- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	145
Adok Timo	4,200	570,000	4	177
BIMAS	11,100	4,679,000	7	145
ECLOF Kenya	20,500	5,455,000	8	145
Equity Bank	135,500	94,746,000	9	145
Family Bank	43,200	90,700,000	5	177
Jamii Bora	2,400	3,374,000	4	145
Juhudi Kilimo	10,400	4,436,000	2	145
KADET	12,900	5,402,000	4	145
K-Rep	0	0	0	145
K-Rep Bank	65,000	28,743,000	4	177
KWFT DTM	294,600	165,982,000	6	145
LKL	13,100	9,311,000	10	137
MKL	18,200	5,989,000	6	122
Opportunity Kenya	9,100	4,866,000	5	145
PAWDEP	40,900	7,133,000	2	145
RAFODE	2,900	356,000	1	145
SISDO	7,300	3,657,000	11	145
Yehu	14,000	3,149,000	11	145

Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew Delhi, New Delhi110052

Data approved: 2011-08-08

Data version: 1

Age of data: - months

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Product

IGL- Old Clients Product 3 of 8 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 8,046,315
Portfolio (USD)	USD 178,807
Active Clients with Loans	482
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking
Self help group
Other

Description

Income Generation Loan for clients who have completed 1st .

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 16,000
Maximum loan size	30,000

Loan Term and Grace Period

Shortest loan term	24.0 months
Longest loan term	24.0 months
Approx average	0

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
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	26.00%
Highest quoted nominal interest	26.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fees
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Client and spouse life insurance
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

IGL- Old Clients samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 16,000	INR 20,000	INR 25,000	INR 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-07-01	2011-07-01	2011-07-01	2011-07-01
Loan Term (Months)	24.0 months	24.0 months	24.0 months	24.0 months
Grace Period (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
True Price by Comp
Interest and Fee Component	27.2%	27.2%	27.2%	27.2%
Insurance Component	1.8%	1.8%	1.8%	1.8%
Tax Component	0.3%	0.3%	0.3%	0.3%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	29.3%	29.3%	29.3%	29.3%
MFIN MFI Earning (Annualised)	27.2%	27.2%	27.2%	27.2%
MFIN Cost to Borrower (Annualised)	29.3%	29.3%	29.3%	29.3%
Transparency Index	89	89	89	89
MFIN Transparency Index	N/A	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

IGL- Old Clients Price Graphs

Loan Size/

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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

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Total Borrrowers of Samples


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