2. Janalakshmi
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. The Bridge
Please note that the information you are viewing is 152 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Janalakshmi Financial Services (P) Ltd. No. 302, 7th Cross, 4th Main, Domlur LayoutBangalore, Karnataka560071
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution

The Bridge Financial Services Limited TamaleNorthern RegionPO Box TL 2124
Data approved: 2011-12-07
Data version: 1
Age of data: 152 months

Product

Education Loan Product 1 of 2 « Prev | Next »

Product

The Bridge Worker Flexible Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers1,189
Loan Amount (range)INR 5,000 - 50,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ
Annual Interest & Method24.0% annual, Decl Bal
Fees70.00 upfront 2.25% upfront
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component#N/A (Int+Fee)
Insurance Component0 - 2.2%
Tax Component Range0
Full APR (int fee ins tax dep)#N/A
Transparency Index (min/max)59 - 69
Transparency Index (average)63

Product Details

Key Statistics
Outstanding portfolio (INR)INR 12,275,833
Portfolio (USD)USD 272,796.29
Active Clients with Loans1,189
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Provide loans to individuals which are used for specific purpose of education alone\r
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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
OtherMust have children who are studying until the age of 24 yrs
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details


This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products
Key Statistics
Outstanding portfolio (GHS)GHS 12,370
Portfolio (USD)USD 6,279.19
Active Clients with Loans11
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Description
This facility is for salary workers and it's flexible in that the client can retain the principal and or reduce the principal amount and pays only the interest.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average15.0 months
Grace Period
Grace period usage90%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionDocumentation FeeService Charges (2.25% or Rs 610, whichever is less)
% of loan amount - min02.25%
% of loan amount - max02.25%
OR, Fixed amount - min700
Fixed amount - max700
Reason for variation
Appears on Repayment Sched?YesYes
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Education Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 5,000INR 10,000INR 15,000INR 25,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2010-07-022010-07-012010-07-012010-06-232010-07-01
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component33.5%32.0%31.5%31.0%30.6%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component6.6%6.3%6.2%6.0%6.0%
Full APR (int fee ins tax dep)40.1%38.4%37.7%37.1%36.6%
MFIN MFI Earning (Annualised)33.5%32.0%31.5%31.0%30.6%
MFIN Cost to Borrower (Annualised)40.1%38.4%37.7%37.1%36.6%
Transparency Index6063646566
MFIN Transparency IndexN/AN/AN/AN/A78
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Education Loan Price Graphs


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