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Institution

Muthoot Fincorp Ltd 5th Floor, Muthoot TowersMG RoadErnakulam, KeralaPO Box 682035
Data approved: 2013-01-18
Data version: 1
Age of data: 139 months

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 135 months
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Product

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Product Summary

Number borrowers331,892
Loan Amount (range)INR 10,000 - 20,000
Loan Term (range)12
Other Services (text summary)
Annual Interest & Method26.0% annual, Decl Bal
Fees1.00% upfront
Insurance0.40% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 26.6%
Fee Component1.1% - 2.1%
Insurance Component0.4% - 0.8%
Tax Component Range0.2% - 0.3%
Full APR (int fee ins tax dep)27.5% - 29.8%
Transparency Index (min/max)87 - 95
Transparency Index (average)90

Product Summary

1,342
TZS 50,000 - 2,000,000
3 - 12
Business Training
30.00% annual, Flat
2 fees
1.00% upfront
None
10.00% upfront
 
40.4% - 49.9%
2.4% - 9.2%
1.4% - 3.8%
0
68.7% - 75.8%
36 - 44
41

Product Details

Key Statistics
Outstanding portfolio (INR)INR 2,601,408,238
Portfolio (USD)USD 49,083,174.30
Active Clients with Loans331,892
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Muthoot Mahila Mitra loan follows the Joint Liability Group (JLG) model. Loan amount ranges from Rs.10,000 to 20,000 with a loan tenure ranging from 52 to 104 weeks.The pricing norms are in line with RBI. Target group is economically active women.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
Womenx
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)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveGujarat, Karnataka, Kerala, Tamil Nadu

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 323,656,000
Portfolio (USD)USD 203,557.23
Active Clients with Loans1,342
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A community banking product designed to provide credit services to micro-entrepreneurs who are in groups of 5-25 persons.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product5
Regions ActiveArusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00090%
INR 15,000-25,00010%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period12.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00030%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months60%
Between 7 and 9 months20%
Between 10 and 12 months15%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min0.40%
% of loan amount - max0.40%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionRegistration FeeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min03,000
Fixed amount - max03,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Fund
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited2.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
On each installment payment customers have to make additional 2% as savings

Full Pricing Data

Muthoot Mahila Mitra samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 12,000INR 15,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-06-222012-11-102012-08-252012-10-22
Loan Term (Months)12.0 months12.0 months12.0 months24.0 months
Grace Period (Months)-0.1 months0.1 months0.1 months0.1 months
Total Cost of CreditINR 1,540.36INR 1,858.83INR 2,336.54INR 5,992.72
True Price by Comp       
Interest price component26.6%26.0%26.2%25.8%
Fee Component2.1%2.1%2.0%1.1%
Insurance Component0.8%0.8%0.8%0.4%
Tax Component0.3%0.2%0.3%0.2%
Deposit Component0.0%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 Index87898995
MFIN Transparency Index9810099100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Jamii Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 200,000TZS 300,000TZS 500,000TZS 1,500,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)31234
Disbursement Date2013-01-112013-01-112013-02-082013-01-282013-01-28
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 37,000TZS 54,000TZS 88,000TZS 258,000TZS 343,000
True Price by Comp         
Interest price component49.9%49.9%49.6%49.1%49.1%
Fee Component9.2%7.3%5.8%4.4%4.2%
Insurance Component3.8%3.8%3.7%3.6%3.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.9%12.5%12.3%11.8%11.7%
Full APR (int fee ins tax dep)75.8%73.5%71.4%68.9%68.7%
Transparency Index4041424444
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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Key Statistics
# 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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