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Arohan Financial Services Ltd. 195/1, Prafulla, Rajdanga Chakraborty Para,Kasba,Kolkata, West BengalPO Box 700107
Data approved: 2012-11-22
Data version: 2
Age of data: 133 months
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Product Details

Key Statistics
Outstanding portfolio (INR)INR 377,601,000
Portfolio (USD)USD 7,124,547.17
Active Clients with Loans37,941
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Solidarity groupx
Village banking
Self help group
Saral Monthly loan is provided to economically active women residing in slums or low income areas and involved in trade and service activities. The loan ranges between Rs. 5000 to Rs. 15000.
Loan Purpose
Any purposex
Income generation
Consumer loan
Other household finance
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other (2)
No other services
Must run a business
Must own a home or land
Must be a salaried worker
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
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveAssam, Bihar, West Bengal

Loan Conditions

Loan Amount
Minimum loan sizeINR 5,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term15.0 months
Approx averageDK
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 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Every 2 weeks
Every 4 weeks
Every 2 months
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Lowest quoted nominal interest28.40%
Highest quoted nominal interest28.40%
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?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min0.73%
% of loan amount - max0.74%
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 forNever
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
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
Arohan displays Annual Percent Rates in the passbook. APR as mentioned for the product is 29.8%

Full Pricing Data

Saral Monthly samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 5,000INR 10,000INR 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-272012-10-062012-10-282012-10-27
Loan Term (Months)15.0 months15.0 months16.0 months15.0 months
Grace Period (Months)-0.7 months0.0 months0.4 months-0.7 months
Total Cost of CreditINR 1,092.68INR 997.19INR 2,185.36INR 1,985.36
True Price by Comp       
Interest price component31.1%26.0%26.8%28.5%
Fee Component1.8%1.6%1.6%1.7%
Insurance Component1.3%1.2%1.1%1.4%
Tax Component0.2%0.3%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)34.4%29.1%29.7%31.8%
MFIN MFI Earning (Annualised)32.9%27.6%28.4%30.2%
MFIN Cost to Borrower (Annualised)34.4%29.1%29.7%31.8%
Transparency Index83989689
MFIN Transparency Index91100100100
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Saral Monthly Price Graphs

Caps / Zoom options
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
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

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