Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.seilanithih.com.kh/ |
Year established | 1996 |
Head of Institution | Mr. Sanjay Gandhi |
Regions active | Banteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
# Branches | 25 |
Total Portfolio (nat'l) | KHR 26,884,090,059 |
Total Portfolio (USD) | USD 6,806,098.75 |
Active clients with loans | 11,502 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0 |
Network affiliations | CMA |
Funders | CMI, CARD |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loan (KHR) | KHR 400,000 - 2,400,000 | 1 - 24 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Ins | |||||||
Group Loan (THB) | THB 4,000 - 24,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins | |||||||
Individual Loan (THB) | THB 4,000 - 200,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins | |||||||
Individual Loan (KHR) | KHR 400,000 - 20,000,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | ||||||||
Individual Loan (USD) | USD 100 - 10,000 | 1 - 24 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business, Have home or land, Specific age group |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loan (KHR) | 36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 36% | 37.1% | 97 | ||||||||
Group Loan (THB) | 36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 32.9% - 36% | 34.8% - 37.1% | 100 | ||||||||
Individual Loan (THB) | 27.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 27.1% - 36% | 28.7% - 37.1% | 88 | ||||||||
Individual Loan (KHR) | 30.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 30% - 36% | 31% - 37.1% | 85 | ||||||||
Individual Loan (USD) | 27.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 27.1% - 33.4% | 28.6% - 35.2% | 95 |
Outstanding portfolio (TZS) | TZS 728,594,233.20 |
Portfolio (USD) | USD 458,235.37 |
Active Clients with Loans | 137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Dar es Salaam, Mara, Mtwara, Pwani |
Currency | TZS |
Minimum loan size | TZS 500,000 |
Maximum loan size | 15,000,000 |
Loans less than TZS 350,000 | 0 |
TZS 350,000-1,250,000 | 5% |
TZS 1,250,000-2,000,000 | 10% |
TZS 2,000,000-3,000,000 | 10% |
TZS 3,000,000-4,000,000 | 10% |
Greater than TZS 4,000,000 | 10% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Application Fee | Loan Processing Fee | |
% of loan amount - min | 0 | 2.00% | |
% of loan amount - max | 0 | 2.00% | |
OR, Fixed amount - min | 20,000 | 0 | |
Fixed amount - max | 20,000 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
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 | TZS 500,000 | TZS 1,000,000 | TZS 2,000,000 | TZS 3,000,000 | TZS 4,000,000 | TZS 5,000,000 | |||||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 2 | 2 | 4 | 6 | |||||
Disbursement Date | 2012-12-21 | 2013-01-07 | 2013-01-17 | 2013-02-20 | 2012-12-21 | 2012-12-21 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | 8.0 months | 8.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.1 months | -0.1 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | TZS 120,000 | TZS 220,000 | TZS 540,000 | TZS 800,000 | TZS 1,060,000 | TZS 1,020,000 | |||||
True Price by Comp | |||||||||||
Interest price component | 58.0% | 58.5% | 59.4% | 59.7% | 59.1% | 58.0% | |||||
Fee Component | 22.3% | 14.8% | 8.7% | 7.8% | 7.2% | 8.7% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 15.1% | 13.6% | 12.7% | 12.5% | 12.3% | 12.3% | |||||
Full APR (int fee ins tax dep) | 95.4% | 86.9% | 80.8% | 80.0% | 78.6% | 79.0% | |||||
Transparency Index | 38 | 41 | 45 | 45 | 46 | 46 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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