Jaago Samajik Arthik Harit Vikas Sangathan - IGL - MFTransparency.org Truth In Lending Tables

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Institution

Jaago Samajik Arthik Harit Vikas Sangathan 305, Chandralok Tower,Kapoorthala,Lucknow, Uttar Pradesh226024

Data approved: 2010-12-10

Data version: 1

Age of data: 163 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 12,599,383
Portfolio (USD)	USD 237,724.21
Active Clients with Loans	2,716
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Loan Amount: Rs. 8000, Interest Rate: 24% Reducing, LPF: 2.5% to 3% Insurance (of member and her Husband of Rs. 10,000 Flat irrespective of Loan Amount), Installment Mode: Fortnightly, Advance Collection.

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	x
Business training
Other training	x
Other	Signature
Other (2)	Financial Discipline
No other services

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land	x
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 5,000
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	8.0 months
Longest loan term	15.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
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	24.00%
Highest quoted nominal interest	24.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.50%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	100
Fixed amount - max	100
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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

IGL samples

	Sample 1	Sample 2
Loan Amount	INR 8,000	INR 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	2
Disbursement Date	2010-10-13	2010-11-10
Loan Term (Months)	12.1 months	15.4 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	30.6%	28.9%
Insurance Component	2.7%	1.2%
Tax Component	0.0%	0.0%
Deposit Component	0.0%	0.0%
Full APR (int fee ins tax dep)	33.3%	30.1%
MFIN MFI Earning (Annualised)	30.6%	28.9%
MFIN Cost to Borrower (Annualised)	33.3%	30.1%
Transparency Index	72	80
MFIN Transparency Index	N/A	N/A

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

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

IGL Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	108
KF	233,600	41,416,000	4	107
NRSP	399,900	70,157,000	3	108
ASA	230,400	29,637,000	3	108
TMFB	221,200	85,449,000	7	108
FMFB	163,544	38,481,323	9	126
TRDP	100,000	13,817,000	3	108
PRSP	75,656	9,907,176	3	126
BRAC^P	57,300	11,869,000	3	108
SRSO	51,100	7,775,000	3	108
SSF	46,000	4,776,000	3	108
FINCA	82,000	43,559,000	9	108
JWS	36,000	6,545,000	2	108
RCDS	35,552	4,856,122	4	126
DAMEN	35,185	7,150,864	1	126
FFO	22,400	3,335,000	3	108
OLP	21,400	3,510,000	3	108
CSC	17,600	3,147,000	1	108
AMRDO	13,800	1,206,000	5	108
WMBL	13,800	6,105,000	3	108
Mojaz	13,400	2,415,000	2	108
SDF	11,500	1,041,000	4	108
POMFB	8,500	2,795,000	4	108
OPD	7,500	918,000	2	108
AGAHE	7,300	797,000	2	108
NRDP	6,184	1,521,972	3	126
GBTI	6,100	669,000	3	126
WASIL	4,300	1,135,000	2	108
Micro Options	4,000	768,000	5	108
VDO	3,900	489,000	3	126
SVDP	3,900	811,000	13	126
SRDO	3,500	766,000	4	108
OSDI	2,000	923,000	3	108
APMBL	1,800	1,401,000	3	108
BEDF	1,400	209,000	3	126
KCDO	800	94,000	1	126

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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Total Borrrowers of Samples


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