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. PCSD
Please note that the information you are viewing is 158 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
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Institution

People's Center for Sustainable Development Purok 3, ArimbayLegaspi City, Albay4500
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Product

Saral Monthly Product 5 of 6 « Prev | Next »

Product

Livelihood Loan Product 1 of 1 « 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

717
PHP 1,000 - 60,000
1 - 12
Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training, Social Services, Spiritual formation (Bible study), Environmental projects - maintenance of forest park, tree planting, waste management, skills trainin
24.0%-36.0% annual, Flat
1.70%-2.00% upfront 1.70%-2.00% upfront
100.00 upfront 0.50%-1.00% upfront
None
2.0% upfront 100.00 ongoing
 
N/A
48.1% - 95.4% (Int+Fee)
9.1% - 103.0%
0
88.9% - 175.8%
14 - 27
21

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 (PHP)PHP 7,000,000
Portfolio (USD)USD 167,464.11
Active Clients with Loans717
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loans extended to members for income-generating activities
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 insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherSocial Services, Spiritual formation (Bible study)
Other (2)Environmental projects - maintenance of forest park, tree planting, waste management, skills trainin
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
OtherHas no history of loan delinquency
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
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
CurrencyPHP
Minimum loan sizePHP 1,000
Maximum loan size60,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average3.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
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 interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesLoan Size, Client Risk, Collateral, Loan Purpose, < 2000 - 2% 200001 - 350000 - 2.5% 35001 - 60,000 - 3%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService ChargeOrganizational Devt. Fund (ODF)
% of loan amount - min1.70%1.70%
% of loan amount - max2.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionPension Plan (per month)Loan Insurance
% of loan amount - min00.50%
% of loan amount - max01.00%
OR, Fixed amount - min1000
Fixed amount - max1000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaIf loan is payable within 1 month, no retention fund detection
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited2.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 100 - N/A
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
ODF - maximum amount of P5 per year per member. Used for expenses incurred during AGM, Christmas party and skills training. Mutual Benefit Fund Contribution - P25 x loan term in months; provides hospitalization allowance and death benefit (P2,-1,). CBU: 1 per month Interest rebates are given to those with good repayment record. Interest is recomputed based on diminishing balance. Loan insurance - .5% if less than 6 months, 1% if more than 6 months Interest is pre-deducted from the loan. Collection charge is collected from borrowers who do not voluntarily go to the PCSD office to remit their payment.

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

Livelihood Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 30,000PHP 60,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-08-162011-07-182011-07-082011-07-282011-07-08
Loan Term (Months)3.0 months8.0 months3.3 months3.3 months3.3 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component57.9%48.1%66.6%95.4%76.1%
Insurance Component103.0%52.9%24.2%15.7%9.1%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component14.9%13.4%4.9%5.4%3.7%
Full APR (int fee ins tax dep)175.8%114.4%95.7%116.6%88.9%
Transparency Index1421252127
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Saral Monthly Price Graphs


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Livelihood Loan Price Graphs


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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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