2. Micro Options
Please note that the information you are viewing is 114 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Micro Options Mohallah Hussainiya, Thaneel RoadChakwal, Punjab
Data approved: 2015-05-05
Data version: 2
Age of data: 114 months
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Product

Commerce Loan Product 3 of 5 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 25,236,755
Portfolio (USD)USD 247,824.93
Active Clients with Loans1,813
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
For Small Business
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 training
Other trainingx
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 groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveIslambad Capital Territory, Punjab

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,00020%
PKR 10,000-25,00050%
PKR 25,000-50,00030%
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 usage10%
Average grace period1.0 month
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 interest26.00%
Highest quoted nominal interest31.00%
Reason(s) why interest rate variesTime as Client
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 PROCESSING FEE
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationVaries on loan size
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?No

Full Pricing Data

Commerce 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 5,000 Generated 2015-06-01 11.9 months N/A PKR 1,049.89 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 10,000 Generated 2015-05-01 6.9 months N/A PKR 2,083.56 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 12,000 Generated 2015-05-01 6.9 months N/A PKR 2,500.27 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 10,000 Generated 2015-06-01 11.9 months N/A PKR 2,099.78 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 15,000 Generated 2015-05-01 6.9 months N/A PKR 3,125.34 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 15,000 Generated 2015-06-01 11.9 months N/A PKR 3,149.66 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 20,000 Generated 2015-05-01 6.9 months N/A PKR 4,167.12 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 18,000 Generated 2015-06-01 11.9 months N/A PKR 3,779.60 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 22,000 Generated 2015-05-01 6.9 months N/A PKR 4,583.84 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 20,000 Generated 2015-06-01 11.9 months N/A PKR 4,199.55 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 25,000 Generated 2015-05-01 6.9 months N/A PKR 5,208.90 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 22,000 Generated 2015-06-01 11.9 months N/A PKR 4,619.51 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 28,000 Generated 2015-05-01 6.9 months N/A PKR 5,833.97 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 25,000 Generated 2015-06-01 11.9 months N/A PKR 5,249.44 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
PKR 30,000 Generated 2015-05-01 6.9 months N/A PKR 6,250.68 33.8% 28.5% 5.3% 0.0% 0.0% 0.0% 77 - PDF
PKR 30,000 Generated 2015-06-01 11.9 months N/A PKR 6,299.33 36.3% 30.5% 5.8% 0.0% 0.0% 0.0% 72 - PDF
Commerce Loan Price Graphs


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  2. Arohan
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

Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West BengalPO Box 700107
Data approved: 2012-11-22
Data version: 2
Age of data: 139 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.arohan.in/
Year established1991
Head of InstitutionShubhankar Sengupta
Regions activeAssam, Bihar, West Bengal
# Branches86

Total Portfolio (nat'l)INR 399,408,132
Total Portfolio (USD)USD 7,536,002.49
Active clients with loans76,358
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsMFIN, Sa-Dhan

Loan Products » Summary

Bazar
5,611 Borrowers
USD 966,962.26 Portfolio
Active Product
Saral Month
37,941 Borrowers
USD 7,124,547.17 Portfolio
Active Product
Saral Product - Bihar
Retired Product
Saral Product- WB
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Bazar Loan INR 6,000 - 18,000 10 - 11 0% - 20% 80% - 100% Any Purpose Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Saral Monthly INR 5,000 - 15,000 15 80% - 100% 80% - 100% Any Purpose Women Credit Educ, 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
Bazar Loan 25% - 27.1% 27.1% - 29.4% 28.5% - 30.9% Yes Yes Yes 100
Saral Monthly 26% - 31.1% 27.6% - 32.9% 29.1% - 34.4% Yes Yes Yes 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
Bazar Loan 27.3% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.1% - 29.4% 28.5% - 30.9% 91
Saral Monthly 28.4% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.6% - 32.9% 29.1% - 34.4% 91
Institution Price Graph
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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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