- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AB Bank	300	307,000	2	163
AMZ	4,900	651,000	2	163
CETZAM	6,700	2,210,000	4	163
Eclof Zambia	200	111,000	4	163
Empowerment	1,500	447,000	5	163
FINCA Zambia	43,700	16,420,000	4	120
Harmos	9,800	1,398,000	3	163
Kungoma	43	18,000	2	163
MBT	13,900	1,563,000	5	163
Meanwood	2,000	1,766,000	5	163
PFSL	1,300	3,506,000	3	163
Zambia CRC	30	1,000	1	163

Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Pragathi MAC Credit & Marketing Federation Ltd. #2-6-45/2, Sri Shanthi Nagar Colony, Road No. 2Circuit House Road, HanamkondaWarangal, Andhra Pradesh506001

Data approved: 2010-11-15

Data version: 1

Age of data: 170 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 73,971,417
Portfolio (USD)	USD 1,395,687.11
Active Clients with Loans	8,014
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

Members can use this loan for agriculture developments and agri-inputs.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training	x
Other
Other (2)
No other services

Eligibility

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
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 3,000
Maximum loan size	25,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	15.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly	x
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	12.50%
Highest quoted nominal interest	12.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance 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?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	INR 50
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

N/A

Full Pricing Data

Crop Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 5,000	INR 10,000	INR 20,000
Loan Cycle (1, 2, 3, etc)	1	1	2
Disbursement Date	2010-04-15	2010-05-15	2010-05-15
Loan Term (Months)	15.0 months	15.0 months	15.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	21.6%	21.5%	21.6%
Insurance Component	1.4%	1.4%	1.4%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	5.8%	4.3%	3.7%
Full APR (int fee ins tax dep)	28.7%	27.3%	26.6%
MFIN MFI Earning (Annualised)	21.6%	21.5%	21.6%
MFIN Cost to Borrower (Annualised)	28.7%	27.3%	26.6%
Transparency Index	44	46	47
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

* The APR stated here is an MFTransparency term, definition and formula

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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

	X Axis
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Total Borrrowers of Samples


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By Country

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