2. Sonata Finance
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

Sonata Finance Private Limited 125B/6B Pt. Madan Mohan Malviya RoadGorge TownAllahabad, Uttar PradeshPO Box 211002
Data approved: 2013-01-09
Data version: 3
Age of data: 141 months
Choose version
  • No previous version for this product.

Product

Utility Finance Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 2,848,556
Portfolio (USD)USD 53,746.34
Active Clients with Loans1,793
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
With the social & Financial prospective, SONATA has tied-up with ?Hero Cycles Ltd.÷, Ghajam India Pvt. Ltd. to provides Cycle, Sewing Machine and Smokeless Chullah Loan (Advanced Cooking Stoves ?ACS÷) top-up loan to its clients
Loan Purpose
Any purposex
Income generation
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 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
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 institution2
# Regions for this product1
Regions ActiveUttar Pradesh

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 1,000
Maximum loan size6,770
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
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 term3.6 months
Longest loan term8.9 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months60%
Between 10 and 12 months0
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

Pricing Information

Interest
Lowest quoted nominal interest23.12%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesLoan Size
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
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max40
Reason for variationProcessing fee varies with the loan size
Appears on Repayment Sched?Yes
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

Full Pricing Data

Utility Finance samples
Sample 1Sample 2Sample 3
Loan AmountINR 3,150INR 4,155INR 4,155
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-302012-11-302012-11-30
Loan Term (Months)8.0 months5.1 months5.1 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 280INR 285INR 280.60
True Price by Comp     
Interest price component23.0%26.2%26.2%
Fee Component2.6%4.0%4.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.4%0.5%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.0%30.7%30.2%
MFIN MFI Earning (Annualised)25.6%30.2%30.2%
MFIN Cost to Borrower (Annualised)26.0%30.7%30.2%
Transparency Index897577
MFIN Transparency Index1008888
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Utility Finance Price Graphs


Click to view Price Analysis Tool
  2. Confiar
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CONFIAR Cooperativa Financiera Calle 52 N° 49-40Medellin, Antioquia
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.confiar.coop/
Year established1972
Head of InstitutionOswaldo Gómez
Regions active
# Branches37

Total Portfolio (nat'l)COP 311,910,000,000
Total Portfolio (USD)USD 171,379,120.90
Active clients with loans43,877
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Especial
421 Borrowers
Portfolio
Active Product
Aportes
1,393 Borrowers
USD 970,769.50 Portfolio
Active Product
Credifacil
15,313 Borrowers
Portfolio
Active Product
Productivo
7,624 Borrowers
Portfolio
Active Product
Ordinario
15,774 Borrowers
USD 51,609,128.83 Portfolio
Active Product
Social VIS
3,031 Borrowers
USD 25,620,025.27 Portfolio
Active Product
Especial
275 Borrowers
USD 3,793,406.59 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Crédito Especial COP 258,000 - 5,869,000 1 - 60 0% 0% Any Purpose Women, Men
CrediAportes COP 258,000 - 8,569,000 6 - 36 40% - 60% 40% - 60% Any Purpose Women, Men, Debe ser Asociado de la Cooperativa. Credit Ins
Credifacil COP 267,800 - 34,814,000 6 - 60 0% 0% Any Purpose Women, Men
Microcredit Productivo COP 268,000 - 64,272,000 6 - 60 0% 0% Any Purpose Women, Men
Ordinario COP 535,600 - 38,625,000 6 - 60 40% - 60% 40% - 60% Any Purpose Women, Men Credit Ins
Vivienda de Interés Social VIS COP 7,000,000 - 57,845,000 60 - 144 40% - 60% 40% - 60% Business, Para compra o construcción de Vivienda Women, Men Credit Ins
Vivienda Especial COP 35,000,000 - 84,975,000 60 - 120 40% - 60% 40% - 60% Housing, Para compra o construcción de Vivienda., Activo Fijo Women, Men Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Crédito Especial 7.3%-14.5% annual, Decl Bal 0 Fees 0 Ins None N/A 9.2% - 14.5% 11.5% - 14.7% 58
CrediAportes 11.0%-13.8% annual, Decl Bal 1 Fee 0 Ins None 52,000.00 upfront 12.3% - 17.6% 12.5% - 18.8% 74
Credifacil 14.4%-15.0% annual, Decl Bal 1 Fee 0 Ins None N/A 14.1% - 19.6% 14.1% - 20.9% 82
Microcredit Productivo 16.8%-24.0% annual, Decl Bal 1 Fee 0 Ins None N/A 20.3% - 30.8% 20.3% - 37.1% 63
Ordinario 16.8%-18.0% annual, Decl Bal 1 Fee 1 Ins None 52,000.00 upfront 17.8% - 20% 18.2% - 21.6% 86
Vivienda de Interés Social VIS 12.4% annual, Decl Bal 0 Fees 2 Ins None 258,000.00 upfront 12.2% 12.7% - 13.5% 95
Vivienda Especial 15.0% annual, Decl Bal 0 Fees 1 Ins None 515,000.00 upfront 14% 14.9% 100
Institution Price Graph
Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞