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: 2010-10-25
Data version: 1
Age of data: 168 months
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 | |
1,145 Borrowers
USD 93,542.70 Portfolio
Active Product
35 Borrowers
USD 5,567.55 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products
Loan Products » Conditions
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 |
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 |
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 |
Loan Products » Pricing Information
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 |
Please note that the information you are viewing is
137 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: 2013-03-26
Data version: 2
Age of data: 137 months
Key Statistics
Outstanding portfolio (GHS) | GHS 77,200 |
Portfolio (USD) | USD 39,187.82 |
Active Clients with Loans | 102 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Designed for farmers in livestock and vegetable production to puchase farm equipment - tractors, irrigation pumps, seedlings, and other farm inputs. Loan ranges between GHS 400-15000 and repayment period is between 4-24 months.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Used for agricultural purposes |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Health Education |
Other (2) | Technology Management |
No other services | |
Eligibility
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 | Must own a farm or animals, fish, etc. |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Volta Region |
Loan Conditions
Loan Amount
Currency | GHS |
Minimum loan size | GHS 400 |
Maximum loan size | 15,000 |
Distribution at Disbursement (Est.)
Loans less than GHS 1,000 | 40% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 10% |
GHS 7,500-10,000 | 15% |
GHS 10,000-13,000 | 5% |
Greater than GHS 13,000 | 5% |
Loan Term and Grace Period
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 14.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace Period
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | x |
Pricing Information
Interest
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Processing Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 15.00% - 30.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compuslory deposit - if the client is purchasing a tractor then deposit requirement is 30% deposit. If loan is smaller in size, e.g. for purchasing equipment or seedlings then deposit requirement is 15-20%.
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | GHS 800 | | GHS 1,500 | | GHS 3,000 | | GHS 5,500 | | GHS 6,000 | | GHS 14,500 |
Loan Cycle (1, 2, 3, etc) | 1 | | 2 | | 3 | | 3 | | 3 | | 3 |
Disbursement Date | 2013-01-28 | | 2012-12-28 | | 2012-12-27 | | 2013-04-16 | | 2013-01-24 | | 2013-04-16 |
Loan Term (Months) | 3.0 months | | 6.0 months | | 4.7 months | | 5.4 months | | 5.6 months | | 9.0 months |
Grace Period (Months) | 0.2 months | | 0.2 months | | 0.5 months | | 0.2 months | | 0.5 months | | 0.2 months |
Total Cost of Credit | GHS 128 | | GHS 408 | | GHS 732 | | GHS 1,562 | | GHS 1,704.10 | | GHS 6,496.30 |
True Price by Comp | | | | | | | | | | | |
Interest price component | 79.8% | | 77.3% | | 85.9% | | 93.9% | | 86.6% | | 89.7% |
Fee Component | 29.3% | | 15.7% | | 19.4% | | 18.2% | | 16.7% | | 11.4% |
Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 35.0% | | 44.1% | | 46.5% | | 51.8% | | 39.3% | | 43.5% |
Full APR (int fee ins tax dep) | 144.1% | | 137.1% | | 151.8% | | 163.9% | | 142.6% | | 144.6% |
Transparency Index | 33 | | 35 | | 32 | | 29 | | 34 | | 33 |
| | | | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs