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

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
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.swadhaar.com/
Year established2008
Head of InstitutionVeena Mankar
Regions activeGujarat, Maharashtra
# Branches30

Total Portfolio (nat'l)INR 909,845,169
Total Portfolio (USD)USD 17,166,889.98
Active clients with loans92,891
Approximate % female clients80% - 100%
Approximate % urban clients100%
Network affiliations

Loan Products » Summary

Swahit
87,428 Borrowers
USD 15,265,990.89 Portfolio
Active Product
Swayog
5,072 Borrowers
USD 1,392,004.70 Portfolio
Active Product
Top up
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
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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
Institution Price Graph
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  2. BIMAS
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

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central
Data approved: 2013-07-16
Data version: 2
Age of data: 141 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (KES)KES 17,553,993
Portfolio (USD)USD 212,004.75
Active Clients with Loans339
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
For advancing entrepreneurs with grown businesses that can command a stock of Ksh 250,000 and above.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveCentral, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00040%
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 term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months20%
Between 7 and 9 months40%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage30%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication 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 Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.50%
% of loan amount - max2.50%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Imarika Loan samples
Sample 1Sample 2Sample 3
Loan AmountKES 50,000KES 100,000KES 200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-142013-06-192013-06-27
Loan Term (Months)12.0 months12.0 months18.0 months
Grace Period (Months)0.5 months0.5 months0.4 months
Total Cost of CreditKES 13,250KES 26,500KES 75,000
True Price by Comp     
Interest price component38.8%38.8%39.0%
Fee Component4.1%4.1%3.0%
Insurance Component5.2%5.2%3.7%
Tax Component0.0%0.0%0.0%
Deposit Component29.1%22.1%18.3%
Full APR (int fee ins tax dep)77.2%70.2%64.0%
Transparency Index293134
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Imarika Loan Price Graphs


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Key Statistics
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# 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
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