2. SCCI
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. Union RB
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

SWAWS Credit Corporation India Private Limited C2 Pooja Plaza, Vikrampuri ColonyKharkhanaSecunderabad, Andhra Pradesh500003
Data approved: 2013-05-14
Data version: 2
Age of data: 139 months
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Institution

Union Rural Bank Limited Head OfficeSenya Bereku, Central RegionP.O. Box 5
Data approved: 2013-02-26
Data version: 2
Age of data: 139 months
Choose version

Product

Fortnightly Loan Product 1 of 3 « Prev | Next »

Product

Group Loan Product 1 of 5 « Prev | Next »

Product Summary

Number borrowers21,038
Loan Amount (range)INR 5,000 - 30,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Business Training
Annual Interest & Method25.0%-26.7% annual, Decl Bal
Fees1.00% upfront
Insurance0.70% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 27.3%
Fee Component2.1% - 2.3%
Insurance Component1.5% - 1.6%
Tax Component Range0.3%
Full APR (int fee ins tax dep)30.9% - 31.5%
Transparency Index (min/max)79 - 84
Transparency Index (average)80

Product Summary

1,367
GHS 500 - 3,000
4 - 6
Credit Educ, Group Mtgs
48.00% annual, Flat
2 fees
None
None
10.00% upfront
 
51.3% - 85.2%
6.0% - 24.9%
0
0
123.7% - 127.3%
37 - 56
38

Product Details

Key Statistics
Outstanding portfolio (INR)INR 162,845,583
Portfolio (USD)USD 3,072,558.17
Active Clients with Loans21,038
Approximate % Female Clients100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
OtherJoint Liability Group
Description
Loan Product with a repayment on fortnightly basis , offering loans in the range of Rs.10000-30000 @13.5%(flat).
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other3 Out of 5 members should have own house in a group
Other (2)Age should be above 18 and upto 58
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product3
Regions ActiveAndhra Pradesh, Orissa, Tamil Nadu

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 370,227
Portfolio (USD)USD 187,932.49
Active Clients with Loans1,367
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for groups of individuals.
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 insurance
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Central Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0005%
INR 5,000-15,00090%
INR 15,000-25,0005%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00020%
GHS 1,000-5,00080%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term4.0 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 period0.8 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest26.72%
Reason(s) why interest rate variesLoan Size, Changes in Interest rates are due to competition, company performance and regulation
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0.70%
% of loan amount - max0.70%
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest48.00%
Highest quoted nominal interest48.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionCommitment FeeLoan Form and Pass Book Fee
% of loan amount - min5.00%0
% of loan amount - max5.00%0
OR, Fixed amount - min07
Fixed amount - max07
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited1.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid7.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Fortnightly Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 15,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-062012-09-252012-09-062012-09-06
Loan Term (Months)11.0 months11.0 months11.0 months11.0 months
Grace Period (Months)-0.3 months-0.3 months-0.3 months-0.3 months
Total Cost of CreditINR 1,507.36INR 2,298.54INR 1,818.83INR 1,818.83
True Price by Comp       
Interest price component27.3%27.2%26.8%26.8%
Fee Component2.3%2.2%2.3%2.3%
Insurance Component1.6%1.5%1.5%1.5%
Tax Component0.3%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.5%31.2%30.9%30.9%
MFIN MFI Earning (Annualised)29.6%29.4%29.1%29.1%
MFIN Cost to Borrower (Annualised)31.5%31.2%30.9%30.9%
Transparency Index79808181
MFIN Transparency Index92929393
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 600GHS 1,500GHS 1,200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-132013-02-132013-02-13
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.4 months0.4 months0.4 months
Total Cost of CreditGHS 181GHS 442GHS 355
True Price by Comp     
Interest price component81.1%81.1%81.1%
Fee Component24.9%22.0%22.5%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component21.3%20.6%20.7%
Full APR (int fee ins tax dep)127.3%123.7%124.3%
Transparency Index383939
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Fortnightly Loan Price Graphs


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Group Loan Price Graphs


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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
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