Disha Microfin Pvt Ltd - Pragati - MFTransparency.org Truth In Lending Tables

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Institution

Disha Microfin Pvt Ltd B-404, NIRMAN COMPLEXOPP. HAVMOR RESTAURANT, NAVRANGPURAAHMEDABAD, GUJARAT380009

Data approved: 2010-10-25

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 53,500,000
Portfolio (USD)	USD 1,188,889
Active Clients with Loans	5,100
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This is a loan product starting from Rs. 15000 and reaching upto Rs. 17000. This loan is given for income generation activities.

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
Workplace visits
Business training
Other training	x
Other	Training Campaigns on General Awareness about Health & Education
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 15,000
Maximum loan size	17,000

Loan Term and Grace Period

Shortest loan term	10.7 months
Longest loan term	10.7 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	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	31.74%
Highest quoted nominal interest	31.74%
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	LPF
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	150
Fixed amount - max	150
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?

Additional Comments

Insurance is Voluntary.

Full Pricing Data

Pragati samples

	Sample 1
Loan Amount	INR 15,000
Loan Cycle (1, 2, 3, etc)	Not Known
Disbursement Date	1900-01-00
Loan Term (Months)	10.7 months
Grace Period (Months)	0
Total Cost of Credit	Not Known
True Price by Comp
Interest and Fee Component	34.2%
Insurance Component	0
Tax Component	0
Deposit Component	0
Full APR (int fee ins tax dep)	34.2%
MFIN MFI Earning (Annualised)	34.2%
MFIN Cost to Borrower (Annualised)	34.2%
Transparency Index	93
MFIN Transparency Index	N/A

Original Repayment Schedule	PDF
MFT Pricing Calculation	PDF

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

Pragati 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

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


Avg
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By Country

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