Microloan Foundation - Irrigation Loan - MFTransparency.org Truth In Lending Tables

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

Microloan Foundation Head OfficeKasungu, CentralPO Box 491

Data approved: 2012-11-15

Data version: 2

Age of data: 143 months

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Product

Irrigation Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (MWK)	MWK 45,578,634
Portfolio (USD)	USD 116,868.29
Active Clients with Loans	1,425
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

These loans are targeted to clients who are closer to water resources and the loans are for farm inputs and are used for winter cropping. The clientele is 100 percent women with support from their husbands.

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
Workplace visits	x
Business training	x
Other training	x
Other	Group Dynamics
Other (2)
No other services

Eligibility

Men
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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	18
# Regions for this product	8
Regions Active	Dowa, Nkhotakota, Ntcheu, Ntchisi, Salima, Mzimba, Nkhata Bay, Rumphi

Loan Conditions

Loan Amount

Currency	MWK
Minimum loan size	MWK 18,000
Maximum loan size	80,000

Distribution at Disbursement (Est.)

Loans less than MWK 50,000	70%
MWK 50,000-150,000	30%
MWK 150,000-250,000	0
MWK 250,000-350,000	0
MWK 350,000-450,000	0
Greater than MWK 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	7.0 months
Approx average	4.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	5%
Between 4 and 6 months	15%
Between 7 and 9 months	80%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	2.0 months

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks	x
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	4.75%
Highest quoted nominal interest	4.75%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	7.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Irrigation Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	MWK 20,000	MWK 30,000	MWK 45,000	MWK 50,000
Loan Cycle (1, 2, 3, etc)	7	2	7	4
Disbursement Date	2012-11-07	2012-11-07	2012-11-07	2012-11-07
Loan Term (Months)	7.0 months	7.0 months	7.0 months	7.0 months
Grace Period (Months)	4.1 months	2.1 months	4.1 months	4.1 months
Total Cost of Credit	MWK 5,600	MWK 8,400	MWK 12,600	MWK 10,000
True Price by Comp
Interest price component	49.0%	60.4%	49.0%	36.2%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	33.7%	23.3%	12.7%	9.7%
Full APR (int fee ins tax dep)	82.7%	83.7%	61.7%	45.9%
Transparency Index	69	68	92	100

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

Irrigation Loan Price Graphs

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Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sahara Uttarayan Sahara Banerjee Para, 1st Sarani, Michaelnagar, Kol-700133Kolkata, West Bengal

Data approved: 2010-10-25

Data version: 1

Age of data: 170 months

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Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	Yes
Website address	http://www.sumfindia.com/
Year established	2001
Head of Institution	Prakash Banerjee
Regions active
# Branches	66

Total Portfolio (nat'l)	INR 291,437,465
Total Portfolio (USD)	USD 5,498,820.09
Active clients with loans	61,128
Approximate % female clients	80% - 100%
Approximate % urban clients	20% - 40%
Network affiliations

Loan Products » Summary

Small Loan

61,128 Borrowers

USD 5,498,820.09 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Small Loan product (12.5%)		INR 6,000 - 20,000		10.5		80% - 100%		20% - 40%		Business, Housing, Consumer, Education, Other, Cottage, Medical ,Marriage, Agri-Allied Business		Women, Have business, Have home or land		Credit Ins

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
Small Loan product (12.5%)		0		31.9%		40.7% - 40.8%								N/A

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Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Small Loan product (12.5%)		12.5% annual, Flat		1 Fee		1 Ins		None		10.0% upfront		31.9%		40.7% - 40.8%		31

Institution Price Graph

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
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	Less or equal to:
	From 0 to
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Irrigation Loan samples

Irrigation Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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