Samasta Microfinance Limited - Income Generation Loan - MFTransparency.org Truth In Lending Tables

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Institution

Samasta Microfinance Limited 4th Cross, 414/5Wilson Garden,Bangalore, KarnatakaPO Box 560027

Data approved: 2013-01-21

Data version: 2

Age of data: 140 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 241,916,409
Portfolio (USD)	USD 4,564,460.55
Active Clients with Loans	44,713
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

It is targeted at customers engaged in small and micro businesses that need funds to either expand existing business or start a new one.

Loan Purpose

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

Included Services

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

Eligibility

Men
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR	x
Household income <120,000 INR	x
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	2
# Regions for this product	2
Regions Active	Karnataka, Tamil Nadu

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 10,000
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	100%
INR 15,000-25,000	0
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	12.0 months
Approx average	12.0 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	100%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

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	27.50%
Reason(s) why interest rate varies	Loan Size, Loan Tenure
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	1.00%
% of loan amount - max	1.00%
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 Fees
% of loan amount - min	0.26%
% of loan amount - max	0.35%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
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

Income Generation Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 12,000	INR 12,000	INR 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-03-30	2013-03-28	2013-02-12
Loan Term (Months)	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.2 months	0.2 months	0.0 months
Total Cost of Credit	INR 2,007.68	INR 2,007.68	INR 2,507.19
True Price by Comp
Interest price component	27.2%	27.2%	28.0%
Fee Component	2.0%	2.0%	2.0%
Insurance Component	0.8%	0.8%	0.8%
Tax Component	0.3%	0.3%	0.3%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	30.3%	30.3%	31.1%
MFIN MFI Earning (Annualised)	29.2%	29.2%	30.0%
MFIN Cost to Borrower (Annualised)	30.3%	30.3%	31.1%
Transparency Index	86	86	84
MFIN Transparency Index	99	99	98

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

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

Income Generation Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	160
AJDFI	13,100	884,000	6	160
ARDCI	44,600	9,403,000	1	160
ASA Philippines	333,400	29,282,000	1	160
ASHI	35,400	5,231,000	6	160
ASKI	60,000	15,247,000	4	160
Bangko Kabayan	8,900	2,373,000	2	160
BSEI	600	73,000	2	160
CBI	8,100	2,010,000	5	160
CCT	70,300	9,504,000	4	160
CEV	35,400	5,111,000	4	160
DSPI	59,300	3,676,000	3	160
ECLOF	5,400	1,836,000	4	160
FCB	12,000	2,392,000	2	160
FMB	2,700	710,000	2	160
GM Bank	23,500	1,553,000	3	160
HSPFI	19,100	1,899,000	2	160
JVOFI	1,300	281,000	1	160
Katipunan Bank	42,100	5,325,000	2	160
KDCI	20,500	2,095,000	3	160
KGI	32,300	3,421,000	4	160
KMBI	245,000	15,098,000	1	160
LTMPC	37,400	8,935,000	3	160
Mallig Plains	6,500	641,000	2	160
MILAMDEC	29,800	3,278,000	2	160
MWIMPC	11,800	1,740,000	4	159
NWTF	105,500	12,698,000	5	160
OFMPC	4,400	964,000	1	160
PBC	50,700	10,434,000	4	160
PCSD	700	167,000	1	160
PMPC	23,500	5,565,000	8	160
RB Angeles	900	1,502,000	2	160
RB Labason	500	289,000	1	160
RBLI	5,200	1,026,000	2	160
RBMI	11,900	1,750,000	2	160
RMB	100	173,000	1	160
RSPI	39,600	2,834,000	4	160
SAFRAGEMC	1,100	229,000	1	160
Salve	10,900	1,191,000	3	160
SEDP	27,000	3,914,000	3	160
TSKI	212,900	25,187,000	2	160
TSPI	264,500	31,290,000	7	160
Valient	1,700	672,000	2	160

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
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

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

Income Generation Loan samples

Income Generation Loan Price Graphs

Total Borrowers of Samples

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