2. BSFL
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FCB
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
Data version: 2
Age of data: 140 months
Choose version

Institution

FCB Foundation 10 Mendoza St.Tagbilaran City, Bohol6300
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

Samruddhi Agri Allied Loan Product 1 of 3 « Prev | Next »

Product

Hiram (Group Loan) Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers64,244
Loan Amount (range)INR 15,000 - 50,000
Loan Term (range)23 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method24.0% annual, Decl Bal
Fees1.00% upfront
Insurance0.43% ongoing Y
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component22.9% - 23.8%
Fee Component0.7% - 1.9%
Insurance Component3.9% - 4.5%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)28.5% - 29.5%
Transparency Index (min/max)81 - 84
Transparency Index (average)83

Product Summary

10,000
PHP 3,000 - 100,000
6
Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance
24.0% annual, Flat
6.00% ongoing
100.00 upfront
0.25% loan amt
4.0% upfront 20.00 ongoing
 
N/A
68.6% (Int+Fee)
0.1% - 14.6%
1.1% - 7.0%
81.7% - 111.2%
22 - 58
27

Product Details

Key Statistics
Outstanding portfolio (INR)INR 364,461,070
Portfolio (USD)USD 6,876,623.96
Active Clients with Loans64,244
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
For Agri Allied Products
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
OtherFor improving dairy livelihoods and buying inputs
Other (2)purchase of mulch animals,procurement of fodder
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
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
OtherJoint Liability Group
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product15
Regions ActiveAndhra Pradesh, Bihar, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 70,000,000
Portfolio (USD)USD 1,674,641.15
Active Clients with Loans10,000
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credit extended to borrowers for income-generating activities, using group lending methodology
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
OtherBookeeping, consultancy
Other (2)Mortuary Fund/Life Insurance
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have experience running a business
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 15,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,00090%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term23.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period1.0 month
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 3,000
Maximum loan size100,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest24.00%
Highest quoted nominal interest24.00%
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 variationN/A
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
Ins 1Ins 2
DescriptionCredit PlusHealth Insurance
% of loan amount - min0.43%0
% of loan amount - max0.43%0
OR, Fixed amount - min0130
Fixed amount - max0130
Reason for variation4.26 per thousand per person per monthRs. 130 per person
Appears on Repayment Sched?YesYes
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

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionService Charge (amortized)
% of loan amount - min6.00%
% of loan amount - max6.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
Ins 1
DescriptionMortuary Fund
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited4.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 20
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Borrower can withdraw from savings only after 2 loan cycles. Insurance is in-house. For loan amounts greater than P5, FCB has tie-up with Paramount Insurance. CBU is withdrawable only upon exit from the program. 2% of CBU is transferred to time deposit. Savings is withdrawable any time as long as 1% of loan amount is maintained

Full Pricing Data

Samruddhi Agri Allied Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 18,000INR 20,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-04-262013-05-272013-05-27
Loan Term (Months)26.0 months36.0 months36.0 months
Grace Period (Months)0.4 months0.4 months0.3 months
Total Cost of CreditINR 6,324.25INR 9,994.72INR 9,921.72
True Price by Comp     
Interest price component23.8%23.8%23.8%
Fee Component1.0%0.7%0.7%
Insurance Component4.5%3.9%4.0%
Tax Component0.2%0.1%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.5%28.5%28.6%
MFIN MFI Earning (Annualised)24.8%24.5%24.5%
MFIN Cost to Borrower (Annualised)29.5%28.5%28.6%
Transparency Index818484
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Hiram (Group Loan) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 6,000PHP 15,000PHP 28,000PHP 60,000PHP 90,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-09-022011-03-102011-03-142011-07-212011-07-152011-07-12
Loan Term (Months)5.8 months5.8 months6.0 months5.8 months5.8 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component68.6%68.6%68.6%68.6%68.6%68.6%
Insurance Component14.6%7.2%2.9%1.5%0.4%0.4%
Tax Component7.0%7.0%6.9%6.9%6.9%6.9%
Deposit Component20.9%12.1%7.9%6.7%6.0%5.8%
Full APR (int fee ins tax dep)111.2%94.9%86.3%83.7%81.9%81.7%
Transparency Index222528292929
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Samruddhi Agri Allied Loan Price Graphs


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Hiram (Group 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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