Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sahayata.co.in/ |
Year established | 2007 |
Head of Institution | Ajay Verma |
Regions active | |
# Branches | 105 |
Total Portfolio (nat'l) | 0 |
Total Portfolio (USD) | 0 |
Active clients with loans | 0 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations |
Outstanding portfolio (MAD) | MAD 48,562,564 |
Portfolio (USD) | USD 5,713,242.82 |
Active Clients with Loans | 4,050 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
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 | Fonctionnaires |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa |
Currency | MAD |
Minimum loan size | MAD 4,000 |
Maximum loan size | 30,000 |
Loans less than MAD 5,000 | 10% |
MAD 5,000-15,000 | 40% |
MAD 15,000-25,000 | 30% |
MAD 25,000-35,000 | 20% |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 30.0 months |
Approx average | 23.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 60% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 28.50% |
Highest quoted nominal interest | 28.50% |
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 | Fee 2 | ||
---|---|---|---|
Description | Frais de dossier | Frais de Carnet | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 10 | |
Fixed amount - max | 0 | 10 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 5,000 | MAD 10,000 | MAD 20,000 | MAD 30,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2014-01-24 | 2014-01-17 | 2014-02-06 | 2014-02-21 | |||
Loan Term (Months) | 12.0 months | 18.0 months | 12.0 months | 30.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | -0.1 months | |||
Total Cost of Credit | MAD 968 | MAD 2,730 | MAD 3,842 | MAD 13,210 | |||
True Price by Comp | |||||||
Interest price component | 28.4% | 28.4% | 28.5% | 28.3% | |||
Fee Component | 6.3% | 4.3% | 6.1% | 2.7% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 34.7% | 32.7% | 34.6% | 31.0% | |||
Transparency Index | 82 | 87 | 82 | 92 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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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