2. Arohan
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
  2. MKL
Please note that the information you are viewing is 117 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West BengalPO Box 700107
Data approved: 2012-11-22
Data version: 2
Age of data: 139 months
Choose version
  • No previous version for this product.

Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100
Data approved: 2015-03-27
Data version: 1
Age of data: 117 months

Product

Saral Monthly Product 5 of 6 « Prev | Next »

Product

Nawiri ( Group business Loan) Product 1 of 6 « Prev | Next »

Product Summary

Number borrowers37,941
Loan Amount (range)INR 5,000 - 15,000
Loan Term (range)15
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method28.4% annual, Decl Bal
Fees1.00% upfront
Insurance0.73%-0.74% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.0% - 31.1%
Fee Component1.6% - 2.3%
Insurance Component1.1% - 1.4%
Tax Component Range0.2% - 0.5%
Full APR (int fee ins tax dep)29.1% - 34.4%
Transparency Index (min/max)83 - 98
Transparency Index (average)91

Product Summary

14,176
KES 5,000 - 140,000
3 - 12
Credit Educ, Group Mtgs, Business Training, Other Training
20.0% annual, Flat
3.00% upfront
None
None
20.0% upfront
 
34.7% - 93.6%
0 - 12.6%
0
0
60.4% - 74.3%
27 - 96
30

Product Details

Key Statistics
Outstanding portfolio (INR)INR 377,601,000
Portfolio (USD)USD 7,124,547.17
Active Clients with Loans37,941
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Saral Monthly loan is provided to economically active women residing in slums or low income areas and involved in trade and service activities. The loan ranges between Rs. 5000 to Rs. 15000.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
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 institution3
# Regions for this product3
Regions ActiveAssam, Bihar, West Bengal

Product Details

Key Statistics
Outstanding portfolio (KES)KES 341,540,495
Portfolio (USD)USD 4,124,885.21
Active Clients with Loans14,176
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Business loan that is the flagship product for group clients
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 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 institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
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 term15.0 months
Longest loan term15.0 months
Approx averageDK
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 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
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
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size140,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest28.40%
Highest quoted nominal interest28.40%
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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.73%
% of loan amount - max0.74%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
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
Additional Comments
Arohan displays Annual Percent Rates in the passbook. APR as mentioned for the product is 29.8%

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionupfront fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
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 paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Saral Monthly samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 5,000INR 10,000INR 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-272012-10-062012-10-282012-10-27
Loan Term (Months)15.0 months15.0 months16.0 months15.0 months
Grace Period (Months)-0.7 months0.0 months0.4 months-0.7 months
Total Cost of CreditINR 1,092.68INR 997.19INR 2,185.36INR 1,985.36
True Price by Comp       
Interest price component31.1%26.0%26.8%28.5%
Fee Component1.8%1.6%1.6%1.7%
Insurance Component1.3%1.2%1.1%1.4%
Tax Component0.2%0.3%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)34.4%29.1%29.7%31.8%
MFIN MFI Earning (Annualised)32.9%27.6%28.4%30.2%
MFIN Cost to Borrower (Annualised)34.4%29.1%29.7%31.8%
Transparency Index83989689
MFIN Transparency Index91100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Nawiri ( Group business Loan) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
KES 70,000 Real 2015-03-09 11.1 months N/A KES 15,023 63.8% 35.7% 6.6% 0.0% 0.0% 21.5% 31 PDF PDF
KES 70,000 Generated 2015-03-01 11.5 months N/A KES 15,551.51 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 20,000 Real 2015-03-26 5.7 months N/A KES 2,631 67.4% 34.9% 11.2% 0.0% 0.0% 21.3% 30 PDF PDF
KES 20,000 Generated 2015-03-01 5.5 months N/A KES 2,444.78 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 15,000 Generated 2015-03-01 5.5 months N/A KES 1,833.58 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 25,000 Generated 2015-03-01 5.5 months N/A KES 3,055.97 74.3% 35.9% 12.6% 0.0% 0.0% 25.8% 27 - PDF
KES 45,000 Generated 2015-03-01 11.5 months N/A KES 9,997.40 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
KES 90,000 Generated 2015-03-01 12.0 months N/A KES 20,736 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 135,000 Generated 2015-03-01 12.0 months N/A KES 31,104 60.4% 34.7% 6.0% 0.0% 0.0% 19.7% 33 - PDF
KES 150,000 Generated 2015-03-01 11.5 months N/A KES 33,324.66 64.7% 36.3% 6.5% 0.0% 0.0% 21.9% 31 - PDF
Saral Monthly Price Graphs


Click to view Price Analysis Tool
Nawiri ( Group business Loan) Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞