2. PAWDEP
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Equitas
Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

PAWDEP P.O. Box 2472Nairobi
Data approved: 2013-03-07
Data version: 2
Age of data: 143 months
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Institution

Singhivi Investment & Finance Pvt. Ltd. 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035
Data approved: 2013-02-20
Data version: 3
Age of data: 140 months
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Product

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Product

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Product Summary

Number borrowers30,413
Loan Amount (range)KES 5,000 - 200,000
Loan Term (range)15 - 52
Other Services (text summary)Credit Educ, Group Mtgs, Business Training
Annual Interest & Method18.0% annual, Decl Bal
Fees2.00% upfront
InsuranceNone
TaxNone
Comp Dep40.0% upfront 200.00 ongoing
Range of pricing 
Interest Price Component17.8% - 59.4%
Fee Component0.1% - 2.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)50.6% - 106.5%
Transparency Index (min/max)17 - 72
Transparency Index (average)26

Product Summary

590,000
INR 12,000 - 18,000
18 - 24
Credit Educ, Group Mtgs, Credit Ins
25.5% annual, Decl Bal
1.00% upfront
1.46% upfront
12.36% fees
N/A
 
24.4% - 25.4%
1.0% - 2.1%
1.5% - 2.2%
0.1% - 0.3%
27.7% - 29.1%
87 - 92
90

Product Details

Key Statistics
Outstanding portfolio (KES)KES 536,726,896
Portfolio (USD)USD 6,482,208.89
Active Clients with Loans30,413
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
The Nuru loan product is only available to clients in a solidarity group. The loan ranges from Kshs 5,000 to Kshs 200,000. Every client must be over 18 years of age.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
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 institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, North Eastern, Rift Valley

Product Details

Key Statistics
Outstanding portfolio (INR)INR 3,500,000,000
Portfolio (USD)USD 66,037,735.85
Active Clients with Loans590,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Primary microcredit loan given under the JLG model for the purpose of capital infusion into new members for existing business
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 visits
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 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 institution2
# Regions for this product5
Regions ActiveGujarat, Madhya Pradesh, Rajasthan, Tamil Nadu, Puducherry

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size200,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00070%
KES 50,000-150,00020%
KES 150,000-250,00010%
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term52.0 months
Approx average26.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months20%
Longer than 18 months80%
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size18,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00050%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term18.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage100%
Average grace periodDK
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest18.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Application Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited40.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest25.50%
Highest quoted nominal interest25.50%
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
Ins 1
DescriptionTerm Life Insurance
% of loan amount - min1.46%
% of loan amount - max1.46%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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

Full Pricing Data

Nuru Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 10,000KES 20,000KES 50,000KES 100,000KES 200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-112013-03-142013-06-182013-03-202013-04-25
Loan Term (Months)20.0 months20.0 months25.0 months35.0 months51.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 1,775KES 3,550KES 10,750KES 28,249.97KES 80,500
True Price by Comp         
Interest price component17.8%17.8%17.9%17.8%17.9%
Fee Component2.6%2.5%2.1%1.7%1.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component86.1%61.2%45.9%38.1%31.5%
Full APR (int fee ins tax dep)106.5%81.5%65.9%57.6%50.6%
Transparency Index1722273136
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

First Cycle Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 12,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-282013-02-282013-02-28
Loan Term (Months)24.0 months24.0 months17.0 months
Grace Period (Months)0.1 months0.1 months0.0 months
Total Cost of CreditINR 3,609.83INR 3,684.83INR 2,652.83
True Price by Comp     
Interest price component25.1%25.0%25.3%
Fee Component1.1%1.0%1.4%
Insurance Component1.6%1.6%2.2%
Tax Component0.1%0.1%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)27.9%27.7%29.1%
MFIN MFI Earning (Annualised)26.2%26.0%26.7%
MFIN Cost to Borrower (Annualised)27.9%27.7%29.1%
Transparency Index919288
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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