| 7,925 |
| INR 2,000 - 50,000 |
| 6 - 24 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training |
| 18.0% annual, Decl Bal |
| 2.00% upfront |
| 0.40% upfront |
| None |
| 20.0% upfront |
| N/A |
| 20.6% - 21.8% (Int+Fee) |
| 0.5% - 0.9% |
| 0 |
| 31.1% - 32.8% |
| 0 - 58 |
| 57 |
| Outstanding portfolio (INR) | INR 48,644,708 |
| Portfolio (USD) | USD 917,824.68 |
| Active Clients with Loans | 7,925 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| 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 | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| 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) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | INR |
| Minimum loan size | INR 2,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Grace period usage | 10% |
| Average grace period | 1.0 month |
| 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 | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.40% |
| % of loan amount - max | 0.40% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 4.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 5,000 | INR 8,000 | INR 10,000 | INR 15,000 | INR 16,000 | INR 40,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 2 | 3 | 3 | 5 | |||||
| Disbursement Date | 2010-08-10 | 2010-08-10 | 2010-08-10 | 2010-08-10 | 2010-08-10 | 2010-08-11 | |||||
| Loan Term (Months) | 12.0 months | 18.0 months | 12.0 months | 18.0 months | 18.0 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 | 21.8% | 20.6% | 21.6% | 20.6% | 20.6% | 20.6% | |||||
| Insurance Component | 0.8% | 0.5% | 0.7% | 0.5% | 0.5% | 0.5% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 10.3% | 10.0% | 9.8% | 10.0% | 10.3% | 10.0% | |||||
| Full APR (int fee ins tax dep) | 32.8% | 31.2% | 32.1% | 31.1% | 31.5% | 31.1% | |||||
| MFIN MFI Earning (Annualised) | 21.8% | 20.6% | 21.6% | 20.6% | 20.6% | 20.6% | |||||
| MFIN Cost to Borrower (Annualised) | 32.8% | 31.2% | 32.1% | 31.1% | 31.5% | 31.1% | |||||
| Transparency Index | 55 | 58 | 56 | 58 | 57 | 58 | |||||
| MFIN Transparency Index | N/A | N/A | N/A | N/A | N/A | N/A | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| 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 | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
