Institution

Sahayata Microfinance Private Limited 303, 3rd floor, Mahaveer Complex,5 C Madhuban,Udaipur, Rajasthan313001
Data approved: 2013-02-01
Data version: 2
Age of data: 131 months

Institution

Sahayata Microfinance Private Limited 303, 3rd floor, Mahaveer Complex,5 C Madhuban,Udaipur, Rajasthan313001
Data approved: 2011-01-25
Data version: 1
Age of data: -   months 

Product

Sahayata Progressive Loan Product 2 of 3 « Prev | Next »

Product

Sahayata Progressive Loan Product 2 of 3 « Prev | Next »

Product Summary

215,270
INR 5,000 - 10,000
11.5
Credit Educ, Group Mtgs, Credit Ins
26.3% annual, Decl Bal
None
3.00% upfront
None
N/A
 
N/A
33.7% - 34.8% (Int+Fee)
1.1% - 2.2%
0
35.9%
73 - 80
73

This institution provided data on this product on 2011-01-25 and the product was no longer active when they submitted data on 2013-02-01.

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,255,841,774
Portfolio (USD)USD 23,695,127.81
Active Clients with Loans215,270
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Progressive Loan is given to women who has some enterprenur skills and ranges from Rs. 5000 to Rs. 10,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
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 landx
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)
# 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 5,000
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term11.5 months
Approx average11.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest26.30%
Highest quoted nominal interest26.30%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionFile Processing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationIncluding Insurance Charges Rs. 50
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?No

Full Pricing Data

Sahayata Progressive Loan 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 Date2010-07-102010-07-102010-07-092010-07-09
Loan Term (Months)11.7 months11.7 months11.7 months11.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component33.7%33.7%34.8%34.8%
Insurance Component2.2%2.2%1.1%1.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.9%35.9%35.9%35.9%
MFIN MFI Earning (Annualised)33.7%33.7%34.8%34.8%
MFIN Cost to Borrower (Annualised)35.9%35.9%35.9%35.9%
Transparency Index73737373
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Sahayata Progressive 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
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