Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.bandhanmf.com/ |
Year established | 2002 |
Head of Institution | Chandra Shekhar Ghosh |
Regions active | Assam, 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 |
# Branches | 1700 |
Total Portfolio (nat'l) | INR 35,934,903,405 |
Total Portfolio (USD) | USD 678,017,045.40 |
Active clients with loans | 4,039,061 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Sa-dhan, MFIN, Alpha Microfinance Consultants(P) Ltd. (Alpha), AMFI (Association of Microfinance Institutions), W.B |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Suraksha Loan (Health Loan) | INR 1,000 - 10,000 | 12 | 100% | 20% - 40% | Other, It can be used only for emergency health needs. , Can NOT be used for business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness | |||||||
Suchana Loan | INR 1,000 - 15,000 | 12 | 100% | 20% - 40% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness | |||||||
Srishti Loan | INR 16,000 - 50,000 | 24 | 100% | 20% - 40% | Business | Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness | |||||||
Susikhsha Loan | INR 1,000 - 10,000 | 12 | 100% | 20% - 40% | Education | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness | |||||||
Fisheries Loan | INR 10,000 - 50,000 | 12 - 24 | 80% - 100% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have an access to waterland | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Leadership Training |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Suraksha Loan (Health Loan) | 19.8% - 19.9% | 21.9% - 22.1% | 22.2% - 22.3% | Yes | Yes | Yes | 100 | |||||||
Suchana Loan | 21.8% - 22.9% | 23.8% - 25% | 25.1% - 26.2% | Yes | Yes | Yes | 100 | |||||||
Srishti Loan | 22.5% - 22.9% | 23.5% - 24% | 24.7% - 25.2% | Yes | Yes | Yes | 100 | |||||||
Susikhsha Loan | 19.8% - 20.1% | 21.9% - 22.3% | 22.2% - 22.5% | Yes | Yes | Yes | 100 | |||||||
Fisheries Loan | 22.7% - 23.8% | 23.7% - 25.4% | 24.7% - 26.4% | Yes | Yes | Yes | 99 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Suraksha Loan (Health Loan) | 20.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 21.9% - 22.1% | 22.2% - 22.3% | 90 | ||||||||
Suchana Loan | 22.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 23.8% - 25% | 25.1% - 26.2% | 88 | ||||||||
Srishti Loan | 22.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 23.5% - 24% | 24.7% - 25.2% | 92 | ||||||||
Susikhsha Loan | 20.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 21.9% - 22.3% | 22.2% - 22.5% | 89 | ||||||||
Fisheries Loan | 22.9% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 23.7% - 25.4% | 24.7% - 26.4% | 90 |
Outstanding portfolio (PHP) | PHP 146,270,315 |
Portfolio (USD) | USD 3,499,289.83 |
Active Clients with Loans | 19,732 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Life Insurance |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 3,000 |
Maximum loan size | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Lowest quoted nominal interest | 25.00% |
Highest quoted nominal interest | 25.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Salamat Fund |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 5,000 | PHP 7,000 | PHP 15,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 4 | 2 | |||
Disbursement Date | 2011-03-28 | 2011-03-15 | 2011-03-08 | 2011-01-31 | |||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 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 | 70.1% | 70.1% | 70.1% | 70.1% | |||
Insurance Component | 33.7% | 7.1% | 3.3% | 1.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 2.3% | 1.2% | 0.6% | 0.3% | |||
Full APR (int fee ins tax dep) | 106.2% | 78.5% | 74.0% | 72.1% | |||
Transparency Index | 24 | 32 | 34 | 35 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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