2. Utkarsh
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Sekam Trust
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Utkarsh Microfinance Pvt Ltd S-2/639-56, VARUNA VIHAR COLONY,NEAR J P MEHTA INTER COLLEGE, CANTT.,VARANASI, UTTAR PRADESH221002
Data approved: 2012-01-12
Data version: 1
Age of data: -   months 
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Institution

Sekam Trust International Tulaku, behind Amal BankPBM 16AF, Adenta FlatsAshaiman, Greater Accra
Data approved: 2013-03-15
Data version: 2
Age of data: 145 months
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Product

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Product

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Product Summary

Number borrowers43,209
Loan Amount (range)INR 6,000 - 18,000
Loan Term (range)12 - 14
Other Services (text summary)Credit Educ, Group Mtgs, Tech Asst Visits
Annual Interest & Method25.9% annual, Decl Bal
Fees
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component
Fee Component
Insurance Component
Tax Component Range
Full APR (int fee ins tax dep)0
Transparency Index (min/max)
Transparency Index (average)N/A

Product Summary

365
GHS 200 - 500
3 - 6
Book keeping training
60.00%-96.00% annual, Flat
2 fees
1.20% upfront
None
20.00% upfront
 
110.7% - 154.0%
9.8% - 26.0%
5.1% - 6.4%
0
248.8% - 257.7%
22 - 26
23

Product Details

Key Statistics
Outstanding portfolio (INR)INR 401,868,015
Portfolio (USD)USD 8,930,400
Active Clients with Loans43,209
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Income generation loan between INR 6000-18000 to women borrowers under joint liability structure
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherIncome Genration
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business training
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 groupx
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other21-55
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 146,000
Portfolio (USD)USD 74,111.68
Active Clients with Loans365
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for petty traders and fish mongers, mostly women in groups of 5-10 members.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
OtherBook keeping training
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 institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size18,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term14.0 months
Approx average14.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan sizeGHS 500
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
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 term3.0 months
Longest loan term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months60%
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
Weekly
Every 2 weeksx
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 interest25.90%
Highest quoted nominal interest25.90%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1Ins 2
DescriptionProcessing fees and Insurance fees1% of loan disbursed where both the borrower as well as guarantors are covered. The fees is entirely paid to insurance company as insurance premium and the company doesnot retain any administrative fees
% of loan amount - min1.00%1.00%
% of loan amount - max1.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation
Appears on Repayment Sched?YesYes
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?No
Additional Comments
No savings collected from members

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesClient Risk, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeRegistration Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.20%
% of loan amount - max1.20%
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?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid10.50%
Maximum interest rate paid10.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Utkarsh Pragati samples
No sample data for this product

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 250GHS 300GHS 375
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-252012-11-252013-01-20
Loan Term (Months)5.8 months5.8 months5.8 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 138GHS 163.60GHS 202
True Price by Comp     
Interest price component154.0%154.0%154.0%
Fee Component26.0%23.0%20.0%
Insurance Component5.4%5.4%5.4%
Tax Component0.0%0.0%0.0%
Deposit Component72.3%70.8%69.4%
Full APR (int fee ins tax dep)257.7%253.2%248.8%
Transparency Index232424
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Utkarsh Pragati Price Graphs
No sample data for this product
Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeSekam TrustInstitutionGH-039-V02-P02ProductGHCountry2013YearRange Number2Institution Data Version0100200300400Loan Size (all)0%100%200%Full APR (int fee ins tax dep)> 30010020Number of Borrowers
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Caps / Zoom options
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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