| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | http://www.bandhanmf.com/ |
| Year established | 2006 |
| Head of Institution | Chandra Shekhar Ghosh |
| Regions active | 0 |
| # Branches | 1550 |
| Total Portfolio (nat'l) | INR 15,894,315,977 |
| Total Portfolio (USD) | USD 353,207,021.70 |
| Active clients with loans | 2,513,747 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Sa-dhan, MFIN (Microfinance Institutions Network), Alpha Microfinance Consultants(P) Ltd. (Alpha), AMFI (Association of Microfinance Institutions), W.B |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Samriddhi Loan (Micro Small and Medium Enterprise Loan) | INR 100,000 - 300,000 | 12 | 80% - 100% | 20% - 40% | Business | Women, Men, Have business | Credit Ins | |||||||
| Srishti Loan (Micro enterprise loan) Type1 | INR 25,000 - 50,000 | 10.15 - 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Ins | |||||||
| Srishti Loan(Micro enterprise loan) Type 2 | INR 25,000 - 50,000 | 10.38 - 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Ins | |||||||
| Suchana Loan (Micro Loan) Type 1 | INR 1,000 - 25,000 | 10.15 - 12 | 80% - 100% | 20% - 40% | Business, ONLY used for Income generating activities | Women, Have business | Credit Ins | |||||||
| Suchana Loan (Micro Loan) Type 2 | INR 1,000 - 25,000 | 10.38 - 12 | 80% - 100% | 20% - 40% | Business, It can be used for income generating activities on | Women, Have business | Credit Ins | |||||||
| Suraksha Loan (Health Loan) | INR 1,000 - 5,000 | 11.5 - 12 | 80% - 100% | 20% - 40% | Other, It can be used only for emergency health needs. , Can NOT be used for business | Women, This loan is extended to borrowers who have successfully completed at least one loan cycle. |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 0% | 0% | 0% | N/A | ||||||||||
| Srishti Loan (Micro enterprise loan) Type1 | 0% | 0% | 0% | N/A | ||||||||||
| Srishti Loan(Micro enterprise loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
| Suchana Loan (Micro Loan) Type 1 | 0% | 0% | 0% | N/A | ||||||||||
| Suchana Loan (Micro Loan) Type 2 | 0% | 0% | 0% | N/A | ||||||||||
| Suraksha Loan (Health Loan) | 0% | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Samriddhi Loan (Micro Small and Medium Enterprise Loan) | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
| Srishti Loan (Micro enterprise loan) Type1 | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
| Srishti Loan(Micro enterprise loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 0% | 0% | N/A | ||||||||
| Suchana Loan (Micro Loan) Type 1 | 10.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
| Suchana Loan (Micro Loan) Type 2 | 12.5% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 0% | 0% | N/A | ||||||||
| Suraksha Loan (Health Loan) | 10.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 0% | 0% | N/A |
| Outstanding portfolio (PKR) | PKR 20,659,337 |
| Portfolio (USD) | USD 202,874.69 |
| Active Clients with Loans | 335 |
| Approximate % Female Clients | 0 |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| 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 | 2 |
| Regions Active | Punjab, Sindh |
| Currency | PKR |
| Minimum loan size | PKR 100,000 |
| Maximum loan size | 200,000 |
| Loans less than PKR 10,000 | 0 |
| PKR 10,000-25,000 | 0 |
| PKR 25,000-50,000 | 0 |
| PKR 50,000-75,000 | 0 |
| PKR 75,000-150,000 | 100% |
| Greater than PKR 150,000 | 100% |
| Shortest loan term | 11.0 months |
| Longest loan term | 17.0 months |
| Approx average | 13.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 10% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | N/A |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 42.37% |
| Highest quoted nominal interest | 43.74% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| 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? | No |
| 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 |
|---|---|---|---|---|---|---|---|
