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
Data approved: 2013-01-21
Data version: 2
Age of data: 139 months
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.samasta.co.in/ |
| Year established | 2008 |
| Head of Institution | Venkatesh N |
| Regions active | Karnataka, Tamil Nadu |
| # Branches | 24 |
| Total Portfolio (nat'l) | INR 254,928,392 |
| Total Portfolio (USD) | USD 4,809,969.66 |
| Active clients with loans | 45,514 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | MFIN, India, AKMI, India |
44,713 Borrowers
USD 4,564,460.55 Portfolio
Active Product
801 Borrowers
USD 245,509.11 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| Income Generation Loan |
|
INR 10,000 - 15,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women, Have business, Low HH Inc, Med HH Inc |
|
Credit Educ, Group Mtgs, Credit Ins, Other Training |
| Dairy Cow Loan |
|
INR 24,999 - 25,000 |
|
24 |
|
80% - 100% |
|
0% - 20% |
|
Business |
|
Women, Low HH Inc, Med HH Inc, Must be supplying milk to procurers (Cooperatives or private) |
|
Credit Educ, 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 |
| Income Generation Loan |
|
27.2% - 28% |
|
29.2% - 30% |
|
30.3% - 31.1% |
|
Yes |
|
Yes |
|
Yes |
|
99 |
| Dairy Cow Loan |
|
27% - 27.2% |
|
28% - 28.2% |
|
28.8% - 29% |
|
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 |
| Income Generation Loan |
|
26.0%-27.5% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
29.2% - 30% |
|
30.3% - 31.1% |
|
85 |
| Dairy Cow Loan |
|
26.0%-27.5% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
28% - 28.2% |
|
28.8% - 29% |
|
90 |
Please note that the information you are viewing is
158 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: 158 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 3,018,000 |
| Portfolio (USD) | USD 72,200.96 |
| Active Clients with Loans | 288 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Credit extended to members for income-generating activities
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 | x |
| Other training | |
| Other | Formation Program |
| Other (2) | Provision of Social Services (medical mission, etc.) |
| 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 | |
| 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 10,000 |
| Maximum loan size | 150,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| 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 | 32.00% |
| Highest quoted nominal interest | 32.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Service Charge |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
Ongoing Fees
| Fee 1 |
|---|
| Description | Loan Liquidity Fund |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
Upfront Insurance Fees
| Ins 1 |
|---|
| Description | Credit-Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 370 |
| Fixed amount - max | 370 |
| 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? | |
| 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 50 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
CBU withdrawals allowed as long as within the 3% maintaining balance. Weekly CBU deposited is based on loan amount (P5-3) Interest on savings computed upon resignation. Insurance: member has option to insure family members. Pondong Damayan: P1 to be replenished if a client dies
Full Pricing Data
Individual Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | PHP 10,000 | | PHP 30,000 | | PHP 50,000 | | PHP 90,000 | | PHP 120,000 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 1 | | 14 | | 9 | | 3 |
| Disbursement Date | 2011-07-25 | | 2011-09-14 | | 2011-05-16 | | 2011-07-05 | | 2011-08-22 |
| Loan Term (Months) | 5.8 months | | 5.8 months | | 6.0 months | | 6.0 months | | 6.0 months |
| Grace Period (Months) | 0.0 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 | | Not Known |
| True Price by Comp | | | | | | | | | |
| Interest and Fee Component | 87.1% | | 87.1% | | 87.1% | | 88.1% | | 81.4% |
| Insurance Component | 14.6% | | 4.8% | | 2.9% | | 1.6% | | 1.1% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 35.4% | | 19.0% | | 15.2% | | 13.8% | | 11.4% |
| Full APR (int fee ins tax dep) | 137.1% | | 110.8% | | 105.2% | | 103.5% | | 93.9% |
| Transparency Index | 23 | | 29 | | 30 | | 31 | | 34 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Individual Loan Price Graphs
