2. VFS
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Institution

Village Financial Services Private Limited Village TowerF-15, Geetanjali Park; 18/3A, Kumud Ghoshal RoadKolkata, West Bengal700057
Data approved: 2011-02-22
Data version: 1
Age of data: -   months 
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Product

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Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,148,342,288
Portfolio (USD)USD 25,518,718
Active Clients with Loans211,569
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Pragati is a general loan product charging 10% flat rate of interest annually. Upfront charge is 2.5 % of loan amount (Processing Fee -1% + Loan Risk Fee - 1.5%). Tenure is 52 weeks/12 months .\r
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherCapacity Building Training
Other (2)
No other services
Eligibility
Men
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size25,000
Loan Term and Grace Period
Shortest loan term11.0 months
Longest loan term12.0 months
Approx average11.5 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
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 interest10.00%
Highest quoted nominal interest10.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Risk Fee (Insurance
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Pragati samples
Sample 1Sample 2
Loan AmountINR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-08-182010-08-28
Loan Term (Months)10.5 months10.5 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component29.7%29.7%
Insurance Component3.6%3.6%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)33.3%33.3%
MFIN MFI Earning (Annualised)29.7%29.7%
MFIN Cost to Borrower (Annualised)33.3%33.3%
Transparency Index3030
MFIN Transparency IndexN/AN/A
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Pragati Price Graphs


Click to view Price Analysis Tool
Institution # Borrowers Portfolio (US$) Products Age of Data
KBL468,300120,082,00016108
KF233,60041,416,0004107
NRSP399,90070,157,0003108
ASA230,40029,637,0003108
TMFB221,20085,449,0007108
FMFB163,54438,481,3239126
TRDP100,00013,817,0003108
PRSP75,6569,907,1763126
BRAC^P57,30011,869,0003108
SRSO51,1007,775,0003108
SSF46,0004,776,0003108
FINCA82,00043,559,0009108
JWS36,0006,545,0002108
RCDS35,5524,856,1224126
DAMEN35,1857,150,8641126
FFO22,4003,335,0003108
OLP21,4003,510,0003108
CSC17,6003,147,0001108
AMRDO13,8001,206,0005108
WMBL13,8006,105,0003108
Mojaz13,4002,415,0002108
SDF11,5001,041,0004108
POMFB8,5002,795,0004108
OPD7,500918,0002108
AGAHE7,300797,0002108
NRDP6,1841,521,9723126
GBTI6,100669,0003126
WASIL4,3001,135,0002108
Micro Options4,000768,0005108
VDO3,900489,0003126
SVDP3,900811,00013126
SRDO3,500766,0004108
OSDI2,000923,0003108
APMBL1,8001,401,0003108
BEDF1,400209,0003126
KCDO80094,0001126
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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