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: 2013-01-22
Data version: 3
Age of data: 137 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
132 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: 2013-05-30
Data version: 2
Age of data: 132 months
Key Statistics
Outstanding portfolio (TZS) | TZS 793,564,983.30 |
Portfolio (USD) | USD 499,097.47 |
Active Clients with Loans | 2,648 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Loans are advanced to members organized in groups of 15 to 35. However unlike other group products, members in this group do not have to wait for others so as to acces subsequent loans.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
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 | 4 |
# Regions for this product | 4 |
Regions Active | Dar es Salaam, Mara, Mwanza, Pwani |
Loan Conditions
Loan Amount
Currency | TZS |
Minimum loan size | TZS 50,000 |
Maximum loan size | 4,000,000 |
Distribution at Disbursement (Est.)
Loans less than TZS 350,000 | 5% |
TZS 350,000-1,250,000 | 50% |
TZS 1,250,000-2,000,000 | 30% |
TZS 2,000,000-3,000,000 | 15% |
TZS 3,000,000-4,000,000 | 0 |
Greater than TZS 4,000,000 | 0 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | x |
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 | 48.00% |
Highest quoted nominal interest | 48.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
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? | No |
Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
The other group members can not renew a loan if one of the group members is in arrears.
Full Pricing Data
Group Flexible Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | TZS 100,000 | | TZS 300,000 | | TZS 500,000 | | TZS 1,000,000 | | TZS 2,000,000 | | TZS 3,000,000 |
Loan Cycle (1, 2, 3, etc) | 1 | | 6 | | 3 | | 4 | | 5 | | 6 |
Disbursement Date | 2013-01-14 | | 2013-02-13 | | 2013-01-06 | | 2013-01-22 | | 2013-02-04 | | 2013-01-29 |
Loan Term (Months) | 5.6 months | | 5.6 months | | 7.0 months | | 7.0 months | | 7.0 months | | 11.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 1.0 month | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | TZS 24,000 | | TZS 72,000 | | TZS 120,000 | | TZS 320,000 | | TZS 640,000 | | TZS 1,440,000 |
True Price by Comp | | | | | | | | | | | |
Interest price component | 93.0% | | 93.0% | | 65.5% | | 92.0% | | 89.0% | | 89.5% |
Fee Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
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 | 45.1% | | 45.1% | | 25.5% | | 42.5% | | 39.7% | | 37.7% |
Full APR (int fee ins tax dep) | 138.1% | | 138.1% | | 91.0% | | 134.5% | | 128.7% | | 127.2% |
Transparency Index | 35 | | 35 | | 53 | | 36 | | 37 | | 38 |
| | | | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Group Flexible Loan Price Graphs