| Number borrowers | 925 |
| Loan Amount (range) | ZMK 1,000,000 - 120,000,000 |
| Loan Term (range) | 6 - 36 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| Annual Interest & Method | 54.0%-66.0% annual, Flat |
| Fees | 4.00%-7.00% upfront |
| Insurance | 1.00%-3.50% upfront |
| Tax | None |
| Comp Dep | 15.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 104.8% - 135.3% (Int+Fee) |
| Insurance Component | 2.0% - 4.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 139.5% - 181.0% |
| Transparency Index (min/max) | 27 - 44 |
| Transparency Index (average) | 34 |
| Outstanding portfolio (ZMK) | ZMK 10,955,500,000 |
| Portfolio (USD) | USD 2,117,004.83 |
| Active Clients with Loans | 925 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| 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) | 0 |
| Portfolio (USD) | |
| Active Clients with Loans | 0 |
| Approximate % Female Clients | 0 |
| Approximate % Urban Clients | 0 |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| 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) |
| # Regions for this institution | 3 |
| # Regions for this product | N/A |
| Regions Active |
| Currency | ZMK |
| Minimum loan size | ZMK 1,000,000 |
| Maximum loan size | 120,000,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | 13.0 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 |
| Lowest quoted nominal interest | 4.50% |
| Highest quoted nominal interest | 5.50% |
| Reason(s) why interest rate varies | Time as Client, Repeat loan discount - Initial loan is 66% annual. Repeat loan is 54% interest. |
| 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 | 7.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 7% for loans <12.5million, 5% for loans of 12.5-20million, 5% for loans 20million. |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Life Assurance |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 3.50% |
| 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 | 15.00% |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | ZMK 1,500,000 | ZMK 2,500,000 | ZMK 3,000,000 | ZMK 3,000,000 | ZMK 4,000,000 | ZMK 4,500,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-12-29 | 2011-04-15 | 2011-04-29 | 2011-10-18 | 2011-09-01 | 2011-03-22 | |||||
| Loan Term (Months) | 9.0 months | 6.0 months | 9.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 126.5% | 135.3% | 126.6% | 104.8% | 105.1% | 122.5% | |||||
| Insurance Component | 4.9% | 4.5% | 4.9% | 3.8% | 3.9% | 4.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 38.3% | 41.2% | 37.2% | 30.8% | 31.0% | 34.6% | |||||
| Full APR (int fee ins tax dep) | 169.7% | 181.0% | 168.8% | 139.5% | 140.0% | 161.1% | |||||
| Transparency Index | 32 | 30 | 32 | 39 | 39 | 34 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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