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
Data approved: 2010-10-25
Data version: 1
Age of data: - months
Description
Bazar loan Provided to the Vendors in the authorized markets selling household commodities, generally perishables. Loan range from Rs. 6,000 or Rs. 18,000. Interest Rate is 27.29%.Tenure is 45 weeks & weekly installment is Rs. 25/Rs.1,000 of loan.\r
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 Business training Other training Other Other (2) No other services
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 Household income <60,000 INR Household income <120,000 INR Must live in rural area Must lives in urban area Other Other (2)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency INR Minimum loan size INR 6,000 Maximum loan size 18,000
Shortest loan term 10.5 months Longest loan term 10.5 months Approx average 10.5 months
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
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 27.29% Highest quoted nominal interest 27.29% 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 This product has no upfront fees Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Loan Processing Fees (includes insurance) % of loan amount - min 4.00% % of loan amount - max 4.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Appears on Repayment Sched?
Ongoing Insurance Fees This product has no ongoing insurance fees
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
Additional Comments
Insurance is included in the LPF but when asked to clarify how much goes for insurance, we are informed that Rs. 47.8 is paid for insurance. Therefore we entered Rs. 47.8 in the 'insurance paid' field and deduct Rs. 47.8 from the total fees paid \r\r
Full Pricing Data
* The APR stated here is an MFTransparency term, definition and formula
Bazar Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Private \'For-Profit\' Institution Type Any Loan Purpose Arohan Institution IN-005-V01-P01 Product IN Country 2010 Year Range Number 1 Institution Data Version 0 5,000 10,000 15,000 Loan Size (all) 0% 10% 20% 30% 40% Full APR (int fee ins tax dep) > 3,900 2,900 1,900 900 100 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
