Grameen Financial Services Pvt. Ltd. (Grameen Koota) - Siksha Loan - MFTransparency.org Truth In Lending Tables

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Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062

Data approved: 2011-03-25

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 80,000
Portfolio (USD)	USD 1,777.78
Active Clients with Loans	10
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

The product is given to clients to meet the education related expenses of their children\r

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
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
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 10,000
Maximum loan size	15,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	0

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks	x
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	28.28%
Highest quoted nominal interest	28.28%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

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 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

Siksha Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 11,000	INR 12,000	INR 13,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-07-28	2011-07-21	2011-07-13
Loan Term (Months)	6.1 months	9.3 months	6.1 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	31.8%	30.5%	31.2%
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)	31.8%	30.5%	31.2%
MFIN MFI Earning (Annualised)	31.8%	30.5%	31.2%
MFIN Cost to Borrower (Annualised)	31.8%	30.5%	31.2%
Transparency Index	89	93	91
MFIN Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

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

Siksha Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	153
AJDFI	13,100	884,000	6	153
ARDCI	44,600	9,403,000	1	153
ASA Philippines	333,400	29,282,000	1	153
ASHI	35,400	5,231,000	6	153
ASKI	60,000	15,247,000	4	153
Bangko Kabayan	8,900	2,373,000	2	153
BSEI	600	73,000	2	153
CBI	8,100	2,010,000	5	153
CCT	70,300	9,504,000	4	153
CEV	35,400	5,111,000	4	153
DSPI	59,300	3,676,000	3	153
ECLOF	5,400	1,836,000	4	153
FCB	12,000	2,392,000	2	153
FMB	2,700	710,000	2	153
GM Bank	23,500	1,553,000	3	153
HSPFI	19,100	1,899,000	2	153
JVOFI	1,300	281,000	1	153
Katipunan Bank	42,100	5,325,000	2	153
KDCI	20,500	2,095,000	3	153
KGI	32,300	3,421,000	4	153
KMBI	245,000	15,098,000	1	153
LTMPC	37,400	8,935,000	3	153
Mallig Plains	6,500	641,000	2	153
MILAMDEC	29,800	3,278,000	2	153
MWIMPC	11,800	1,740,000	4	152
NWTF	105,500	12,698,000	5	153
OFMPC	4,400	964,000	1	153
PBC	50,700	10,434,000	4	153
PCSD	700	167,000	1	153
PMPC	23,500	5,565,000	8	153
RB Angeles	900	1,502,000	2	153
RB Labason	500	289,000	1	153
RBLI	5,200	1,026,000	2	153
RBMI	11,900	1,750,000	2	153
RMB	100	173,000	1	153
RSPI	39,600	2,834,000	4	153
SAFRAGEMC	1,100	229,000	1	153
Salve	10,900	1,191,000	3	153
SEDP	27,000	3,914,000	3	153
TSKI	212,900	25,187,000	2	153
TSPI	264,500	31,290,000	7	153
Valient	1,700	672,000	2	153

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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N (# of Samples)
Total Borrrowers of Samples


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By Country

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