- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	154
AJDFI	13,100	884,000	6	154
ARDCI	44,600	9,403,000	1	154
ASA Philippines	333,400	29,282,000	1	154
ASHI	35,400	5,231,000	6	154
ASKI	60,000	15,247,000	4	154
Bangko Kabayan	8,900	2,373,000	2	154
BSEI	600	73,000	2	154
CBI	8,100	2,010,000	5	154
CCT	70,300	9,504,000	4	154
CEV	35,400	5,111,000	4	154
DSPI	59,300	3,676,000	3	154
ECLOF	5,400	1,836,000	4	154
FCB	12,000	2,392,000	2	154
FMB	2,700	710,000	2	154
GM Bank	23,500	1,553,000	3	154
HSPFI	19,100	1,899,000	2	154
JVOFI	1,300	281,000	1	154
Katipunan Bank	42,100	5,325,000	2	154
KDCI	20,500	2,095,000	3	154
KGI	32,300	3,421,000	4	154
KMBI	245,000	15,098,000	1	154
LTMPC	37,400	8,935,000	3	154
Mallig Plains	6,500	641,000	2	154
MILAMDEC	29,800	3,278,000	2	154
MWIMPC	11,800	1,740,000	4	153
NWTF	105,500	12,698,000	5	154
OFMPC	4,400	964,000	1	154
PBC	50,700	10,434,000	4	154
PCSD	700	167,000	1	154
PMPC	23,500	5,565,000	8	154
RB Angeles	900	1,502,000	2	154
RB Labason	500	289,000	1	154
RBLI	5,200	1,026,000	2	154
RBMI	11,900	1,750,000	2	154
RMB	100	173,000	1	154
RSPI	39,600	2,834,000	4	154
SAFRAGEMC	1,100	229,000	1	154
Salve	10,900	1,191,000	3	154
SEDP	27,000	3,914,000	3	154
TSKI	212,900	25,187,000	2	154
TSPI	264,500	31,290,000	7	154
Valient	1,700	672,000	2	154

Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Growing Opportunity Finance (India) Pvt. Ltd. No.12, Ramasamy Street, I FloorT. NagarChennai, Tamil Nadu600017

Data approved: 2011-01-01

Data version: 1

Age of data: 166 months

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Product

Urban Trust Bank Product 4 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 155,627,000
Portfolio (USD)	USD 2,936,358.49
Active Clients with Loans	31,539
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group	x
Other	Individuals run business with no formal bank linkages; has characteristics of both solidarity groups and self-help groups.

Description

This is a group loan designed for groups of 12-20 women to finance micro-businesses in urban areas.

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	x
Business training	x
Other training	x
Other	Health / Social Issue Training
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
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	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 3,000
Maximum loan size	25,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	10.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	1.00%
Highest quoted nominal interest	1.29%
Reason(s) why interest rate varies	Time as Client
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	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?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	70
Fixed amount - max	70
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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?	No

Are taxes charged on this product?

Additional Comments

N/A

Full Pricing Data

Urban Trust Bank samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 5,000	INR 10,000	INR 20,000
Loan Cycle (1, 2, 3, etc)	1	2	3
Disbursement Date	2010-05-28	2010-05-21	2010-05-12
Loan Term (Months)	5.6 months	9.3 months	12.0 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	42.3%	38.2%	29.2%
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)	42.3%	38.2%	29.2%
MFIN MFI Earning (Annualised)	42.3%	38.2%	29.2%
MFIN Cost to Borrower (Annualised)	42.3%	38.2%	29.2%
Transparency Index	28	31	41
MFIN Transparency Index	N/A	N/A	N/A

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

* The APR stated here is an MFTransparency term, definition and formula

Urban Trust Bank 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

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