Please note that the information you are viewing is
164 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-11-08
Data version: 1
Age of data: 164 months
Key Statistics
Outstanding portfolio (USD) | USD 1,214,168.88 |
Portfolio (USD) | USD 1,214,168.88 |
Active Clients with Loans | 924 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Es producto esta dirigido a microempresarios sean del area rural o urbanos que se dedican a actividades microempresariales en pequena escala en actividades especificas de comercio y servicios.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Tener calificacion hasta B en central de riesgos o buro de credito |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 15,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 49.0 months |
Approx average | 19.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
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 | 20.05% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
---|
Description | Seguro de Desgravamen | | Seguro de Vida y Seguro de Accidentes Personales (prima anual) |
% of loan amount - min | 4.00% | | 0 |
% of loan amount - max | 4.00% | | 0 |
OR, Fixed amount - min | 0 | | 12 |
Fixed amount - max | 0 | | 12 |
Reason for variation | | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing 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 | 6.70% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 5 |
Conditions on access to deposit | Access During |
Interest Paid on Deposit
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Monthly |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Ahorros contínuous: este valor está a disposición del socio, lo que nosotros pretendemos poniéndolo en la tabla de amortización es generar en el socio un hábito de ahorro, pero si el socio no ahorra no tiene ninguna incidencia en el crédito.
Full Pricing Data
Microempresarial samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
---|
Loan Amount | USD 400 | | USD 1,000 | | USD 2,000 | | USD 3,000 | | USD 10,010 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2010-05-06 | | 2010-05-26 | | 2010-04-13 | | 2010-05-14 | | 2010-05-04 |
Loan Term (Months) | 6.0 months | | 12.0 months | | 19.0 months | | 25.0 months | | 49.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | | | |
Interest and Fee Component | 25.3% | | 25.5% | | 26.9% | | 25.5% | | 18.8% |
Insurance Component | 11.0% | | 2.1% | | 0.8% | | 0.4% | | 0.1% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 4.9% | | 3.1% | | 3.1% | | 2.8% | | 1.9% |
Full APR (int fee ins tax dep) | 41.2% | | 30.7% | | 30.8% | | 28.7% | | 20.7% |
Transparency Index | 49 | | 65 | | 65 | | 70 | | 97 |
| | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Microempresarial Price Graphs
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
Data approved: 2011-11-16
Data version: 2
Age of data: - months
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | http://www.suryodaymf.com/ |
Year established | 2008 |
Head of Institution | R BASKAR BABU |
Regions active | 0 |
# Branches | 28 |
Total Portfolio (nat'l) | INR 740,000,000 |
Total Portfolio (USD) | USD 16,444,444.44 |
Active clients with loans | 82,000 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | |
21,949 Borrowers
USD 4,744,236 Portfolio
Active Product
20,120 Borrowers
USD 6,072,318 Portfolio
Active Product
6,602 Borrowers
USD 1,422,664 Portfolio
Active Product
2,043 Borrowers
USD 626,765 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
IG01 |
|
INR 11,000 - 11,000 |
|
18 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins, Business Training |
IG02 |
|
INR 15,000 - 15,000 |
|
18 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
IGF01 |
|
INR 11,000 - 11,000 |
|
16.5 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
IGF02 |
|
INR 15,000 - 15,000 |
|
16.5 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other 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 |
IG01 |
|
0% |
|
0% |
|
0% |
|
|
|
|
|
|
|
N/A |
IG02 |
|
0% |
|
0% |
|
0% |
|
|
|
|
|
|
|
N/A |
IGF01 |
|
0% |
|
0% |
|
0% |
|
|
|
|
|
|
|
N/A |
IGF02 |
|
0% |
|
0% |
|
0% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
IG01 |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
N/A |
|
0% |
|
0% |
|
N/A |
IG02 |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
N/A |
|
0% |
|
0% |
|
N/A |
IGF01 |
|
26.0% annual, Decl Bal |
|
0 Fees |
|
1 Ins |
|
None |
|
N/A |
|
0% |
|
0% |
|
N/A |
IGF02 |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
0 Ins |
|
None |
|
N/A |
|
0% |
|
0% |
|
N/A |