Please note that the information you are viewing is
117 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: 2014-09-22
Data version: 4
Age of data: 117 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.belstar.in |
Year established | 2009 |
Head of Institution | Dr.Kalpana sankar |
Regions active | Madhya Pradesh, Tamil Nadu, Puducherry |
# Branches | 64 |
Total Portfolio (nat'l) | INR 1,269,117,806 |
Total Portfolio (USD) | USD 23,945,618.98 |
Active clients with loans | 123,092 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Microfinance Institutions Network - MFIN |
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 |
Please note that the information you are viewing is
141 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: 2010-09-13
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (KES) | KES 47,000,000 |
Portfolio (USD) | USD 567,632.85 |
Active Clients with Loans | 1,880 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
School fees for both clients, spouses and dependents. Available to all existing clients in Products 1, 2 and 3. Cheque payable directly to the learning institution.
Loan Purpose
Any purpose | |
Income generation | |
Mortgage/housing | |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | Evidence of school admission/attendance |
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 | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 100,000 |
Loan Term and Grace Period
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
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 | 1.67% |
Highest quoted nominal interest | 1.67% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Loan Processing Fee | | Risk Management Fee |
% of loan amount - min | 1.50% | | 1.25% |
% of loan amount - max | 1.50% | | 1.25% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Full Pricing Data
Elimu Loan samples
No sample data for this product
Elimu Loan Price Graphs
No sample data for this product