| Number borrowers | 688,874 |
| Loan Amount (range) | INR 6,000 - 50,000 |
| Loan Term (range) | 12 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Training, Life Insurance |
| Annual Interest & Method | 24.0%-25.0% annual, Decl Bal |
| Fees | 1.00% upfront |
| Insurance | 120.00-200.00 upfront |
| Tax | 12.36% fees |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 23.3% - 26.9% |
| Fee Component | 0 - 1.9% |
| Insurance Component | 0 - 6.8% |
| Tax Component Range | 0 - 0.3% |
| Full APR (int fee ins tax dep) | 26.7% - 28.2% |
| Transparency Index (min/max) | 69 - 103 |
| Transparency Index (average) | 87 |
| 250 |
| USD 100 - 10,000 |
| 1 - 48 |
| Credit Ins |
| 15.1% annual, Decl Bal |
| None |
| 5.00% upfront |
| None |
| 10.0% upfront 5.00 ongoing |
| N/A |
| 15.3% (Int+Fee) |
| 0 - 0.2% |
| 0 |
| 18.2% - 18.8% |
| 0 - N/A |
| 81 |
| Outstanding portfolio (INR) | INR 6,336,899,594 |
| Portfolio (USD) | USD 119,564,143.30 |
| Active Clients with Loans | 688,874 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Financial Literacy Training |
| Other (2) | Life Insurance |
| No other services |
| Men | |
| Women | x |
| Must run a business | x |
| 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 | x |
| Must live in rural area | |
| Must lives in urban area | |
| Other | Can be used for spouses/son's business |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry |
| Outstanding portfolio (USD) | USD 577,488 |
| Portfolio (USD) | USD 577,488 |
| Active Clients with Loans | 250 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 50,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 80% |
| INR 15,000-25,000 | 20% |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 80% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | USD |
| Minimum loan size | USD 100 |
| Maximum loan size | 10,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 48.0 months |
| Approx average | 36.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 24.00% |
| Highest quoted nominal interest | 25.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 120 |
| Fixed amount - max | 200 |
| Reason for variation | Insurance cover customer & spouse for a year. |
| Appears on Repayment Sched? | No |
| 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? | Yes |
| Percentage of fees | 12.4% |
| All or some fees taxed | Some |
| Lowest quoted nominal interest | 15.10% |
| Highest quoted nominal interest | 15.10% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro Desgravaman |
| % of loan amount - min | 5.00% |
| % of loan amount - max | 5.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | USD 5 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | INR 9,000 | INR 18,000 | INR 30,000 | INR 40,000 | INR 50,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2012-12-19 | 2012-12-19 | 2012-12-19 | 2013-04-18 | 2013-04-18 | ||||
| Loan Term (Months) | 13.0 months | 25.0 months | 25.0 months | 25.0 months | 25.0 months | ||||
| Grace Period (Months) | 0.6 months | 1.1 months | 0.8 months | 0.8 months | 0.8 months | ||||
| Total Cost of Credit | INR 1,533.79 | INR 4,165 | INR 6,618.92 | INR 9,070.44 | INR 11,186.80 | ||||
| True Price by Comp | |||||||||
| Interest price component | 23.7% | 23.7% | 23.7% | 23.7% | 23.7% | ||||
| Fee Component | 1.8% | 1.4% | 1.4% | 1.4% | 1.4% | ||||
| Insurance Component | 2.4% | 2.4% | 1.5% | 2.1% | 1.7% | ||||
| Tax Component | 0.3% | 0.2% | 0.1% | 0.2% | 0.2% | ||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
| MFIN MFI Earning (Annualised) | 25.5% | 25.1% | 25.1% | 25.1% | 25.1% | ||||
| MFIN Cost to Borrower (Annualised) | 28.2% | 27.7% | 26.7% | 27.4% | 27.0% | ||||
| Transparency Index | 85 | 87 | 90 | 88 | 89 | ||||
| MFIN Transparency Index | 100 | 100 | 100 | 100 | 100 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 400 | USD 1,000 | USD 2,000 | USD 4,000 | USD 8,600 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2010-06-14 | 2010-06-14 | 2010-06-14 | 2010-06-14 | 2010-06-14 | ||||
| Loan Term (Months) | 6.0 months | 12.0 months | 24.0 months | 36.0 months | 48.0 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 15.3% | 15.3% | 15.3% | 15.3% | 15.3% | ||||
| Insurance Component | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 3.3% | 3.4% | 3.2% | 3.1% | 2.9% | ||||
| Full APR (int fee ins tax dep) | 18.8% | 18.8% | 18.6% | 18.5% | 18.2% | ||||
| Transparency Index | 80 | 80 | 81 | 82 | 83 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
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