Bandhan Financial Services Private Limited - MFTransparency.org Truth In Lending Tables

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

Bandhan Financial Services Private Limited DN-32, Sector-V,Salt Lake CityKolkata, West Bengal700091

Data approved: 2013-01-16

Data version: 2

Age of data: 143 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.bandhanmf.com/
Year established	2002
Head of Institution	Chandra Shekhar Ghosh
Regions active	Assam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West BengalDadra and Nagar Haveli, National Capital Territory of Delhi
# Branches	1700

Total Portfolio (nat'l)	INR 35,934,903,405
Total Portfolio (USD)	USD 678,017,045.40
Active clients with loans	4,039,061
Approximate % female clients	80% - 100%
Approximate % urban clients	20% - 40%
Network affiliations	Sa-dhan, MFIN, Alpha Microfinance Consultants(P) Ltd. (Alpha), AMFI (Association of Microfinance Institutions), W.B

Loan Products » Summary

Suraksha

10,282 Borrowers

USD 1,703,540.74 Portfolio

Suchana

3,183,754 Borrowers

USD 394,083,435.40 Portfolio

Srishti

851,819 Borrowers

USD 278,595,779.20 Portfolio

Susiksha

2,575 Borrowers

USD 100,107.23 Portfolio

Fisheries

231 Borrowers

USD 81,195.98 Portfolio

Samriddhi Loan (Micro Small and Medium Enterprise Loan)

Srishti Loan (Micro enterprise loan) Type1

Srishti Loan(Micro enterprise loan) Type 2

Suchana Loan (Micro Loan) Type 1

Suchana Loan (Micro Loan) Type 2

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Suraksha Loan (Health Loan)	INR 1,000 - 10,000	12	100%	20% - 40%	Other, It can be used only for emergency health needs. , Can NOT be used for business	Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle	Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Suchana Loan	INR 1,000 - 15,000	12	100%	20% - 40%	Business	Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years	Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Srishti Loan	INR 16,000 - 50,000	24	100%	20% - 40%	Business	Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years	Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Susikhsha Loan	INR 1,000 - 10,000	12	100%	20% - 40%	Education	Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle	Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Fisheries Loan	INR 10,000 - 50,000	12 - 24	80% - 100%	20% - 40%	Business	Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have an access to waterland	Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Leadership Training

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
Suraksha Loan (Health Loan)	19.8% - 19.9%	21.9% - 22.1%	22.2% - 22.3%	Yes	Yes	Yes	100
Suchana Loan	21.8% - 22.9%	23.8% - 25%	25.1% - 26.2%	Yes	Yes	Yes	100
Srishti Loan	22.5% - 22.9%	23.5% - 24%	24.7% - 25.2%	Yes	Yes	Yes	100
Susikhsha Loan	19.8% - 20.1%	21.9% - 22.3%	22.2% - 22.5%	Yes	Yes	Yes	100
Fisheries Loan	22.7% - 23.8%	23.7% - 25.4%	24.7% - 26.4%	Yes	Yes	Yes	99

*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
Suraksha Loan (Health Loan)	20.0% annual, Decl Bal	1 Fee	0 Ins	12.36% fees	N/A	21.9% - 22.1%	22.2% - 22.3%	90
Suchana Loan	22.9% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	23.8% - 25%	25.1% - 26.2%	88
Srishti Loan	22.9% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	23.5% - 24%	24.7% - 25.2%	92
Susikhsha Loan	20.0% annual, Decl Bal	1 Fee	0 Ins	12.36% fees	N/A	21.9% - 22.3%	22.2% - 22.5%	89
Fisheries Loan	22.9% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	23.7% - 25.4%	24.7% - 26.4%	90

Institution Price Graph

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Please note that the information you are viewing is 122 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Musoni Kenya Limited 25351Nairobi, Nairobi100

Data approved: 2015-03-27

Data version: 1

Age of data: 122 months

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Product

Tuelimike ( School Fee Loan) Product 3 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (KES)	KES 12,718,447
Portfolio (USD)	USD 153,604.43
Active Clients with Loans	1,189
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Targets clients who either have children in school or are undertaking colledge training themselves.

Loan Purpose

Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training	x
Other
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
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	5
# Regions for this product	4
Regions Active	Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount

Currency	KES
Minimum loan size	KES 5,000
Maximum loan size	70,000

Distribution at Disbursement (Est.)

Loans less than KES 50,000	80%
KES 50,000-150,000	20%
KES 150,000-250,000	0
KES 250,000-350,000	0
KES 350,000-450,000	0
Greater than KES 450,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	9.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	50%
Between 7 and 9 months	50%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	1.83%
Highest quoted nominal interest	1.83%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	upfront
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
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 for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Tuelimike ( School Fee Loan) samples

Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	True Price by Component					Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
Loan Amount	Type of Sample	Disbursement Date	Loan Term (Months)	Grace Period (Months)	Total Cost of Credit	Full APR (int fee ins tax dep)	Interest price component	Fee Component	Insurance Component	Tax Component	Deposit Component	Transparency Index	Original Repayment Schedule	MFT Pricing Calculation
KES 5,000	Generated	2015-03-01	5.5 months	N/A	KES 655.38	79.2%	39.2%	12.6%	0.0%	0.0%	27.4%	28	-	PDF
KES 5,750	Generated	2015-03-01	8.7 months	N/A	KES 1,092.71	72.9%	39.6%	8.4%	0.0%	0.0%	24.9%	30	-	PDF
KES 18,000	Generated	2015-03-01	5.5 months	N/A	KES 2,359.37	79.2%	39.2%	12.6%	0.0%	0.0%	27.4%	28	-	PDF
KES 25,875	Generated	2015-03-01	8.7 months	N/A	KES 4,917.21	72.9%	39.6%	8.4%	0.0%	0.0%	24.9%	30	-	PDF
KES 36,000	Generated	2015-03-01	5.5 months	N/A	KES 4,718.74	79.2%	39.2%	12.6%	0.0%	0.0%	27.4%	28	-	PDF
KES 48,000	Generated	2015-03-01	9.0 months	N/A	KES 9,352.82	67.2%	37.6%	7.7%	0.0%	0.0%	21.9%	33	-	PDF
KES 60,000	Generated	2015-03-01	5.5 months	N/A	KES 7,864.57	79.2%	39.2%	12.6%	0.0%	0.0%	27.4%	28	-	PDF
KES 70,000	Generated	2015-03-01	9.0 months	N/A	KES 13,639.53	67.2%	37.6%	7.7%	0.0%	0.0%	21.9%	33	-	PDF

Tuelimike ( School Fee Loan) Price Graphs

Loan Size/

Loan Term/

Custom

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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

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N (# of Samples)
Total Borrrowers of Samples


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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Description

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Term and Grace Period

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Tuelimike ( School Fee Loan) samples

Tuelimike ( School Fee Loan) Price Graphs

Total Borrowers of Samples

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