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. Equity Bank
Please note that the information you are viewing is 141 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

Equity Bank P.O. Box 75104-00200Hospital Road, Equity Centre, 9th FloorNairobi
Data approved: 2013-09-23
Data version: 2
Age of data: 141 months
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Product

Income Generation Loan (Rural) Product 3 of 3 « Prev | Next »

Product

Fanikisha - Shaba - Loan Product 7 of 10 « Prev | Next »

Product Summary

Number borrowers355,974
Loan Amount (range)INR 8,000 - 25,000
Loan Term (range)15 - 26
Other Services (text summary)Credit Educ, Group Mtgs, Credit Education, Financial Literacy Training. , Group Meeting
Annual Interest & Method24.0%-26.0% annual, Decl Bal
Fees1.00% upfront
Insurance1.10%-2.20% upfront
Tax12.36% fees
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)29.6% - 32.3%
Transparency Index (min/max)74 - 99
Transparency Index (average)79

Product Summary

14,839
KES 1,000 - 300,000
6 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
20.0% annual, Decl Bal
2.00%-3.00% upfront
0.63% upfront
None
10.0% upfront
 
13.4% - 37.3%
0 - 11.0%
0 - 2.3%
0
43.9% - 52.7%
37 - 83
42

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,861,993,634
Portfolio (USD)USD 72,867,804.42
Active Clients with Loans355,974
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint liability group of 5 members
Description
Income generation loan caters to the needs of rural enterpaneours for income generation purposes. Satin follows the Joint Liability Group (JLG) model of Microfinance for its IGL product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
OtherCredit Education, Financial Literacy Training.
Other (2)Group Meeting
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INR
Must live in rural areax
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution8
# Regions for this product5
Regions ActiveBihar, Madhya Pradesh, Uttar Pradesh, Uttarakhand, National Capital Territory of Delhi

Product Details

Key Statistics
Outstanding portfolio (KES)KES 604,912,277
Portfolio (USD)USD 7,305,703.83
Active Clients with Loans14,839
Approximate % Female Clients100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
For women in start-up process and micro-enterprises who would like to borrow through a group approach. Targets those in merry-go-round market. Targets women who lack conventional securities.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
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 institution8
# Regions for this product8
Regions ActiveCentral, Coast, Eastern, Nairobi, North Eastern, Nyanza, Rift Valley, Western

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00070%
INR 15,000-25,00030%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term26.0 months
Approx averageDK
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 months70%
Longer than 18 months30%
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
CurrencyKES
Minimum loan sizeKES 1,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00040%
KES 50,000-150,00050%
KES 150,000-250,00010%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months15%
Between 10 and 12 months70%
Between 13 and 18 months5%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
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 interest24.00%
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
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Protection Fund
% of loan amount - min1.10%
% of loan amount - max2.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationDepends on loan amount, tenor and loan cycle
Appears on Repayment Sched?No
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest1.67%
Highest quoted nominal interest1.67%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLACE (Loan Application & Credit Evaluation) Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation3% for 1st cycle, 2% for multiple cycle loans
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAnnual Insurance Fee
% of loan amount - min0.63%
% of loan amount - max0.63%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.625% per annum.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaSavings interest depends on the balance that is in the account
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid3.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Income Generation Loan (Rural) samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 8,000INR 12,000INR 18,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-252013-02-062013-02-212013-02-26
Loan Term (Months)14.0 months14.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,509.90INR 2,395.83INR 5,820.25INR 6,468.72
True Price by Comp       
Interest price component25.8%27.9%25.9%25.9%
Fee Component1.8%1.7%1.0%1.0%
Insurance Component2.3%2.5%2.5%2.6%
Tax Component0.3%0.2%0.2%0.1%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.2%32.3%29.6%29.6%
MFIN MFI Earning (Annualised)27.6%29.6%26.9%26.9%
MFIN Cost to Borrower (Annualised)30.2%32.3%29.6%29.6%
Transparency Index80748181
MFIN Transparency Index100100100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Fanikisha - Shaba - Loan samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountKES 9,999.95KES 48,000KES 94,999.92KES 189,999.96KES 319,999.84
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-282013-05-202013-05-112013-05-032013-05-28
Loan Term (Months)11.0 months12.0 months13.0 months12.0 months24.0 months
Grace Period (Months)-0.7 months0.0 months0.5 months-0.4 months0.0 months
Total Cost of CreditKES 2,138.77KES 10,860KES 21,493.71KES 41,615.20KES 136,399.92
True Price by Comp         
Interest price component37.3%34.4%32.0%36.0%34.1%
Fee Component4.6%4.0%3.7%4.3%2.2%
Insurance Component1.4%1.2%1.2%1.3%0.7%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component9.4%7.9%7.0%8.8%6.9%
Full APR (int fee ins tax dep)52.7%47.5%43.9%50.4%43.9%
Transparency Index3842464046
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Income Generation Loan (Rural) Price Graphs


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Fanikisha - Shaba - 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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