Please note that the information you are viewing is
166 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: 2011-01-23
Data version: 1
Age of data: 166 months
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1991 |
Head of Institution | Brahmanand Hegde |
Regions active | |
# Branches | 13 |
Total Portfolio (nat'l) | INR 130,679,313 |
Total Portfolio (USD) | USD 2,465,647.42 |
Active clients with loans | 11,673 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | |
713 Borrowers
USD 267,179.37 Portfolio
Active Product
3,661 Borrowers
USD 890,127.95 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
High Ticket livelihood Group Loan Product |
|
INR 18,750 - 24,750 |
|
18 - 24 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land |
|
Group Mtgs |
Standard Ticket Loan |
|
INR 12,850 - 15,250 |
|
18 |
|
80% - 100% |
|
0% - 20% |
|
Business, Housing, Education |
|
Women, Have business, Have home or land, Min 2 members per group to have own house or shop |
|
|
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 |
High Ticket livelihood Group Loan Product |
|
0% |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
|
|
|
|
|
|
N/A |
Standard Ticket Loan |
|
0% |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
High Ticket livelihood Group Loan Product |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
29.4% - 30.1% |
|
30.8% - 31.8% |
|
87 |
Standard Ticket Loan |
|
27.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
30.2% - 30.3% |
|
31% - 32.1% |
|
85 |
Please note that the information you are viewing is
168 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: 2010-11-08
Data version: 1
Age of data: 168 months
Key Statistics
Outstanding portfolio (USD) | USD 2,021,763 |
Portfolio (USD) | USD 2,021,763 |
Active Clients with Loans | 1,076 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Es un crédito de libre disponibilidad; cuyas garantías son sobre firmas; por primera vez puede acceder hasta USD 2000 y en forma progresiva hasta USD 5000.
Loan Purpose
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Asesoría administración del dinero |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Si el deudor no es propietario de una casa, el garante sí requiere tener una casa. |
Other (2) | Pueden acceder personas desde los 18 años de edad en adelante. |
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 | USD |
Minimum loan size | USD 100 |
Maximum loan size | 5,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 13.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
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 | |
Pricing Information
Interest
Lowest quoted nominal interest | 14.00% |
Highest quoted nominal interest | 16.00% |
Reason(s) why interest rate varies | Cantidad de ingresos de la persona |
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 | Seguro de Desgravamen |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
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? | Yes |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 5 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 1.50% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Para nosotros el pago del ahorro en cada letra es una opción que tiene el socio de ahorrar, entonces el socio puede decidir ahorrar o no.Así también, el socio apenas paga la dividendo ahorra los 5$ con la letra, pero a la vez puede disponer inmediatamente del mismo, entonces no es un ahorro que se queda bloqueado.
Full Pricing Data
Crédito de consumo samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
---|
Loan Amount | USD 400 | | USD 1,000 | | USD 2,000 | | USD 4,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2010-08-28 | | 2010-08-24 | | 2010-07-09 | | 2010-07-19 |
Loan Term (Months) | 6.0 months | | 8.0 months | | 15.0 months | | 30.0 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 | 16.2% | | 16.2% | | 16.2% | | 16.4% |
Insurance Component | 3.3% | | 2.8% | | 1.6% | | 0.9% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 0.3% | | 0.1% | | 0.1% | | 0.0% |
Full APR (int fee ins tax dep) | 19.8% | | 19.2% | | 17.9% | | 17.3% |
Transparency Index | 71 | | 73 | | 78 | | 81 |
| | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Crédito de consumo Price Graphs