Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.gvmfl.com/ |
Year established | 1986 |
Head of Institution | Mr.S.Devaraj, Chairman and Managing Director |
Regions active | 0 |
# Branches | 227 |
Total Portfolio (nat'l) | INR 6,051,556,728 |
Total Portfolio (USD) | USD 134,479,038.40 |
Active clients with loans | 772,050 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | INR 25,000 - 50,000 | 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
General Loan | INR 9,000 - 18,000 | 12 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
Seasonal Loan | INR 1,000 - 3,000 | 5 | 80% - 100% | 20% - 40% | Business, Consumer, Education, Other | Women | Credit Educ, Group Mtgs |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 0% | 32.7% - 33.3% | 32.7% - 33.3% | N/A | ||||||||||
General Loan | 0% | 31.9% - 32.5% | 31.9% - 32.5% | N/A | ||||||||||
Seasonal Loan | 0% | 39.2% - 39.9% | 39.2% - 39.9% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 32.7% - 33.3% | 32.7% - 33.3% | 36 | ||||||||
General Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 31.9% - 32.5% | 31.9% - 32.5% | 37 | ||||||||
Seasonal Loan | 0.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 39.2% - 39.9% | 39.2% - 39.9% | 0 |
Outstanding portfolio (BOB) | BOB 320,459,842 |
Portfolio (USD) | USD 47,475,532.15 |
Active Clients with Loans | 18,879 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Capacitación en temas de salud |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Currency | BOB |
Minimum loan size | BOB 700 |
Maximum loan size | 70,000 |
Loans less than BOB 10,000 | 30% |
BOB 10,000-40,000 | 60% |
BOB 40,000-70,000 | 10% |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 87.8 months |
Approx average | 32.2 months |
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 | 10% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 12.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 9,000 | BOB 25,000 | BOB 35,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-06 | 2013-12-05 | 2014-04-01 | ||
Loan Term (Months) | 15.0 months | 24.0 months | 37.0 months | ||
Grace Period (Months) | 0.0 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | BOB 1,107.30 | BOB 4,555.95 | BOB 12,950 | ||
True Price by Comp | |||||
Interest price component | 18.3% | 17.4% | 23.7% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
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) | 18.3% | 17.4% | 23.7% | ||
Transparency Index | 66 | 69 | 51 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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Loan Portfolio (USD) | |
% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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