Saija Finance Pvt. Ltd. - Saija Karobar Rin - Business JLG - MFTransparency.org Truth In Lending Tables

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Institution

Saija Finance Pvt. Ltd. Uma Complex, 3rd FloorFraser RoadPatna, BahirPO Box 800001

Data approved: 2013-02-08

Data version: 2

Age of data: 139 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 48,215,481.10
Portfolio (USD)	USD 909,726.06
Active Clients with Loans	3,131
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Business loan is targated at borrowers involved in income generating activities. Loan repayment is on every other day or alternate day basis and collection is on door step from group leader. There are no group meetings associated with this product.

Loan Purpose

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

Included Services

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

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	x
Household income <60,000 INR	x
Household income <120,000 INR	x
Must live in rural area	x
Must lives in urban area	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Bihar

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	15%
INR 15,000-25,000	50%
INR 25,000-35,000	30%
INR 35,000-45,000	5%
Greater than INR 45,000	5%

Loan Term and Grace Period

Shortest loan term	11.5 months
Longest loan term	24.0 months
Approx average	15.0 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	60%
Between 13 and 18 months	40%
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	26.00%
Highest quoted nominal interest	26.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0.88%
% of loan amount - max	0.88%
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	Insurance Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	51
Fixed amount - max	51
Reason for variation	Insurance is 51 per 10,000 INR. Cover includes spouse.
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?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

Saija Karobar Rin - Business JLG samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	INR 5,000	INR 10,000	INR 20,000	INR 30,000	INR 40,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-09-25	2012-12-27	2012-11-16	2012-12-31	2012-10-31
Loan Term (Months)	11.0 months	12.0 months	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.1 months	0.2 months	0.2 months	0.1 months	0.0 months
Total Cost of Credit	INR 667	INR 1,605	INR 6,168	INR 9,286	INR 12,055
True Price by Comp
Interest price component	26.0%	25.9%	25.9%	26.3%	25.9%
Fee Component	2.0%	1.7%	0.9%	0.9%	0.9%
Insurance Component	0.0%	1.0%	0.5%	0.6%	0.6%
Tax Component	0.3%	0.2%	0.2%	0.1%	0.1%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	28.3%	28.8%	27.5%	27.9%	27.5%
MFIN MFI Earning (Annualised)	28.0%	27.6%	26.8%	27.2%	26.8%
MFIN Cost to Borrower (Annualised)	28.3%	28.8%	27.5%	27.9%	27.5%
Transparency Index	92	90	95	93	94
MFIN Transparency Index	100	100	100	99	100

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

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

Saija Karobar Rin - Business JLG Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACLEDA	235,200	215,086,000	6	167
AMK	288,200	63,784,000	16	139
AMRET	299,500	149,542,000	8	139
Chamroeun	48,100	7,480,000	4	120
Farmer Finance	200	407,000	1	139
First Finance	500	5,819,000	1	139
HKL	73,400	93,842,000	3	139
KREDIT	61,800	59,319,000	9	139
Maxima	2,900	3,179,000	3	139
PRASAC	138,500	251,931,000	9	139
Seilanithih	15,200	7,516,000	5	139
SPN	35,100	29,828,000	6	139
TPC	120,000	45,931,000	13	139
VF Cambodia	148,600	48,984,000	18	139

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 Country

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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

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

Saija Karobar Rin - Business JLG samples

Saija Karobar Rin - Business JLG Price Graphs

Total Borrowers of Samples

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