Number borrowers | 154,956 |
Loan Amount (range) | INR 6,000 - 15,000 |
Loan Term (range) | 12 - 14 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits |
Annual Interest & Method | 25.9% annual, Decl Bal |
Fees | 0.88% upfront |
Insurance | 1.00% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.6% - 28.8% |
Fee Component | 0.9% - 1.7% |
Insurance Component | 1.1% - 2.0% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 29.4% - 29.6% |
Transparency Index (min/max) | 88 - 93 |
Transparency Index (average) | 88 |
6,296 |
KES 30,000 - 500,000 |
12 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Optional low-cost life insurance through CIC, KES 3290pa |
32.0% annual, Decl Bal |
1.00% upfront 500.00 upfront |
1.00%-2.00% upfront 4.00% upfront |
None |
15.0% upfront |
30.7% - 33.5% |
1.2% - 12.3% |
3.1% - 11.2% |
0 |
52.4% - 67.8% |
47 - 67 |
54 |
Outstanding portfolio (INR) | INR 1,134,408,127 |
Portfolio (USD) | USD 21,403,926.92 |
Active Clients with Loans | 154,956 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
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 | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
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 | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | Client age must be between 21 to 55. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 4 |
Regions Active | Bihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand |
Outstanding portfolio (KES) | KES 275,501,067 |
Portfolio (USD) | USD 3,327,307.57 |
Active Clients with Loans | 6,296 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Improve the structure used to house dairy cows |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Optional low-cost life insurance through CIC, KES 3290pa |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be a farmer |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nyanza, Rift Valley, Western |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 15,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
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 | 14.0 months |
Approx average | 14.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 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 | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 30,000 |
Maximum loan size | 500,000 |
Loans less than KES 50,000 | 80% |
KES 50,000-150,000 | 15% |
KES 150,000-250,000 | 5% |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 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 | 60% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
Grace period usage | 100% |
Average grace period | 2.0 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 | x |
Lowest quoted nominal interest | 25.94% |
Highest quoted nominal interest | 25.94% |
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 | 0.88% |
% of loan amount - max | 0.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance 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 |
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 | 32.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Changing all interest rates from 16% to 18% in Jan 2010 |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Registration Fee | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 1.00% | 0 | |
OR, Fixed amount - min | 0 | 500 | |
Fixed amount - max | 0 | 500 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Loan Insurance Fee | Livestock Insurance Fee | |
% of loan amount - min | 1.00% | 4.00% | |
% of loan amount - max | 2.00% | 4.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | 1% of the loan amount p.a | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 10,000 | INR 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-12 | 2013-04-23 | 2013-02-04 | ||
Loan Term (Months) | 14.0 months | 12.0 months | 14.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 1,770.36 | INR 1,720.36 | INR 2,655.54 | ||
True Price by Comp | |||||
Interest price component | 25.9% | 25.6% | 25.9% | ||
Fee Component | 1.6% | 1.7% | 1.6% | ||
Insurance Component | 1.9% | 1.8% | 1.9% | ||
Tax Component | 0.2% | 0.3% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 29.6% | 29.4% | 29.6% | ||
MFIN MFI Earning (Annualised) | 27.5% | 27.3% | 27.5% | ||
MFIN Cost to Borrower (Annualised) | 29.6% | 29.4% | 29.6% | ||
Transparency Index | 88 | 88 | 88 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 26,000 | KES 50,000 | KES 100,000 | KES 200,000 | KES 300,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-03-12 | 2013-03-12 | 2013-03-12 | 2013-05-30 | 2013-04-29 | ||||
Loan Term (Months) | 11.0 months | 11.0 months | 14.0 months | 24.0 months | 24.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | KES 6,740 | KES 12,501 | KES 29,179 | KES 87,149 | KES 130,474 | ||||
True Price by Comp | |||||||||
Interest price component | 33.4% | 33.4% | 33.5% | 31.7% | 31.8% | ||||
Fee Component | 6.2% | 4.2% | 2.6% | 1.3% | 1.2% | ||||
Insurance Component | 11.2% | 11.0% | 9.5% | 6.9% | 6.9% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 17.0% | 16.3% | 15.1% | 12.5% | 12.5% | ||||
Full APR (int fee ins tax dep) | 67.8% | 64.9% | 60.7% | 52.4% | 52.4% | ||||
Transparency Index | 47 | 49 | 53 | 61 | 61 | ||||
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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