Outstanding portfolio (RWF) | RWF 212,882,269 |
Portfolio (USD) | USD 337,908 |
Active Clients with Loans | 187 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 5 |
Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
Currency | RWF |
Minimum loan size | RWF 100,000 |
Maximum loan size | 10,000,000 |
Loans less than RWF 500,000 | 10% |
RWF 500,000-1,500,000 | 10% |
RWF 1,500,000-2,500,000 | 10% |
RWF 2,500,000-3,500,000 | 10% |
RWF 3,500,000-4,500,000 | 10% |
Greater than RWF 4,500,000 | 10% |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 30% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 60.00% |
Reason(s) why interest rate varies | 15% flat for LT (> 4months). 54% flat for monthly ST (< 3 months). 60% flat for single-end ST (< 3months). |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Loan Application & Collateral Visit Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 15,000 | |
Fixed amount - max | 0 | 15,000 | |
Reason for variation | VAT Excluded | LA=10,000RWF, CV=5,000RWF | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Commission on Insurance |
% of loan amount - min | 0.12% |
% of loan amount - max | 10.45% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Varies according to client age & loan duration |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | RWF 300,000 | RWF 500,000 | RWF 500,000 | RWF 1,000,000 | RWF 2,000,000 | RWF 3,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-06-20 | 2012-10-11 | 2012-05-31 | 2012-04-30 | 2012-03-30 | 2012-06-13 | |||||
Loan Term (Months) | 12.0 months | 3.1 months | 7.0 months | 12.0 months | 18.0 months | 24.0 months | |||||
Grace Period (Months) | 1.0 month | 3.1 months | 1.0 month | 1.0 month | 1.0 month | 0.0 months | |||||
Total Cost of Credit | RWF 69,008.99 | RWF 102,548.87 | RWF 71,798.60 | RWF 188,729.96 | RWF 504,749.64 | RWF 990,868.26 | |||||
True Price by Comp | |||||||||||
Interest price component | 26.3% | 55.5% | 25.1% | 26.2% | 26.3% | 26.3% | |||||
Fee Component | 13.1% | 18.3% | 14.1% | 5.9% | 2.4% | 2.1% | |||||
Insurance Component | 0.5% | 0.7% | 0.8% | 0.6% | 0.8% | 0.6% | |||||
Tax Component | 2.6% | 3.5% | 2.8% | 1.1% | 0.6% | 0.5% | |||||
Deposit Component | 21.9% | 18.6% | 21.4% | 17.2% | 14.6% | 13.8% | |||||
Full APR (int fee ins tax dep) | 64.4% | 96.6% | 64.2% | 51.0% | 44.7% | 43.3% | |||||
Transparency Index | 23 | 16 | 23 | 29 | 34 | 35 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.dishamicrofin.com |
Year established | 1995 |
Head of Institution | Sameer Nanavati |
Regions active | Gujarat |
# Branches | 24 |
Total Portfolio (nat'l) | INR 759,625,000 |
Total Portfolio (USD) | USD 14,332,547.17 |
Active clients with loans | 69,053 |
Approximate % female clients | 100% |
Approximate % urban clients | 0 |
Network affiliations | MFIN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | INR 12,000 - 15,000 | 15 - 18 | 100% | 0% - 20% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be economically active | Credit Educ, Group Mtgs, Credit Ins | |||||||
Pragati R | INR 15,000 - 25,000 | 15 - 24 | 100% | 0% - 20% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be economically active | Credit Educ, Group Mtgs, Credit Ins |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | 24.9% - 27.1% | 26.5% - 28.4% | 29.4% - 30.7% | Yes | Yes | Yes | 100 | |||||||
Pragati R | 25.1% - 27.9% | 26.2% - 28.9% | 29% - 31.6% | Yes | Yes | Yes | 99 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gati F | 26.0%-28.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.5% - 28.4% | 29.4% - 30.7% | 87 | ||||||||
Pragati R | 26.0%-28.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.2% - 28.9% | 29% - 31.6% | 86 |
Key Statistics | |
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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 |
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