Outstanding portfolio (RWF) | RWF 295,147,266 |
Portfolio (USD) | USD 468,488 |
Active Clients with Loans | 2,764 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 5 |
Regions Active | Bugesera, Kicukiro, Nyarugenge, Rubavu, Rusizi |
Currency | RWF |
Minimum loan size | RWF 10,000 |
Maximum loan size | 500,000 |
Loans less than RWF 500,000 | 100% |
RWF 500,000-1,500,000 | 0 |
RWF 1,500,000-2,500,000 | 0 |
RWF 2,500,000-3,500,000 | 0 |
RWF 3,500,000-4,500,000 | 0 |
Greater than RWF 4,500,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 8.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 90% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commission Fee | Loan Application Fee | |
% of loan amount - min | 1.50% | 0 | |
% of loan amount - max | 1.50% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 18% |
All or some fees taxed | All |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | RWF 100,000 | RWF 250,000 | RWF 100,000 | ||
Loan Cycle (1, 2, 3, etc) | 1 | Not Known | Not Known | ||
Disbursement Date | 2012-05-15 | 2012-06-15 | 2012-09-05 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 6.1 months | 1.0 month | 6.0 months | ||
Total Cost of Credit | RWF 28,570 | RWF 54,175 | RWF 28,570 | ||
True Price by Comp | |||||
Interest price component | 27.7% | 48.6% | 28.2% | ||
Fee Component | 24.3% | 20.9% | 24.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 4.7% | 3.8% | 4.7% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 56.7% | 73.3% | 57.6% | ||
Transparency Index | 53 | 41 | 52 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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 |
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 |
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 |
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 |
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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |