Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.saija.in/ |
Year established | 2007 |
Head of Institution | S. R. Sinha |
Regions active | Bihar |
# Branches | 7 |
Total Portfolio (nat'l) | INR 248,186,765.50 |
Total Portfolio (USD) | USD 4,682,769.16 |
Active clients with loans | 24,779 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Saija Karobar Rin - Business JLG | INR 5,000 - 50,000 | 11.5 - 24 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH | Credit Ins | |||||||
Saija Mahila Rin - Household JLG | INR 5,000 - 50,000 | 11.5 - 24 | 80% - 100% | 100% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH | Group Mtgs, Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Saija Karobar Rin - Business JLG | 25.9% - 26.3% | 26.8% - 28% | 27.5% - 28.8% | Yes | Yes | Yes | 100 | |||||||
Saija Mahila Rin - Household JLG | 25.9% - 26% | 26.8% - 28% | 27.4% - 29.5% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Saija Karobar Rin - Business JLG | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.8% - 28% | 27.5% - 28.8% | 92 | ||||||||
Saija Mahila Rin - Household JLG | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.8% - 28% | 27.4% - 29.5% | 92 |
Outstanding portfolio (PKR) | PKR 146,739,083 |
Portfolio (USD) | USD 1,440,977.80 |
Active Clients with Loans | 9,912 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | PKR |
Minimum loan size | PKR 15,000 |
Maximum loan size | 75,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 5.00% |
% of loan amount - max | 5.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 10.00% |
Maximum interest rate paid | 10.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 15,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 3,758.22 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 18,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 4,509.86 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 20,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,010.96 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 23,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 5,762.60 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 25,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 6,263.70 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 35,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 8,769.18 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 45,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 11,274.66 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - | |
PKR 65,000 | Generated | 2015-06-01 | 12.0 months | N/A | PKR 16,285.62 | 48.9% | 34.6% | 10.0% | 0.0% | 0.0% | 4.3% | 41 | - |
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 |
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