Comp | |||||
Interest price component | 24.8% | 23.7% | 23.7% | ||
Fee Component | 1.9% | 1.4% | 1.4% | ||
Insurance Component | 2.4% | 2.0% | 1.5% | ||
Tax Component | 0.2% | 0.2% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.3% | 27.3% | 26.7% | ||
MFIN MFI Earning (Annualised) | 26.7% | 25.1% | 25.1% | ||
MFIN Cost to Borrower (Annualised) | 29.3% | 27.3% | 26.7% | ||
Transparency Index | 82 | 88 | 90 | ||
MFIN Transparency Index | 97 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KHR 500,000 | KHR 1,200,000 | KHR 2,500,000 | KHR 5,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-03-05 | 2013-04-03 | 2013-04-12 | 2013-01-31 | |||
Loan Term (Months) | 12.0 months | 4.4 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 10.6 months | 3.4 months | 11.0 months | 10.6 months | |||
Total Cost of Credit | KHR 177,000 | KHR 165,600 | KHR 852,400 | KHR 1,586,500 | |||
True Price by Comp | |||||||
Interest price component | 36.0% | 36.0% | 33.6% | 32.4% | |||
Fee Component | 0.6% | 1.5% | 0.6% | 0.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 36.6% | 37.5% | 34.2% | 33.0% | |||
Transparency Index | 85 | 83 | 91 | 94 | |||
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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