2. BSFL
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  2. Actuar Caldas
Please note that the information you are viewing is 161 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Bhartiya Samruddhi Finance Limited 3rd Floor, Surabhi Arcade,Troop Bazar, Bank Street, KotiHyderabad, Andhra PradeshPO Box 500 001
Data approved: 2013-01-25
Data version: 2
Age of data: 134 months
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Institution

Corporación Acción por Caldas Actuar Famiempresas Calle 20 No. 21-17Manizales, Caldas
Data approved: 2011-08-01
Data version: 1
Age of data: 161 months

Product

Samruddhi Crop Loan Product 2 of 3 « Prev | Next »

Product

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Product Summary

Number borrowers8,998
Loan Amount (range)INR 10,000 - 15,000
Loan Term (range)11
Other Services (text summary)Credit Ins
Annual Interest & Method24.0% annual, Decl Bal
Fees1.00% upfront
Insurance0.43% ongoing Y
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component22.9% - 23.8%
Fee Component0.7% - 1.9%
Insurance Component3.9% - 4.5%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)29.1% - 29.2%
Transparency Index (min/max)81 - 84
Transparency Index (average)82

Product Summary

3,702
COP 300,000 - 50,000,000
1 - 60
Credit Educ, Credit Ins, Tech Asst Visits, Business Training, ASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO, CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS
24.0%-28.8% annual, Decl Bal
3,000.00-5,000.00 ongoing
None
None
N/A
 
N/A
24.0% - 33.9% (Int+Fee)
0
0
24.0% - 33.9%
71 - 100
86

Product Details

Key Statistics
Outstanding portfolio (INR)INR 85,021,048
Portfolio (USD)USD 1,604,170.72
Active Clients with Loans8,998
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Crop Loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherAll farmers/tenant farmers engaged in field crop cultivation
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution17
# Regions for this product10
Regions ActiveAndhra Pradesh, ChhattisgarhJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, West Bengal

Product Details

Key Statistics
Outstanding portfolio (COP)COP 9,550,000,000
Portfolio (USD)USD 5,247,252.75
Active Clients with Loans3,702
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
CREDITOS AGILES Y OPORTUNOS PARA CAPITAL DE TRABAJO,ACTIVOS FIJOS Y OTRAS NECESIDADES DEL EMPRESARIO, CON LAS CUOTAS MAS BAJAS DEL MERCADO DE MICROCREDITO
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherVEHICULO, MOTO
Other (2)VIAJES FAMILIARES
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherASESORIAS PUNTUALES Y ESPECIALIZADAS PARA EL NEGOCIO
Other (2)CAPACITACION SOCIEMPORESARIAL, EN DESARROLLO PERSONAL Y EN ARTES Y OFICIOS
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherEL NEGOCIO PUEDE SER FORMAL O INFORMAL
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
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 term11.0 months
Longest loan term11.0 months
Approx average11.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
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
Monthly
Every 2 months
Quarterly
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 300,000
Maximum loan size50,000,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term60.0 months
Approx average18.0 months
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest24.00%
Highest quoted nominal interest24.00%
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
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionCredit PlusHealth Insurance
% of loan amount - min0.43%0
% of loan amount - max0.43%0
OR, Fixed amount - min0130
Fixed amount - max0130
Reason for variation4.26 per thousand per person per monthRs. 130 per person
Appears on Repayment Sched?YesYes
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

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.40%
Reason(s) why interest rate variesCollateral, BUEN MANEJO DE LOS CREDITOS ANTERIORES\r
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionCapacitacio - MENSUALMENTE SE COBRA EL VALOR DEL RECAUDO EN LOS PUNTOS DE PAGO
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max5,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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
A PARTIR DEL SEGUNDO CREDITO Y EVALUANDO EL COMPORTAMIENTO DE LOS ANTERIORES SE DA LA POSIBILIDAD DE OBTENER CREDITOS PARA ESTUDIO,MEJORAS DE VIVIENDA,ADQUISICION DE VIVIENDA Y OTRAS NECESIDADES DEL MICROEMPRESARIO Y SU FAMILIA , IGUALMENTE DE ACUERDO AL BUEN COMPORTAMIENTO EN LOS CREDITOS ANTERIORES,PARA NUEVOS CREDITOS SE REBAJA LA TASA DE INTERES. EN TODOS LOS CASOS EL VALOR APROBADO ES ENTREGADO, A NO SER QUE EL CLEINTE QUIERA QUE LAS FECHAS DE PAGO SEAN POSTERIORES A LA FECHA DEL DESEMBOLSO, CASO EN EL CUAL SE LE DESCUENTAN LOS INTRESES CORRESPONDIENTES A LOS DIAS DE CORRIMIENTO

Full Pricing Data

Samruddhi Crop Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-282013-02-132013-02-13
Loan Term (Months)9.0 months11.0 months11.0 months
Grace Period (Months)1.2 months3.7 months3.7 months
Total Cost of CreditINR 2,469.54INR 2,743.54INR 2,743.54
True Price by Comp     
Interest price component22.9%23.0%23.0%
Fee Component1.9%1.7%1.7%
Insurance Component4.2%4.2%4.2%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)29.2%29.1%29.1%
MFIN MFI Earning (Annualised)24.8%24.7%24.7%
MFIN Cost to Borrower (Annualised)29.2%29.1%29.1%
Transparency Index828282
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Credito Acompanado samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountCOP 1,500,000COP 3,500,000COP 7,000,000COP 16,000,000COP 40,000,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-05-062011-05-062011-05-022011-04-292011-04-27
Loan Term (Months)18.0 months24.0 months34.0 months60.0 months60.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component33.9%29.1%30.0%24.3%24.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.9%29.1%30.0%24.3%24.0%
Transparency Index71838099100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Samruddhi Crop Loan Price Graphs


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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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