2. FASL
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  2. BSFL
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Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 139 months

Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
Data version: 2
Age of data: 139 months
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Product

Super Golden Susu Product 4 of 9 « Prev | Next »

Product

Samruddhi Micro Enterprise (NFS) Loan Product 3 of 3 « Prev | Next »

Product Summary

Number borrowers94
Loan Amount (range)GHS 10,500 - 50,000
Loan Term (range)3 - 12
Other Services (text summary)Other Training
Annual Interest & Method36.0% annual, Flat
Fees2.00% upfront
InsuranceNone
TaxNone
Comp Dep5.0%-25.0% upfront
Range of pricing 
Interest Price Component31.3% - 66.8%
Fee Component1.5% - 10.9%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)101.5% - 105.0%
Transparency Index (min/max)27 - 76
Transparency Index (average)34

Product Summary

201,981
INR 15,000 - 50,000
23 - 24
Credit Ins
24.0% annual, Decl Bal
1.00% upfront
0.43% ongoing Y
12.36% fees
N/A
 
22.9% - 23.8%
0.7% - 1.9%
3.9% - 4.5%
0.1% - 0.2%
28.9% - 29.3%
81 - 84
82

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,192,763.56
Portfolio (USD)USD 605,463.74
Active Clients with Loans94
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This savings and loan product is designed for customers who complete two loan cycles of the Golden Susu programme and can contribute a daily minimum savings of one hundred Ghanian cedis.
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 visits
Business training
Other trainingx
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 institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,224,838,746
Portfolio (USD)USD 23,110,165.02
Active Clients with Loans201,981
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
To meet the cost for small and petty enterprises.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFor establishment cost,fixed cost,working capital
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
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 institution17
# Regions for this product15
Regions ActiveAndhra Pradesh, Bihar, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 10,500
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,00020%
Greater than GHS 13,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months30%
Between 7 and 9 months20%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
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 15,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,00060%
INR 25,000-35,00030%
INR 35,000-45,0005%
Greater than INR 45,0005%
Loan Term and Grace Period
Shortest loan term23.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% 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
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest24.00%
Highest quoted nominal interest24.00%
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
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionCredit PlusHealth Insurance
% of loan amount - min0.43%0
% of loan amount - max0.43%0
OR, Fixed amount - min0130
Fixed amount - max0130
Reason for variation4.26 per thousand per person per monthRs. 130 per person
Appears on Repayment Sched?YesYes
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

Full Pricing Data

Super Golden Susu samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 12,000GHS 12,000GHS 15,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-032013-06-202013-06-202013-06-17
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months-0.1 months0.0 months
Total Cost of CreditGHS 2,400GHS 4,560GHS 5,700GHS 5,700
True Price by Comp       
Interest price component57.5%59.4%60.1%59.4%
Fee Component7.2%4.1%4.1%4.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component40.3%38.0%38.8%38.0%
Full APR (int fee ins tax dep)105.0%101.5%103.0%101.5%
Transparency Index34353535
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Samruddhi Micro Enterprise (NFS) Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 18,000INR 18,000INR 18,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-172013-05-272013-05-27
Loan Term (Months)26.0 months36.0 months36.0 months
Grace Period (Months)0.7 months0.5 months0.4 months
Total Cost of CreditINR 6,466.25INR 8,704.25INR 8,638.25
True Price by Comp     
Interest price component23.7%23.8%23.8%
Fee Component1.0%0.7%0.7%
Insurance Component4.5%4.3%4.4%
Tax Component0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.3%28.9%29.0%
MFIN MFI Earning (Annualised)24.7%24.5%24.5%
MFIN Cost to Borrower (Annualised)29.3%28.9%29.0%
Transparency Index828383
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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