Please note that the information you are viewing is
172 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: 2010-10-25
Data version: 1
Age of data: 172 months
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | No |
| Website address | http://www.swayanshree.org/ |
| Year established | 2006 |
| Head of Institution | Ms. Nayana Mohanty |
| Regions active | |
| # Branches | 3 |
| Total Portfolio (nat'l) | INR 48,681,845 |
| Total Portfolio (USD) | USD 918,525.38 |
| Active clients with loans | 8,008 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | |
7,925 Borrowers
USD 917,824.68 Portfolio
Active Product
15 Borrowers
USD 331.81 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| General Loan |
|
INR 2,000 - 50,000 |
|
6 - 24 |
|
80% - 100% |
|
0% - 20% |
|
Any Purpose |
|
Women, Have business, Have home or land |
|
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training |
| Asha Loan |
|
INR 3,000 - 6,000 |
|
6 - 18 |
|
80% - 100% |
|
80% - 100% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, 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 |
| General Loan |
|
0% |
|
20.6% - 21.8% |
|
31.1% - 32.8% |
|
|
|
|
|
|
|
N/A |
| Asha Loan |
|
0% |
|
8.9% |
|
13.4% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| General Loan |
|
18.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
20.0% upfront |
|
20.6% - 21.8% |
|
31.1% - 32.8% |
|
57 |
| Asha Loan |
|
0.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
20.0% upfront 1.00% ongoing |
|
8.9% |
|
13.4% |
|
0 |
Please note that the information you are viewing is
160 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: 2011-11-15
Data version: 1
Age of data: 160 months
Key Statistics
| Outstanding portfolio (PHP) | PHP 3,008,874 |
| Portfolio (USD) | USD 71,982.63 |
| Active Clients with Loans | 886 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
This type of product is created to provide CEVI existing and new clients a greater access to microfinance services. The loan product is assessed based on repayment capacity through cash flow analysis.
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 | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | PHP |
| Minimum loan size | PHP 31,000 |
| Maximum loan size | 150,000 |
Loan Term and Grace Period
| Shortest loan term | 12.0 months |
| Longest loan term | 24.0 months |
| Approx average | 0 |
Grace Period
| Grace period usage | 100% |
| Average grace period | 0.5 months |
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 | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
|---|
| Description | Service charge |
| % of loan amount - min | 2.50% |
| % of loan amount - max | 2.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
Ongoing Fees
| Fee 1 |
|---|
| Description | Client Training Fund |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Upfront Insurance Fees
| Ins 1 |
|---|
| Description | TASAKA |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 875 |
| Fixed amount - max | 3,750 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | |
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 | PHP 200 |
| Conditions on access to deposit | Access During |
Interest Paid on Deposit
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
If first loan cycle, Pre-CBU amount is P2. For succeeding loan cycles, as long as no withdrawals, no minimum CBU amount required. If with withdrawal, 2% of loan amount must be maintained. Member is allowed 2 withdrawals per month, as long as CBU does not go below 2% of principal loan amount. The Client Training Fund is used as client counterpart for their capacity building.
Full Pricing Data
Asenso Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
|---|
| Loan Amount | PHP 35,000 | | PHP 50,000 | | PHP 70,000 | | PHP 150,000 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2011-05-31 | | 2011-05-17 | | 2011-05-24 | | 2011-03-11 |
| Loan Term (Months) | 12.0 months | | 12.0 months | | 12.0 months | | 12.0 months |
| Grace Period (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 |
| True Price by Comp | | | | | | | |
| Interest and Fee Component | 68.6% | | 62.9% | | 64.8% | | 58.9% |
| Insurance Component | 7.9% | | 2.5% | | 3.7% | | 0.9% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 39.1% | | 3.8% | | 13.6% | | 27.4% |
| Full APR (int fee ins tax dep) | 115.5% | | 69.1% | | 82.1% | | 87.2% |
| Transparency Index | 26 | | 43 | | 37 | | 34 |
| | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
