2. Asmitha
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BancoSol
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Asmitha Microfin Limited 1-2-58, Plot No. 1-3N Block, Kakatiya Nagar, HabsigudaHyderabad, Andhra pradeshPO Box 500 007
Data approved: 2013-04-02
Data version: 2
Age of data: 133 months
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Institution

BancoSol S.A. Calle Nicolás Acosta No. 289 esq. Cañada Strongest, MurilloLa Paz, Bolivia13176
Data approved: 2013-09-05
Data version: 2
Age of data: 123 months
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Product

Joint Laibility Group Loan (JLG Loan) Product 1 of 2 « Prev | Next »

Product

Sol Efectivo (Tasa Fija, USD) Product 6 of 30 « Prev | Next »

Product Summary

Number borrowers1,114,873
Loan Amount (range)INR 14,999 - 35,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, National Pension Scheme collabaration with LIC.
Annual Interest & Method24.0%-26.0% annual, Decl Bal
Fees1.00% upfront
Insurance1.00%-1.05% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.7% - 26.0%
Fee Component1.1% - 2.1%
Insurance Component2.1% - 2.3%
Tax Component Range0.1% - 0.3%
Full APR (int fee ins tax dep)29.3% - 30.5%
Transparency Index (min/max)79 - 82
Transparency Index (average)80

Product Summary

84
USD 50 - 10,000
3 - 36
Credit Ins
21.0%-28.5% annual, Decl Bal
None
None
None
N/A
 
7.8% - 28.0%
0
0
0
21.0% - 28.0%
52 - 101
84

Product Details

Key Statistics
Outstanding portfolio (INR)INR 11,546,957,921
Portfolio (USD)USD 217,867,130.60
Active Clients with Loans1,114,873
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Joint Liability Group loans are provided to poor women individually for income genarating activities. Repayments are ensured by the group of 5 members identified by themselves.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business training
Other trainingx
OtherNational Pension Scheme collabaration with LIC.
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution14
# Regions for this product14
Regions ActiveAndhra Pradesh, Bihar, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, West Bengal

Product Details

Key Statistics
Outstanding portfolio (USD)USD 173,698.23
Portfolio (USD)USD 173,698.23
Active Clients with Loans84
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito diseñado para atender el financiamiento de hasta el 100% del valor de adquisición de bienes o servicios diversos de personas físicas (naturales) independientes.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 14,999
Maximum loan size35,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00080%
INR 15,000-25,0005%
INR 25,000-35,00015%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months20%
Grace Period
Grace period usage100%
Average grace period1 Week
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50020%
USD 1,500-5,00060%
USD 5,000-10,00020%
USD 10,000-15,0000
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average26.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesBranch, 24% applied in AP. In other states, 26% p.a. is applied.
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Insurance
% of loan amount - min1.00%
% of loan amount - max1.05%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% on a 1 year loan & 1.05% on 2 year loans.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest28.50%
Reason(s) why interest rate variesLoan Size, Collateral, Plazo
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Joint Laibility Group Loan (JLG Loan) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 15,000INR 25,000INR 30,000INR 35,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-11-302012-11-282012-11-282012-12-11
Loan Term (Months)12.0 months25.0 months24.0 months25.0 months
Grace Period (Months)0.2 months0.3 months0.2 months0.2 months
Total Cost of CreditINR 2,360INR 8,100INR 9,551INR 11,256
True Price by Comp       
Interest price component26.0%26.0%25.7%26.0%
Fee Component2.1%1.1%1.1%1.1%
Insurance Component2.1%2.3%2.3%2.3%
Tax Component0.3%0.1%0.2%0.1%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.5%29.5%29.3%29.5%
MFIN MFI Earning (Annualised)28.1%27.1%26.8%27.1%
MFIN Cost to Borrower (Annualised)30.5%29.5%29.3%29.5%
Transparency Index79818281
MFIN Transparency Index92929392
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Sol Efectivo (Tasa Fija, USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 3,000USD 4,200USD 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-042014-04-072014-04-07
Loan Term (Months)24.0 months24.0 months37.0 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditUSD 919.65USD 979.67USD 4,890.89
True Price by Comp     
Interest price component26.6%21.0%28.0%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.6%21.0%28.0%
Transparency Index7910075
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Joint Laibility Group Loan (JLG Loan) Price Graphs


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Sol Efectivo (Tasa Fija, USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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