2. SRDO
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
  2. Janalakshmi
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

Shadab Rural Development Organization Near Shell Petrol Station, Tando Adam RoadShahdadpur, Sindh68030
Data approved: 2015-04-25
Data version: 2
Age of data: 113 months
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Institution

Janalakshmi Financial Services (P) Ltd. Rajashree Saroja Plaza, 34/1, Andree Road,ShanthinagarBangalore, Karnataka560027
Data approved: 2013-05-03
Data version: 2
Age of data: 139 months
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Product

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Product

Small Group Loan Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers1,409
Loan Amount (range)PKR 10,000 - 30,000
Loan Term (range)12
Other Services (text summary)Group Mtgs
Annual Interest & Method22.0% annual, Flat
Fees3.00% upfront
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component36.4% - 37.8%
Fee Component6.1% - 10.8%
Insurance Component2.0% - 3.7%
Tax Component Range0
Full APR (int fee ins tax dep)45.9%
Transparency Index (min/max)43 - 48
Transparency Index (average)48

Product Summary

505,914
INR 5,000 - 50,000
12 - 24
Credit Educ, Group Mtgs, Credit Ins
26.0% annual, Decl Bal
1.00% upfront
0.33% upfront
12.36% fees
N/A
 
27.5% - 29.6%
1.0% - 5.9%
0 - 1.7%
0.1% - 0.7%
30.4% - 33.4%
57 - 86
83

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 12,719,344
Portfolio (USD)USD 124,903.96
Active Clients with Loans1,409
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is designed to serve the financial needs of small trade, services and manufacturing activities.
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 visits
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 groupx
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 6,309,129,714
Portfolio (USD)USD 119,040,183.30
Active Clients with Loans505,914
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Small group loans are provided to a group consisting of members who co-gurarantee each other. The loans can be used for a range of purposes including repayment of existing loans, education, micro enterprises, emergency etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
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 business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherGroup members must live within each other's vicinity.
Other (2)Must demonstrate capacity to repay.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveGujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 10,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,00090%
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 periodDK
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 size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00070%
INR 15,000-25,00020%
INR 25,000-35,00010%
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 average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months70%
Between 13 and 18 months0
Longer than 18 months30%
Grace Period
Grace period usage70%
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDocuments/Registration Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
DescriptionRisk Management 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?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?No

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
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
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 premium
% of loan amount - min0.33%
% of loan amount - max0.33%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationPremium is 0.325% of loan amount. If cover is for both borrower & co-borrower for 24 months, the total will be 0.325% of loan amount times 4.
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

Enterprise 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 Real 2015-05-01 12.0 months N/A PKR 6,484.93 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 PDF PDF
PKR 25,000 Generated 2015-05-01 12.0 months N/A PKR 6,484.93 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 10,000 Real 2015-05-01 12.0 months N/A PKR 2,593.97 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 PDF PDF
PKR 10,000 Generated 2015-05-01 12.0 months N/A PKR 2,593.97 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 15,000 Generated 2015-05-01 12.0 months N/A PKR 3,890.96 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 17,000 Generated 2015-05-01 12.0 months N/A PKR 4,409.75 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 20,000 Generated 2015-05-01 12.0 months N/A PKR 5,187.95 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 22,000 Generated 2015-05-01 12.0 months N/A PKR 5,706.74 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF
PKR 24,500 Generated 2015-05-01 12.0 months N/A PKR 6,355.23 45.9% 37.8% 6.1% 2.0% 0.0% 0.0% 48 - PDF

Full Pricing Data

Small Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 15,000INR 20,000INR 25,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-012013-04-042013-04-012013-04-01
Loan Term (Months)12.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months-0.1 months0.0 months0.0 months
Total Cost of CreditINR 2,908.54INR 6,974.72INR 8,795.90INR 10,552
True Price by Comp       
Interest price component29.6%27.9%27.9%27.9%
Fee Component1.9%1.1%1.0%1.0%
Insurance Component1.7%1.4%1.4%1.4%
Tax Component0.2%0.1%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.4%30.5%30.4%30.4%
MFIN MFI Earning (Annualised)31.5%29.0%28.9%28.9%
MFIN Cost to Borrower (Annualised)33.4%30.5%30.4%30.4%
Transparency Index78858686
MFIN Transparency Index88939393
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* 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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