Please note that the information you are viewing is
164 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-11-22
Data version: 1
Age of data: 164 months
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1963 |
| Head of Institution | IVAN TOBAR |
| Regions active | |
| # Branches | 21 |
| Total Portfolio (nat'l) | USD 88,130,099 |
| Total Portfolio (USD) | USD 88,130,099 |
| Active clients with loans | 22,154 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | |
| Funders | |
500 Borrowers
USD 22,845,920 Portfolio
Active Product
5,400 Borrowers
USD 638,600 Portfolio
Active Product
2,020 Borrowers
USD 8,509,955 Portfolio
Active Product
61 Borrowers
USD 250,461 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| CNMPE |
|
USD 600 - 8,000 |
|
12 - 36 |
|
20% - 40% |
|
80% - 100% |
|
Any Purpose |
|
Women, Men, Salaried worker, Specific age group |
|
Credit Ins |
| MICM |
|
USD 200 - 20,000 |
|
8 - 10 |
|
80% - 100% |
|
20% - 40% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
| MICON |
|
USD 600 - 20,000 |
|
6 - 36 |
|
20% - 40% |
|
60% - 80% |
|
Any Purpose |
|
Women, Men, Have business |
|
Credit Ins |
| MICPE |
|
USD 600 - 8,000 |
|
2 - 36 |
|
20% - 40% |
|
40% - 60% |
|
Business |
|
Women, Men, Have business |
|
Credit Ins, Tech Asst Visits |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| CNMPE |
|
15.2% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
1.5% upfront |
|
15.4% - 16.1% |
|
16.4% - 16.5% |
|
92 |
| MICM |
|
25.7% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
3.0% upfront |
|
26.1% - 29.6% |
|
29.2% - 33.7% |
|
84 |
| MICON |
|
22.8% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
3.00% ongoing |
|
21.4% - 24.4% |
|
23.1% - 25.5% |
|
92 |
| MICPE |
|
24.5% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
3.0% upfront |
|
22.7% - 24.8% |
|
24.5% - 26.7% |
|
93 |
Please note that the information you are viewing is
162 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-01-23
Data version: 1
Age of data: 162 months
Key Statistics
| Outstanding portfolio (INR) | INR 14,160,506.44 |
| Portfolio (USD) | USD 267,179.37 |
| Active Clients with Loans | 713 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
This loan is given to womens in group of 4 to 6 with minimum of 2 to max of 5 such group per center. The women should be involved in livelihoods like dairy,powerloom,handloom,small businesses etc
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | |
| Women | x |
| Must run a business | x |
| 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) | |
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 18,750 |
| Maximum loan size | 24,750 |
Distribution at Disbursement (Est.)
| 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 |
Loan Term and Grace Period
| Shortest loan term | 18.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 27.00% |
| Highest quoted nominal interest | 27.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 350 |
| Fixed amount - max | 600 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Insurance Fee (Voluntary) including Spouse (including Service Tax) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 190 |
| Fixed amount - max | 240 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
Deposits DURING period payments
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
Interest Paid on Deposit
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
The insurance is not a credit shield but a term life insurnace policy offered to both the customer & the spouse. The sum assured is constant throughout the loan period & is taken as the 2K+ the loan amount. The processing fee varies from 1.82 to 2.5 % based on the loan amount.
Full Pricing Data
High Ticket livelihood Group Loan Product samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | INR 18,750 | | INR 18,750 | | INR 21,750 | | INR 24,750 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | Not Known | | Not Known |
| Disbursement Date | 2010-12-04 | | 2010-12-10 | | 2010-12-11 | | 2010-12-11 |
| Loan Term (Months) | 18.0 months | | 16.8 months | | 24.0 months | | 24.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 29.4% | | 30.1% | | 29.7% | | 29.7% |
| Insurance Component | 1.6% | | 1.7% | | 1.1% | | 1.1% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Full APR (int fee ins tax dep) | 31.0% | | 31.8% | | 30.8% | | 30.8% |
| MFIN MFI Earning (Annualised) | 29.4% | | 30.1% | | 29.7% | | 29.7% |
| MFIN Cost to Borrower (Annualised) | 31.0% | | 31.8% | | 30.8% | | 30.8% |
| Transparency Index | 87 | | 85 | | 88 | | 88 |
| MFIN Transparency Index | N/A | | N/A | | N/A | | N/A |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
* The APR stated here is an MFTransparency term, definition and formula
High Ticket livelihood Group Loan Product Price Graphs
