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Institution
Data approved: 2011-01-23
Data version: 1
Age of data: 168 months
Key Statistics
| Outstanding portfolio (INR) | INR 14,160,506.44 |
| Portfolio (USD) | USD 267,179.37 |
| Active Clients with Loans | 713 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
This loan is given to womens in group of 4 to 6 with minimum of 2 to max of 5 such group per center. The women should be involved in livelihoods like dairy,powerloom,handloom,small businesses etc
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| 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 | x |
| Must own a home or land | x |
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | INR |
| Minimum loan size | INR 18,750 |
| Maximum loan size | 24,750 |
Distribution at Disbursement (Est.)
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 100% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 18.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 27.00% |
| Highest quoted nominal interest | 27.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 350 |
| Fixed amount - max | 600 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Insurance Fee (Voluntary) including Spouse (including Service Tax) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 190 |
| Fixed amount - max | 240 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/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 deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
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
The insurance is not a credit shield but a term life insurnace policy offered to both the customer & the spouse. The sum assured is constant throughout the loan period & is taken as the 2K+ the loan amount. The processing fee varies from 1.82 to 2.5 % based on the loan amount.
Full Pricing Data
High Ticket livelihood Group Loan Product samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | INR 18,750 | | INR 18,750 | | INR 21,750 | | INR 24,750 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | Not Known | | Not Known |
| Disbursement Date | 2010-12-04 | | 2010-12-10 | | 2010-12-11 | | 2010-12-11 |
| Loan Term (Months) | 18.0 months | | 16.8 months | | 24.0 months | | 24.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 29.4% | | 30.1% | | 29.7% | | 29.7% |
| Insurance Component | 1.6% | | 1.7% | | 1.1% | | 1.1% |
| 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) | 31.0% | | 31.8% | | 30.8% | | 30.8% |
| MFIN MFI Earning (Annualised) | 29.4% | | 30.1% | | 29.7% | | 29.7% |
| MFIN Cost to Borrower (Annualised) | 31.0% | | 31.8% | | 30.8% | | 30.8% |
| Transparency Index | 87 | | 85 | | 88 | | 88 |
| MFIN Transparency Index | N/A | | N/A | | N/A | | N/A |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
* The APR stated here is an MFTransparency term, definition and formula
High Ticket livelihood Group Loan Product Price Graphs
