2. FUNDESAN
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDESAN BucaramangaBucaramanga
Data approved: 2011-08-01
Data version: 1
Age of data: 160 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fundesan.org/
Year established1974
Head of InstitutionJORGE ALBERTO GIL ORDOÑEZ
Regions active
# Branches2

Total Portfolio (nat'l)COP 5,000,000,000
Total Portfolio (USD)USD 2,747,252.75
Active clients with loans2,800
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Loan Products » Summary

Peidecuesta
500 Borrowers
USD 343,406.59 Portfolio
Active Product
IMEBU
1,400 Borrowers
USD 989,010.99 Portfolio
Active Product
Superiores
100 Borrowers
USD 337,142.86 Portfolio
Active Product
Productiva
200 Borrowers
USD 302,197.80 Portfolio
Active Product
Santander
200 Borrowers
USD 549,450.55 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
MICROEMPRESARIALES EN EL MUNICIPIO DE PIEDECUESTA COP 300,000 - 2,000,000 3 - 24 60% - 80% 40% - 60% Education Women, Men, Have business Credit Educ, Credit Ins, Tech Asst Visits
CREDITOS PARA TODOS IMEBU COP 300,000 - 7,000,000 3 - 36 60% - 80% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins, Tech Asst Visits
Créditos superiores COP 3,000,000 - 20,000,000 12 - 36 20% - 40% 80% - 100% Business Women, Men Credit Educ, Credit Ins, Tech Asst Visits
HACIENDA PRODUCTIVA COP 2,000,000 - 7,000,000 12 - 36 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins, Tech Asst Visits
IDESAN APOYA A LAS MIPYMES EN SANTANDER COP 2,000,000 - 20,000,000 12 - 48 40% - 60% 60% - 80% Business Women, Men, Have business

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
MICROEMPRESARIALES EN EL MUNICIPIO DE PIEDECUESTA 12.0% annual, Decl Bal 1 Fee 2 Ins None N/A 16.6% - 21.1% 18.8% - 26.1% 53
CREDITOS PARA TODOS IMEBU 20.4% annual, Decl Bal 1 Fee 3 Ins None N/A 20.5% - 23.8% 21.8% - 27% 86
Créditos superiores 18.0% annual, Decl Bal 1 Fee 3 Ins None N/A 19.1% - 19.6% 20.2% - 21.2% 87
HACIENDA PRODUCTIVA 15.0% annual, Decl Bal 1 Fee 2 Ins None N/A 18.2% - 19.8% 19.5% - 21.2% 74
IDESAN APOYA A LAS MIPYMES EN SANTANDER 21.0% annual, Decl Bal 1 Fee 2 Ins None N/A 22.5% - 24.3% 23.5% - 25.8% 84
Institution Price Graph
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  2. Swadhaar
Please note that the information you are viewing is 133 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 SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 133 months
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Product

Swahit - Individual Loan with Joint Liability Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 809,097,517
Portfolio (USD)USD 15,265,990.89
Active Clients with Loans87,428
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Swahit is an individual loan offered to women in groups. Client evaluations are conducted individually and loans are cross-guaranteed by the group. The product allows flexibility through prepayments and part payments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
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 worker
Must be specific age groupx
Household income <60,000 INR
Household income <120,000 INRx
Must live in rural area
Must lives in urban areax
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size34,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00050%
INR 15,000-25,00040%
INR 25,000-35,00010%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term24.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage100%
Average grace period1.0 month
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 interest26.00%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesBranch
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
DescriptionCredit Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min74.72
Fixed amount - max317.56
Reason for variationRs 4.67 for every Rs 1000 for a year.
Appears on Repayment Sched?Yes
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

Swahit - Individual Loan with Joint Liability samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-292012-10-272012-10-30
Loan Term (Months)25.0 months25.0 months25.0 months
Grace Period (Months)0.6 months0.5 months0.5 months
Total Cost of CreditINR 3,270.76INR 6,472.52INR 9,699.28
True Price by Comp     
Interest price component25.8%25.8%25.8%
Fee Component1.1%1.1%1.0%
Insurance Component0.9%0.9%1.0%
Tax Component0.2%0.2%0.1%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)28.0%28.0%27.9%
MFIN MFI Earning (Annualised)26.9%26.9%26.8%
MFIN Cost to Borrower (Annualised)28.0%28.0%27.9%
Transparency Index939393
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Swahit - Individual Loan with Joint Liability Price Graphs


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% Products with compulsory deposits
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