Please note that the information you are viewing is
170 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-10-25
Data version: 1
Age of data: 170 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1995 |
| Head of Institution | Alok Jain |
| Regions active | |
| # Branches | 1 |
| Total Portfolio (nat'l) | INR 8,922,941 |
| Total Portfolio (USD) | USD 168,357.38 |
| Active clients with loans | 1,650 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | |
1,650 Borrowers
USD 168,357.38 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| Long Term Loan for Entrepreneurship |
|
INR 4,000 - 12,000 |
|
11.5 |
|
80% - 100% |
|
40% - 60% |
|
Business |
|
Women, Have business |
|
Group Mtgs, Credit Ins |
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| Long Term Loan for Entrepreneurship |
|
0 |
|
39.6% - 40% |
|
41.8% - 44.7% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| Long Term Loan for Entrepreneurship |
|
18.0% annual, Flat |
|
0 Fees |
|
0 |
|
None |
|
N/A |
|
39.6% - 40% |
|
41.8% - 44.7% |
|
41 |
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
Institution
Data approved: 2013-04-29
Data version: 2
Age of data: 139 months
Key Statistics
| Outstanding portfolio (GHS) | GHS 15,000 |
| Portfolio (USD) | USD 7,614.21 |
| Active Clients with Loans | 52 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other | |
Description
Designed for groups of mainly rural women to access credit.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | must be in a group and in the community |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Northern Region |
Loan Conditions
Loan Amount
| Currency | GHS |
| Minimum loan size | GHS 120 |
| Maximum loan size | GHS 250 |
Distribution at Disbursement (Est.)
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 4.0 months |
| Approx average | 4.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| 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 interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Pass Book Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1 |
| Fixed amount - max | 1 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | GHS 1 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Savings amount can be higher than GHS 1 per week, if group/borrower choses.
Full Pricing Data
Microfinance Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
|---|
| Loan Amount | GHS 150 | | GHS 200 | | GHS 400 |
| Loan Cycle (1, 2, 3, etc) | 5 | | 5 | | 5 |
| Disbursement Date | 2013-03-19 | | 2013-03-19 | | 2013-03-19 |
| Loan Term (Months) | 3.7 months | | 3.7 months | | 3.7 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | GHS 16 | | GHS 21 | | GHS 41 |
| True Price by Comp | | | | | |
| Interest price component | 59.4% | | 59.4% | | 59.4% |
| Fee Component | 4.2% | | 3.1% | | 1.5% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 5.9% | | 4.3% | | 2.1% |
| Full APR (int fee ins tax dep) | 69.5% | | 66.8% | | 63.0% |
| Transparency Index | 43 | | 45 | | 48 |
| | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF |
Microfinance Loan Price Graphs
