IDF Financial, Karnataka Vikas Grameena Bank
IDF partners with commercial banks and large scale lenders to deliver rural finance. Financing for this product is offered by KVGB as a cash credit overdraft, so clients can withdraw up to their credit at any time. IDF mobilizes clients and facilitates repayment. This cash loan program supports any activity related to agricultural production.
Product Overview & Scale
- Fsp NameIDF Financial, Karnataka Vikas Grameena Bank
- Fsp ID114755
- As of Date4/1/16
- CurrencyUSD
- Product NameSelf-Help Group Loan; Cash Credit Overdraft
- CountryIndia
- Total Clients Bracket50,000- 100,000
- Product Clients Bracket<10,000
- Number of Product Clients5,500
- Percent of Total Clients that are Product Clients9%
- Average Loan Size Per Client615
- Average Loan Size Per Client615
Financial Structure & Pricing
- loan or product structure is flexibleTRUE
- repayment structure is flexibleTRUE
- loan or product term covers growing seasonTRUE
- loan or product term covers growing season if yes describecovers year-round
- grace period offeredFALSE
- group or individual loanGroup
- apr0%
- annualized repayment rate of the product98- 100%
Value Chain Support
- inputs assets services are readily availableFALSE
- inputs assets services are available at time demanded by clientFALSE
- inputs assets services available within reasonable distance of clientFALSE
- inputs assets services are of good qualityFALSE
- informal management services providedFALSE
- formal programs in place for post harvest managementFALSE
- informal linkages exist between clients and buyers producersFALSE
- formal linkages exist between clients and buyers producersFALSE
- guaranteed market opportunities exist for clientsFALSE
Training
- agricultural training available to clientsTRUE
- agricultural training available to clients using formal curriculumTRUE
- multiple agricultural trainings delivered during product cycleTRUE
- organization does quality checks on trainingsTRUE
- financial literacy training takes places yes noTRUE
- classroom theoretical training offered by administering partyTRUE
- training engages clients in participatory learning with additional materialsTRUE
- training is offered in a convenient location for clientsTRUE
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- formal measurement with strong control groupFALSE
- rct or other academic quality work done to verify resultsFALSE
- measurement of change to profit income or poverty reduction takes placeTRUE
- using methodical process over time to measure changeFALSE