Samasta Microfinance Limited - Dairy Cow Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

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

Data approved: 2013-01-21

Data version: 2

Age of data: 139 months

Download Data

Analyze Data

Institution

KREDIT Microfinance Institution Plc. #17, Street 163ChamkarmornPhnom Penh

Data approved: 2013-04-23

Data version: 3

Age of data: 139 months

Download Data

Analyze Data

Product

Dairy Cow Loan Product 2 of 2 « Prev | Next »

Product

SME-USD Product 8 of 9 « Prev | Next »

Product Summary

Number borrowers	801
Loan Amount (range)	INR 24,999 - 25,000
Loan Term (range)	24
Other Services (text summary)	Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method	26.0%-27.5% annual, Decl Bal
Fees	1.00% upfront
Insurance	0.58% upfront
Tax	12.36% fees
Comp Dep	N/A
Range of pricing
Interest Price Component	27.0% - 28.0%
Fee Component	1.0% - 2.0%
Insurance Component	0.6% - 0.8%
Tax Component Range	0.1% - 0.3%
Full APR (int fee ins tax dep)	28.8% - 29.0%
Transparency Index (min/max)	84 - 90
Transparency Index (average)	90

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 13,011,983
Portfolio (USD)	USD 245,509.11
Active Clients with Loans	801
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

It is targeted at borrwers who are owners of at least one dairy cow and needs fund to buy additional cows.

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
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
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	Must be supplying milk to procurers (Cooperatives or private)
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	1
Regions Active	Karnataka

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (USD)	USD 112,957.75
Portfolio (USD)	USD 112,957.75
Active Clients with Loans	6
Approximate % Female Clients	0
Approximate % Urban Clients	0

Description

SME loan is designed to fund entreprenure for business activities.

Loan Purpose

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

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	12
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 24,999
Maximum loan size	25,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	0
INR 15,000-25,000	100%
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	24.0 months
Longest loan term	24.0 months
Approx average	24.0 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	0
Between 13 and 18 months	0
Longer than 18 months	100%

Grace Period

Grace period usage	100%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly
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	0.58%
% of loan amount - max	0.58%
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

Dairy Cow Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 25,000	INR 25,000	INR 25,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-03-30	2013-03-28	2013-03-28
Loan Term (Months)	25.0 months	25.0 months	25.0 months
Grace Period (Months)	0.5 months	0.6 months	0.4 months
Total Cost of Credit	INR 8,518.38	INR 8,518.38	INR 8,518.38
True Price by Comp
Interest price component	27.2%	27.0%	27.0%
Fee Component	1.0%	1.1%	1.0%
Insurance Component	0.7%	0.6%	0.7%
Tax Component	0.1%	0.2%	0.1%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	29.0%	28.9%	28.8%
MFIN MFI Earning (Annualised)	28.2%	28.1%	28.0%
MFIN Cost to Borrower (Annualised)	29.0%	28.9%	28.8%
Transparency Index	90	90	90
MFIN Transparency Index	99	100	100

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

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

Dairy Cow Loan Price Graphs

Click to view Price Analysis Tool

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

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

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

Dairy Cow Loan samples

Dairy Cow Loan Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources