Bhartiya Samruddhi Finance Limited - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

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: 144 months

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Institution

Business Initiative and Management Assistance Services (BIMAS) 2299 EmbuKenya60100

Data approved: 2010-09-14

Data version: 1

Age of data: - months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.basixindia.com/
Year established	1996
Head of Institution	Mr. Vijaymahajan
Regions active	Andhra Pradesh, Bihar, Chhattisgarh, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal
# Branches	188

Total Portfolio (nat'l)	INR 2,414,154
Total Portfolio (USD)	USD 45,550.08
Active clients with loans	396,861
Approximate % female clients	60% - 80%
Approximate % urban clients	0% - 20%
Network affiliations	MFIN, Sadhan

Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	No
Website address	N/A
Year established	1997
Head of Institution	Patrick Gathondu
Regions active	0
# Branches	5

Total Portfolio (nat'l)	KES 217,413,552
Total Portfolio (USD)	USD 2,625,767.54
Active clients with loans	11,645
Approximate % female clients	40% - 60%
Approximate % urban clients	40% - 60%
Network affiliations
Funders

Loan Products » Summary

Agri Allied

64,244 Borrowers

USD 6,876,623.96 Portfolio

Crop Loan

8,998 Borrowers

USD 1,604,170.72 Portfolio

Enterprise

201,981 Borrowers

USD 23,110,165.02 Portfolio

Loan Products » Summary

Hitimu

256 Borrowers

USD 34,515.71 Portfolio

Imarika

242 Borrowers

USD 144,840.23 Portfolio

Mama Plus

700 Borrowers

USD 132,300.70 Portfolio

Mifugo

132 Borrowers

USD 47,793.73 Portfolio

Msingi

9,794 Borrowers

USD 2,025,178.84 Portfolio

Upesi

288 Borrowers

USD 15,867.10 Portfolio

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 » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Hitimu Loan	KES 15,000 - 30,000	6 - 12	40% - 60%	40% - 60%	Business	Women, Men	Credit Educ, Group Mtgs, Credit Ins, Business Training
Imarika Loan	KES 50,000 - 2,000,000	3 - 18	40% - 60%	40% - 60%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training
Mama Plus Loan	KES 10,000 - 100,000	6 - 12	80% - 100%	40% - 60%	Business	Women, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training
Mifugo Loan	KES 50,000 - 80,000	9 - 12	40% - 60%	40% - 60%	Business, Agricultural loan	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training
Msingi Loan	KES 20,000 - 1,000,000	3 - 18	40% - 60%	40% - 60%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training
Upesi Loan	KES 10,000 - 20,000	3 - 6	40% - 60%	40% - 60%	Business, Other	Women, Men, Have business	Credit Educ, Group Mtgs, Business 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
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

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Hitimu Loan	17.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront 100.00 ongoing	0%	0%	N/A
Imarika Loan	17.0% annual, Flat	1 Fee	1 Ins	None	4,000.00 upfront 200.00 ongoing	0%	0%	N/A
Mama Plus Loan	8.0% annual, Flat	1 Fee	1 Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A
Mifugo Loan	17.0% annual, Flat	1 Fee	1 Ins	None	25.0% upfront 100.00 ongoing	0%	0%	N/A
Msingi Loan	17.0% annual, Flat	0 Fees	0 Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A
Upesi Loan	24.0% annual, Flat	1 Fee	0 Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A

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 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 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 Ins	12.36% fees	N/A	24.5% - 24.7%	28.9% - 29.3%	82

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Hitimu Loan	17.0% annual, Flat	1 Fee	1 Ins Ins	None	25.0% upfront 100.00 ongoing	0%	0%	N/A
Imarika Loan	17.0% annual, Flat	1 Fee	1 Ins Ins	None	4,000.00 upfront 200.00 ongoing	0%	0%	N/A
Mama Plus Loan	8.0% annual, Flat	1 Fee	1 Ins Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A
Mifugo Loan	17.0% annual, Flat	1 Fee	1 Ins Ins	None	25.0% upfront 100.00 ongoing	0%	0%	N/A
Msingi Loan	17.0% annual, Flat	0 Fees	0 Ins Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A
Upesi Loan	24.0% annual, Flat	1 Fee	0 Ins Ins	None	15.0% upfront 100.00 ongoing	0%	0%	N/A

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Key Statistics
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% Products with one or more insurances
% Products with compulsory deposits

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Institution

Institution

Institution Details

Institution Details

Loan Products » Summary

Loan Products » Summary

Loan Products » Conditions

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Loan Products » Pricing Information

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Loan Products » Pricing Information

Institution Price Graph

Institution Price Graph

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