2. Harmos
Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Harmos Microenterprise Development Ltd Baptist Training Center, Corner Makishi & Great East RdRhodesparkLusakaP.O. Box 33911
Data approved: 2011-12-12
Data version: 1
Age of data: 163 months

Product

Business Loan Product 3 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (ZMK)ZMK 6,832,397,704
Portfolio (USD)USD 1,320,270.09
Active Clients with Loans9,244
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The target clients that have trading business. The aim is to empower women (mothers) so that there is a direct impact on children in terms of education, nutrition and health.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyZMK
Minimum loan sizeZMK 500,000
Maximum loan size90,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage100%
Average grace period0.3 months
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 interest4.25%
Highest quoted nominal interest5.25%
Reason(s) why interest rate variesTime as Client, Interest varies in relation to number of loan cycles
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication feeProcessing Fee
% of loan amount - min02.50%
% of loan amount - max02.50%
OR, Fixed amount - min10,0000
Fixed amount - max10,0000
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Life Assurance
% 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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited18.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountZMK 750,000ZMK 1,500,000ZMK 2,500,000ZMK 4,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-012011-06-132011-06-212011-03-28
Loan Term (Months)4.0 months4.0 months6.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component102.1%101.3%86.6%96.4%
Insurance Component5.1%5.1%3.8%2.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component37.6%37.7%33.7%35.7%
Full APR (int fee ins tax dep)144.9%144.1%124.0%134.9%
Transparency Index35354138
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loan Price Graphs


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  2. BSFL
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

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
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.basixindia.com/
Year established1996
Head of InstitutionMr. Vijaymahajan
Regions activeAndhra Pradesh, Bihar, Chhattisgarh, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal
# Branches188

Total Portfolio (nat'l)INR 2,414,154
Total Portfolio (USD)USD 45,550.08
Active clients with loans396,861
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsMFIN, Sadhan

Loan Products » Summary

Agri Allied
64,244 Borrowers
USD 6,876,623.96 Portfolio
Active Product
Crop Loan
8,998 Borrowers
USD 1,604,170.72 Portfolio
Active Product
Enterprise
201,981 Borrowers
USD 23,110,165.02 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Samruddhi Agri Allied Loan INR 15,000 - 50,000 23 - 24 60% - 80% 0% - 20% Business, Agriculture, For improving dairy livelihoods and buying inputs, purchase of mulch animals,procurement of fodder Women, Men, Joint Liability Group Credit Ins
Samruddhi Crop Loan INR 10,000 - 15,000 11 20% - 40% 0% - 20% Business, Agriculture Women, Men, All farmers/tenant farmers engaged in field crop cultivation Credit Ins
Samruddhi Micro Enterprise (NFS) Loan INR 15,000 - 50,000 23 - 24 60% - 80% 0% - 20% Business, For establishment cost,fixed cost,working capital Women, Men 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
Samruddhi Agri Allied Loan 23.8% 24.5% - 24.8% 28.5% - 29.5% Yes Yes Yes 100
Samruddhi Crop Loan 22.9% - 23% 24.7% - 24.8% 29.1% - 29.2% Yes Yes Yes 100
Samruddhi Micro Enterprise (NFS) Loan 23.7% - 23.8% 24.5% - 24.7% 28.9% - 29.3% Yes Yes Yes 100
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Samruddhi Agri Allied Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.5% - 24.8% 28.5% - 29.5% 83
Samruddhi Crop Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.7% - 24.8% 29.1% - 29.2% 82
Samruddhi Micro Enterprise (NFS) Loan 24.0% annual, Decl Bal 1 Fee 2 Ins 12.36% fees N/A 24.5% - 24.7% 28.9% - 29.3% 82
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Key Statistics
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# Countries
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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