Please note that the information you are viewing is
156 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-11-15
Data version: 1
Age of data: 156 months
Key Statistics
Outstanding portfolio (PHP) | PHP 30,000,000 |
Portfolio (USD) | USD 717,703.35 |
Active Clients with Loans | 2,000 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | |
Description
Credit extended to members to finance income-generating activities, using group lending methodology
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | x |
Other | Mortuary Fund/Life insurance |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | PHP |
Minimum loan size | PHP 20,000 |
Maximum loan size | 150,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Service Charge |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Paramount Insurance (for loans >P50,000) |
% of loan amount - min | 10.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 2.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Additional Comments
Insurance is in-house. For loan amounts greater than P5, FCB has tie-up with Paramount Insurance. Deposit upon disbursement goes to CBU which is withdrawable only upon exit from the program. 2% of CBU is transferred to time deposit. VAT is shouldered by the Foundation
Full Pricing Data
Help (Individual) samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
---|
Loan Amount | PHP 30,000 | | PHP 60,000 | | PHP 80,000 | | PHP 120,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-04-14 | | 2011-09-01 | | 2011-06-30 | | 2011-02-25 |
Loan Term (Months) | 12.0 months | | 6.0 months | | 12.0 months | | 24.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | |
Interest and Fee Component | 50.8% | | 55.9% | | 50.8% | | 38.3% |
Insurance Component | 0.2% | | 0.4% | | 0.2% | | 0.1% |
Tax Component | 1.1% | | 2.0% | | 1.1% | | 1.3% |
Deposit Component | 1.8% | | 2.0% | | 1.8% | | 1.4% |
Full APR (int fee ins tax dep) | 53.9% | | 60.3% | | 53.9% | | 41.1% |
Transparency Index | 44 | | 40 | | 45 | | 58 |
| | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Help (Individual) Price Graphs
Please note that the information you are viewing is
136 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-01-22
Data version: 3
Age of data: 136 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.swadhaar.com/ |
Year established | 2008 |
Head of Institution | Veena Mankar |
Regions active | Gujarat, Maharashtra |
# Branches | 30 |
Total Portfolio (nat'l) | INR 909,845,169 |
Total Portfolio (USD) | USD 17,166,889.98 |
Active clients with loans | 92,891 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 100% |
Network affiliations | |
87,428 Borrowers
USD 15,265,990.89 Portfolio
Active Product
5,072 Borrowers
USD 1,392,004.70 Portfolio
Active Product
391 Borrowers
USD 508,894.40 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Swahit - Individual Loan with Joint Liability |
|
INR 8,000 - 34,000 |
|
24 |
|
100% |
|
100% |
|
Business |
|
Women, Have business, Specific age group, Med HH Inc, Urban HH |
|
Credit Educ, Credit Ins |
Swayog - Individual Business Loan |
|
INR 8,000 - 75,000 |
|
3 - 12 |
|
0% - 20% |
|
100% |
|
Business |
|
Women, Men, Have business, Specific age group, Urban HH, The client must be the owner of the business. |
|
Credit Ins |
Top Up Loan |
|
INR 2,000 - 5,000 |
|
12 |
|
100% |
|
100% |
|
Business |
|
Women, Have business, Specific age group, Med HH Inc, Urban HH |
|
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 |
Swahit - Individual Loan with Joint Liability |
|
25.8% |
|
26.8% - 26.9% |
|
27.9% - 28% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Swayog - Individual Business Loan |
|
28.1% - 29.9% |
|
31.5% - 35% |
|
32.8% - 37% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Top Up Loan |
|
26% - 26.2% |
|
27.8% - 28.1% |
|
28.8% - 29.2% |
|
Yes |
|
Yes |
|
Yes |
|
99 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Swahit - Individual Loan with Joint Liability |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26.8% - 26.9% |
|
27.9% - 28% |
|
93 |
Swayog - Individual Business Loan |
|
30.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
31.5% - 35% |
|
32.8% - 37% |
|
85 |
Top Up Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
27.8% - 28.1% |
|
28.8% - 29.2% |
|
89 |