2. Swadhaar
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
  2. LKL
Please note that the information you are viewing is 138 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyAnand Nagar, Guru Narayan Road, Santacruz (E)Mumbai, Maharashtra400001
Data approved: 2010-11-02
Data version: 1
Age of data: -   months 
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Institution

Letshego Kenya Limited P.O. Box 52926 00200Nairobi, Nairobi
Data approved: 2013-09-18
Data version: 2
Age of data: 138 months
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Product

Swahit - Individual Loan with Joint Liability Product 1 of 2 « Prev | Next »

Product

Maji Nyumbani Product 3 of 10 « Prev | Next »

Product Summary

Number borrowers23,585
Loan Amount (range)INR 6,000 - 34,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method15.0%-18.0% annual, Flat
Fees2.76% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component27.0% - 27.9% (Int+Fee)
Insurance Component1.0% - 3.4%
Tax Component Range0
Full APR (int fee ins tax dep)28.0% - 28.9%
Transparency Index (min/max)32 - 86
Transparency Index (average)36

Product Summary

363
KES 6,192 - 63,184
3 - 12
Credit Educ, Other Training
22.0% annual, Flat
None
2.00% upfront
None
10.0%-20.0% upfront
 
25.3% - 51.1%
0 - 10.2%
0 - 9.6%
0
49.8% - 52.0%
25 - 163
43

Product Details

Key Statistics
Outstanding portfolio (INR)INR 144,862,329
Portfolio (USD)USD 3,219,163
Active Clients with Loans23,585
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Swahit is an individual loan offered to women in groups. Evaluations are conducted individually and loans are cross-guaranteed by the group. The product allows flexibility by means of prepayments, part payments and door step collections.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household finance
OtherSome consumption is prohibited based on credit pol
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
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
OtherMicro-entrepreneurs, salaried or commission-based workers
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 (KES)KES 4,978,829.61
Portfolio (USD)USD 60,130.79
Active Clients with Loans363
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This product is offered in partnership with water tank manufacturing companies. LKL finances the purchase of such tanks, giving the client the comfort of paying in installments.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherThis loan is for the purchase of water tanks only
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
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 institution5
# Regions for this product5
Regions ActiveCentral, Coast, Eastern, Nairobi, Rift Valley

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size34,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average0
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
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
CurrencyKES
Minimum loan sizeKES 6,192
Maximum loan size63,184
Distribution at Disbursement (Est.)
Loans less than KES 50,00030%
KES 50,000-150,00070%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
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

Pricing Information

Interest
Lowest quoted nominal interest15.00%
Highest quoted nominal interest18.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fees (2.76%) - including service tax
% of loan amount - min2.76%
% of loan amount - max2.76%
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
Ins 1
DescriptionInsurance Fees
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min90
Fixed amount - max310
Reason for variation
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?No
Additional Comments
FEES: At the time of disbursement we collect:\rProcessing Fee: 2.76% of loan amount (including service tax)\r\rInsurance Fee: Minimum of 9 and Max of 31\r\rACCESS TO DEPOSIT: It can be accessed at the end of loan term OR at the time of loan foreclosure\r\rINSTALLMENT SCHEDULE: Processing Fees, Insurance Fees and Security Deposit (margin money) are not included in the repayment schedule as it is a system generated schedule. Details for these fees are included in the receipts given to the client at the time of disbursement.\r\rBROKEN PERIOD INTEREST: As in samples of the Swahit product, broken period interest may be charged upfront to some clients due to deferment in instalments dates.

Pricing Information

Interest
Lowest quoted nominal interest1.83%
Highest quoted nominal interest1.83%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
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
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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 forAll
Criteria10% upfront deposit requirement on individual loans, 20% upfront deposit requirement on group loans.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - 20.00%
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositEnd Term
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

Swahit - Individual Loan with Joint Liability samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2010-10-112010-10-042010-10-09
Loan Term (Months)12.0 months12.0 months24.0 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 Component33.6%37.0%29.5%
Insurance Component1.8%1.9%1.0%
Tax Component0.0%0.0%0.0%
Deposit Component7.3%7.9%6.0%
Full APR (int fee ins tax dep)42.8%46.8%36.4%
MFIN MFI Earning (Annualised)33.6%37.0%29.5%
MFIN Cost to Borrower (Annualised)42.8%46.8%36.4%
Transparency Index353241
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Maji Nyumbani samples
Sample 1Sample 2Sample 3
Loan AmountKES 8,048KES 26,912KES 53,824
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-07-312013-06-042013-04-04
Loan Term (Months)12.0 months9.0 months12.0 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditKES 1,960.55KES 5,097.66KES 13,111.86
True Price by Comp     
Interest price component37.9%38.4%38.5%
Fee Component0.0%0.0%0.0%
Insurance Component3.9%5.1%3.9%
Tax Component0.0%0.0%0.0%
Deposit Component8.0%8.5%8.3%
Full APR (int fee ins tax dep)49.8%52.0%50.7%
Transparency Index444243
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Swahit - Individual Loan with Joint Liability Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeMultipleLoan PurposeSwadhaarInstitutionIN-072-V01-P01ProductINCountry2010YearRange Number1Institution Data Version05,00010,00015,00020,000Loan Size (all)0%10%20%30%40%50%Full APR (int fee ins tax dep)> 5,8004,4002,9001,400100Number 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.
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Maji Nyumbani Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeOtherLoan PurposeLKLInstitutionKE-019-V02-P03ProductKECountry2013YearRange Number2Institution Data Version010,00020,00030,00040,00050,000Loan Size (all)0%20%40%Full APR (int fee ins tax dep)> 30102Number 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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