Sathapana Limited - SME Loan KHR - MFTransparency.org Truth In Lending Tables

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Institution

Sathapana Limited #831C, Monivong Blvd, Phsa Doem ThkovChamkarmornPhnom PenhPO Box 1423

Data approved: 2013-06-28

Data version: 3

Age of data: 141 months

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Institution

Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West BengalPO Box 700107

Data approved: 2012-11-22

Data version: 2

Age of data: 141 months

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Product

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Product

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Product Summary

37,941
INR 5,000 - 15,000
15
Credit Educ, Group Mtgs, Credit Ins
28.4% annual, Decl Bal
1.00% upfront
0.73%-0.74% upfront
12.36% fees
N/A

25.0% - 31.1%
1.6% - 2.3%
1.1% - 1.4%
0.2% - 0.5%
29.1% - 34.4%
83 - 98
91

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (KHR)	KHR 811,595,000
Portfolio (USD)	USD 205,467.09
Active Clients with Loans	34
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	60% - 80%

Description

Loan in Khmer Riel currency provide to small and medium entreprise operating in all sectors.

Loan Purpose

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	22
# Regions for this product	N/A
Regions Active

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 377,601,000
Portfolio (USD)	USD 7,124,547.17
Active Clients with Loans	37,941
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Saral Monthly loan is provided to economically active women residing in slums or low income areas and involved in trade and service activities. The loan ranges between Rs. 5000 to Rs. 15000.

Loan Purpose

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

Included Services

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

Eligibility

Men
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	3
# Regions for this product	3
Regions Active	Assam, Bihar, West Bengal

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	100%
INR 15,000-25,000	0
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	15.0 months
Longest loan term	15.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	100%
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	DK

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	28.40%
Highest quoted nominal interest	28.40%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	0.73%
% of loan amount - max	0.74%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Additional Comments

Arohan displays Annual Percent Rates in the passbook. APR as mentioned for the product is 29.8%

Full Pricing Data

Saral Monthly samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 5,000	INR 5,000	INR 10,000	INR 10,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-27	2012-10-06	2012-10-28	2012-10-27
Loan Term (Months)	15.0 months	15.0 months	16.0 months	15.0 months
Grace Period (Months)	-0.7 months	0.0 months	0.4 months	-0.7 months
Total Cost of Credit	INR 1,092.68	INR 997.19	INR 2,185.36	INR 1,985.36
True Price by Comp
Interest price component	31.1%	26.0%	26.8%	28.5%
Fee Component	1.8%	1.6%	1.6%	1.7%
Insurance Component	1.3%	1.2%	1.1%	1.4%
Tax Component	0.2%	0.3%	0.2%	0.2%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	34.4%	29.1%	29.7%	31.8%
MFIN MFI Earning (Annualised)	32.9%	27.6%	28.4%	30.2%
MFIN Cost to Borrower (Annualised)	34.4%	29.1%	29.7%	31.8%
Transparency Index	83	98	96	89
MFIN Transparency Index	91	100	100	100

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

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

Saral Monthly Price Graphs

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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
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Saral Monthly samples

Saral Monthly Price Graphs

Total Borrowers of Samples

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