2. Mpower
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. ProCredit
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

M Power Micro Finance Pvt Ltd 3 , Sai Santosh ComplexNear Harinagar Water Tank , Gotri RoadVadodara, Gujarat390021
Data approved: 2013-05-11
Data version: 1
Age of data: 139 months

Institution

Banco ProCredit SA Atahualpa y Amazonas esquinaQuito, Pichincha
Data approved: 2011-11-01
Data version: 1
Age of data: 170 months

Product

Hariyali Cattle Loan Product 2 of 2 « Prev | Next »

Product

Crédito para microempresa Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers8,905
Loan Amount (range)INR 15,000 - 15,000
Loan Term (range)12
Other Services (text summary)Group Mtgs, Credit Ins
Annual Interest & Method27.0% annual, Decl Bal
Fees1.00% upfront
Insurance186.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component27.0% - 27.1%
Fee Component2.2%
Insurance Component2.7% - 2.8%
Tax Component Range0.3%
Full APR (int fee ins tax dep)32.2% - 32.4%
Transparency Index (min/max)83 - 84
Transparency Index (average)83

Product Summary

34,541
USD 2,000 - 20,000
1 - 48
Credit Ins
22.6%-26.5% annual, Decl Bal
None
0.68%-1.18% ongoing
None
N/A
 
0
N/A

Product Details

Key Statistics
Outstanding portfolio (INR)INR 83,232,677
Portfolio (USD)USD 1,570,427.87
Active Clients with Loans8,905
Approximate % Female Clients100%
Approximate % Urban Clients0
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan for Animal Husbandry
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
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 INRx
Household income <120,000 INRx
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 institution1
# Regions for this product1
Regions ActiveGujarat

Product Details

Key Statistics
Outstanding portfolio (USD)USD 167,541,293
Portfolio (USD)USD 167,541,293
Active Clients with Loans34,541
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos desde USD 2,000 para cubrir sus necesidades empresariales y personales
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
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 institution12
# Regions for this product11
Regions ActiveAzuay, Cañar, Chimborazo, Cotopaxi, El Oro, Guayas, Loja, Manabí, PichinchaSanto Domingo de los Tsáchilas, Tungurahua

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 15,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
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 usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 2,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than USD 1,5000
USD 1,500-5,00060%
USD 5,000-10,00020%
USD 10,000-15,00010%
USD 15,000-18,0005%
Greater than USD 18,0005%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term48.0 months
Approx average28.9 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months5%
Between 13 and 18 months20%
Longer than 18 months70%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest27.00%
Highest quoted nominal interest27.00%
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
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min186
Fixed amount - max186
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 taxedAll

Pricing Information

Interest
Lowest quoted nominal interest22.60%
Highest quoted nominal interest26.54%
Reason(s) why interest rate variesLoan Size, la tasa es reajustable solo para montos mayores a USD 10,000, para montos menores la tasa es fija.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamens para deudor y codeudor
% of loan amount - min0.68%
% of loan amount - max1.18%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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?No
Additional Comments
La tasa de inetrés es fija siempre y cuando el riesgo del cliente no supere los USD 1, al momento del desembolso

Full Pricing Data

Hariyali Cattle Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-292013-03-262013-03-27
Loan Term (Months)11.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 2,385INR 2,385INR 2,395
True Price by Comp     
Interest price component27.0%27.0%27.1%
Fee Component2.2%2.2%2.2%
Insurance Component2.7%2.7%2.8%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)32.2%32.2%32.4%
MFIN MFI Earning (Annualised)29.2%29.2%29.3%
MFIN Cost to Borrower (Annualised)32.2%32.2%32.4%
Transparency Index848483
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

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Key Statistics
# Samples:
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# 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
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