Sekam Trust International - Business Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sekam Trust International Tulaku, behind Amal BankPBM 16AF, Adenta FlatsAshaiman, Greater Accra

Data approved: 2013-03-15

Data version: 2

Age of data: 139 months

Download Data

Analyze Data

Institution

Bandhan Financial Services Private Limited DN-32, Sector-V,Salt Lake CityKolkata, West Bengal700091

Data approved: 2013-01-16

Data version: 2

Age of data: 139 months

Download Data

Analyze Data

Product

Business Loan Product 1 of 3 « Prev | Next »

Product

Fisheries Loan Product 10 of 10 « Prev | Next »

Product Summary

Number borrowers	256
Loan Amount (range)	GHS 500 - 3,000
Loan Term (range)	2 - 12
Other Services (text summary)	Credit Ins
Annual Interest & Method	60.00%-120.00% annual, Flat
Fees	2 fees
Insurance	1.20% upfront
Tax	None
Comp Dep	30.00% upfront
Range of pricing
Interest Price Component	110.7% - 154.0%
Fee Component	9.8% - 26.0%
Insurance Component	5.1% - 6.4%
Tax Component Range	0
Full APR (int fee ins tax dep)	230.8% - 268.3%
Transparency Index (min/max)	22 - 26
Transparency Index (average)	23

Product Summary

231
INR 10,000 - 50,000
12 - 24
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Leadership Training
22.9% annual, Decl Bal
1.00% upfront
0.47%-0.97% upfront
12.36% fees
N/A

19.8% - 23.8%
0.9% - 2.2%
0 - 1.1%
0.1% - 0.3%
24.7% - 26.4%
87 - 93
90

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 125,000
Portfolio (USD)	USD 63,451.78
Active Clients with Loans	256
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Designed for individual traders.

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
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	Usually must have run a business for at least 3 years
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Greater Accra Region

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 4,303,387
Portfolio (USD)	USD 81,195.98
Active Clients with Loans	231
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other	Group Based indivudual lending

Description

To promote pisciculture

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	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
Other	Group Leadership Training
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	x
Household income <60,000 INR	x
Household income <120,000 INR	x
Must live in rural area	x
Must lives in urban area	x
Other	Must have an access to waterland
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	18
# Regions for this product	1
Regions Active	West Bengal

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 500
Maximum loan size	3,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	50%
GHS 1,000-5,000	50%
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	2.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

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

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 10,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	10%
INR 15,000-25,000	80%
INR 25,000-35,000	5%
INR 35,000-45,000	5%
Greater than INR 45,000	5%

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	24.0 months
Approx average	24.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	100%

Grace Period

Grace period usage	100%
Average grace period	3.0 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	5.00%
Highest quoted nominal interest	10.00%
Reason(s) why interest rate varies	Client Risk, Loan Purpose
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Registration Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	10
Fixed amount - max	0	10
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.20%
% of loan amount - max	1.20%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	30.00%
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	10.50%
Maximum interest rate paid	10.50%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	22.90%
Highest quoted nominal interest	22.90%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Service Tax Extra
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Life Insurance
% of loan amount - min	0.47%
% of loan amount - max	0.97%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Additional Comments

No Penalty in case of default. No prepayment charges

Full Pricing Data

Business Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 700	GHS 1,500	GHS 3,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-01-22	2012-11-25	2013-02-15
Loan Term (Months)	5.8 months	4.3 months	5.8 months
Grace Period (Months)	0.2 months	0.1 months	0.2 months
Total Cost of Credit	GHS 326.40	GHS 433	GHS 1,366
True Price by Comp
Interest price component	136.9%	110.7%	136.9%
Fee Component	14.4%	13.8%	9.8%
Insurance Component	5.2%	6.4%	5.1%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	111.8%	99.9%	107.7%
Full APR (int fee ins tax dep)	268.3%	230.8%	259.5%
Transparency Index	22	26	23

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

Full Pricing Data

Fisheries Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 10,000	INR 20,000	INR 30,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-10-16	2012-09-18	2012-10-31
Loan Term (Months)	12.0 months	24.0 months	24.0 months
Grace Period (Months)	-0.3 months	0.0 months	-0.1 months
Total Cost of Credit	INR 1,704.16	INR 5,996.32	INR 9,006.48
True Price by Comp
Interest price component	23.8%	22.7%	22.9%
Fee Component	1.6%	1.0%	0.9%
Insurance Component	0.8%	0.9%	1.0%
Tax Component	0.2%	0.1%	0.1%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	26.4%	24.7%	24.9%
MFIN MFI Earning (Annualised)	25.4%	23.7%	23.8%
MFIN Cost to Borrower (Annualised)	26.4%	24.7%	24.9%
Transparency Index	87	93	92
MFIN Transparency Index	96	100	100

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

* The APR stated here is an MFTransparency term, definition and formula

Business Loan Price Graphs

Click to view Price Analysis Tool

Fisheries Loan Price Graphs

Click to view Price Analysis Tool

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
	to
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

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

Additional Comments

Full Pricing Data

Business Loan samples

Full Pricing Data

Fisheries Loan samples

Business Loan Price Graphs

Fisheries Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources