Outstanding portfolio (PHP) | PHP 1,983,595 |
Portfolio (USD) | USD 47,454.43 |
Active Clients with Loans | 660 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
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 | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 3,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 3,000 | PHP 3,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | ||
Disbursement Date | 2011-02-10 | 2011-07-19 | 2011-07-19 | ||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 48.4% | 47.3% | 47.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 48.4% | 47.3% | 47.3% | ||
Transparency Index | 52 | 53 | 53 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.utkarshmfi.com/ |
Year established | 1990 |
Head of Institution | Govind Singh |
Regions active | Bihar, Madhya Pradesh |
# Branches | 92 |
Total Portfolio (nat'l) | INR 1,374,101,555 |
Total Portfolio (USD) | USD 25,926,444.43 |
Active clients with loans | 168,691 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Utkarsh Pragati | INR 6,000 - 15,000 | 12 - 14 | 100% | 0% - 20% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
Utkarsh Kiran | INR 18,000 - 25,000 | 24 | 100% | 0% - 20% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
Utkarsh Samridhi | INR 25,000 - 300,000 | 6 - 36 | 0% - 20% | 100% | Business | Women, Men, Have business, Have home or land, Must have atleast 3 years of experience in existing business. | Business Training |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Utkarsh Pragati | 25.6% - 25.9% | 27.3% - 27.5% | 29.4% - 29.6% | Yes | Yes | Yes | 100 | |||||||
Utkarsh Kiran | 25.8% - 26.1% | 26.8% - 27.1% | 28% - 28.3% | Yes | Yes | Yes | 100 | |||||||
Utkarsh Samridhi | 28.8% | 30.4% | 32.6% | NA | NA | NA | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Utkarsh Pragati | 25.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 27.3% - 27.5% | 29.4% - 29.6% | 88 | ||||||||
Utkarsh Kiran | 25.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.8% - 27.1% | 28% - 28.3% | 92 | ||||||||
Utkarsh Samridhi | 29.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 30.4% | 32.6% | 89 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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