Sahara Uttarayan - Small Loan product (12.5%) - MFTransparency.org Truth In Lending Tables

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Institution

Sahara Uttarayan Sahara Banerjee Para, 1st Sarani, Michaelnagar, Kol-700133Kolkata, West Bengal

Data approved: 2010-10-25

Data version: 1

Age of data: 171 months

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Product

Small Loan product (12.5%) Product 1 of 1 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 291,437,465
Portfolio (USD)	USD 5,498,820.09
Active Clients with Loans	61,128
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Tenor (in weeks)-45 ,Interest Rate-12.5%, LPC-1.9% of Principal Loan disbursement, credit insurance @ 0.6% of Principal Loan disbursement.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan	x
Agriculture
Education	x
Other household finance	x
Other	Cottage, Medical ,Marriage
Other (2)	Agri-Allied Business

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land	x
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

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 6,000
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	10.5 months
Longest loan term	10.5 months
Approx average	0

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	10%
Average grace period	1.0 month

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?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.90%
% of loan amount - max	1.90%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Premium
% of loan amount - min	0.60%
% of loan amount - max	0.60%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Small Loan product (12.5%) samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	INR 8,000	INR 8,000	INR 20,000	INR 20,000
Loan Cycle (1, 2, 3, etc)	1	1	4	3
Disbursement Date	2010-04-08	2010-05-13	2010-07-06	2010-07-06
Loan Term (Months)	10.5 months	10.5 months	10.5 months	10.5 months
Grace Period (Months)	1.0 month	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	31.9%	31.9%	31.9%	31.9%
Insurance Component	1.5%	1.5%	1.5%	1.5%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	7.4%	7.4%	7.4%	7.4%
Full APR (int fee ins tax dep)	40.8%	40.7%	40.7%	40.7%
MFIN MFI Earning (Annualised)	31.9%	31.9%	31.9%	31.9%
MFIN Cost to Borrower (Annualised)	40.8%	40.7%	40.7%	40.7%
Transparency Index	31	31	31	31
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

Small Loan product (12.5%) Price Graphs

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Key Statistics
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# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits

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