Number borrowers | 1,130 |
Loan Amount (range) | INR 7,000 - 10,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Credit Educ, Credit Ins, Business Training, Other Training |
Annual Interest & Method | 15.0% annual, Flat |
Fees | 100.00 upfront |
Insurance | 100.00-200.00 upfront |
Tax | None |
Comp Dep | 500.00 upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 31.5% (Int+Fee) |
Insurance Component | 4.4% - 5.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.5% |
Transparency Index (min/max) | 36 - 38 |
Transparency Index (average) | 38 |
3,408 |
USD 100 - 10,000 |
6 - 24 |
26.0%-37.0% annual, Decl Bal |
2.00%-3.00% upfront |
None |
None |
N/A |
21.8% - 38.4% |
1.5% - 7.1% |
0 |
0 |
32.6% - 40.7% |
57 - 94 |
71 |
Outstanding portfolio (INR) | INR 1,963,159 |
Portfolio (USD) | USD 37,040.74 |
Active Clients with Loans | 1,130 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 4,924,783.33 |
Portfolio (USD) | USD 4,924,783.33 |
Active Clients with Loans | 3,408 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 8 |
# Regions for this product | 8 |
Regions Active | Absheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan |
Currency | INR |
Minimum loan size | INR 7,000 |
Maximum loan size | 10,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 10,000 |
Loans less than USD 1,500 | 40% |
USD 1,500-5,000 | 60% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 50% |
Longer than 18 months | 0 |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 15.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | INR 500 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 37.00% |
Reason(s) why interest rate varies | Branch, Loan Size |
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 | Commission Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | The variation is due to loan term. 2% on the term upto 12 months and 3% on higher than 12 months |
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? | No |
Sample 1 | |
---|---|
Loan Amount | INR 10,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-03-31 |
Loan Term (Months) | 11.7 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 31.5% |
Insurance Component | 4.4% |
Tax Component | 0 |
Deposit Component | 3.6% |
Full APR (int fee ins tax dep) | 39.5% |
MFIN MFI Earning (Annualised) | 31.5% |
MFIN Cost to Borrower (Annualised) | 39.5% |
Transparency Index | 38 |
MFIN Transparency Index | N/A |
Original Repayment Schedule | |
MFT Pricing Calculation |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
USD 100 | Generated | 2014-10-01 | 10.0 months | 0.0 months | USD 17.49 | 37.3% | 32.6% | 4.7% | 0.0% | 0.0% | 0.0% | 70 | - | |
USD 115 | Generated | 2014-10-01 | 12.1 months | 0.0 months | USD 20.71 | 32.7% | 26.7% | 6.0% | 0.0% | 0.0% | 0.0% | 80 | - | |
USD 1,200 | Generated | 2014-10-01 | 12.1 months | 0.0 months | USD 217.96 | 32.6% | 28.7% | 3.9% | 0.0% | 0.0% | 0.0% | 80 | - | |
USD 1,380 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 438.05 | 37.8% | 33.5% | 4.3% | 0.0% | 0.0% | 0.0% | 69 | - | |
USD 3,000 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 976.82 | 38.3% | 35.5% | 2.8% | 0.0% | 0.0% | 0.0% | 68 | - | |
USD 3,450 | Generated | 2014-10-01 | 18.1 months | 0.0 months | USD 1,189.37 | 40.7% | 36.5% | 4.2% | 0.0% | 0.0% | 0.0% | 64 | - |
Key Statistics | |
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# 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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