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

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

Product

Micro Enterprise Development Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 27,471,300
Portfolio (USD)USD 518,326.42
Active Clients with Loans1,491
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
‘Micro-Enterprise Development Loan' is offered to clients from 03rd Cycle @12.50% rate of interest repayable in 50 weeks. This loan is meant for expanding the existing business. Loan size ranges from 25,000 to 50,000 depends upon the project.
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 25,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average0
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

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

Full Pricing Data

Micro Enterprise Development Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 30,000INR 30,000INR 40,000INR 40,000
Loan Cycle (1, 2, 3, etc)6677
Disbursement Date2010-05-312010-05-312010-06-012010-06-01
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 Component27.8%27.8%27.6%27.6%
Insurance Component0.0%0.0%0.0%0.0%
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)27.8%27.8%27.6%27.6%
MFIN MFI Earning (Annualised)27.8%27.8%27.6%27.6%
MFIN Cost to Borrower (Annualised)27.8%27.8%27.6%27.6%
Transparency Index45454545
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Micro Enterprise Development Loan Price Graphs


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  2. Mbinga
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

Mbinga Community Bank Ltd Head QuartersMbinga, RuvumaPO Box 290
Data approved: 2013-03-20
Data version: 2
Age of data: 135 months
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Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addressN/A
Year established2003
Head of InstitutionShedehva Optat
Regions activeRuvuma
# Branches1

Total Portfolio (nat'l)TZS 4,748,143,743
Total Portfolio (USD)USD 2,986,253.93
Active clients with loans1,069.80
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsCommunity Bank Association
FundersFinancial Sector Deepening, Agricultural Trust Fund

Loan Products » Summary

Salary
86 Borrowers
USD 186,986.65 Portfolio
Active Product
Business
58 Borrowers
USD 1,104,205.77 Portfolio
Active Product
Solidarity
882.70 Borrowers
USD 1,695,061.51 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Salary Loan TZS 300,000 - 6,000,000 12 60% - 80% 40% - 60% Any Purpose Women, Men, Salaried worker Group Mtgs, Business Training
Small Business Loan TZS 1,000,000 - 45,000,000 3 - 18 20% - 40% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Solidarity Group Loan TZS 500,000 - 3,500,000 1 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Must run agricultural activities or business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Salary Loan 24.00% annual, Flat 2 Fees 1 Ins None N/A 48.7% - 57.2% 50% - 59.8% 41
Small Business Loan 10.00%-24.00% annual, Flat 3 Fees 1 Ins None N/A 58.6% - 71.7% 61.2% - 77% 15
Solidarity Group Loan 10.00%-30.00% annual, Flat 2 Fees 1 Ins None 30.00% upfront 14.2% - 94.9% 22.9% - 242.9% 8
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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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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