Number borrowers | 360,271 |
Loan Amount (range) | INR 5,000 - 30,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 26.0% annual, Decl Bal |
Fees | 0.89% upfront |
Insurance | 60.00-224.00 upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 25.2% - 26.0% |
Fee Component | 1.4% - 1.9% |
Insurance Component | 1.3% - 2.8% |
Tax Component Range | 0.2% - 0.3% |
Full APR (int fee ins tax dep) | 28.7% - 30.9% |
Transparency Index (min/max) | 84 - 91 |
Transparency Index (average) | 88 |
2,984 |
KES 6,400 - 500,000 |
1 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
19.2%-24.0% annual, Flat |
100.00 upfront |
3.00% upfront |
None |
25.0% upfront |
N/A |
46.2% - 55.3% (Int+Fee) |
0 |
0 |
75.8% - 91.9% |
21 - 50 |
23 |
Outstanding portfolio (INR) | INR 3,017,141,968 |
Portfolio (USD) | USD 56,927,206.94 |
Active Clients with Loans | 360,271 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Tamil Nadu, Puducherry |
Outstanding portfolio (KES) | KES 29,217,522 |
Portfolio (USD) | USD 352,868.62 |
Active Clients with Loans | 2,984 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 30,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 50% |
INR 15,000-25,000 | 40% |
INR 25,000-35,000 | 10% |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 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 | 5% |
Between 13 and 18 months | 80% |
Longer than 18 months | 15% |
Grace period usage | 100% |
Average grace period | DK |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 6,400 |
Maximum loan size | 500,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
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 | 0.89% |
% of loan amount - max | 0.89% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | GTLI |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 60 |
Fixed amount - max | 224 |
Reason for variation | Rs. 60 for 1 year credit and Rs. 224 for 2 year product |
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 | 1.60% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | Client Risk, Collateral, Loan Purpose |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Legal Charge |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Application & Insurance Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 25.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0.01% |
Maximum interest rate paid | 0.03% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 20,000 | INR 25,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-03-28 | 2013-03-01 | 2013-03-01 | 2013-03-01 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | 0.2 months | 0.2 months | 0.1 months | |||
Total Cost of Credit | INR 746 | INR 1,426.99 | INR 4,065.98 | INR 4,873.98 | |||
True Price by Comp | |||||||
Interest price component | 26.0% | 25.2% | 25.4% | 25.6% | |||
Fee Component | 1.9% | 1.9% | 1.4% | 1.5% | |||
Insurance Component | 2.8% | 1.3% | 1.8% | 1.5% | |||
Tax Component | 0.2% | 0.3% | 0.2% | 0.2% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 30.9% | 28.7% | 28.8% | 28.8% | |||
MFIN MFI Earning (Annualised) | 27.9% | 27.1% | 26.8% | 27.1% | |||
MFIN Cost to Borrower (Annualised) | 30.9% | 28.7% | 28.8% | 28.8% | |||
Transparency Index | 84 | 91 | 90 | 90 | |||
MFIN Transparency Index | 100 | 100 | 100 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 25,000 | KES 50,000 | KES 100,000 | KES 200,000 | KES 300,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-01-21 | 2009-11-10 | 2009-10-15 | 2009-11-01 | 2009-10-01 | 2009-12-05 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 18.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 55.3% | 53.5% | 48.8% | 48.9% | 48.5% | 46.2% | |||||
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 | 36.6% | 35.4% | 31.8% | 31.9% | 31.5% | 29.6% | |||||
Full APR (int fee ins tax dep) | 91.9% | 89.0% | 80.6% | 80.8% | 80.0% | 75.8% | |||||
Transparency Index | 21 | 22 | 24 | 24 | 24 | 25 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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