Please note that the information you are viewing is
160 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: 160 months
Key Statistics
Outstanding portfolio (PHP) | PHP 75,062,850 |
Portfolio (USD) | USD 1,795,761.96 |
Active Clients with Loans | 5,719 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Methodology
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | MABS Approach |
Description
An Asenso Loan is an individual microfinance loan product for microenterprises to help them expand their present business activities and increase their income.
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 | |
Business training | x |
Other training | x |
Other | Tie-up with other agencies (DTI, TESDA) for trainings |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | 18-65 years old |
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 10,000 |
Maximum loan size | 150,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | x |
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 interest | 2.50% |
Highest quoted nominal interest | 2.50% |
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 | Notarial Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 100 |
Fixed amount - max | 100 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ongoing Fees
| Fee 1 |
---|
Description | Service Charge |
% of loan amount - min | 3.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 4% if above 18 days |
Appears on Repayment Sched? | No |
Upfront Insurance Fees
| Ins 1 |
---|
Description | Loan Redemption Plan |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
| Ins 1 |
---|
Description | MBA (Microinsurance) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 0 |
or, Fixed-amount deposited | PHP 100 |
Deposits DURING period payments
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Credit Insurance is 1.5% per annum; TAXES: Documentary Stamps - Above 5, loan amount only - (Loan Amount less 5,)/2;
Full Pricing Data
ASENSO Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
---|
Loan Amount | PHP 15,000 | | PHP 30,000 | | PHP 60,000 | | PHP 100,000 | | PHP 120,000 |
Loan Cycle (1, 2, 3, etc) | 4 | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-04-20 | | 2010-11-30 | | 2011-07-06 | | 2011-01-20 | | 2010-12-15 |
Loan Term (Months) | 5.6 months | | 8.4 months | | 11.2 months | | 4.7 months | | 11.2 months |
Grace Period (Months) | 0.0 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 | | Not Known |
True Price by Comp | | | | | | | | | |
Interest and Fee Component | 74.4% | | 71.0% | | 66.3% | | 68.4% | | 66.1% |
Insurance Component | 18.9% | | 10.7% | | 6.5% | | 9.0% | | 5.1% |
Tax Component | 0.0% | | 0.0% | | 0.2% | | 1.2% | | 0.7% |
Deposit Component | 10.2% | | 8.6% | | 7.5% | | 7.0% | | 7.3% |
Full APR (int fee ins tax dep) | 103.5% | | 90.3% | | 80.5% | | 85.6% | | 79.2% |
Transparency Index | 29 | | 33 | | 37 | | 35 | | 38 |
| | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
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
Data approved: 2013-02-08
Data version: 2
Age of data: 140 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.saija.in/ |
Year established | 2007 |
Head of Institution | S. R. Sinha |
Regions active | Bihar |
# Branches | 7 |
Total Portfolio (nat'l) | INR 248,186,765.50 |
Total Portfolio (USD) | USD 4,682,769.16 |
Active clients with loans | 24,779 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | |
3,131 Borrowers
USD 909,726.06 Portfolio
Active Product
21,648 Borrowers
USD 3,773,043.10 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Saija Karobar Rin - Business JLG |
|
INR 5,000 - 50,000 |
|
11.5 - 24 |
|
0% - 20% |
|
80% - 100% |
|
Business |
|
Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH |
|
Credit Ins |
Saija Mahila Rin - Household JLG |
|
INR 5,000 - 50,000 |
|
11.5 - 24 |
|
80% - 100% |
|
100% |
|
Business |
|
Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH |
|
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 |
Saija Karobar Rin - Business JLG |
|
25.9% - 26.3% |
|
26.8% - 28% |
|
27.5% - 28.8% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Saija Mahila Rin - Household JLG |
|
25.9% - 26% |
|
26.8% - 28% |
|
27.4% - 29.5% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Saija Karobar Rin - Business JLG |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26.8% - 28% |
|
27.5% - 28.8% |
|
92 |
Saija Mahila Rin - Household JLG |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26.8% - 28% |
|
27.4% - 29.5% |
|
92 |