2. SAT
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  2. Bandhan
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

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, near Capital RadioKumasi, AshantiP.O. Box 4911
Data approved: 2013-03-13
Data version: 2
Age of data: 139 months
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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
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Product

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Product Summary

Number borrowers519
Loan Amount (range)GHS 5,000 - 50,000
Loan Term (range)6 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Annual Interest & Method36.00%-40.00% annual, Flat
Fees2 fees
Insurance1.00%-4.00% ongoing
TaxNone
Comp Dep10.00% upfront
Range of pricing 
Interest Price Component46.3% - 64.7%
Fee Component6.8% - 18.2%
Insurance Component2.2% - 3.1%
Tax Component Range0
Full APR (int fee ins tax dep)69.6% - 94.5%
Transparency Index (min/max)22 - 52
Transparency Index (average)43

Product Summary

851,819
INR 16,000 - 50,000
24
Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
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% - 25.2%
87 - 93
92

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,736,210
Portfolio (USD)USD 1,896,553.30
Active Clients with Loans519
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Provides holistic financial support to small and medium scale entrepreneurs to enable them to acquire basic inputs to expand busiensses.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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 institution10
# Regions for this product10
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Product Details

Key Statistics
Outstanding portfolio (INR)INR 14,765,576,299
Portfolio (USD)USD 278,595,779.20
Active Clients with Loans851,819
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherGroup Based Individual Lending
Description
Loans of higher values for graduate borrowers from Suchana Loan to facilitate expansion of their enterprises
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other trainingx
OtherGroup Leadership Training
Other (2)Financial Literacy & Social Awareness
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 groupx
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
OtherMust be 18 years to 60 years
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product19
Regions ActiveAssam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal, Andaman and Nicobar IslandsDadra and Nagar Haveli, National Capital Territory of Delhi

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 5,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,50040%
GHS 7,500-10,00030%
GHS 10,000-13,00020%
Greater than GHS 13,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months60%
Between 10 and 12 months30%
Between 13 and 18 months0
Longer than 18 months0
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 paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 16,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,00070%
INR 25,000-35,00020%
INR 35,000-45,0005%
Greater than INR 45,0005%
Loan Term and Grace Period
Shortest loan term24.0 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 period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest40.00%
Reason(s) why interest rate variesTime as Client, Loan Purpose
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 FeeTraining 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?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionClient Welfare Fee
% of loan amount - min1.00%
% of loan amount - max4.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationVaries depending on loan term - 6 to 24 months. Fee is 2% p.a
Appears on Repayment Sched?No
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 paid8.00%
Maximum interest rate paid8.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest22.90%
Highest quoted nominal interest22.90%
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 variationService Tax Extra
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0.47%
% of loan amount - max0.97%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation4.68 / 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 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

SME samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 6,000GHS 8,500GHS 18,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-042013-02-182013-02-012013-03-08
Loan Term (Months)8.0 months6.0 months13.0 months13.0 months
Grace Period (Months)0.4 months0.5 months0.5 months0.5 months
Total Cost of CreditGHS 1,361GHS 2,052.62GHS 8,340.96GHS 6,900
True Price by Comp       
Interest price component46.3%63.5%61.2%60.9%
Fee Component10.3%13.1%6.8%6.8%
Insurance Component2.2%3.1%2.8%2.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component10.8%14.8%12.3%12.3%
Full APR (int fee ins tax dep)69.6%94.5%83.1%82.8%
Transparency Index52384343
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Srishti Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 18,000INR 30,000INR 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-162012-10-052012-10-17
Loan Term (Months)25.0 months24.0 months25.0 months
Grace Period (Months)-0.5 months-0.8 months0.2 months
Total Cost of CreditINR 4,879.49INR 8,092.48INR 10,785.64
True Price by Comp     
Interest price component22.5%22.9%22.5%
Fee Component1.0%1.1%1.0%
Insurance Component1.0%1.1%1.1%
Tax Component0.2%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)24.7%25.2%24.7%
MFIN MFI Earning (Annualised)23.5%24.0%23.5%
MFIN Cost to Borrower (Annualised)24.7%25.2%24.7%
Transparency Index939193
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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