Number borrowers | 7,056 |
Loan Amount (range) | INR 16,000 - 50,000 |
Loan Term (range) | 23.9 - 24.3 |
Other Services (text summary) | Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 23.5% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 2.00% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 22.6% - 26.1% |
Fee Component | 1.0% - 2.2% |
Insurance Component | 2.1% - 2.3% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 26.0% - 29.5% |
Transparency Index (min/max) | 76 - 90 |
Transparency Index (average) | 83 |
192 |
COP 200,000 - 12,580,000 |
1 - 36 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Ruedas de Negocio |
24.0% annual, Decl Bal |
4.50%-7.50% upfront 5,000.00 upfront |
6.00% ongoing |
None |
N/A |
N/A |
30.5% - 40.3% (Int+Fee) |
0.7% - 0.8% |
0 |
31.2% - 41.0% |
59 - 81 |
69 |
Outstanding portfolio (INR) | INR 92,621,924 |
Portfolio (USD) | USD 1,747,583.47 |
Active Clients with Loans | 7,056 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
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 | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | |
Other (2) | |
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 | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Bihar, West Bengal |
Outstanding portfolio (COP) | COP 463,669,627 |
Portfolio (USD) | USD 254,763.53 |
Active Clients with Loans | 192 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Capital de Trabajo |
Other (2) | Compra de Activos |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Ruedas de Negocio |
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 | Codeudor con Finca Raiz |
Other (2) | Codeudor asalariado o independiente |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 16,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 80% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 23.9 months |
Longest loan term | 24.3 months |
Approx average | 24.0 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 | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | COP |
Minimum loan size | COP 200,000 |
Maximum loan size | 12,580,000 |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 15.0 months |
Grace period usage | 10% |
Average grace period | 6.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 23.46% |
Highest quoted nominal interest | 23.46% |
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? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | COMISION DE MICROCREDITO LEY 590 DEL 2000 | CIFIN | |
% of loan amount - min | 4.50% | 0 | |
% of loan amount - max | 7.50% | 0 | |
OR, Fixed amount - min | 0 | 5,000 | |
Fixed amount - max | 0 | 5,000 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Seguro |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 20,000 | INR 28,000 | INR 42,000 | INR 50,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-23 | 2012-11-06 | 2012-08-06 | 2012-03-06 | |||
Loan Term (Months) | 24.0 months | 25.0 months | 25.0 months | 24.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | 0.0 months | |||
Total Cost of Credit | INR 6,374.72 | INR 8,924.61 | INR 13,386.91 | INR 14,061.80 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 25.5% | 25.0% | 22.6% | |||
Fee Component | 1.1% | 1.0% | 1.0% | 1.1% | |||
Insurance Component | 2.2% | 2.2% | 2.1% | 2.1% | |||
Tax Component | 0.2% | 0.1% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.5% | 28.8% | 28.3% | 26.0% | |||
MFIN MFI Earning (Annualised) | 27.1% | 26.5% | 26.0% | 23.7% | |||
MFIN Cost to Borrower (Annualised) | 29.5% | 28.8% | 28.3% | 26.0% | |||
Transparency Index | 80 | 81 | 83 | 90 | |||
MFIN Transparency Index | 90 | 92 | 94 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,000,000 | COP 3,300,000 | COP 4,500,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-11 | 2011-02-11 | 2011-03-11 | ||
Loan Term (Months) | 12.0 months | 15.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 40.3% | 32.2% | 30.5% | ||
Insurance Component | 0.8% | 0.7% | 0.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 41.0% | 32.9% | 31.2% | ||
Transparency Index | 59 | 73 | 77 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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