Soon Valley Development Program - Pipe Irrigation - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 131 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Soon Valley Development Program Sakesar Road, Naushera, Tehsil & District, KhushabNaushera, PunjabN/A

Data approved: 2013-08-15

Data version: 1

Age of data: 131 months

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Institution

Chaitanya India Fin Credit Pvt Ltd #169, 1st Floor, 5th MainChamarajpetBangalore, KarnatakaPO Box 560018

Data approved: 2012-11-26

Data version: 3

Age of data: 139 months

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Product

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Product Summary

8,393
INR 36,000 - 50,000
24 - 30
Credit Educ, Group Mtgs, Credit Ins
26.0% annual, Decl Bal
0.88% upfront
1.20% upfront
12.36% fees
N/A

25.8% - 27.3%
1.4% - 2.4%
2.1% - 3.5%
0.2% - 0.4%
31.3% - 33.0%
79 - 88
81

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (PKR)	PKR 60,000
Portfolio (USD)	USD 612.24
Active Clients with Loans	2
Approximate % Female Clients	0
Approximate % Urban Clients	0

Description

This loan product is available for poor farmers for purchase of PVC pressure pipes for irrigation of agriculture land

Loan Purpose

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

Eligibility

Men	x
Women
Must run a business
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	1
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 94,654,051
Portfolio (USD)	USD 1,785,925.49
Active Clients with Loans	8,393
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other	Joint liability group (JLGs)

Description

3D Business loan is offered to customers engaged in income generating activities. The loan terms is 2 years and loan disbursement is made in three installments.

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
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
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	1
# Regions for this product	1
Regions Active	Karnataka

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 36,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	0
INR 15,000-25,000	0
INR 25,000-35,000	0
INR 35,000-45,000	50%
Greater than INR 45,000	50%

Loan Term and Grace Period

Shortest loan term	24.0 months
Longest loan term	30.0 months
Approx average	27.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	100%

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?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0.88%
% of loan amount - max	0.88%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	1.20%
% of loan amount - max	1.20%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
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?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

3D Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 39,000	INR 42,000	INR 50,000	INR 50,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-10	2012-10-15	2012-09-26	2012-10-05
Loan Term (Months)	28.0 months	28.0 months	27.0 months	27.0 months
Grace Period (Months)	0.4 months	0.1 months	0.4 months	0.0 months
Total Cost of Credit	INR 6,378	INR 7,073	INR 7,474	INR 7,152
True Price by Comp
Interest price component	25.9%	27.3%	25.9%	25.9%
Fee Component	2.1%	2.2%	2.3%	2.4%
Insurance Component	3.0%	3.1%	3.3%	3.5%
Tax Component	0.3%	0.4%	0.3%	0.3%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	31.3%	33.0%	31.8%	32.1%
MFIN MFI Earning (Annualised)	28.0%	29.5%	28.2%	28.3%
MFIN Cost to Borrower (Annualised)	31.3%	33.0%	31.8%	32.1%
Transparency Index	83	79	82	81
MFIN Transparency Index	100	95	100	100

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

3D Business Loan Price Graphs

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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
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

3D Business Loan samples

3D Business Loan Price Graphs

Total Borrowers of Samples

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