2. Parabank
Please note that the information you are viewing is 182 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Sonata Finance
Please note that the information you are viewing is 146 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Parabank OJSC 60 Samed Vurgun strBaku, BakuAZ1022
Data approved: 2010-05-25
Data version: 1
Age of data: -   months 
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Institution

Sonata Finance Private Limited 125B/6B Pt. Madan Mohan Malviya RoadGorge TownAllahabad, Uttar PradeshPO Box 211002
Data approved: 2013-01-09
Data version: 3
Age of data: 146 months
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Product

Group Loans Product 2 of 4 « Prev | Next »

Product

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Product Summary

Number borrowers2,100
Loan Amount (range)AZN 500 - 2,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method24.0%-36.0% annual, Decl Bal
Fees2.00%-8.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component41.7% - 43.0% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)41.7% - 43.0%
Transparency Index (min/max)56 - 78
Transparency Index (average)56

Product Summary

1,793
INR 1,000 - 6,770
3.55 - 8.88
Credit Educ, Group Mtgs, Other Training
23.1%-26.0% annual, Decl Bal
1.00-40.00 upfront
None
None
N/A
 
23.0% - 26.2%
0.9% - 4.0%
0 - 2.0%
0 - 0.5%
26.0% - 30.7%
75 - 95
80

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 1,210,000
Portfolio (USD)USD 1,512,500
Active Clients with Loans2,100
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Unsecured Loans upto 2000 AZN to group of borrowers: Micro Enterprises, farmers, teachers, municipal workers, medical staff and etc.
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 training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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

Product Details

Key Statistics
Outstanding portfolio (INR)INR 2,848,556
Portfolio (USD)USD 53,746.34
Active Clients with Loans1,793
Approximate % Female Clients100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
With the social & Financial prospective, SONATA has tied-up with ?Hero Cycles Ltd.÷, Ghajam India Pvt. Ltd. to provides Cycle, Sewing Machine and Smokeless Chullah Loan (Advanced Cooking Stoves ?ACS÷) top-up loan to its clients
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other trainingx
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
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveUttar Pradesh

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 500
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average0
Grace Period
Grace period usage30%
Average grace period3.0 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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 1,000
Maximum loan size6,770
Distribution at Disbursement (Est.)
Loans less than INR 5,000100%
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term3.6 months
Longest loan term8.9 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months40%
Between 7 and 9 months60%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
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 interest2.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termN/A
Upfront Fees
Fee 1
DescriptionCash withdrawal fee
% of loan amount - min2.00%
% of loan amount - max8.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 interest23.12%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesLoan Size
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 - min0
% of loan amount - max0
OR, Fixed amount - min1
Fixed amount - max40
Reason for variationProcessing fee varies with the loan size
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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

Full Pricing Data

Group Loans samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountAZN 800AZN 860AZN 1,500AZN 1,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-03-292010-03-182010-03-162010-03-10
Loan Term (Months)12.0 months12.0 months12.0 months12.0 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 Component42.2%41.7%42.5%43.0%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)42.2%41.7%42.5%43.0%
Transparency Index57585656
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Utility Finance samples
Sample 1Sample 2Sample 3
Loan AmountINR 3,150INR 4,155INR 4,155
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-11-302012-11-302012-11-30
Loan Term (Months)8.0 months5.1 months5.1 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 280INR 285INR 280.60
True Price by Comp     
Interest price component23.0%26.2%26.2%
Fee Component2.6%4.0%4.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.4%0.5%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.0%30.7%30.2%
MFIN MFI Earning (Annualised)25.6%30.2%30.2%
MFIN Cost to Borrower (Annualised)26.0%30.7%30.2%
Transparency Index897577
MFIN Transparency Index1008888
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Group Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeBusinessLoan PurposeParabankInstitutionAZ-008-V01-P02ProductAZCountry2010YearRange Number1Institution Data Version05001,0001,500Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 1,00070050020020Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Utility Finance Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyLoan PurposeSonata FinanceInstitutionIN-067-V03-P03ProductINCountry2013YearRange Number3Institution Data Version01,0002,0003,0004,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 1,7001,30080040050Number of Borrowers
Click to view Price Analysis Tool
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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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X Axis
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