Please note that the information you are viewing is
140 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-02-08
Data version: 2
Age of data: 140 months
| 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 | |
3,131 Borrowers
USD 909,726.06 Portfolio
Active Product
21,648 Borrowers
USD 3,773,043.10 Portfolio
Active Product
Loan Products » Conditions
| 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 |
Loan Products » MFIN India Additional Information
| 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 |
Loan Products » Pricing Information
| 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 |
Please note that the information you are viewing is
160 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 5,376,605.87 |
| Portfolio (USD) | USD 128,626.93 |
| Active Clients with Loans | 160 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
For livestock (piggery, goats, poultry) activities
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Livestock-related expenses |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Values Formation |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) | |
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 | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 15,000 |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Loan Service Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
|---|
| Description | Loan Redemption Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| 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 | 5.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 200 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 4.00% |
| Interest payment frequency | Quarterly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Quarterly payment of interest on savings (2% for 1st - 3rd loan cycle, 4% for 4th cycle up); Life insurance not required for those with existing group loan; weekly repayment of interest and savings, lump sum payment of principal at end of term
Full Pricing Data
Livestock Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 7,000 | | PHP 8,000 | | PHP 14,000 | | PHP 14,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 10 | | 3 | | Not Known |
| Disbursement Date | 2011-04-20 | | 2011-03-30 | | 2011-02-17 | | 2011-03-17 |
| Loan Term (Months) | 4.0 months | | 4.0 months | | 4.0 months | | 4.0 months |
| Grace Period (Months) | 0.0 months | | 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 | 45.0% | | 46.1% | | 46.5% | | 44.6% |
| Insurance Component | 6.7% | | 6.8% | | 10.5% | | 6.6% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 5.2% | | 4.8% | | 4.4% | | 3.9% |
| Full APR (int fee ins tax dep) | 57.0% | | 57.7% | | 61.4% | | 55.1% |
| Transparency Index | 63 | | 62 | | 59 | | 65 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Livestock Loan Price Graphs
