2. Amanecer
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Arohan
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACIÓN AMANECER Calle 24 No. 20 A 27Yopal, Casanare
Data approved: 2011-09-15
Data version: 1
Age of data: 166 months

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: 139 months
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Product

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Product

Bazar Loan Product 1 of 6 « Prev | Next »

Product Summary

Number borrowers2,664
Loan Amount (range)COP 515,000 - 25,750,000
Loan Term (range)6 - 30
Other Services (text summary)Tech Asst Visits, Business Training
Annual Interest & Method29.5% annual, Decl Bal
Fees2.00% ongoing
Insurance3,000.00 ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component29.6% - 35.0% (Int+Fee)
Insurance Component0.4% - 7.6%
Tax Component Range0
Full APR (int fee ins tax dep)30.1% - 38.0%
Transparency Index (min/max)71 - 98
Transparency Index (average)88

Product Summary

5,611
INR 6,000 - 18,000
10 - 11
Credit Educ, Group Mtgs, Credit Ins
27.3% annual, Decl Bal
1.00% upfront
0.51% upfront
12.36% fees
N/A
 
25.0% - 31.1%
1.6% - 2.3%
1.1% - 1.4%
0.2% - 0.5%
28.5% - 30.9%
83 - 98
91

Product Details

Key Statistics
Outstanding portfolio (COP)COP 9,172,453,921
Portfolio (USD)USD 5,039,809.85
Active Clients with Loans2,664
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Se apoya el sector empresarial urbano, a través de crédito y programas de capacitación y asesoría empresarial. El fin àºltimo es fortalecer la autogestión, el crecimiento como persona, empresario, miembro de una familia y de una comunidad.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 51,249,000
Portfolio (USD)USD 966,962.26
Active Clients with Loans5,611
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Bazar loan is provided to vendors in an authorized markets selling household commodities -generally perishables. Loan ranges from Rs. 6,000 to Rs. 18,000. Interest Rate and tenure are 27.29% and 45 weeks respectively.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution3
# Regions for this product1
Regions ActiveWest Bengal

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 515,000
Maximum loan size25,750,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term30.0 months
Approx average19.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size18,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00080%
INR 15,000-25,00020%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term11.0 months
Approx average10.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.46%
Highest quoted nominal interest2.46%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionComisio Ley Mipyme para el cubrimiento de los costos de estudio del credito (No todas)
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionComisio para el cubrimiento de la póliza de gravamen
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest27.30%
Highest quoted nominal interest27.30%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.51%
% of loan amount - max0.51%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
Arohan displays Annual Percent Rates in the passbook. APR as mentioned for the product is 29.6%

Full Pricing Data

Desarrollo Empresarial samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountCOP 2,000,000COP 8,000,000COP 13,000,000COP 13,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-132011-06-132010-09-142011-05-31
Loan Term (Months)12.0 months24.0 months18.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component35.0%34.1%29.6%31.1%
Insurance Component3.0%0.7%0.5%0.4%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)38.0%34.9%30.1%31.6%
Transparency Index78859894
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Bazar Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 18,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-292012-11-302012-10-05
Loan Term (Months)11.0 months11.0 months11.0 months
Grace Period (Months)0.0 months0.1 months0.5 months
Total Cost of CreditINR 1,413.36INR 1,419.66INR 2,544.05
True Price by Comp     
Interest price component27.1%26.7%25.0%
Fee Component2.3%2.3%2.1%
Insurance Component1.2%1.2%1.2%
Tax Component0.3%0.5%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.9%30.7%28.5%
MFIN MFI Earning (Annualised)29.4%29.0%27.1%
MFIN Cost to Borrower (Annualised)30.9%30.7%28.5%
Transparency Index888996
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Desarrollo Empresarial Price Graphs


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Bazar Loan 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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