Number borrowers | 549 |
Loan Amount (range) | ZMK 750,000 - 2,500,000 |
Loan Term (range) | 4 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training |
Annual Interest & Method | 51.0%-63.0% annual, Flat |
Fees | 10,000.00 upfront 2.50% upfront |
Insurance | 1.00% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 99.3% - 104.2% (Int+Fee) |
Insurance Component | 2.9% - 6.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 105.6% - 108.1% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 47 |
1,106 |
INR 6,000 - 12,000 |
12 - 24 |
Credit Educ, Group Mtgs, Tech Asst Visits |
22.0%-26.0% annual, Decl Bal |
1.00% upfront |
None |
12.36% fees |
N/A |
21.5% - 27.9% |
1.2% - 2.3% |
0 |
0.1% - 0.3% |
23.4% - 23.6% |
85 - 94 |
93 |
Outstanding portfolio (ZMK) | ZMK 395,395,630 |
Portfolio (USD) | USD 76,404.95 |
Active Clients with Loans | 549 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (INR) | INR 7,475,410.75 |
Portfolio (USD) | USD 141,045.49 |
Active Clients with Loans | 1,106 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Sanitation Purposes |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | 3 |
Regions Active | Chhattisgarh, Madhya Pradesh, Maharashtra |
Currency | ZMK |
Minimum loan size | ZMK 750,000 |
Maximum loan size | 2,500,000 |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 8.0 months |
Grace period usage | 100% |
Average grace period | 12.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | INR |
Minimum loan size | INR 6,000 |
Maximum loan size | 12,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 100% |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 4.25% |
Highest quoted nominal interest | 5.25% |
Reason(s) why interest rate varies | Time as Client, Interest differs by number of loan cycles |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Application fee | Processing Fee | |
% of loan amount - min | 0 | 2.50% | |
% of loan amount - max | 0 | 2.50% | |
OR, Fixed amount - min | 10,000 | 0 | |
Fixed amount - max | 10,000 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Life Assurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | ZMK 750,000 | ZMK 750,000 | ZMK 1,400,000 | ZMK 1,500,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-03-31 | 2011-03-31 | 2011-03-31 | 2011-03-31 | |||
Loan Term (Months) | 3.0 months | 3.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 99.3% | 99.3% | 104.2% | 104.2% | |||
Insurance Component | 6.2% | 6.2% | 3.9% | 3.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 105.6% | 105.6% | 108.1% | 108.1% | |||
Transparency Index | 48 | 48 | 47 | 47 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 12,000 | INR 12,000 | INR 12,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-18 | 2013-02-14 | 2013-02-14 | ||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | -0.1 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 2,662.83 | INR 2,662.83 | INR 2,662.83 | ||
True Price by Comp | |||||
Interest price component | 22.2% | 22.0% | 22.0% | ||
Fee Component | 1.2% | 1.2% | 1.2% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.2% | 0.2% | 0.2% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.6% | 23.4% | 23.4% | ||
MFIN MFI Earning (Annualised) | 23.4% | 23.2% | 23.2% | ||
MFIN Cost to Borrower (Annualised) | 23.6% | 23.4% | 23.4% | ||
Transparency Index | 93 | 94 | 94 | ||
MFIN Transparency Index | 99 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |