Seilanithih Limted - Individual Loan (USD) - MFTransparency.org Truth In Lending Tables

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Institution

Seilanithih Limted No. 35, St. 360Sangkat Boeung Keng Kang IKhan Chamkarmorn, Phnom Penh

Data approved: 2013-04-02

Data version: 3

Age of data: 140 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: 140 months

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Product

Individual Loan (USD) Product 8 of 8 « Prev | Next »

Product

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Product Summary

Number borrowers	1,048
Loan Amount (range)	USD 100 - 10,000
Loan Term (range)	1 - 24
Other Services (text summary)
Annual Interest & Method	27.0%-36.0% annual, Decl Bal
Fees	None
Insurance	None
Tax	None
Comp Dep	3.0% upfront
Range of pricing
Interest Price Component	27.1% - 36.0%
Fee Component	0
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	28.6% - 35.2%
Transparency Index (min/max)	81 - 105
Transparency Index (average)	95

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

Key Statistics

Outstanding portfolio (USD)	USD 1,007,057
Portfolio (USD)	USD 1,007,057
Active Clients with Loans	1,048
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This loan is provided for individual people in USD for the business purpose. It can be use for business, service, handicraft and agriculture.

Loan Purpose

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

Included Services

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

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	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	7
# Regions for this product	6
Regions Active	Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap

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	USD
Minimum loan size	USD 100
Maximum loan size	10,000

Distribution at Disbursement (Est.)

Loans less than USD 250	0
USD 250-1,000	15%
USD 1,000-1,500	20%
USD 1,500-2,000	30%
USD 2,000-2,500	15%
Greater than USD 2,500	15%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	24.0 months
Approx average	15.0 months

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	30%
Between 13 and 18 months	70%
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

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

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	2.25%
Highest quoted nominal interest	3.00%
Reason(s) why interest rate varies	Loan Size
Interest rate period	Monthly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
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	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	3.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

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

Individual Loan (USD) samples

	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	USD 300	USD 600	USD 1,200	USD 1,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-26	2012-08-13	2012-09-11	2012-10-26
Loan Term (Months)	13.0 months	10.0 months	12.0 months	25.0 months
Grace Period (Months)	0.3 months	-0.1 months	0.2 months	0.5 months
Total Cost of Credit	USD 52	USD 91	USD 201	USD 532
True Price by Comp
Interest price component	30.0%	33.4%	30.0%	27.1%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	1.7%	1.8%	1.7%	1.5%
Full APR (int fee ins tax dep)	31.7%	35.2%	31.7%	28.6%
Transparency Index	95	85	95	100

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

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

Individual Loan (USD) Price Graphs

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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 Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

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

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

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

Individual Loan (USD) samples

Full Pricing Data

Saral Monthly samples

Individual Loan (USD) Price Graphs

Saral Monthly Price Graphs

Total Borrowers of Samples

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