2. Utkarsh
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. DSPI
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 140 months
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Institution

Daan sa Pag-Unlad, Inc. 17 Gallardo St.CataningBalanga City, Bataan2100
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

Utkarsh Kiran Product 3 of 4 « Prev | Next »

Product

Individual Loan Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers13,584
Loan Amount (range)INR 18,000 - 25,000
Loan Term (range)24
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits
Annual Interest & Method25.9% annual, Decl Bal
Fees0.88% upfront
Insurance1.00% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.6% - 28.8%
Fee Component0.9% - 1.7%
Insurance Component1.1% - 2.0%
Tax Component Range0.1% - 0.3%
Full APR (int fee ins tax dep)28.0% - 28.3%
Transparency Index (min/max)88 - 93
Transparency Index (average)92

Product Summary

288
PHP 10,000 - 150,000
6
Credit Ins, Business Training, Formation Program, Provision of Social Services (medical mission, etc.)
32.0% annual, Flat
4.00% upfront 10.00% ongoing
370.00 upfront
None
5.0% upfront 50.00 ongoing
 
N/A
81.4% - 88.1% (Int+Fee)
1.1% - 29.7%
0
93.9% - 137.1%
23 - 61
29

Product Details

Key Statistics
Outstanding portfolio (INR)INR 233,063,070
Portfolio (USD)USD 4,397,416.42
Active Clients with Loans13,584
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan is provided to women borrower. The loan size ranges between INR 18,000-25,000 under joint liability structure.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherClient age must be between 21 to 55.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveBihar, Uttar Pradesh

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 3,018,000
Portfolio (USD)USD 72,200.96
Active Clients with Loans288
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit extended to members for income-generating activities
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 trainingx
Other training
OtherFormation Program
Other (2)Provision of Social Services (medical mission, etc.)
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 18,000
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,000100%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 10,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.94%
Highest quoted nominal interest25.94%
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 - min0.88%
% of loan amount - max0.88%
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
DescriptionInsurance 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 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

Pricing Information

Interest
Lowest quoted nominal interest32.00%
Highest quoted nominal interest32.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min4.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionLoan Liquidity Fund
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Upfront Insurance Fees
Ins 1
DescriptionCredit-Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min370
Fixed amount - max370
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
CBU withdrawals allowed as long as within the 3% maintaining balance. Weekly CBU deposited is based on loan amount (P5-3) Interest on savings computed upon resignation. Insurance: member has option to insure family members. Pondong Damayan: P1 to be replenished if a client dies

Full Pricing Data

Utkarsh Kiran samples
Sample 1Sample 2Sample 3
Loan AmountINR 18,000INR 22,500INR 25,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-052013-02-072013-02-04
Loan Term (Months)24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 5,570.65INR 6,920.81INR 7,740.90
True Price by Comp     
Interest price component25.9%25.8%26.1%
Fee Component0.9%1.0%1.0%
Insurance Component1.1%1.1%1.1%
Tax Component0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.0%28.0%28.3%
MFIN MFI Earning (Annualised)26.8%26.8%27.1%
MFIN Cost to Borrower (Annualised)28.0%28.0%28.3%
Transparency Index929392
MFIN Transparency Index10010099
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 10,000PHP 30,000PHP 50,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)111493
Disbursement Date2011-07-252011-09-142011-05-162011-07-052011-08-22
Loan Term (Months)5.8 months5.8 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component87.1%87.1%87.1%88.1%81.4%
Insurance Component14.6%4.8%2.9%1.6%1.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component35.4%19.0%15.2%13.8%11.4%
Full APR (int fee ins tax dep)137.1%110.8%105.2%103.5%93.9%
Transparency Index2329303134
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Utkarsh Kiran Price Graphs


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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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