Outstanding portfolio (USD) | USD 7,983,545.76 |
Portfolio (USD) | USD 7,983,545.76 |
Active Clients with Loans | 2,525 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Buenos antecedentes personales y crediticios. Actividad económica y financieramente viable. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | USD |
Minimum loan size | USD 300 |
Maximum loan size | 12,000 |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 34.0 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 | 21.00% |
Highest quoted nominal interest | 30.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Seguro de Desgravamen |
% 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? | 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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 418 | USD 2,000 | USD 4,000 | USD 8,000 | USD 12,000 | ||||
Loan Cycle (1, 2, 3, etc) | 3 | 7 | 4 | 3 | 9 | ||||
Disbursement Date | 2010-04-19 | 2010-03-17 | 2010-03-19 | 2010-02-02 | 2010-03-19 | ||||
Loan Term (Months) | 18.0 months | 17.0 months | 34.0 months | 36.0 months | 36.0 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 | 31.3% | 27.9% | 29.6% | 24.9% | 26.0% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 31.5% | 28.2% | 29.7% | 25.0% | 26.2% | ||||
Transparency Index | 67 | 75 | 71 | 84 | 80 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2004 |
Head of Institution | Padmaja Reddy G. |
Regions active | 0 |
# Branches | 1795 |
Total Portfolio (nat'l) | INR 43,180,018,634 |
Total Portfolio (USD) | USD 959,555,969.60 |
Active clients with loans | 4,959,649 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | INR 6,000 - 20,000 | 11.5 - 23.1 | 80% - 100% | 0% - 20% | Business, Housing, Education, Other, to retire expensive debt, health purposes including better nutrition | Women, economically active | Credit Educ, Group Mtgs, Other Training | |||||||
Dharani | INR 5,000 - 50,000 | 3 - 11 | 0% - 20% | 0% - 20% | Business, only for working capital, exclusively for agri and allied purposes | Women, Men, Must have agriculture ativity and secondary source of income | Credit Educ, Group Mtgs | |||||||
Pragathi | INR 15,000 - 50,000 | 12 - 18 | 80% - 100% | 0% - 20% | Business, for income generation purposes | Women, self-employed | 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | 0% | 0% | 0% | N/A | ||||||||||
Dharani | 0% | 0% | 0% | N/A | ||||||||||
Pragathi | 0% | 0% | 0% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | 12.5%-15.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Dharani | 21.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
Pragathi | 25.0% annual, Decl Bal | 2 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
Key Statistics | |
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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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