2. Kraban Support
Please note that the information you are viewing is 159 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda
Data approved: 2011-12-07
Data version: 1
Age of data: 159 months

Product

Sika Rose Loan Product 5 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 642,800
Portfolio (USD)USD 326,294.42
Active Clients with Loans1,236
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Othervaries from 10 to 64 in a group
Description
This loan product is the very first commercial loan product in this organization. It is mainly for women clients.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherAgricultural produce marketing
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 150
Maximum loan sizeGHS 500
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest40.00%
Highest quoted nominal interest40.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionAffiliation Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max6
Reason for variation
Appears on Repayment Sched?No
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?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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 paid20.00%
Maximum interest rate paid20.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit is given only if there has been no withdrawal to pay any loan.\r

Full Pricing Data

Sika Rose Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 250GHS 300GHS 300
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-06-092010-06-092011-06-09
Loan Term (Months)5.1 months5.1 months5.1 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component46.8%59.5%58.2%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component6.2%7.6%7.2%
Full APR (int fee ins tax dep)53.0%67.1%65.4%
Transparency Index756061
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Sika Rose Loan Price Graphs


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  2. VFS
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

Village Financial Services Private Limited Village TowerF-15, Geetanjali Park; 18/3A, Kumud Ghoshal RoadKolkata, West BengalPO Box 700057
Data approved: 2013-01-02
Data version: 2
Age of data: 140 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.village.net.in
Year established2006
Head of InstitutionKuldip Maity
Regions activeBihar, West Bengal
# Branches96

Total Portfolio (nat'l)INR 1,020,993,623
Total Portfolio (USD)USD 19,264,030.62
Active clients with loans175,408
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsSa-Dhan, MFIN

Loan Products » Summary

Pragati
168,352 Borrowers
USD 17,516,447.16 Portfolio
Active Product
Samridhhi
7,056 Borrowers
USD 1,747,583.47 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Pragati INR 4,000 - 15,000 11.5 - 12.1 80% - 100% 0% - 20% Business Women Group Mtgs, Credit Ins
Samridhhi INR 16,000 - 50,000 23.9 - 24.3 80% - 100% 0% - 20% Business Women Group Mtgs, Credit Ins, Other Training

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
Pragati 25.1% - 26.1% 27.3% - 28.3% 29.8% - 30.9% Yes Yes Yes 91
Samridhhi 22.6% - 26% 23.7% - 27.1% 26% - 29.5% Yes Yes Yes 95
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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
Pragati 23.5% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.3% - 28.3% 29.8% - 30.9% 76
Samridhhi 23.5% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.7% - 27.1% 26% - 29.5% 83
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Key Statistics
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# Products
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# 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
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