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Institution
Data approved: 2010-10-25
Data version: 1
Age of data: - months
Description
Saral loan- Bihar, is provided to economically active women residing in slums/low income areas, generally involved in trade & services.Loans range between Rs.5,000 to Rs. 17,500. \r
Any purpose x Income generation Mortgage/housing Consumer loan Agriculture Education Other household finance Other Other (2)
Credit education x Group meetings x Credit insurance x Workplace visits Business training Other training Other Other (2) No other services
Men Women x 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency INR Minimum loan size INR 5,000 Maximum loan size 17,000
Shortest loan term 13.3 months Longest loan term 13.3 months Approx average 13.3 months
Loans 3 months or less N/A Between 4 and 6 months N/A Between 7 and 9 months N/A Between 10 and 12 months N/A Between 13 and 18 months N/A Longer than 18 months N/A
Daily Weekly x 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 interest 24.13% Highest quoted nominal interest 24.13% Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? N/A Is rate fixed for entire loan term Yes
Upfront Fees This product has no upfront fees Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Loan Processing Fees (includes insurance) % of loan amount - min 4.00% % of loan amount - max 4.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Appears on Repayment Sched?
Ongoing Insurance Fees This product has no ongoing insurance fees
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? No
Additional Comments
Free life insurance (Rs. 2,) to clients and accident insurance cover to clients and spouse (Rs. 25, each) is provided. The premium of Rs. 64.4 is paid by Arohan to the insurance companies. We will add Rs. 64.4 to the "insurance paid" field and deduct Rs. 64.4 from the total fees paid field.
Full Pricing Data
Saral Product - Bihar sample s
* The APR stated here is an MFTransparency term, definition and formula
Saral Product - Bihar Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Private \'For-Profit\' Institution Type Any Loan Purpose Arohan Institution IN-005-V01-P02 Product IN Country 2010 Year Range Number 1 Institution Data Version 0 2,000 4,000 6,000 8,000 10,000 Loan Size (all) 0% 10% 20% 30% Full APR (int fee ins tax dep) > 3,100 2,300 1,500 700 80 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
