Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sarvodayanano.org |
Year established | 1996 |
Head of Institution | R. Asokkumar |
Regions active | Tamil Nadu |
# Branches | 92 |
Total Portfolio (nat'l) | INR 312,483,125 |
Total Portfolio (USD) | USD 5,895,908.02 |
Active clients with loans | 51,039 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | INR 10,000 - 15,000 | 4.6 | 80% - 100% | 0% - 20% | Business | Women, Men, Low HH Inc, Med HH Inc | Credit Educ |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% - 26.8% | 31% - 32.4% | 31.7% - 33.1% | Yes | Info awaited | NA | 98 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annapoorna | 25.7% annual, Decl Bal | 1 Fee | 0 | 12.36% fees | N/A | 31% - 32.4% | 31.7% - 33.1% | 79 |
Outstanding portfolio (PKR) | PKR 72,000,000 |
Portfolio (USD) | USD 707,040 |
Active Clients with Loans | 2,206 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0 |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | x |
Other | Livestock |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be involved in agriculture activity |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Punjab |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 75,000 |
Loans less than PKR 10,000 | 0 |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 10% |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Risk Coverage Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
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 10,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 1,656.05 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 15,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 2,484.08 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 20,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 3,312.11 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 25,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 4,140.14 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 30,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 4,968.16 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 40,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 6,624.22 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 50,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 8,280.27 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - | |
PKR 65,000 | Generated | 2015-06-01 | 5.9 months | N/A | PKR 10,764.36 | 32.3% | 24.0% | 6.2% | 2.1% | 0.0% | 0.0% | 74 | - |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |