AIDEZ Small Project International - SME Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

AIDEZ Small Project International HSN C191/18, AbelemkpeAccra, Greater Accra

Data approved: 2013-03-26

Data version: 2

Age of data: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 7,350
Portfolio (USD)	USD 3,730.96
Active Clients with Loans	170
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for small and medium sized enterprises for business expansion. Loan ranges from GHS 1000-5000.

Loan Purpose

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

Included Services

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

Eligibility

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	Must be a graduate from a small group loan
Other (2)	Must provide guarantor

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Greater Accra Region, Volta Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 1,500
Maximum loan size	5,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	0
GHS 1,000-5,000	100%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	8.0 months
Approx average	5.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	40%
Between 7 and 9 months	60%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments	x

Pricing Information

Interest

Lowest quoted nominal interest	4.00%
Highest quoted nominal interest	4.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00% - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

SME Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 1,500	GHS 1,500	GHS 2,800	GHS 2,900
Loan Cycle (1, 2, 3, etc)	Not Known	2	3	3
Disbursement Date	2013-04-18	2012-12-26	2012-12-26	2012-12-26
Loan Term (Months)	4.4 months	3.5 months	4.7 months	5.6 months
Grace Period (Months)	0.2 months	0.2 months	0.2 months	0.2 months
Total Cost of Credit	GHS 436.20	GHS 300	GHS 683.14	GHS 823.71
True Price by Comp
Interest price component	114.4%	92.7%	90.2%	90.3%
Fee Component	21.6%	26.2%	20.5%	17.6%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	46.6%	55.7%	52.0%	50.0%
Full APR (int fee ins tax dep)	182.6%	174.6%	162.7%	157.9%
Transparency Index	26	27	29	30

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

SME Loan Price Graphs

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Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sarvodaya Nano Finance Limited 279, Avvai Shanmugam SalaiRoyapettahChennai, TamilnaduPO Box 600014

Data approved: 2013-01-10

Data version: 1

Age of data: 140 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.sarvodayanano.org
Year established	1996
Head of Institution	R. Asokkumar
Regions active	Tamil Nadu
# Branches	92

Total Portfolio (nat'l)	INR 312,483,125
Total Portfolio (USD)	USD 5,895,908.02
Active clients with loans	51,039
Approximate % female clients	80% - 100%
Approximate % urban clients	0% - 20%
Network affiliations

Loan Products » Summary

Annapoorna

9,444 Borrowers

USD 1,779,950.94 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Annapoorna		INR 10,000 - 15,000		4.6		80% - 100%		0% - 20%		Business		Women, Men, Low HH Inc, Med HH Inc		Credit Educ

Loan Products » MFIN India Additional Information

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
Annapoorna		25.7% - 26.8%		31% - 32.4%		31.7% - 33.1%		Yes		Info awaited		NA		98

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Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Annapoorna		25.7% annual, Decl Bal		1 Fee		0		12.36% fees		N/A		31% - 32.4%		31.7% - 33.1%		79

Institution Price Graph

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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
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Institution

Product

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

Full Pricing Data

SME Loan samples

SME Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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