Outstanding portfolio (BOB) | BOB 194,653,388 |
Portfolio (USD) | USD 28,837,538.96 |
Active Clients with Loans | 8,500 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 8 |
Regions Active | Beni , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Currency | BOB |
Minimum loan size | BOB 350 |
Maximum loan size | 140,000 |
Loans less than BOB 10,000 | 30% |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 15% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 20% |
Greater than BOB 125,000 | 20% |
Shortest loan term | 1.0 month |
Longest loan term | 72.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 5% |
Longer than 18 months | 80% |
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 | 12.00% |
Highest quoted nominal interest | 33.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 2,000 | BOB 7,000 | BOB 35,000 | BOB 41,160 | BOB 91,000 | BOB 137,200 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2014-02-19 | 2013-12-04 | 2013-11-25 | 2013-12-27 | 2014-01-30 | 2013-11-29 | |||||
Loan Term (Months) | 2.6 months | 8.0 months | 12.0 months | 37.0 months | 61.0 months | 61.0 months | |||||
Grace Period (Months) | -0.5 months | 0.3 months | 0.3 months | 0.5 months | 0.3 months | 0.4 months | |||||
Total Cost of Credit | BOB 52.56 | BOB 894.77 | BOB 5,208.97 | BOB 13,460.79 | BOB 61,518.34 | BOB 69,022.97 | |||||
True Price by Comp | |||||||||||
Interest price component | 19.1% | 30.0% | 24.1% | 19.1% | 21.1% | 18.1% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 1.3% | 1.1% | 1.2% | 1.2% | 1.0% | 1.1% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 20.4% | 31.1% | 25.3% | 20.3% | 22.1% | 19.2% | |||||
Transparency Index | 100 | 100 | 48 | 59 | 54 | 62 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.satincreditcare.com/ |
Year established | 1990 |
Head of Institution | H P Singh |
Regions active | Bihar, Haryana, Madhya PradeshPunjab, Uttar Pradesh, Uttarakhand, Chandigarh, National Capital Territory of Delhi |
# Branches | 158 |
Total Portfolio (nat'l) | INR 4,779,248,793 |
Total Portfolio (USD) | USD 90,174,505.53 |
Active clients with loans | 428,995 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MFIN, Sa-Dhan |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generation Loan - Urban | INR 20,000 - 50,000 | 12 - 30 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business, Med HH Inc, Urban HH | Credit Educ | |||||||
Income Generation Loan (Rural) | INR 8,000 - 25,000 | 15 - 26 | 80% - 100% | 0% - 20% | Business | Women, Have business, Have home or land, Low HH Inc, Rural HH | Credit Educ, Group Mtgs, Credit Education, Financial Literacy Training. , Group Meeting |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generation Loan - Urban | 22.3% - 23.5% | 22.3% - 23.5% | 22.3% - 23.5% | Yes | Yes | Yes | 100 | |||||||
Income Generation Loan (Rural) | 25.8% - 27.9% | 26.9% - 29.6% | 29.6% - 32.3% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generation Loan - Urban | 22.0%-26.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 22.3% - 23.5% | 22.3% - 23.5% | 95 | ||||||||
Income Generation Loan (Rural) | 24.0%-26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.9% - 29.6% | 29.6% - 32.3% | 79 |
Key Statistics | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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