Bandhan Financial Services Private Limited - Srishti 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

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

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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Institution

Taytay Sa Kauswagan, Inc. A & L Building, E. Lopez SreetJaroIloilo City, Iloilo/Region VI5000

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

Srishti Loan Product 8 of 10 « Prev | Next »

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Product Summary

Number borrowers	851,819
Loan Amount (range)	INR 16,000 - 50,000
Loan Term (range)	24
Other Services (text summary)	Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Annual Interest & Method	22.9% annual, Decl Bal
Fees	1.00% upfront
Insurance	0.47%-0.97% upfront
Tax	12.36% fees
Comp Dep	N/A
Range of pricing
Interest Price Component	19.8% - 23.8%
Fee Component	0.9% - 2.2%
Insurance Component	0 - 1.1%
Tax Component Range	0.1% - 0.3%
Full APR (int fee ins tax dep)	24.7% - 25.2%
Transparency Index (min/max)	87 - 93
Transparency Index (average)	92

Product Summary

6,341
PHP 10,000 - 50,000
3 - 6
Credit Ins, Business Training, Other Training
30.0% annual, Flat
100.00 upfront 4.00% upfront
75.00-469.00 upfront
0.25% loan amt
10.00% ongoing

N/A
49.2% - 61.2% (Int+Fee)
7.9% - 9.5%
1.0% - 2.0%
63.0% - 79.0%
26 - 48
42

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 14,765,576,299
Portfolio (USD)	USD 278,595,779.20
Active Clients with Loans	851,819
Approximate % Female Clients	100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other	Group 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 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
Business training
Other training	x
Other	Group Leadership Training
Other (2)	Financial Literacy & Social Awareness
No other services

Eligibility

Men
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 be 18 years to 60 years
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	18
# Regions for this product	19
Regions Active	Assam, 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

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 169,434,204
Portfolio (USD)	USD 4,053,449.86
Active Clients with Loans	6,341
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Individual Loan

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training	x
Other training	x
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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 16,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	0
INR 15,000-25,000	70%
INR 25,000-35,000	20%
INR 35,000-45,000	5%
Greater than INR 45,000	5%

Loan Term and Grace Period

Shortest loan term	24.0 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	0.3 months

Repayment Frequency

Daily
Weekly	x
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	PHP
Minimum loan size	PHP 10,000
Maximum loan size	50,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

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	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

Pricing Information

Interest

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	2.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Notarial Fee	Service Charge
% of loan amount - min	0	4.00%
% of loan amount - max	0	4.00%
OR, Fixed amount - min	100	0
Fixed amount - max	100	0
Reason for variation		N/A
Appears on Repayment Sched?	Yes	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	MicroEnsure
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	75
Fixed amount - max	469
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	0
All or some fees taxed	N/A

Full Pricing Data

Srishti Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 18,000	INR 30,000	INR 40,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-10-16	2012-10-05	2012-10-17
Loan Term (Months)	25.0 months	24.0 months	25.0 months
Grace Period (Months)	-0.5 months	-0.8 months	0.2 months
Total Cost of Credit	INR 4,879.49	INR 8,092.48	INR 10,785.64
True Price by Comp
Interest price component	22.5%	22.9%	22.5%
Fee Component	1.0%	1.1%	1.0%
Insurance Component	1.0%	1.1%	1.1%
Tax Component	0.2%	0.1%	0.1%
Deposit Component	0.0%	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 Index	93	91	93
MFIN Transparency Index	100	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

Full Pricing Data

OKEY samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 15,000	PHP 15,000	PHP 30,000	PHP 30,000
Loan Cycle (1, 2, 3, etc)	3	1	3	1
Disbursement Date	2011-05-31	2011-06-27	2011-06-30	2011-07-29
Loan Term (Months)	3.0 months	3.0 months	3.0 months	3.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	61.2%	59.9%	49.2%	52.9%
Insurance Component	9.5%	9.3%	7.9%	8.5%
Tax Component	2.0%	2.0%	1.7%	1.8%
Deposit Component	6.4%	6.1%	4.3%	5.0%
Full APR (int fee ins tax dep)	79.0%	77.2%	63.0%	68.2%
Transparency Index	38	39	48	44

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

Srishti Loan Price Graphs

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OKEY 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

	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

Loan Term and Grace Period

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

Full Pricing Data

Srishti Loan samples

Full Pricing Data

OKEY samples

Srishti Loan Price Graphs

OKEY Price Graphs

Total Borrowers of Samples

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