2. SNFL
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. FFO
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sarvodaya Nano Finance Limited 279, Avvai Shanmugam SalaiRoyapettahChennai, TamilnaduPO Box 600014
Data approved: 2013-01-10
Data version: 1
Age of data: 139 months

Institution

Farmers Friend Organization 29-A Civil Lines, Opposite Mezan Bank, Sargodha RoadSheikhupura, Punjab39350
Data approved: 2015-05-12
Data version: 2
Age of data: 113 months
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Product

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Product Summary

Number borrowers9,444
Loan Amount (range)INR 10,000 - 15,000
Loan Term (range)4.6
Other Services (text summary)Credit Educ
Annual Interest & Method25.7% annual, Decl Bal
Fees1.00% upfront
InsuranceNone
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.7% - 26.8%
Fee Component5.3% - 5.6%
Insurance Component0
Tax Component Range0.6% - 0.7%
Full APR (int fee ins tax dep)31.7% - 33.1%
Transparency Index (min/max)78 - 81
Transparency Index (average)79

Product Summary

9,912
PKR 15,000 - 75,000
12
Group Mtgs, Credit Ins
20.0% annual, Flat
5.00% upfront
None
None
5.0% upfront
 
34.4% - 34.6%
10.0%
0
0
48.9%
36 - 41
41

Product Details

Key Statistics
Outstanding portfolio (INR)INR 94,337,400
Portfolio (USD)USD 1,779,950.94
Active Clients with Loans9,444
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Annapoorna product is desinged to meet the finance needs of small traders at affordable rate.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveTamil Nadu

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 146,739,083
Portfolio (USD)USD 1,440,977.80
Active Clients with Loans9,912
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
This product is available for the community of vilages. It can be given in groups as well as to individual males and females
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term4.6 months
Longest loan term4.6 months
Approx average4.6 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 usage0
Average grace period0
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

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 15,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00060%
PKR 25,000-50,00030%
PKR 50,000-75,00010%
PKR 75,000-150,0000
Greater than PKR 150,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 interest25.70%
Highest quoted nominal interest25.70%
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
This product has no upfront insurance fees
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 interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min5.00%
% of loan amount - max5.00%
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
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?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
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 paid10.00%
Maximum interest rate paid10.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Annapoorna samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-01-222013-01-18
Loan Term (Months)4.7 months4.6 months4.6 months
Grace Period (Months)0.0 months0.0 months-0.1 months
Total Cost of CreditINR 918.54INR 918.54INR 918.54
True Price by Comp     
Interest price component25.7%26.0%26.8%
Fee Component5.3%5.5%5.6%
Insurance Component0.0%0.0%0.0%
Tax Component0.7%0.6%0.7%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.7%32.1%33.1%
MFIN MFI Earning (Annualised)31.0%31.5%32.4%
MFIN Cost to Borrower (Annualised)31.7%32.1%33.1%
Transparency Index818078
MFIN Transparency Index1009996
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Principle Loan Village Banking samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,758.22 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 18,000 Generated 2015-06-01 12.0 months N/A PKR 4,509.86 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 5,010.96 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 23,000 Generated 2015-06-01 12.0 months N/A PKR 5,762.60 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 25,000 Generated 2015-06-01 12.0 months N/A PKR 6,263.70 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 35,000 Generated 2015-06-01 12.0 months N/A PKR 8,769.18 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 45,000 Generated 2015-06-01 12.0 months N/A PKR 11,274.66 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
PKR 65,000 Generated 2015-06-01 12.0 months N/A PKR 16,285.62 48.9% 34.6% 10.0% 0.0% 0.0% 4.3% 41 - PDF
Annapoorna Price Graphs


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Principle Loan Village Banking 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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