Belstar Investment and Finance Private Limited - Micro Enterprise Loan - MFTransparency.org Truth In Lending Tables

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Institution

Belstar Investment and Finance Private Limited 11 C, Rathinammal Street , Rangarajapuram, KodambakkamChennai, Tamilnadu600024

Data approved: 2014-09-22

Data version: 4

Age of data: 111 months

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Product

Micro Enterprise Loan Product 1 of 2 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 1,213,447,806
Portfolio (USD)	USD 22,895,241.62
Active Clients with Loans	117,606
Approximate % Female Clients	100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

Micro Enterprise Loan is designed to provide finance to start new enterprise or strengthen existing enterprises.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training
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	x
Household income <60,000 INR	x
Household income <120,000 INR	x
Must live in rural area
Must lives in urban area
Other	Must be a Member of an SHG
Other (2)	Must be in the age group of 18 to 60 years.

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	4
Regions Active	Karnataka, Madhya Pradesh, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 12,000
Maximum loan size	30,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	60%
INR 15,000-25,000	30%
INR 25,000-35,000	10%
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	13.0 months
Longest loan term	25.0 months
Approx average	19.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	50%
Longer than 18 months	50%

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	25.00%
Highest quoted nominal interest	25.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing 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?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	63
Fixed amount - max	236
Reason for variation	Insurance Premium varies depending on loan size & term.
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?	Yes
Percentage of fees	12.4%
All or some fees taxed	All

Full Pricing Data

Micro Enterprise Loan samples

Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	True Price by Component					MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	Transparency Index	MFIN Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	Transparency Index	MFIN Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
INR 24,000	Real	2014-08-28	24.7 months	0.0 months	INR 7,150.83	27.7%	25.3%	1.1%	1.0%	0.3%	0.0%	26.4%	27.7%	88	99	PDF	PDF
INR 24,000	Generated	2015-03-01	24.0 months	N/A	INR 7,474.28	27.0%	24.7%	1.0%	1.0%	0.3%	0.0%	25.7%	27.0%	93	100	-	PDF
INR 15,000	Real	2014-08-28	15.8 months	0.9 months	INR 2,995.33	29.0%	26.4%	1.6%	0.7%	0.3%	0.0%	28.0%	29.0%	84	95	PDF	PDF
INR 15,000	Generated	2015-03-01	15.0 months	N/A	INR 2,993.18	27.1%	24.7%	1.5%	0.6%	0.3%	0.0%	26.2%	27.1%	92	100	-	PDF
INR 12,000	Generated	2015-03-01	16.0 months	N/A	INR 2,545.87	27.2%	24.7%	1.4%	0.8%	0.3%	0.0%	26.1%	27.2%	92	100	-	PDF
INR 12,000	Generated	2015-03-01	16.0 months	N/A	INR 2,545.87	27.2%	24.7%	1.4%	0.8%	0.3%	0.0%	26.1%	27.2%	92	100	-	PDF
INR 15,000	Generated	2015-03-01	16.0 months	N/A	INR 3,164.65	27.0%	24.7%	1.4%	0.6%	0.3%	0.0%	26.1%	27.0%	93	100	-	PDF
INR 24,000	Generated	2015-03-01	24.9 months	N/A	INR 7,762.07	26.9%	24.7%	1.0%	1.0%	0.2%	0.0%	25.7%	26.9%	93	100	-	PDF
INR 30,000	Generated	2015-03-01	24.9 months	N/A	INR 9,636.30	26.7%	24.7%	1.0%	0.8%	0.2%	0.0%	25.7%	26.7%	94	100	-	PDF
INR 30,000	Generated	2015-03-01	24.9 months	N/A	INR 9,636.30	26.7%	24.7%	1.0%	0.8%	0.2%	0.0%	25.7%	26.7%	94	100	-	PDF

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

Micro Enterprise Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	132
AMPL	0	0	0	132
Arman	41,500	529,107,000	1	132
Arohan	43,500	8,091,000	2	132
ASA INDIA	164,000	15,380,000	1	132
Asirvad	113,500	19,328,000	1	132
Asmitha	1,114,800	217,867,000	1	132
Bandhan	4,048,600	674,564,000	5	132
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	132
Chaitanya	20,700	3,748,000	3	132
Disha Microfin	69,000	14,332,000	2	132
Equitas	1,220,000	186,415,000	4	132
ESAF	354,200	43,500,000	5	132
FFSL	150,600	35,719,000	2	132
Fusion	66,800	9,820,000	2	132
Grama Vidiyal	738,200	102,101,000	1	132
Grameen Koota	586,600	83,555,000	15	134
Janalakshmi	506,000	119,077,000	2	132
L & T Finance	399,800	37,199,000	1	132
MFL	331,800	49,083,000	1	132
MMFL	175,000	23,752,000	2	132
Mpower	13,600	2,263,000	2	132
Sahayata	0	0	0	132
Saija	24,700	4,682,000	2	132
Samasta	45,500	4,809,000	2	132
Satin	405,600	90,174,000	2	132
SCCI	115,600	15,910,000	2	132
Share	2,195,400	376,727,000	1	132
SKS	3,409,000	355,029,000	2	132
SMILE	360,200	56,927,000	1	132
SNFL	9,400	1,779,000	1	132
Sonata Finance	158,200	22,724,000	3	134
Spandana	533,400	147,240,000	2	132
Suryoday	78,600	14,713,000	3	132
SVCL	118,200	18,886,000	1	132
Swadhaar	92,800	17,166,000	3	132
Trident	68,700	8,852,000	1	132
Ujjivan	913,300	160,848,000	5	132
Utkarsh	168,600	25,915,000	3	132
VFS	175,400	19,264,000	2	132
Asomi	50,300	4,743,000	2	165
AES India	3,600	286,000	1	165
Arth	2,900	611,000	2	165
Asomi	50,300	4,743,000	2	165
Barasat GS	1,100	99,508.02	1	165
BJS	6,000	468,000	1	165
Cashpor	417,000	50,452,000	1	163
Credible	10,000	1,669,540.36	2	165
DIBAKAR	1,800	145,000	1	163
GOF	65,200	5,388,000	4	163
Hope	62,600	4,407,000	1	161
Jaago	2,700	237,000	1	162
LOK	4,900	573,000	1	163
Nano	25,600	3,660,000	2	165
NBSAAVS	28,100	2,821,000	1	161
Nirantara	8,200	917,000	2	163
Parama	7,100	482,000	1	163
Pragathi	26,200	4,579,000	6	163
PWMACS	36,500	5,946,000	1	163
Saadhana	90,900	12,046,000	2	163
Sambhav	1,500	183,000	3	163
Seba Rahara	6,700	468,000	1	163
SU	61,100	5,498,000	1	163
Swayanshree	7,900	918,000	2	163
Vikas Samiti	1,600	168,000	1	163
Vistaar	4,300	1,157,000	2	161
We The People	1,100	244,000	2	163
WEMCS	1,100	85,000	1	163
Yukti	1,100	99,000	2	163

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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Micro Enterprise Loan samples

Micro Enterprise Loan Price Graphs

Total Borrowers of Samples

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