| Outstanding portfolio (UGX) | UGX 85,508,065 |
| Portfolio (USD) | USD 34,203 |
| Active Clients with Loans | 212 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 3 |
| Regions Active | Central, Eastern, Northern |
| Currency | UGX |
| Minimum loan size | UGX 50,000 |
| Maximum loan size | 1,000,000 |
| Loans less than UGX 1,000,000 | 100% |
| UGX 1,000,000-5,000,000 | 0 |
| UGX 5,000,000-7,500,000 | 0 |
| UGX 7,500,000-10,000,000 | 0 |
| UGX 10,000,000-13,000,000 | 0 |
| Greater than UGX 13,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 100% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 1.50% |
| % of loan amount - max | 1.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| 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 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | UGX 306,000 | UGX 700,000 | UGX 1,360,000 | UGX 989,000 | |||
| Loan Cycle (1, 2, 3, etc) | 3 | 3 | 1 | 1 | |||
| Disbursement Date | 2012-09-04 | 2012-05-08 | 2012-04-30 | 2012-06-19 | |||
| Loan Term (Months) | 4.1 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 1.0 month | 1.3 months | 1.2 months | 1.0 month | |||
| Total Cost of Credit | UGX 35,528 | UGX 103,308 | UGX 200,718 | UGX 145,962 | |||
| True Price by Comp | |||||||
| Interest price component | 35.4% | 32.8% | 33.0% | 35.3% | |||
| Fee Component | 12.3% | 8.3% | 8.3% | 8.9% | |||
| Insurance Component | 7.6% | 5.1% | 5.1% | 5.4% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 16.7% | 14.2% | 14.4% | 15.9% | |||
| Full APR (int fee ins tax dep) | 72.0% | 60.4% | 60.8% | 65.5% | |||
| Transparency Index | 50 | 60 | 59 | 55 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.equitasmf.in |
| Year established | 2007 |
| Head of Institution | PN Vasudevan |
| Regions active | Gujarat, Madhya Pradesh |
| # Branches | 278 |
| Total Portfolio (nat'l) | INR 9,756,400,000 |
| Total Portfolio (USD) | USD 184,083,018.90 |
| Active clients with loans | 1,163,000 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | MFIN, Sa-Dhan, Alpha |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Second Cycle Loan | INR 12,000 - 18,000 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Third Cycle Loan | INR 12,000 - 18,000 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins | |||||||
| First Cycle Loan | INR 12,000 - 18,000 | 18 - 24 | 80% - 100% | 80% - 100% | Business | Women, Have business, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Income Generating 1 Year Loan | INR 4,999.50 - 5,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Have business, Low HH Inc, Med HH Inc | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Second Cycle Loan | 24.9% - 25.3% | 26% - 26.7% | 27.7% - 29.1% | Yes | Yes | Yes | 100 | |||||||
| Third Cycle Loan | 24.9% - 25.4% | 26% - 26.5% | 27.6% - 28.2% | Yes | Yes | Yes | 100 | |||||||
| First Cycle Loan | 25% - 25.3% | 26% - 26.7% | 27.7% - 29.1% | Yes | Yes | Yes | 100 | |||||||
| Income Generating 1 Year Loan | 24.4% - 25.3% | 26.4% - 27.4% | 28.1% - 29.3% | Yes | Yes | Yes | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Second Cycle Loan | 25.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26% - 26.7% | 27.7% - 29.1% | 90 | ||||||||
| Third Cycle Loan | 25.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26% - 26.5% | 27.6% - 28.2% | 91 | ||||||||
| First Cycle Loan | 25.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26% - 26.7% | 27.7% - 29.1% | 90 | ||||||||
| Income Generating 1 Year Loan | 25.5% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.4% - 27.4% | 28.1% - 29.3% | 89 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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