Saadhana Microfin Society - General Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 170 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 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Saadhana Microfin Society # 50-760A-116, 02nd Floor,Gayatri EstatesKurnool, Andhra Pradesh518002

Data approved: 2010-11-15

Data version: 1

Age of data: 170 months

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Institution

Khushhali Bank Limited 4th Floor, 94 west, Jinnah AvenueIslamabad, Federal44000

Data approved: 2015-04-20

Data version: 2

Age of data: 113 months

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Product

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Product

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Product Summary

Number borrowers	89,438
Loan Amount (range)	INR 8,000 - 22,000
Loan Term (range)	12
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method	12.5% annual, Flat
Fees	1.00%-2.00% upfront
Insurance	145.00 upfront
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	N/A
Fee Component	26.2% - 27.7% (Int+Fee)
Insurance Component	0 - 4.4%
Tax Component Range	0
Full APR (int fee ins tax dep)	28.3% - 32.2%
Transparency Index (min/max)	39 - 45
Transparency Index (average)	41

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 611,010,500
Portfolio (USD)	USD 11,528,500
Active Clients with Loans	89,438
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other	A fast track model - drawn upon the positive features of 'Grameen' and 'SHG' methodology.\r

Description

The primary purpose of this loan is income generation. There is a ceiling amount for different loan cycles that ranges from Rs.8000 - Rs.22000. The loan bears an interest of 12.5 % (flat) and is repayable in 50 weeks.

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	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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
Household income <120,000 INR
Must live in rural area
Must lives in urban area
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

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (PKR)	PKR 6,987,900
Portfolio (USD)	USD 68,621.18
Active Clients with Loans	65
Approximate % Female Clients	N/A
Approximate % Urban Clients	N/A

Description

N/A

Loan Purpose

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

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	6
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 8,000
Maximum loan size	22,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 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	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	12.50%
Highest quoted nominal interest	12.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
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	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Documentation Charges + Insurance (Saadhana Social Security Scheme)
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	145
Fixed amount - max	145
Reason for variation	N/A
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?	No

Are taxes charged on this product?

Full Pricing Data

General Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 10,000	INR 10,000	INR 20,000	INR 20,000
Loan Cycle (1, 2, 3, etc)	1	1	6	7
Disbursement Date	2010-06-01	2010-06-01	2010-06-01	2010-06-01
Loan Term (Months)	11.7 months	11.7 months	11.7 months	11.7 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	27.7%	27.7%	26.2%	26.2%
Insurance Component	4.4%	4.4%	2.2%	2.2%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	32.2%	32.2%	28.3%	28.3%
MFIN MFI Earning (Annualised)	27.7%	27.7%	26.2%	26.2%
MFIN Cost to Borrower (Annualised)	32.2%	32.2%	28.3%	28.3%
Transparency Index	39	39	44	44
MFIN Transparency Index	N/A	N/A	N/A	N/A

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

* The APR stated here is an MFTransparency term, definition and formula

General 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
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By Inst Type


By Country

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Institution

Institution

Product

Product

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

Description

Loan Purpose

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Distribution at Disbursement (Est.)

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

Full Pricing Data

General Loan samples

General Loan Price Graphs

Total Borrowers of Samples

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