2. Swadhaar
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. LKL
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 139 months
Choose version

Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 133 months
Choose version
  • No previous version for this product.

Product

Swayog - Individual Business Loan Product 2 of 3 « Prev | Next »

Product

School Fees Product 9 of 10 « Prev | Next »

Product Summary

Number borrowers5,072
Loan Amount (range)INR 8,000 - 75,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method30.0% annual, Decl Bal
Fees2.00%-3.00% upfront
Insurance37.36-350.25 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 29.9%
Fee Component1.0% - 5.3%
Insurance Component0.8% - 1.3%
Tax Component Range0.1% - 0.7%
Full APR (int fee ins tax dep)32.8% - 37.0%
Transparency Index (min/max)81 - 93
Transparency Index (average)85

Product Summary

69
KES 10,000 - 50,000
3 - 6
Credit Educ, Group Mtgs, Other Training
22.0% annual, Flat
None
2.00% upfront
None
N/A
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
37.8% - 40.9%
25 - 163
91

Product Details

Key Statistics
Outstanding portfolio (INR)INR 73,776,249
Portfolio (USD)USD 1,392,004.70
Active Clients with Loans5,072
Approximate % Female Clients0% - 20%
Approximate % Urban Clients100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Swayog is a collateral free loan offered to micro entreprenuers to finance working capital and other business needs.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
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 groupx
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban areax
OtherThe client must be the owner of the business.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Product Details

Key Statistics
Outstanding portfolio (KES)KES 980,218.27
Portfolio (USD)USD 11,838.38
Active Clients with Loans69
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product targets exisiting LKL clients with schoolchildren or other dependants. The key feature for this product includes direct cheque payment to schools to reduce loan diversion risk.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
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
Menx
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00010%
INR 15,000-25,00040%
INR 25,000-35,00020%
INR 35,000-45,00015%
Greater than INR 45,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average7.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
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

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 10,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than KES 50,000100%
KES 50,000-150,0000
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
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 interest30.00%
Highest quoted nominal interest30.00%
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 - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationProduct classified as non-qualifying asset.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min37.36
Fixed amount - max350.25
Reason for variationRs 4.67 for every Rs 1000 for a year.
Appears on Repayment Sched?Yes
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 interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
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
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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?No

Full Pricing Data

Swayog - Individual Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 10,000INR 20,500INR 35,000INR 50,000INR 62,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-152012-11-272012-11-172012-11-282012-11-29
Loan Term (Months)12.0 months13.0 months12.0 months12.0 months8.0 months
Grace Period (Months)0.1 months0.7 months-0.1 months0.3 months0.3 months
Total Cost of CreditINR 1,986.42INR 4,155.84INR 6,827.97INR 10,181.10INR 9,364.39
True Price by Comp         
Interest price component29.9%28.1%29.8%29.5%29.7%
Fee Component4.0%3.4%3.9%3.8%5.3%
Insurance Component0.9%0.9%1.0%0.9%1.3%
Tax Component0.5%0.4%0.5%0.5%0.7%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.3%32.8%35.2%34.7%37.0%
MFIN MFI Earning (Annualised)33.9%31.5%33.7%33.3%35.0%
MFIN Cost to Borrower (Annualised)35.3%32.8%35.2%34.7%37.0%
Transparency Index8591858681
MFIN Transparency Index100100100100100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

School Fees samples
Sample 1Sample 2Sample 3
Loan AmountKES 10,000KES 20,000KES 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-05-082013-07-182013-07-22
Loan Term (Months)6.0 months6.0 months7.0 months
Grace Period (Months)0.2 months0.2 months0.5 months
Total Cost of CreditKES 1,300KES 2,600KES 6,500
True Price by Comp     
Interest price component33.9%34.2%31.6%
Fee Component0.0%0.0%0.0%
Insurance Component6.6%6.7%6.2%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)40.5%40.9%37.8%
Transparency Index1005458
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Swayog - Individual Business Loan Price Graphs


Click to view Price Analysis Tool
School Fees Price Graphs


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 ∞