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
Institution
Data approved: 2013-01-22
Data version: 3
Age of data: 139 months
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.swadhaar.com/ |
| Year established | 2008 |
| Head of Institution | Veena Mankar |
| Regions active | Gujarat, Maharashtra |
| # Branches | 30 |
| Total Portfolio (nat'l) | INR 909,845,169 |
| Total Portfolio (USD) | USD 17,166,889.98 |
| Active clients with loans | 92,891 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 100% |
| Network affiliations | |
87,428 Borrowers
USD 15,265,990.89 Portfolio
Active Product
5,072 Borrowers
USD 1,392,004.70 Portfolio
Active Product
391 Borrowers
USD 508,894.40 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| Swahit - Individual Loan with Joint Liability |
|
INR 8,000 - 34,000 |
|
24 |
|
100% |
|
100% |
|
Business |
|
Women, Have business, Specific age group, Med HH Inc, Urban HH |
|
Credit Educ, Credit Ins |
| Swayog - Individual Business Loan |
|
INR 8,000 - 75,000 |
|
3 - 12 |
|
0% - 20% |
|
100% |
|
Business |
|
Women, Men, Have business, Specific age group, Urban HH, The client must be the owner of the business. |
|
Credit Ins |
| Top Up Loan |
|
INR 2,000 - 5,000 |
|
12 |
|
100% |
|
100% |
|
Business |
|
Women, Have business, Specific age group, Med HH Inc, Urban HH |
|
Credit Ins |
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 |
| Swahit - Individual Loan with Joint Liability |
|
25.8% |
|
26.8% - 26.9% |
|
27.9% - 28% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
| Swayog - Individual Business Loan |
|
28.1% - 29.9% |
|
31.5% - 35% |
|
32.8% - 37% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
| Top Up Loan |
|
26% - 26.2% |
|
27.8% - 28.1% |
|
28.8% - 29.2% |
|
Yes |
|
Yes |
|
Yes |
|
99 |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| Swahit - Individual Loan with Joint Liability |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26.8% - 26.9% |
|
27.9% - 28% |
|
93 |
| Swayog - Individual Business Loan |
|
30.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
31.5% - 35% |
|
32.8% - 37% |
|
85 |
| Top Up Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
27.8% - 28.1% |
|
28.8% - 29.2% |
|
89 |
Please note that the information you are viewing is
170 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: 2010-11-08
Data version: 1
Age of data: 170 months
Key Statistics
| Outstanding portfolio (USD) | USD 2,546,253.22 |
| Portfolio (USD) | USD 2,546,253.22 |
| Active Clients with Loans | 5,393 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Son créditos a personas naturales asalariadas y/o rentistas, que tengan por destino la adquisición de bienes de consumo o pago de servicios y cuya fuente de pago es el ingreso neto mensual promedio del deudor.
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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | USD |
| Minimum loan size | USD 300 |
| Maximum loan size | 20,000 |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | x |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 13.24% |
| Highest quoted nominal interest | 13.24% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| 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
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 33.33% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 0.50% |
| Maximum interest rate paid | 0.99% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Nuestra Institucion tiene depositos en garantia y no encaje, es decir, como es un deposito en garantia del credito, los socios lo pueden utilizar desde la primera cuota del credito o en la cuota que ellos la requirieran o retirar su excedente en relacion al saldo adeudado.
Full Pricing Data
Consumo samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | USD 400 | | USD 1,000 | | USD 2,000 | | USD 4,000 | | USD 8,000 | | USD 12,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2010-08-23 | | 2010-08-23 | | 2010-08-23 | | 2010-08-23 | | 2010-08-23 | | 2010-08-23 |
| Loan Term (Months) | 18.0 months | | 18.0 months | | 18.0 months | | 18.0 months | | 18.0 months | | 18.0 months |
| Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
| Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| True Price by Comp | | | | | | | | | | | |
| Interest and Fee Component | 13.4% | | 13.4% | | 13.4% | | 13.4% | | 13.4% | | 13.4% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 1.7% | | 1.7% | | 1.7% | | 1.7% | | 1.7% | | 1.7% |
| Full APR (int fee ins tax dep) | 15.1% | | 15.1% | | 15.1% | | 15.1% | | 15.1% | | 15.1% |
| Transparency Index | 88 | | 88 | | 88 | | 88 | | 88 | | 88 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
