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. Nwabiagya RB
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

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

Nwabiagya Rural Bank Limited KumasiAshanti RegionPO Box B170
Data approved: 2013-03-02
Data version: 2
Age of data: 139 months
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Product

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

Product

Group Lending Product 1 of 3 « 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

2,144
GHS 200 - 1,500
6 - 12
Credit Educ, Group Mtgs, Tech Asst Visits
28.1% annual, Flat
2.00% upfront
1.00% upfront
None
20.0% upfront
 
42.7% - 47.5%
5.1% - 7.3%
2.6% - 3.8%
0
73.3%
23 - 38
38

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 (GHS)GHS 413,529.71
Portfolio (USD)USD 209,913.56
Active Clients with Loans2,144
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
This is a group loan. It is a character based loan because it is only the members who guarantee loans for each other.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
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 institution1
# Regions for this product1
Regions ActiveAshanti Region

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
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size1,500
Distribution at Disbursement (Est.)
Loans less than GHS 1,00070%
GHS 1,000-5,00030%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months50%
Between 7 and 9 months30%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 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 interest2.34%
Highest quoted nominal interest2.34%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid8.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

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

Group Lending samples
Sample 1Sample 2Sample 3
Loan AmountGHS 500GHS 800GHS 1,600
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-182013-03-182013-03-18
Loan Term (Months)9.0 months9.0 months9.0 months
Grace Period (Months)0.4 months0.4 months0.4 months
Total Cost of CreditGHS 108.60GHS 173.76GHS 347.52
True Price by Comp     
Interest price component42.7%42.7%42.7%
Fee Component5.1%5.1%5.1%
Insurance Component2.6%2.6%2.6%
Tax Component0.0%0.0%0.0%
Deposit Component22.9%22.9%22.9%
Full APR (int fee ins tax dep)73.3%73.3%73.3%
Transparency Index383838
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Hariyali Cattle Loan Price Graphs


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Group Lending Price Graphs


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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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Total Borrrowers of Samples
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