2. Satin
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
  2. APED
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

Satin Creditcare Network Ltd Satin Creditcare Network ltd ,5th Floor,Kundan BhawanAzadpur Commercial complex ,AzadpurDelhiPO Box 110033
Data approved: 2013-03-11
Data version: 2
Age of data: 139 months
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Institution

Association of Progressive Entrepreneurs in Development Head OfficeAccraP.O. Box CT 78 PMB
Data approved: 2013-02-15
Data version: 2
Age of data: 139 months
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Product

Income Generation Loan - Urban Product 2 of 3 « Prev | Next »

Product

Farmer Loan Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers49,637
Loan Amount (range)INR 20,000 - 50,000
Loan Term (range)12 - 30
Other Services (text summary)Credit Educ
Annual Interest & Method22.0%-26.0% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component22.3% - 27.9%
Fee Component0 - 1.8%
Insurance Component0 - 2.6%
Tax Component Range0 - 0.3%
Full APR (int fee ins tax dep)22.3% - 23.5%
Transparency Index (min/max)74 - 99
Transparency Index (average)95

Product Summary

3,045
GHS 300 - 7,000
6 - 8
Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services
39.00%-52.00% annual, Flat
2 fees
0.50% upfront
None
15.00%-20.00% upfront
 
36.2% - 87.6%
6.9% - 20.2%
1.1% - 4.7%
0
55.1% - 68.0%
21 - 71
65

Product Details

Key Statistics
Outstanding portfolio (INR)INR 917,255,158.70
Portfolio (USD)USD 17,306,701.11
Active Clients with Loans49,637
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Income generation loan caters to the needs of urban enterpaneours for income generation purposes.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INRx
Must live in rural area
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product7
Regions ActiveHaryanaPunjab, Rajasthan, Uttar Pradesh, Uttarakhand, Chandigarh, National Capital Territory of Delhi

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 654,472.04
Portfolio (USD)USD 332,219.31
Active Clients with Loans3,045
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Designed for small-to-medium sized farm enterprises for use in cultivation of agricultural and livestock products.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherExtention Services
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust be resident in community near branch for at least on year
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 20,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,00030%
INR 25,000-35,00060%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term30.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 300
Maximum loan size7,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term8.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period5.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesBranch
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication and Pass Book Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max04
Reason for variationN/AFee varies based on geographic location of client.
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationIncludes life cover only. Do not cover clients above age 64.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaGHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Income Generation Loan - Urban samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 20,000INR 30,000INR 40,000INR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-042013-02-252013-02-262013-02-26
Loan Term (Months)25.0 months25.0 months25.0 months25.0 months
Grace Period (Months)0.1 months0.3 months0.0 months0.1 months
Total Cost of CreditINR 5,380INR 7,800INR 10,760INR 13,180
True Price by Comp       
Interest price component23.3%22.3%23.5%23.0%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)23.3%22.3%23.5%23.0%
MFIN MFI Earning (Annualised)23.3%22.3%23.5%23.0%
MFIN Cost to Borrower (Annualised)23.3%22.3%23.5%23.0%
Transparency Index94999496
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Farmer Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 300GHS 700GHS 1,350GHS 2,700GHS 6,200
Loan Cycle (1, 2, 3, etc)44342
Disbursement Date2012-09-282012-08-272012-06-082012-09-282012-10-31
Loan Term (Months)6.0 months5.8 months5.6 months6.0 months5.9 months
Grace Period (Months)4.1 months3.9 months3.7 months4.1 months4.0 months
Total Cost of CreditGHS 67.50GHS 153.50GHS 293.25GHS 583.50GHS 1,522
True Price by Comp         
Interest price component36.2%37.6%41.2%36.2%44.7%
Fee Component9.0%7.9%8.1%6.9%7.2%
Insurance Component1.1%1.2%1.3%1.2%1.3%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component8.8%8.8%14.6%11.7%14.8%
Full APR (int fee ins tax dep)55.1%55.5%65.2%56.0%68.0%
Transparency Index7170607057
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Income Generation Loan - Urban Price Graphs


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Farmer Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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