Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2000 |
Head of Institution | Sanja Tiwari |
Regions active | |
# Branches | 1 |
Total Portfolio (nat'l) | INR 20,329,000 |
Total Portfolio (USD) | USD 383,566.04 |
Active clients with loans | 1,539 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | INR 5,000 - 12,000 | 12 | 80% - 100% | 40% - 60% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Agricultural Loan | INR 5,000 - 12,000 | 6 | 80% - 100% | 0% - 20% | Business, Can ONLY be used for working capital | Women, Agricutual needs and working capital | Credit Educ, Group Mtgs, Credit Ins |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | 0% | 37.5% - 43.6% | 38.6% - 44.8% | N/A | ||||||||||
Agricultural Loan | 0% | 27.6% - 27.9% | 29% - 29.3% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Business Loan | 18.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 37.5% - 43.6% | 38.6% - 44.8% | 43 | ||||||||
Agricultural Loan | 18.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 27.6% - 27.9% | 29% - 29.3% | 61 |
Outstanding portfolio (USD) | USD 10,293,531 |
Portfolio (USD) | USD 10,293,531 |
Active Clients with Loans | 6,640 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
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 | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 18 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Phnom Penh, Sihanoukville, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 10,000 |
Loans less than USD 250 | 5% |
USD 250-1,000 | 5% |
USD 1,000-1,500 | 15% |
USD 1,500-2,000 | 10% |
USD 2,000-2,500 | 15% |
Greater than USD 2,500 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 20.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 30% |
Longer than 18 months | 30% |
Grace period usage | 0 |
Average grace period | 0 |
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 | 1.80% |
Highest quoted nominal interest | 3.10% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 3,000 | USD 600 | USD 1,200 | USD 1,800 | USD 2,500 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-06-17 | 2013-03-26 | 2013-04-08 | 2012-08-29 | 2013-02-21 | ||||
Loan Term (Months) | 24.0 months | 19.0 months | 25.0 months | 25.0 months | 24.0 months | ||||
Grace Period (Months) | 0.0 months | 0.9 months | 0.3 months | 0.4 months | -0.1 months | ||||
Total Cost of Credit | USD 676.34 | USD 165.74 | USD 398.27 | USD 491.82 | USD 587.98 | ||||
True Price by Comp | |||||||||
Interest price component | 21.5% | 31.9% | 30.8% | 25.3% | 22.6% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 21.5% | 31.9% | 30.8% | 25.3% | 22.6% | ||||
Transparency Index | 100 | 68 | 70 | 85 | 96 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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