Belstar Investment & finance private ltd - Micro Enterprise Loan - MFTransparency.org Truth In Lending Tables

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Institution

Belstar Investment & finance private ltd No.48.Mehaboobani Towers, North Boag Road T.NagarChennai, Tamilnadu600017

Data approved: 2010-11-15

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 342,136,237
Portfolio (USD)	USD 7,603,027.49
Active Clients with Loans	47,713
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual
Solidarity group
Village banking
Self help group	x
Other

Description

First loan to a client to start a new enterprise or to strengthen an existing enterprise \r

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

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 10,100
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	10.0 months
Longest loan term	15.0 months
Approx average	0

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

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	19.00%
Highest quoted nominal interest	19.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Upfront fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
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 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

Are taxes charged on this product?

Full Pricing Data

Micro Enterprise Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 10,100	INR 15,000	INR 20,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-03-24	2010-03-24	2010-04-24
Loan Term (Months)	10.0 months	15.0 months	15.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	24.9%	22.9%	23.0%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	24.9%	22.9%	23.0%
MFIN MFI Earning (Annualised)	24.9%	22.9%	23.0%
MFIN Cost to Borrower (Annualised)	24.9%	22.9%	23.0%
Transparency Index	76	83	83
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	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
1st Valley Bank	38,900	48,291,000	3	152
AJDFI	13,100	884,000	6	152
ARDCI	44,600	9,403,000	1	152
ASA Philippines	333,400	29,282,000	1	152
ASHI	35,400	5,231,000	6	152
ASKI	60,000	15,247,000	4	152
Bangko Kabayan	8,900	2,373,000	2	152
BSEI	600	73,000	2	152
CBI	8,100	2,010,000	5	152
CCT	70,300	9,504,000	4	152
CEV	35,400	5,111,000	4	152
DSPI	59,300	3,676,000	3	152
ECLOF	5,400	1,836,000	4	152
FCB	12,000	2,392,000	2	152
FMB	2,700	710,000	2	152
GM Bank	23,500	1,553,000	3	152
HSPFI	19,100	1,899,000	2	152
JVOFI	1,300	281,000	1	152
Katipunan Bank	42,100	5,325,000	2	152
KDCI	20,500	2,095,000	3	152
KGI	32,300	3,421,000	4	152
KMBI	245,000	15,098,000	1	152
LTMPC	37,400	8,935,000	3	152
Mallig Plains	6,500	641,000	2	152
MILAMDEC	29,800	3,278,000	2	152
MWIMPC	11,800	1,740,000	4	151
NWTF	105,500	12,698,000	5	152
OFMPC	4,400	964,000	1	152
PBC	50,700	10,434,000	4	152
PCSD	700	167,000	1	152
PMPC	23,500	5,565,000	8	152
RB Angeles	900	1,502,000	2	152
RB Labason	500	289,000	1	152
RBLI	5,200	1,026,000	2	152
RBMI	11,900	1,750,000	2	152
RMB	100	173,000	1	152
RSPI	39,600	2,834,000	4	152
SAFRAGEMC	1,100	229,000	1	152
Salve	10,900	1,191,000	3	152
SEDP	27,000	3,914,000	3	152
TSKI	212,900	25,187,000	2	152
TSPI	264,500	31,290,000	7	152
Valient	1,700	672,000	2	152

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


Avg
Min
Max
Std Dev

By Inst Type


By Country

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