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Institution
Data approved: 2011-04-11
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (INR) | INR 12,748,021,291 |
Portfolio (USD) | USD 283,289,362 |
Active Clients with Loans | 2,149,006 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Individual lending through group based approach. |
Description
It's a core product that offers small loans in the range of Rs. 1,000 - 25,000 for income generating activities. Loans are disbursed individually and directly to the clients (100% women clients) through group.ROI is 10% flat.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | ONLY used for Income generating activities |
Other (2) | |
Included Services
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | x |
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 | |
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 | INR |
Minimum loan size | INR 1,000 |
Maximum loan size | 25,000 |
Loan Term and Grace Period
Shortest loan term | 10.2 months |
Longest loan term | 12.0 months |
Approx average | 11.1 months |
Distribution at Disbursement (Est.)
Loans 3 months or less | N/A |
Between 4 and 6 months | N/A |
Between 7 and 9 months | N/A |
Between 10 and 12 months | N/A |
Between 13 and 18 months | N/A |
Longer than 18 months | N/A |
Grace Period
Grace period usage | 100% |
Average grace period | 2.0 months |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 10.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | N/A |
Is rate fixed for entire loan term | Yes |
Upfront Fees
This product has no upfront feesOngoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Client Mentoring Cost (insurance (0.5%), training, administrative services) |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% - N/A |
or, Fixed-amount deposited | 0 - N/A |
Deposits DURING period payments
% loan amount deposited | 0 - N/A |
or, Fixed-amount deposited | 0 - N/A |
Conditions on access to deposit | Final Pmt |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
The first loan is between Rs. 1, - 1, (rural areas) and Rs. 1, - 12, (urban areas) .The subsequent loan is Rs. 1-5 more than the previous loan. No penalty in case of default. No prepayment charges.
Full Pricing Data
Suchana Loan (Micro Loan) Type 1 samples
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Suchana Loan (Micro Loan) Type 1 Price Graphs
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