2. SKS
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. ACB-SA
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

SKS Microfinance My Home Tycoon Building, KundanbaghAbove Life Style, Begumpet Main RoadHyderabad, Andhra PradeshPO Box 500016
Data approved: 2013-04-02
Data version: 3
Age of data: 139 months
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Institution

Amasezerano Community Bank Head OfficeKigaliPO Box 4691
Data approved: 2012-10-17
Data version: 2
Age of data: 143 months
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Product

Income Generating Loan Product 1 of 2 « Prev | Next »

Product

Hembwa Wage MT & LT Product 4 of 7 « Prev | Next »

Product Summary

Number borrowers2,484,407
Loan Amount (range)INR 2,000 - 14,000
Loan Term (range)11.5
Other Services (text summary)Group Mtgs, Credit Ins, Other Training, Building Leadership and Promoting Members Cooperation.
Annual Interest & Method24.6% annual, Decl Bal
Fees0.88% upfront
Insurance0.50% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.6%
Fee Component1.8%
Insurance Component1.1%
Tax Component Range0.3%
Full APR (int fee ins tax dep)27.8%
Transparency Index (min/max)88
Transparency Index (average)88

Product Summary

1,067
RWF 10,000 - 5,000,000
1 - 36
15.00% annual, Flat
2 fees
0.06%-10.45% upfront
18.00% fees
N/A
 
22.9% - 57.1%
2.1% - 24.7%
0 - 0.8%
0.5% - 4.7%
29.5% - 45.1%
16 - 53
44

Product Details

Key Statistics
Outstanding portfolio (INR)INR 14,172,152,930
Portfolio (USD)USD 267,399,111.90
Active Clients with Loans2,484,407
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint Liability Group
Description
The maximum eligible limit for the borrower in the first cycle is Rs 12,000 and from second cycle onwards Rs 14,000. Repayment is weekly. The loan has an insurance cover on member and optional insurance coverage for Husband
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherBuilding Leadership and Promoting Members Cooperation.
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
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural areax
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product17
Regions ActiveAndhra Pradesh, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 87,318,036
Portfolio (USD)USD 138,600
Active Clients with Loans1,067
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is reserved for salaried people mostly of the of the private sector. The term of the loan varyies between 1 & 36 months and the maximum amount is 10 times their salary.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product5
Regions ActiveBugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 2,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term11.5 months
Approx average11.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 10,000
Maximum loan size5,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,0000
RWF 500,000-1,500,0005%
RWF 1,500,000-2,500,00015%
RWF 2,500,000-3,500,00030%
RWF 3,500,000-4,500,00010%
Greater than RWF 4,500,00010%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average19.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less50%
Between 4 and 6 months10%
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 interest24.55%
Highest quoted nominal interest24.55%
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 - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationService Tax included.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.50%
% of loan amount - max0.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationMin is 0.5% for covering member only and max of 1% for covering member and spouse
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 interest15.00%
Highest quoted nominal interest15.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommission FeeLoan Application & Collateral Visit Fee
% of loan amount - min1.50%0
% of loan amount - max1.50%0
OR, Fixed amount - min015,000
Fixed amount - max015,000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCommission on Insurance
% of loan amount - min0.06%
% of loan amount - max10.45%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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 fees18%
All or some fees taxedAll
Additional Comments
APR calculations have used insurance rates applicable to a 30 year old client.

Full Pricing Data

Income Generating Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-282012-12-242012-12-24
Loan Term (Months)12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 1,400INR 1,680INR 1,680
True Price by Comp     
Interest price component24.6%24.6%24.6%
Fee Component1.8%1.8%1.8%
Insurance Component1.1%1.1%1.1%
Tax Component0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.8%27.8%27.8%
MFIN MFI Earning (Annualised)26.4%26.4%26.4%
MFIN Cost to Borrower (Annualised)27.8%27.8%27.8%
Transparency Index888888
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Hembwa Wage MT & LT samples
Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 250,000RWF 500,000RWF 1,000,000RWF 1,500,000RWF 3,064,540
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-04-162012-05-112012-04-252012-08-222012-05-02
Loan Term (Months)12.0 months24.0 months23.0 months28.0 months13.0 months
Grace Period (Months)1.0 month1.0 month1.3 months1.0 month1.0 month
Total Cost of CreditRWF 60,457.49RWF 179,894.70RWF 321,256.42RWF 579,284.13RWF 580,135.15
True Price by Comp         
Interest price component26.3%26.2%26.0%26.1%26.3%
Fee Component15.1%4.9%3.4%2.3%3.6%
Insurance Component0.6%0.6%0.7%0.6%0.5%
Tax Component3.1%1.0%0.7%0.5%0.8%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)45.1%32.7%30.8%29.5%31.2%
Transparency Index3346495148
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Income Generating Loan Price Graphs


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Hembwa Wage MT & LT 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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