Please note that the information you are viewing is
142 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-06-20
Data version: 2
Age of data: 142 months
Key Statistics
Outstanding portfolio (KES) | KES 29,500,723 |
Portfolio (USD) | USD 356,288.93 |
Active Clients with Loans | 2,912 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Loan designed for groups of 5-25 individuals in a group, for both ongoing and start up businesses.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Home-based care training |
Other (2) | HIV/AIDS counseling |
No other services | |
Eligibility
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) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Nyanza, Rift Valley, Western |
Loan Conditions
Loan Amount
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 78,000 |
Distribution at Disbursement (Est.)
Loans less than KES 50,000 | 70% |
KES 50,000-150,000 | 30% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 9.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace Period
Grace period usage | 100% |
Average grace period | 0.3 months |
Repayment Frequency
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 | |
Pricing Information
Interest
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Nominal interest rate varies based on the loan term. Shorter term loans attract higher annual rates. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Loan Application Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
Fixed amount - max | 1,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
---|
Description | Insurance Fee |
% of loan amount - min | 0 |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 400 |
Fixed amount - max | 0 |
Reason for variation | First cycle loan pay 400 and multiple cycle loans pay 3% |
Appears on Repayment Sched? | No |
Compulsory Deposit
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 200 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compulsory deposit: Upfront deposit of 20% required on multiple cycle loans only. Continuing deposit of 200 KES required on all loans.
Full Pricing Data
Business Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | KES 7,500 | | KES 30,000 | | KES 55,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2013-07-15 | | 2013-07-15 | | 2013-07-15 |
Loan Term (Months) | 5.8 months | | 9.0 months | | 11.0 months |
Grace Period (Months) | 0.2 months | | 0.2 months | | 0.2 months |
Total Cost of Credit | KES 2,744 | | KES 7,299.64 | | KES 12,538.24 |
True Price by Comp | | | | | |
Interest price component | 65.7% | | 45.3% | | 34.7% |
Fee Component | 59.3% | | 9.6% | | 4.0% |
Insurance Component | 18.8% | | 7.1% | | 5.4% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 89.1% | | 95.5% | | 65.9% |
Full APR (int fee ins tax dep) | 232.9% | | 157.5% | | 110.0% |
Transparency Index | 8 | | 11 | | 16 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Business Loan Price Graphs
Please note that the information you are viewing is
140 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-01-02
Data version: 2
Age of data: 140 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.village.net.in |
Year established | 2006 |
Head of Institution | Kuldip Maity |
Regions active | Bihar, West Bengal |
# Branches | 96 |
Total Portfolio (nat'l) | INR 1,020,993,623 |
Total Portfolio (USD) | USD 19,264,030.62 |
Active clients with loans | 175,408 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Sa-Dhan, MFIN |
168,352 Borrowers
USD 17,516,447.16 Portfolio
Active Product
7,056 Borrowers
USD 1,747,583.47 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Pragati |
|
INR 4,000 - 15,000 |
|
11.5 - 12.1 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women |
|
Group Mtgs, Credit Ins |
Samridhhi |
|
INR 16,000 - 50,000 |
|
23.9 - 24.3 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women |
|
Group Mtgs, Credit Ins, Other Training |
Loan Products » MFIN India Additional Information
Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
Pragati |
|
25.1% - 26.1% |
|
27.3% - 28.3% |
|
29.8% - 30.9% |
|
Yes |
|
Yes |
|
Yes |
|
91 |
Samridhhi |
|
22.6% - 26% |
|
23.7% - 27.1% |
|
26% - 29.5% |
|
Yes |
|
Yes |
|
Yes |
|
95 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Pragati |
|
23.5% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
27.3% - 28.3% |
|
29.8% - 30.9% |
|
76 |
Samridhhi |
|
23.5% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
23.7% - 27.1% |
|
26% - 29.5% |
|
83 |