| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | http://www.tridentmicrofin.com/ |
| Year established | 2007 |
| Head of Institution | KISHORE KUMAR PULI |
| Regions active | 0 |
| # Branches | 60 |
| Total Portfolio (nat'l) | INR 1,386,607,288 |
| Total Portfolio (USD) | USD 30,813,495.29 |
| Active clients with loans | 174,873 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri Allied Loans | INR 16,000 - 20,000 | 18 - 36 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins | |||||||
| Crop Loans to Farmer Groups | INR 6,000 - 25,000 | 10 - 12 | 0% - 20% | 0% - 20% | Business, Loan is given for inputs required for harvesting | Women, Men, Have home or land, The loan is also given to clients in rented accomadation who have stayed in that locality for more t, Out of a group of 5 members ,4 members should have own house | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Group Loan for Women Monthly | INR 6,000 - 18,000 | 18 | 80% - 100% | 0% - 20% | Business, Housing, Consumer, Education, Other, 90% of loans used for income generating activities | Women, The loan is also given to clients in rented accomadation who have stayed in that locality for more t | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
| Group Loan for Women Weekly | INR 6,000 - 18,000 | 11.5 - 12 | 80% - 100% | 40% - 60% | Business, Housing, Consumer, Education, Other, 90% of loans used for income generating activities | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Individual Micro Enterprise Loans | INR 16,000 - 100,000 | 18 - 36 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Credit Ins, Other Training | |||||||
| Personal Loan to Employees | INR 16,000 - 100,000 | 18 - 36 | 80% - 100% | 0% - 20% | Any Purpose | Women, Men, Salaried worker | Credit Educ, 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri Allied Loans | 0% | 0% | 0% | N/A | ||||||||||
| Crop Loans to Farmer Groups | 0% | 0% | 0% | N/A | ||||||||||
| Group Loan for Women Monthly | 0% | 0% | 0% | N/A | ||||||||||
| Group Loan for Women Weekly | 0% | 0% | 0% | N/A | ||||||||||
| Individual Micro Enterprise Loans | 0% | 0% | 0% | N/A | ||||||||||
| Personal Loan to Employees | 0% | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agri Allied Loans | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Crop Loans to Farmer Groups | 21.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
| Group Loan for Women Monthly | 12.5%-15.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
| Group Loan for Women Weekly | 12.5%-15.0% annual, Flat | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Individual Micro Enterprise Loans | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Personal Loan to Employees | 15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A |
| Outstanding portfolio (KES) | KES 4,978,829.61 |
| Portfolio (USD) | USD 60,130.79 |
| Active Clients with Loans | 363 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | This loan is for the purchase of water tanks only |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| 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 | |
| Other | |
| Other (2) |
| # Regions for this institution | 5 |
| # Regions for this product | 5 |
| Regions Active | Central, Coast, Eastern, Nairobi, Rift Valley |
| Currency | KES |
| Minimum loan size | KES 6,192 |
| Maximum loan size | 63,184 |
| Loans less than KES 50,000 | 30% |
| KES 50,000-150,000 | 70% |
| KES 150,000-250,000 | 0 |
| KES 250,000-350,000 | 0 |
| KES 350,000-450,000 | 0 |
| Greater than KES 450,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 80% |
| 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 | 1.83% |
| Highest quoted nominal interest | 1.83% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance 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 |
| Required for | All |
| Criteria | 10% upfront deposit requirement on individual loans, 20% upfront deposit requirement on group loans. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 20.00% |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KES 8,048 | KES 26,912 | KES 53,824 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-07-31 | 2013-06-04 | 2013-04-04 | ||
| Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | ||
| Grace Period (Months) | 0.1 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | KES 1,960.55 | KES 5,097.66 | KES 13,111.86 | ||
| True Price by Comp | |||||
| Interest price component | 37.9% | 38.4% | 38.5% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 3.9% | 5.1% | 3.9% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.0% | 8.5% | 8.3% | ||
| Full APR (int fee ins tax dep) | 49.8% | 52.0% | 50.7% | ||
| Transparency Index | 44 | 42 | 43 | ||
| 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 |
|---|---|---|---|---|---|---|---|
