Number borrowers | 645 |
Loan Amount (range) | USD 50 - 20,000 |
Loan Term (range) | 3.7 - 60.9 |
Other Services (text summary) | Credit Ins, Business Training, Other Training, Asistencia tecnica de los compradores de la produccion |
Annual Interest & Method | 20.0%-28.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront 0.98% ongoing |
Insurance | None |
Tax | 15.00% Principal |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 0 (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0 - 0.7% |
Full APR (int fee ins tax dep) | 0 |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | N/A |
1,959 |
INR 10,100 - 17,500 |
18 - 24 |
Credit Educ, Group Mtgs, Credit Ins |
27.5% annual, Decl Bal |
None |
None |
N/A |
N/A |
27.5% (Int+Fee) |
0 - 0.9% |
0 |
28.4% |
95 - 104 |
97 |
Outstanding portfolio (USD) | USD 687,319 |
Portfolio (USD) | USD 687,319 |
Active Clients with Loans | 645 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
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 | Usar solo para capital de trabajo |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Asistencia tecnica de los compradores de la produccion |
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 28,976,553 |
Portfolio (USD) | USD 643,923 |
Active Clients with Loans | 1,959 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
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) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 20,000 |
Shortest loan term | 3.7 months |
Longest loan term | 60.9 months |
Approx average | 15.6 months |
Grace period usage | 30% |
Average grace period | dk |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | INR |
Minimum loan size | INR 10,100 |
Maximum loan size | 17,500 |
Shortest loan term | 18.0 months |
Longest loan term | 24.0 months |
Approx average | 0 |
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace period usage | 0 |
Average grace period | 0 |
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 | 20.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose, En funcion de las alianzas que haga retencion de pago |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Seguro De Desgravamen |
% of loan amount - min | 0.98% |
% of loan amount - max | 0.98% |
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 | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 27.50% |
Highest quoted nominal interest | 27.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Insurance |
% of loan amount - min | 0.80% |
% of loan amount - max | 0.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 900 | USD 1,000 | USD 2,000 | USD 4,500 | USD 10,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-17 | 2010-03-10 | 2010-05-13 | 2010-06-17 | 2010-06-15 | 2010-02-26 | |||||
Loan Term (Months) | 18.0 months | 9.0 months | 10.0 months | 18.0 months | 42.0 months | 36.0 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 | 32.2% | 35.5% | 33.3% | 30.1% | 19.6% | 21.3% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.2% | 0.4% | 0.4% | 0.2% | 0.1% | 0.1% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 32.4% | 35.9% | 33.7% | 30.3% | 19.7% | 21.4% | |||||
Transparency Index | 62 | 56 | 59 | 66 | 100 | 93 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | |
---|---|
Loan Amount | INR 15,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2010-07-09 |
Loan Term (Months) | 22.4 months |
Grace Period (Months) | 0 |
Total Cost of Credit | Not Known |
True Price by Comp | |
Interest and Fee Component | 27.5% |
Insurance Component | 0.9% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 28.4% |
MFIN MFI Earning (Annualised) | 27.5% |
MFIN Cost to Borrower (Annualised) | 28.4% |
Transparency Index | 97 |
MFIN Transparency Index | N/A |
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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