| Number borrowers | 287 |
| Loan Amount (range) | ZMK 5,000,000 - 120,000,000 |
| Loan Term (range) | 6 - 60 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 30.0%-36.0% annual, Flat |
| Fees | 4.00% upfront |
| Insurance | 1.00%-4.50% upfront |
| Tax | None |
| Comp Dep | 5.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 60.0% - 72.2% (Int+Fee) |
| Insurance Component | 2.0% - 4.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 68.7% - 80.0% |
| Transparency Index (min/max) | 27 - 44 |
| Transparency Index (average) | 41 |
| 801 |
| INR 24,999 - 25,000 |
| 24 |
| Credit Educ, Group Mtgs, Credit Ins |
| 26.0%-27.5% annual, Decl Bal |
| 1.00% upfront |
| 0.58% upfront |
| 12.36% fees |
| N/A |
| 27.0% - 28.0% |
| 1.0% - 2.0% |
| 0.6% - 0.8% |
| 0.1% - 0.3% |
| 28.8% - 29.0% |
| 84 - 90 |
| 90 |
| Outstanding portfolio (ZMK) | ZMK 6,886,000,000 |
| Portfolio (USD) | USD 1,330,628.02 |
| Active Clients with Loans | 287 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| 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 13,011,983 |
| Portfolio (USD) | USD 245,509.11 |
| Active Clients with Loans | 801 |
| Approximate % Female Clients | 80% - 100% |
| 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 | x |
| Workplace visits | |
| Business training | |
| 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 | |
| Household income <60,000 INR | x |
| Household income <120,000 INR | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Must be supplying milk to procurers (Cooperatives or private) |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Karnataka |
| Currency | ZMK |
| Minimum loan size | ZMK 5,000,000 |
| Maximum loan size | 120,000,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 60.0 months |
| Approx average | 18.0 months |
| 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 |
| Currency | INR |
| Minimum loan size | INR 24,999 |
| Maximum loan size | 25,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 0 |
| INR 15,000-25,000 | 100% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 24.0 months |
| Longest loan term | 24.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 100% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Time as Client, Repeat Loan discount - annual rate is 36% for 1st loan, 30% for 2nd loan. |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | n/a |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Assurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 4.50% |
| 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 | 5.00% |
| 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 | 3.00% |
| Maximum interest rate paid | 9.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 26.00% |
| Highest quoted nominal interest | 27.50% |
| Reason(s) why interest rate varies | Loan Size, Loan Tenure |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| 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 |
| Ins 1 | |
|---|---|
| Description | Insurance Fees |
| % of loan amount - min | 0.58% |
| % of loan amount - max | 0.58% |
| 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 | Some |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ZMK 5,000,000 | ZMK 5,000,000 | ZMK 5,000,000 | ZMK 5,500,000 | ZMK 5,500,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2010-11-03 | 2010-10-14 | 2011-02-15 | 2010-09-22 | 2011-07-26 | ||||
| Loan Term (Months) | 9.0 months | 12.0 months | 12.0 months | 12.0 months | 24.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 2.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 62.4% | 60.0% | 70.4% | 60.2% | 72.2% | ||||
| Insurance Component | 4.3% | 3.4% | 3.5% | 3.4% | 2.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 5.5% | 5.2% | 6.1% | 5.3% | 5.2% | ||||
| Full APR (int fee ins tax dep) | 72.2% | 68.7% | 80.0% | 68.8% | 79.4% | ||||
| Transparency Index | 42 | 44 | 38 | 44 | 38 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | INR 25,000 | INR 25,000 | INR 25,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-30 | 2013-03-28 | 2013-03-28 | ||
| Loan Term (Months) | 25.0 months | 25.0 months | 25.0 months | ||
| Grace Period (Months) | 0.5 months | 0.6 months | 0.4 months | ||
| Total Cost of Credit | INR 8,518.38 | INR 8,518.38 | INR 8,518.38 | ||
| True Price by Comp | |||||
| Interest price component | 27.2% | 27.0% | 27.0% | ||
| Fee Component | 1.0% | 1.1% | 1.0% | ||
| Insurance Component | 0.7% | 0.6% | 0.7% | ||
| Tax Component | 0.1% | 0.2% | 0.1% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 29.0% | 28.9% | 28.8% | ||
| MFIN MFI Earning (Annualised) | 28.2% | 28.1% | 28.0% | ||
| MFIN Cost to Borrower (Annualised) | 29.0% | 28.9% | 28.8% | ||
| Transparency Index | 90 | 90 | 90 | ||
| 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 |
|---|---|---|---|---|---|---|---|
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