Please note that the information you are viewing is 110 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 110 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.belstar.in
Year established2009
Head of InstitutionDr.Kalpana sankar
Regions activeMadhya Pradesh, Tamil Nadu, Puducherry
# Branches64

Total Portfolio (nat'l)INR 1,269,117,806
Total Portfolio (USD)USD 23,945,618.98
Active clients with loans123,092
Approximate % female clients100%
Approximate % urban clients0% - 20%
Network affiliationsMicrofinance Institutions Network - MFIN

Loan Products » Summary

117,606 Borrowers
USD 22,895,241.62 Portfolio
Active Product
5,485 Borrowers
USD 1,050,377.36 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Micro Enterprise Loan INR 12,000 - 30,000 13 - 25 100% 0% - 20% Business, Agriculture Women, Specific age group, Low HH Inc, Med HH Inc, Must be a Member of an SHG, Must be in the age group of 18 to 60 years. Credit Educ, Group Mtgs, Credit Ins, Business Training
Educational Loan INR 11,000 - 11,000 12 100% 0% - 20% Education Women, Specific age group, Low HH Inc, Med HH Inc Credit Ins

Loan Products » MFIN India Additional Information

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
Micro Enterprise Loan 24.7% - 26.4% 25.7% - 28% 26.7% - 29% 100
Educational Loan 24.7% 26.5% 28% 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Enterprise Loan 25.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 25.7% - 28% 26.7% - 29% 91
Educational Loan 25.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.5% 28% 89
Institution Price Graph
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda
Data approved: 2011-12-07
Data version: 1
Age of data: 150 months

Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 428,960
Portfolio (USD)USD 217,746.19
Active Clients with Loans1,070
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This loan targets persons within the formal sector. This includes salary workers, service providers as well as a mix of informal workers.
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 insurance
Workplace visitsx
Business trainingx
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
Othersome have businesses, others are salary workers like teachers and nurses
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,200
Maximum loan size1,200
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest40.00%
Highest quoted nominal interest40.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionMembership Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max6
Reason for variation
Appears on Repayment Sched?No
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Extra Mile Loan samples
Sample 1
Loan AmountGHS 1,200
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2010-12-23
Loan Term (Months)6.0 months
Grace Period (Months)0
Total Cost of CreditNot Known
True Price by Comp 
Interest and Fee Component64.7%
Insurance Component0
Tax Component0
Deposit Component12.1%
Full APR (int fee ins tax dep)76.8%
Transparency Index52
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF
Extra Mile Loan Price Graphs


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