2. ASA Initiative
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

ASA Initiative FNGO Head OfficeCape Coast, CentralP.O. Box 396
Data approved: 2013-02-20
Data version: 2
Age of data: 141 months
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Product

Six Months Individual Loan Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 360,271.35
Portfolio (USD)USD 182,878.86
Active Clients with Loans698
Approximate % Female Clients40% - 60%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Individual loan designed for micro-entrepreneurs whose businesses generate daily to monthly cashflows. Simple assets provided as collateral.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
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 groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 600
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00020%
GHS 1,000-5,00050%
GHS 5,000-7,50020%
GHS 7,500-10,00010%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
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

Pricing Information

Interest
Lowest quoted nominal interest44.00%
Highest quoted nominal interest44.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeApplication Form Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max02
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance 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 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?No
Additional Comments
The one fee not appearing on the loan documentation - application form fee - is communicated to clients through a training module before they make their credit decision.

Full Pricing Data

Six Months Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 800GHS 1,500GHS 2,000GHS 5,000GHS 8,000
Loan Cycle (1, 2, 3, etc)24382
Disbursement Date2012-12-102012-10-312012-12-172012-11-132012-11-28
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 210GHS 392GHS 522GHS 1,302GHS 2,082
True Price by Comp         
Interest price component70.9%70.9%70.9%70.9%70.9%
Fee Component12.2%11.7%11.6%11.4%11.3%
Insurance Component3.8%3.8%3.8%3.8%3.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)86.9%86.4%86.3%86.1%86.0%
Transparency Index5151515151
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Six Months Individual Loan Price Graphs


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  2. Swayanshree
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Swayanshree Mahila Samabaya Ltd. Near Badambadi Spl. Primary SchoolMahabir Lane, Palamandap, CuttackCuttack, Orissa753012
Data approved: 2010-10-25
Data version: 1
Age of data: 172 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?No
Website addresshttp://www.swayanshree.org/
Year established2006
Head of InstitutionMs. Nayana Mohanty
Regions active
# Branches3

Total Portfolio (nat'l)INR 48,681,845
Total Portfolio (USD)USD 918,525.38
Active clients with loans8,008
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliations

Loan Products » Summary

General
7,925 Borrowers
USD 917,824.68 Portfolio
Active Product
Asha
15 Borrowers
USD 331.81 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
General Loan INR 2,000 - 50,000 6 - 24 80% - 100% 0% - 20% Any Purpose Women, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
Asha Loan INR 3,000 - 6,000 6 - 18 80% - 100% 80% - 100% Any Purpose Women Credit Educ, Group Mtgs, Credit Ins

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
General Loan 0% 20.6% - 21.8% 31.1% - 32.8% N/A
Asha Loan 0% 8.9% 13.4% N/A
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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
General Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None 20.0% upfront 20.6% - 21.8% 31.1% - 32.8% 57
Asha Loan 0.0% annual, Decl Bal 1 Fee 1 Ins None 20.0% upfront 1.00% ongoing 8.9% 13.4% 0
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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