2. FODEMI
Please note that the information you are viewing is 175 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SCCI
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fondo de Desarrollo Microempresarial FODEMI Jaime Rivadeneira 6-88 y Mariano AcostaIbarra, Imbabura10-01-225
Data approved: 2010-11-08
Data version: 1
Age of data: 175 months

Institution

SWAWS Credit Corporation India Private Limited C2 Pooja Plaza, Vikrampuri ColonyKharkhanaSecunderabad, Andhra Pradesh500003
Data approved: 2013-05-14
Data version: 2
Age of data: 143 months
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Product

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Product Summary

Number borrowers11,146
Loan Amount (range)USD 50 - 4,000
Loan Term (range)7 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación.
Annual Interest & Method20.6%-22.6% annual, Decl Bal
FeesNone
InsuranceNone
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price ComponentN/A
Fee Component22.3% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)26.3% - 26.4%
Transparency Index (min/max)77 - 85
Transparency Index (average)78

Product Summary

94,660
INR 5,000 - 30,000
12 - 24
Credit Educ, Group Mtgs, Credit Ins, Business Training, Product Linkages
25.0%-26.7% annual, Decl Bal
1.00% upfront
0.70% upfront
12.36% fees
N/A
 
25.8% - 27.3%
2.1% - 2.3%
1.5% - 1.6%
0.3%
29.8% - 30.6%
79 - 84
83

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,804,737.29
Portfolio (USD)USD 3,804,737.29
Active Clients with Loans11,146
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
El crédito mediante Bancas Comunales, permite acceder a crédito a personas de escasos recursos y de sectores distantes, mismos que no cuentan con bienes que los garanticen en forma individal o grupal.
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
OtherEstos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación.
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
Othermín 7 personas y máx 25 personas de un mismo sector.
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 680,411,879
Portfolio (USD)USD 12,837,959.98
Active Clients with Loans94,660
Approximate % Female Clients100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
OtherJoint Liability Group
Description
A weekly loan product that offers loans in the range of Rs.10000-26000 , for a 50 weeks tenure and weekly repayments . The interest rate charged for the loan is 12.5% (flat)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
OtherProduct Linkages
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other3 out of 5 members should have own house
Other (2)Age should be above 18 and upto 58
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveAndhra Pradesh, Karnataka, Maharashtra, Orissa, Tamil Nadu

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size4,000
Loan Term and Grace Period
Shortest loan term7.0 months
Longest loan term24.0 months
Approx average11.2 months
Grace Period
Grace period usage0
Average grace period0
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 5,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0005%
INR 5,000-15,00060%
INR 15,000-25,00030%
INR 25,000-35,0005%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months60%
Between 13 and 18 months40%
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 interest20.55%
Highest quoted nominal interest22.55%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
El ahorro obligatorio es generado por un Fondo de garantía equivalente al 1% del valor del crédito solicitado por el cliente. El mismo que es financiado por la Fundación y se devuelve mediante un abono a la àºltima cuota del crédito.

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest26.72%
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0.70%
% of loan amount - max0.70%
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 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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Crédito Banca Comunal samples
Sample 1Sample 2Sample 3
Loan AmountUSD 330USD 550USD 550
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-05-192010-05-252010-05-25
Loan Term (Months)7.0 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component22.3%22.3%22.3%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component4.0%4.1%4.1%
Full APR (int fee ins tax dep)26.3%26.4%26.4%
Transparency Index787878
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Weekly JLG samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 8,000INR 15,000INR 10,000INR 12,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-09-012012-09-012012-09-012012-09-01
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)-0.1 months-0.1 months-0.1 months-0.1 months
Total Cost of CreditINR 1,195.89INR 2,273.54INR 1,482.36INR 1,768.83
True Price by Comp       
Interest price component26.2%26.6%26.0%25.8%
Fee Component2.2%2.2%2.1%2.2%
Insurance Component1.5%1.5%1.6%1.5%
Tax Component0.3%0.3%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.2%30.6%30.0%29.8%
MFIN MFI Earning (Annualised)28.4%28.8%28.1%28.0%
MFIN Cost to Borrower (Annualised)30.2%30.6%30.0%29.8%
Transparency Index83828384
MFIN Transparency Index95949697
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Crédito Banca Comunal Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeFODEMIInstitutionEC-024-V01-P01ProductECCountry2010YearRange Number1Institution Data Version0100200300400500600Loan Size (all)0%10%20%Full APR (int fee ins tax dep)> 5,5004,1002,7001,300100Number 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
Weekly JLG Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeMultipleLoan PurposeSCCIInstitutionIN-073-V02-P03ProductINCountry2013YearRange Number2Institution Data Version05,00010,00015,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 56,00042,00028,00014,0001,500Number 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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