Sambhav Social Service Organization - Sanitation Loan - MFTransparency.org Truth In Lending Tables

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Institution

Sambhav Social Service Organization Lincoln House, 19 New Vivekanand ColonyBalwant Nagar Ext. Gandhi RaodGwalior, M.P474002

Data approved: 2010-10-25

Data version: 1

Age of data: 172 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 6,200,000
Portfolio (USD)	USD 116,981.13
Active Clients with Loans	1,220
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group	x
Other

Description

This loan is provided for constructing a house hold toilet and bathing space .

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	For constructing a toilet and bathing space.
Other (2)

Included Services

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

Eligibility

Men
Women	x
Must run a business
Must own a home or land	x
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
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	Madhya Pradesh, Uttar Pradesh

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 3,000
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	24.0 months
Approx average	18.0 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
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.50%
Highest quoted nominal interest	1.50%
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	Processing 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 Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	80
Fixed amount - max	200
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Some
Criteria	If loan amount is greater than 5000 Rs than security deposit is compulsary.
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	3.50%
Maximum interest rate paid	3.50%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

We provide receipt for all the fee taken from borrower.

Full Pricing Data

Sanitation Loan samples

	Sample 1	Sample 2
Loan Amount	INR 5,000	INR 10,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known
Disbursement Date	2010-03-22	2010-06-04
Loan Term (Months)	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known
True Price by Comp
Interest and Fee Component	35.5%	42.5%
Insurance Component	4.1%	2.5%
Tax Component	0.0%	0.0%
Deposit Component	0.0%	9.5%
Full APR (int fee ins tax dep)	39.6%	54.5%
MFIN MFI Earning (Annualised)	35.5%	42.5%
MFIN Cost to Borrower (Annualised)	39.6%	54.5%
Transparency Index	45	33
MFIN Transparency Index	N/A	N/A

Original Repayment Schedule	PDF	PDF
MFT Pricing Calculation	PDF	PDF

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

Sanitation Loan Price Graphs

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Key Statistics
# Samples:
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# 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

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