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
Data approved: 2010-09-14
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (KES) | KES 14,000,000 |
Portfolio (USD) | USD 169,082.13 |
Active Clients with Loans | 1,200 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Loan given out to groups of 5-25 individuals in the main group.product design for both ongoing and start up businesses. Graduated loans subsequent loans at 2 times original, maximum dependent on repayments and shares.
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 | HIV/AIDS counselling and home based care training. |
Other (2) | |
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 | HIV/AIDS clients |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | KES |
Minimum loan size | KES 3,000 |
Maximum loan size | 78,000 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 18.0 months |
Approx average | 9.0 months |
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 | 18.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
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 | 4.00% |
OR, Fixed amount - min | 4 |
Fixed amount - max | 0 |
Reason for variation | First loan has a Ksh 4 insurance fee, subsequent loans have a 4% insurance fee |
Appears on Repayment Sched? | No |
Compulsory Deposit
Required for | Some |
Criteria | First cycle loans do not require compulsory savings. Second cycle loans do require compulsory savings / loan guarantee. The savings for the second loan cycle are collected during the period of the first loan cycle. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | KES 100 - N/A |
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 |
Full Pricing Data
Business Loan samples
No sample data for this product
Business Loan Price Graphs
No sample data for this product
Please note that the information you are viewing is
169 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: 2010-10-25
Data version: 1
Age of data: 169 months
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1997 |
Head of Institution | P.V. Ravikumar |
Regions active | |
# Branches | 8 |
Total Portfolio (nat'l) | INR 315,140,153 |
Total Portfolio (USD) | USD 5,946,040.62 |
Active clients with loans | 36,543 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | |
36,543 Borrowers
USD 5,946,044.68 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Income Generating Loan |
|
INR 5,000 - 50,000 |
|
12 - 60 |
|
80% - 100% |
|
20% - 40% |
|
Any Purpose |
|
Women |
|
Group Mtgs, Credit Ins, Business 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 |
Income Generating Loan |
|
0 |
|
20.2% - 20.6% |
|
31% - 37.2% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Income Generating Loan |
|
19.2% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
20.0% upfront 50.00 ongoing |
|
20.2% - 20.6% |
|
31% - 37.2% |
|
58 |