Outstanding portfolio (INR) | INR 366,443 |
Portfolio (USD) | USD 6,914.02 |
Active Clients with Loans | 2,875 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | Jagruthi- Client Education Series |
Other (2) | Socio-Economic Development Workshop |
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 | x |
Household income <120,000 INR | x |
Must live in rural area | |
Must lives in urban area | |
Other | Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans. |
Other (2) | The member who opts for healthcare services under SNDPAP scheme is eligible for the loan. |
# Regions for this institution | 3 |
# Regions for this product | 1 |
Regions Active | Karnataka |
Currency | INR |
Minimum loan size | INR 500 |
Maximum loan size | 1,000 |
Loans less than INR 5,000 | 100% |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 0 |
INR 25,000-35,000 | 0 |
INR 35,000-45,000 | 0 |
Greater than INR 45,000 | 0 |
Shortest loan term | 2.6 months |
Longest loan term | 2.8 months |
Approx average | 2.6 months |
Loans 3 months or less | 100% |
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 | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 22.00% |
Highest quoted nominal interest | 22.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
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 | N/A |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 500 | INR 800 | INR 500 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-07 | 2013-02-07 | 2013-02-07 | ||
Loan Term (Months) | 2.6 months | 2.6 months | 2.6 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | INR 19.62 | INR 31.99 | INR 19.62 | ||
True Price by Comp | |||||
Interest price component | 22.6% | 22.9% | 22.6% | ||
Fee Component | 8.3% | 8.2% | 8.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 1.0% | 1.0% | 1.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.9% | 32.1% | 31.9% | ||
MFIN MFI Earning (Annualised) | 30.9% | 31.1% | 30.9% | ||
MFIN Cost to Borrower (Annualised) | 31.9% | 32.1% | 31.9% | ||
Transparency Index | 69 | 69 | 69 | ||
MFIN Transparency Index | 97 | 96 | 97 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.sisdo.org/ |
Year established | 1991 |
Head of Institution | Simon Maina |
Regions active | Central, Eastern, Nairobi, Rift Valley, Western |
# Branches | 16 |
Total Portfolio (nat'l) | KES 302,871,417 |
Total Portfolio (USD) | USD 3,657,867.36 |
Active clients with loans | 7,374 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Financing Loan | KES 20,000 - 50,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business, Housing | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Daraja Loan | KES 50,000 - 300,000 | 3 - 24 | 40% - 60% | 0% - 20% | Business, Only working capital | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Insurance - optional | |||||||
Farm Inputs Loan | KES 5,000 - 100,000 | 3 - 12 | 40% - 60% | 0% - 20% | Business | Women, Men, Must be a farmer | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Inua Loan | KES 5,000 - 300,000 | 3 - 18 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health insurance - optional | |||||||
School Fees Loan | KES 3,000 - 100,000 | 3 - 12 | 60% - 80% | 40% - 60% | Education | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Zero Grazing Loan | KES 10,000 - 300,000 | 3 - 18 | 40% - 60% | 20% - 40% | Agriculture, Improvement to shed, purchase of cow, chaff-cutter | Women, Men, Have business, Farmers only | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Health insurance - optional |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asset Financing Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 37.6% - 38.5% | 70.3% - 83.8% | 26 | ||||||||
Daraja Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 500.00 ongoing | 40.9% - 41% | 73% - 119.1% | 25 | ||||||||
Farm Inputs Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 30.9% - 41.8% | 58.3% - 148.4% | 27 | ||||||||
Inua Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 40.9% - 41.9% | 69.4% - 113% | 27 | ||||||||
School Fees Loan | 20.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 37.6% | 66.5% - 113.4% | 25 | ||||||||
Zero Grazing Loan | 22.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 100.00 ongoing | 39.2% - 41.8% | 69.2% - 87.7% | 29 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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