2. OISL
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
  2. SNFL
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

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
Data version: 2
Age of data: 141 months
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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

Product

Agriculture Loan Product 1 of 10 « Prev | Next »

Product

Annapoorna Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers7,428
Loan Amount (range)GHS 130 - 10,000
Loan Term (range)6 - 9
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method36.0% annual, Flat
Fees3.50% upfront 3.00 upfront
Insurance1.00% ongoing
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component33.9% - 69.6%
Fee Component2.9% - 24.0%
Insurance Component0.5% - 4.4%
Tax Component Range0
Full APR (int fee ins tax dep)47.0% - 78.8%
Transparency Index (min/max)31 - 88
Transparency Index (average)61

Product Summary

9,444
INR 10,000 - 15,000
4.6
Credit Educ
25.7% annual, Decl Bal
1.00% upfront
None
12.36% fees
N/A
 
25.7% - 26.8%
5.3% - 5.6%
0
0.6% - 0.7%
31.7% - 33.1%
78 - 81
79

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,448,297
Portfolio (USD)USD 1,242,790.36
Active Clients with Loans7,428
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Agriculture loan is designed to offer loans to farmers for farm input purchase etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFarming
Other (2)
Included Services
Credit educationx
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 groupx
OtherFarmers
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product5
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region

Product Details

Key Statistics
Outstanding portfolio (INR)INR 94,337,400
Portfolio (USD)USD 1,779,950.94
Active Clients with Loans9,444
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Annapoorna product is desinged to meet the finance needs of small traders at affordable rate.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
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 INRx
Household income <120,000 INRx
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 institution1
# Regions for this product1
Regions ActiveTamil Nadu

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 130
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term9.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months90%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period6.0 months
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 10,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term4.6 months
Longest loan term4.6 months
Approx average4.6 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
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 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 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing 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 variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
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 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 paid0
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

Pricing Information

Interest
Lowest quoted nominal interest25.70%
Highest quoted nominal interest25.70%
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
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

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 297GHS 750GHS 1,530GHS 3,000GHS 5,600
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-05-042012-12-212012-05-312012-10-022012-10-12
Loan Term (Months)10.0 months4.9 months9.0 months10.0 months5.8 months
Grace Period (Months)5.6 months2.0 months4.7 months0.4 months2.9 months
Total Cost of CreditGHS 92.10GHS 145.50GHS 424.41GHS 1,071.20GHS 1,227.81
True Price by Comp         
Interest price component33.9%41.5%34.8%57.3%40.1%
Fee Component6.9%12.3%6.4%8.1%9.1%
Insurance Component1.2%2.7%1.3%1.7%2.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component5.0%7.3%5.2%11.7%6.3%
Full APR (int fee ins tax dep)47.0%63.8%47.7%78.8%57.7%
Transparency Index7756754662
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Annapoorna samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-01-222013-01-18
Loan Term (Months)4.7 months4.6 months4.6 months
Grace Period (Months)0.0 months0.0 months-0.1 months
Total Cost of CreditINR 918.54INR 918.54INR 918.54
True Price by Comp     
Interest price component25.7%26.0%26.8%
Fee Component5.3%5.5%5.6%
Insurance Component0.0%0.0%0.0%
Tax Component0.7%0.6%0.7%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.7%32.1%33.1%
MFIN MFI Earning (Annualised)31.0%31.5%32.4%
MFIN Cost to Borrower (Annualised)31.7%32.1%33.1%
Transparency Index818078
MFIN Transparency Index1009996
      
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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