2. SRSO
Please note that the information you are viewing is 118 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SCCI
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

Institution

Sindh Rural Support Organization SRSO Complex, Near Taj Petroleum Pump, Shikarpur Road, SukkurSukkur, Sindh65200
Data approved: 2015-04-30
Data version: 2
Age of data: 118 months
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Institution

SWAWS Credit Corporation India Private Limited C2 Pooja Plaza, Vikrampuri ColonyKharkhanaSecunderabad, Andhra Pradesh500003
Data approved: 2013-05-14
Data version: 2
Age of data: 144 months
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Product

Enterprise Product 3 of 3 « Prev | Next »

Product

Fortnightly Loan Product 1 of 3 « Prev | Next »

Product Summary

Number borrowers19,720
Loan Amount (range)PKR 10,000 - 50,000
Loan Term (range)12
Other Services (text summary)Group Mtgs, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method20.0% annual, Flat
Fees450.00 upfront
Insurance150.00 upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component19.8% - 26.2%
Fee Component1.0% - 9.4%
Insurance Component0.4% - 3.2%
Tax Component Range0
Full APR (int fee ins tax dep)21.2% - 26.6%
Transparency Index (min/max)72 - 100
Transparency Index (average)87

Product Summary

21,038
INR 5,000 - 30,000
12 - 24
Credit Educ, Group Mtgs, Credit Ins, Business Training
25.0%-26.7% annual, Decl Bal
1.00% upfront
0.70% upfront
12.36% fees
N/A
 
25.8% - 27.3%
2.1% - 2.3%
1.5% - 1.6%
0.3%
30.9% - 31.5%
79 - 84
80

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 240,923,687
Portfolio (USD)USD 2,365,870.61
Active Clients with Loans19,720
Approximate % Female Clients80% - 100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Enterprise loan are disbursed in semi urban areas of SRSO operation areas. Females use this loan for small enterprises developments. 90% female preparing handicrafts and traditional products at their home.
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 insurance
Workplace visitsx
Business trainingx
Other trainingx
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 institution1
# Regions for this product1
Regions ActiveSindh

Product Details

Key Statistics
Outstanding portfolio (INR)INR 162,845,583
Portfolio (USD)USD 3,072,558.17
Active Clients with Loans21,038
Approximate % Female Clients100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
OtherJoint Liability Group
Description
Loan Product with a repayment on fortnightly basis , offering loans in the range of Rs.10000-30000 @13.5%(flat).
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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
Other3 Out of 5 members should have own house in a group
Other (2)Age should be above 18 and upto 58
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product3
Regions ActiveAndhra Pradesh, Orissa, Tamil Nadu

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,00020%
PKR 10,000-25,00070%
PKR 25,000-50,00010%
PKR 50,000-75,0000
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 period0.3 months
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 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0005%
INR 5,000-15,00090%
INR 15,000-25,0005%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 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 - min0
% of loan amount - max0
OR, Fixed amount - min450
Fixed amount - max450
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min150
Fixed amount - max150
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?No

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest26.72%
Reason(s) why interest rate variesLoan Size, Changes in Interest rates are due to competition, company performance and regulation
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
DescriptionInsurance
% of loan amount - min0.70%
% of loan amount - max0.70%
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 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

Enterprise samples
Type of Sample
Grace Period (Months)
Full APR (int fee ins tax dep)
True Price by Component
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 10,000 Generated 2015-06-01 12.0 months N/A PKR 2,605.48 26.6% 19.8% 5.1% 1.7% 0.0% 0.0% 75 - PDF
PKR 12,000 Generated 2015-06-01 12.0 months N/A PKR 3,006.58 25.4% 19.8% 4.2% 1.4% 0.0% 0.0% 79 - PDF
PKR 15,000 Generated 2015-06-01 12.0 months N/A PKR 3,608.22 24.3% 19.8% 3.4% 1.1% 0.0% 0.0% 82 - PDF
PKR 20,000 Generated 2015-06-01 12.0 months N/A PKR 4,610.96 23.2% 19.8% 2.5% 0.9% 0.0% 0.0% 86 - PDF
PKR 30,000 Generated 2015-06-01 12.0 months N/A PKR 6,616.44 22.0% 19.8% 1.7% 0.5% 0.0% 0.0% 91 - PDF
PKR 42,000 Generated 2015-06-01 12.0 months N/A PKR 9,023.01 21.4% 19.8% 1.2% 0.4% 0.0% 0.0% 93 - PDF
PKR 50,000 Generated 2015-06-01 12.0 months N/A PKR 10,627.40 21.2% 19.8% 1.0% 0.4% 0.0% 0.0% 95 - PDF
PKR 35,000 Generated 2015-05-01 12.0 months N/A PKR 7,580.82 21.7% 19.8% 1.5% 0.4% 0.0% 0.0% 100 - PDF

Full Pricing Data

Fortnightly Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 15,000INR 12,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-062012-09-252012-09-062012-09-06
Loan Term (Months)11.0 months11.0 months11.0 months11.0 months
Grace Period (Months)-0.3 months-0.3 months-0.3 months-0.3 months
Total Cost of CreditINR 1,507.36INR 2,298.54INR 1,818.83INR 1,818.83
True Price by Comp       
Interest price component27.3%27.2%26.8%26.8%
Fee Component2.3%2.2%2.3%2.3%
Insurance Component1.6%1.5%1.5%1.5%
Tax Component0.3%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.5%31.2%30.9%30.9%
MFIN MFI Earning (Annualised)29.6%29.4%29.1%29.1%
MFIN Cost to Borrower (Annualised)31.5%31.2%30.9%30.9%
Transparency Index79808181
MFIN Transparency Index92929393
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Enterprise Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeSRSOInstitutionPK-024-V02-P03ProductPKCountry2015YearRange Number2Institution Data Version010,00020,00030,00040,00050,000Loan Size (all)0%10%20%Full APR (int fee ins tax dep)> 13,00010,0006,9003,400300Number of Borrowers
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Fortnightly Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeMultipleLoan PurposeSCCIInstitutionIN-073-V02-P01ProductINCountry2013YearRange Number2Institution Data Version05,00010,00015,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 18,00014,0009,4004,700500Number of Borrowers
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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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