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
  2. Finamerica
Please note that the information you are viewing is 166 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

Finamerica Calle 16 # 6-66 piso 4Bogotá, Cundinamarca
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Product

Susikhsha Loan Product 9 of 10 « Prev | Next »

Product

Crédito preferencial ( Credipremium) Product 2 of 7 « Prev | Next »

Product Summary

Number borrowers2,575
Loan Amount (range)INR 1,000 - 10,000
Loan Term (range)12
Other Services (text summary)Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Annual Interest & Method20.0% annual, Decl Bal
Fees1.00% upfront
InsuranceNone
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component19.8% - 23.8%
Fee Component0.9% - 2.2%
Insurance Component0 - 1.1%
Tax Component Range0.1% - 0.3%
Full APR (int fee ins tax dep)22.2% - 22.5%
Transparency Index (min/max)87 - 93
Transparency Index (average)89

Product Summary

6,585
COP 772,500 - 83,430,000
6 - 59
Other Training, Programa Afinidad ( tarjeta club finamigos)
10.2%-28.7% annual, Decl Bal
4.50%-7.50% upfront 3,500.00 upfront
0.34% upfront
None
N/A
 
N/A
14.6% - 28.0% (Int+Fee)
0.6% - 0.8%
0
15.4% - 28.8%
18 - 143
45

Product Details

Key Statistics
Outstanding portfolio (INR)INR 5,305,683
Portfolio (USD)USD 100,107.23
Active Clients with Loans2,575
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherGroup Based Individual Lending
Description
Financial assistance to spread of education
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
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 business
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 have completed 1 loan cycle
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution18
# Regions for this product18
Regions ActiveAssam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West BengalDadra and Nagar Haveli, National Capital Territory of Delhi

Product Details

Key Statistics
Outstanding portfolio (COP)COP 33,823,600,344
Portfolio (USD)USD 18,584,395.79
Active Clients with Loans6,585
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Línea de crédito que premia el excelente manejo crediticio de los clientes antiguos de Finamérica; otorgando una tasa preferencial y montos preaprobados para un desembolso más ágil.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
OtherPrograma Afinidad ( tarjeta club finamigos)
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 1,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than INR 5,00070%
INR 5,000-15,00030%
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 term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
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

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 772,500
Maximum loan size83,430,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term59.0 months
Approx average19.1 months
Grace Period
Grace period usage0
Average grace period0
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

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
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
This product has no upfront insurance fees
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
No Penalty in case of default. No prepayment charges

Pricing Information

Interest
Lowest quoted nominal interest10.16%
Highest quoted nominal interest28.66%
Reason(s) why interest rate variesTime as Client, Client Risk, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1Fee 2
DescriptionComision ley MipymeComision por consulta centrales de riesgo (solamente para algunos prestamos de este producto)
% of loan amount - min4.50%0
% of loan amount - max7.50%0
OR, Fixed amount - min03,500
Fixed amount - max03,500
Reason for variationQue se paga por los gasto de originaciòn , seguimiento y cobranza del crÚdito. (se cobra anualmenteN/A
Appears on Repayment Sched?YesYes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionSeguro de vida por el monto desembolsado (se cobra anualmente)
% of loan amount - min0.34%
% of loan amount - max0.34%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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?No

Full Pricing Data

Susikhsha Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 2,000INR 3,000INR 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-05-252012-03-222012-03-09
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 222.47INR 333.71INR 556.18
True Price by Comp     
Interest price component19.8%20.1%19.8%
Fee Component2.1%2.2%2.1%
Insurance Component0.0%0.0%0.0%
Tax Component0.3%0.2%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.2%22.5%22.2%
MFIN MFI Earning (Annualised)21.9%22.3%21.9%
MFIN Cost to Borrower (Annualised)22.2%22.5%22.2%
Transparency Index908990
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Crédito preferencial ( Credipremium) samples
Sample 1Sample 2Sample 3
Loan AmountCOP 4,000,000COP 13,260,000COP 42,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-302011-04-182011-04-30
Loan Term (Months)24.0 months36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component27.9%28.0%14.6%
Insurance Component0.8%0.8%0.8%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.7%28.8%15.4%
Transparency Index353566
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Susikhsha Loan Price Graphs


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Crédito preferencial ( Credipremium) 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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