Number borrowers | 331,892 |
Loan Amount (range) | INR 10,000 - 20,000 |
Loan Term (range) | 12 |
Other Services (text summary) | |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.40% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.8% - 26.6% |
Fee Component | 1.1% - 2.1% |
Insurance Component | 0.4% - 0.8% |
Tax Component Range | 0.2% - 0.3% |
Full APR (int fee ins tax dep) | 27.5% - 29.8% |
Transparency Index (min/max) | 87 - 95 |
Transparency Index (average) | 90 |
489 |
KES 50,000 - 300,000 |
3 - 24 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Insurance - optional |
22.0% annual, Flat |
1.00% upfront |
2.00% upfront |
None |
20.0% upfront 500.00 ongoing |
28.1% - 38.9% |
1.9% - 3.8% |
4.0% - 7.6% |
0 |
73.0% - 119.1% |
15 - 38 |
25 |
Outstanding portfolio (INR) | INR 2,601,408,238 |
Portfolio (USD) | USD 49,083,174.30 |
Active Clients with Loans | 331,892 |
Approximate % Female Clients | 100% |
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 | |
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 | |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Gujarat, Karnataka, Kerala, Tamil Nadu |
Outstanding portfolio (KES) | KES 54,650,456.25 |
Portfolio (USD) | USD 660,029.66 |
Active Clients with Loans | 489 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Only working capital |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Health Insurance - optional |
Other (2) | |
No other services |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Central, Eastern, Nairobi, Rift Valley, Western |
Currency | INR |
Minimum loan size | INR 10,000 |
Maximum loan size | 20,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 90% |
INR 15,000-25,000 | 10% |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 12.0 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | KES |
Minimum loan size | KES 50,000 |
Maximum loan size | 300,000 |
Loans less than KES 50,000 | 30% |
KES 50,000-150,000 | 70% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 10% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0.3 months |
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 |
Lowest quoted nominal interest | 26.00% |
Highest quoted nominal interest | 26.00% |
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 | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Credit Life Insurance |
% of loan amount - min | 0.40% |
% of loan amount - max | 0.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 500 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0.50% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 10,000 | INR 12,000 | INR 15,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-06-22 | 2012-11-10 | 2012-08-25 | 2012-10-22 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 24.0 months | |||
Grace Period (Months) | -0.1 months | 0.1 months | 0.1 months | 0.1 months | |||
Total Cost of Credit | INR 1,540.36 | INR 1,858.83 | INR 2,336.54 | INR 5,992.72 | |||
True Price by Comp | |||||||
Interest price component | 26.6% | 26.0% | 26.2% | 25.8% | |||
Fee Component | 2.1% | 2.1% | 2.0% | 1.1% | |||
Insurance Component | 0.8% | 0.8% | 0.8% | 0.4% | |||
Tax Component | 0.3% | 0.2% | 0.3% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 29.8% | 29.1% | 29.3% | 27.5% | |||
MFIN MFI Earning (Annualised) | 28.7% | 28.1% | 28.2% | 26.9% | |||
MFIN Cost to Borrower (Annualised) | 29.8% | 29.1% | 29.3% | 27.5% | |||
Transparency Index | 87 | 89 | 89 | 95 | |||
MFIN Transparency Index | 98 | 100 | 99 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 50,000 | KES 95,000 | KES 200,000 | KES 350,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-06-21 | 2013-07-12 | 2013-07-09 | 2013-07-17 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | KES 12,500 | KES 23,750 | KES 50,000 | KES 87,500 | |||
True Price by Comp | |||||||
Interest price component | 38.9% | 38.9% | 38.9% | 38.9% | |||
Fee Component | 2.1% | 2.0% | 2.0% | 2.0% | |||
Insurance Component | 4.1% | 4.2% | 4.2% | 4.2% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 74.0% | 45.4% | 32.3% | 27.9% | |||
Full APR (int fee ins tax dep) | 119.1% | 90.5% | 77.4% | 73.0% | |||
Transparency Index | 18 | 24 | 28 | 30 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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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