Please note that the information you are viewing is
137 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-03-31
Data version: 3
Age of data: 137 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.svcl.in/ |
Year established | 2010 |
Head of Institution | Rakesh Dubey |
Regions active | Madhya Pradesh, Rajasthan, Uttar Pradesh |
# Branches | 44 |
Total Portfolio (nat'l) | INR 1,000,987,853 |
Total Portfolio (USD) | USD 18,886,563.26 |
Active clients with loans | 118,217 |
Approximate % female clients | 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | SADHAN, MFIN |
118,217 Borrowers
USD 18,886,563.26 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Income Generation Loan |
|
INR 8,000 - 14,000 |
|
10.7 |
|
100% |
|
40% - 60% |
|
Business |
|
Women, Have business, Specific age group, Low HH Inc, Med HH Inc |
|
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits |
Loan Products » MFIN India Additional Information
Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
Income Generation Loan |
|
29.9% |
|
32.2% |
|
34.4% - 35.1% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Income Generation Loan |
|
30.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
32.2% |
|
34.4% - 35.1% |
|
86 |
Please note that the information you are viewing is
168 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-01
Data version: 1
Age of data: 168 months
Key Statistics
Outstanding portfolio (USD) | USD 167,541,293 |
Portfolio (USD) | USD 167,541,293 |
Active Clients with Loans | 34,541 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Créditos desde USD 2,000 para cubrir sus necesidades empresariales y personales
Loan Purpose
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | 12 |
# Regions for this product | 11 |
Regions Active | Azuay, Cañar, Chimborazo, Cotopaxi, El Oro, Guayas, Loja, Manabí, PichinchaSanto Domingo de los Tsáchilas, Tungurahua |
Loan Conditions
Loan Amount
Currency | USD |
Minimum loan size | USD 2,000 |
Maximum loan size | 20,000 |
Distribution at Disbursement (Est.)
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 60% |
USD 5,000-10,000 | 20% |
USD 10,000-15,000 | 10% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 48.0 months |
Approx average | 28.9 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 20% |
Longer than 18 months | 70% |
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 | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Pricing Information
Interest
Lowest quoted nominal interest | 22.60% |
Highest quoted nominal interest | 26.54% |
Reason(s) why interest rate varies | Loan Size, la tasa es reajustable solo para montos mayores a USD 10,000, para montos menores la tasa es fija. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
---|
Description | Seguro de desgravamens para deudor y codeudor |
% of loan amount - min | 0.68% |
% of loan amount - max | 1.18% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Compulsory Deposit
Required for | Never |
Criteria | N/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 deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
La tasa de inetrés es fija siempre y cuando el riesgo del cliente no supere los USD 1, al momento del desembolso
Full Pricing Data
Crédito para microempresa samples
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Crédito para microempresa Price Graphs
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