2. SMILE
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

S.M.I.L.E. Microfinance Limited 4, Dr.Natesan RoadAshok NagarChennai, Tamilnadu600083
Data approved: 2013-05-21
Data version: 1
Age of data: 139 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.smileltd.org
Year established1995
Head of InstitutionMr. M. Sathiyamoorthi
Regions activeTamil Nadu, Puducherry
# Branches151

Total Portfolio (nat'l)INR 3,017,141,968
Total Portfolio (USD)USD 56,927,206.94
Active clients with loans360,271
Approximate % female clients100%
Approximate % urban clients40% - 60%
Network affiliationsSa-Dhan, MFIN

Loan Products » Summary

IGP
360,271 Borrowers
USD 56,927,206.94 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Micro Loan (IGP) INR 5,000 - 30,000 6 - 24 100% 40% - 60% Business Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH 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
Micro Loan (IGP) 25.2% - 26% 26.8% - 27.9% 28.7% - 30.9% Yes Yes Info awaited 100
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan (IGP) 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 27.9% 28.7% - 30.9% 88
Institution Price Graph
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  2. ASA
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

ASA Pakistan Ltd. T-61, Block-6, PECHS,Karachi, Sindh Pakistan
Data approved: 2015-04-13
Data version: 2
Age of data: 113 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 68,658,128
Portfolio (USD)USD 674,222.82
Active Clients with Loans2,273
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Small Business Loan for male and female clients to enhance their business. First Time Loan from 50 K to 80 K. For succeeding loan increment of Rs. 15 K each time.
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 insurancex
Workplace visitsx
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 ActivePunjab, Sindh

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 50,000
Maximum loan size99,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00070%
PKR 50,000-75,00020%
PKR 75,000-150,00010%
Greater than PKR 150,00010%
Loan Term and Grace Period
Shortest loan term11.0 months
Longest loan term11.0 months
Approx average11.0 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 weeksx
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest43.74%
Highest quoted nominal interest43.74%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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
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?No

Full Pricing Data

Small Business Loan 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 25,000 Generated 2015-05-01 10.1 months N/A PKR 5,309.33 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 30,000 Generated 2015-05-01 10.1 months N/A PKR 6,371.20 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 35,000 Generated 2015-05-01 10.1 months N/A PKR 7,433.07 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 40,000 Generated 2015-05-01 10.1 months N/A PKR 8,494.93 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 45,000 Generated 2015-05-01 10.1 months N/A PKR 9,556.80 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 60,000 Generated 2015-05-01 10.1 months N/A PKR 12,742.40 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 70,000 Generated 2015-05-01 10.1 months N/A PKR 14,866.13 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
PKR 90,000 Generated 2015-05-01 10.1 months N/A PKR 19,113.60 43.0% 43.0% 0.0% 0.0% 0.0% 0.0% 100 - PDF
Small Business 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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