2. Saadhana
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
  2. FMFC
Please note that the information you are viewing is 135 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

Institution

Fanikiwa Microfinance Company Limited Head OfficeDar Es SalaamPO Box 8695
Data approved: 2013-03-13
Data version: 2
Age of data: 135 months
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Product Summary

Number borrowers89,438
Loan Amount (range)INR 8,000 - 22,000
Loan Term (range)12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method12.5% annual, Flat
Fees1.00%-2.00% upfront
Insurance145.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component26.2% - 27.7% (Int+Fee)
Insurance Component0 - 4.4%
Tax Component Range0
Full APR (int fee ins tax dep)28.3% - 32.2%
Transparency Index (min/max)39 - 45
Transparency Index (average)41

Product Summary

1,342
TZS 50,000 - 2,000,000
3 - 12
Business Training
30.00% annual, Flat
2 fees
1.00% upfront
None
10.00% upfront
 
40.4% - 49.9%
2.4% - 9.2%
1.4% - 3.8%
0
68.7% - 75.8%
36 - 44
41

Product Details

Key Statistics
Outstanding portfolio (INR)INR 611,010,500
Portfolio (USD)USD 11,528,500
Active Clients with Loans89,438
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherA 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 generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
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 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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (TZS)TZS 323,656,000
Portfolio (USD)USD 203,557.23
Active Clients with Loans1,342
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
A community banking product designed to provide credit services to micro-entrepreneurs who are in groups of 5-25 persons.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other training
Other
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 institution3
# Regions for this product5
Regions ActiveArusha, Dar es Salaam, Mwanza, Tanga, Zanzibar Central/South

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size22,000
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 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

Loan Conditions

Loan Amount
CurrencyTZS
Minimum loan sizeTZS 50,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than TZS 350,00030%
TZS 350,000-1,250,00050%
TZS 1,250,000-2,000,00020%
TZS 2,000,000-3,000,0000
TZS 3,000,000-4,000,0000
Greater than TZS 4,000,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months60%
Between 7 and 9 months20%
Between 10 and 12 months15%
Between 13 and 18 months0
Longer than 18 months0
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 interest12.50%
Highest quoted nominal interest12.50%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max2.00%
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
Ins 1
DescriptionDocumentation Charges + Insurance (Saadhana Social Security Scheme)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min145
Fixed amount - max145
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

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionRegistration FeeApplication Fee
% of loan amount - min1.00%0
% of loan amount - max1.00%0
OR, Fixed amount - min03,000
Fixed amount - max03,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Insurance Fund
% 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 Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited2.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
On each installment payment customers have to make additional 2% as savings

Full Pricing Data

General Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 10,000INR 20,000INR 20,000
Loan Cycle (1, 2, 3, etc)1167
Disbursement Date2010-06-012010-06-012010-06-012010-06-01
Loan Term (Months)11.7 months11.7 months11.7 months11.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component27.7%27.7%26.2%26.2%
Insurance Component4.4%4.4%2.2%2.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%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 Index39394444
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Jamii Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountTZS 200,000TZS 300,000TZS 500,000TZS 1,500,000TZS 2,000,000
Loan Cycle (1, 2, 3, etc)31234
Disbursement Date2013-01-112013-01-112013-02-082013-01-282013-01-28
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditTZS 37,000TZS 54,000TZS 88,000TZS 258,000TZS 343,000
True Price by Comp         
Interest price component49.9%49.9%49.6%49.1%49.1%
Fee Component9.2%7.3%5.8%4.4%4.2%
Insurance Component3.8%3.8%3.7%3.6%3.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component12.9%12.5%12.3%11.8%11.7%
Full APR (int fee ins tax dep)75.8%73.5%71.4%68.9%68.7%
Transparency Index4041424444
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
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Jamii 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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