2. Saija
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

Saija Finance Pvt. Ltd. Uma Complex, Fraser Road3rd FloorPatna, BIHAR800001
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Product

Saija Karobar Rin - Business JLG Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 15,252,306
Portfolio (USD)USD 338,940
Active Clients with Loans2,315
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
There are no group meetings associated with this product and there is door step collection from the group leader. This product is collected on an every other day basis or alternte days.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
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 businessx
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)
# 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 size20,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term7.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weekly
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 interest18.00%
Highest quoted nominal interest18.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionUpfront processing
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min108
Fixed amount - max108
Reason for variation
Appears on Repayment Sched?No
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
This product is actually an alternate day repayment but we are going to assume repayments are on a daily basis. Also, in order to avoid the collection of coins the installment amounts are rounded off.

Full Pricing Data

Saija Karobar Rin - Business JLG samples
Sample 1Sample 2
Loan AmountINR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2012-09-252012-12-27
Loan Term (Months)2.4 months2.4 months
Grace Period (Months)3.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component52.7%46.8%
Insurance Component5.6%2.5%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)58.3%49.3%
MFIN MFI Earning (Annualised)52.7%46.8%
MFIN Cost to Borrower (Annualised)58.3%49.3%
Transparency Index3137
MFIN Transparency IndexN/AN/A
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Saija Karobar Rin - Business JLG Price Graphs


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  2. ASA INDIA
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

ASA International India Microfinance Pvt Ltd GC-8 , Sector-III, Salt Lake CityKolkata, West Bengal700106
Data approved: 2013-01-10
Data version: 2
Age of data: 133 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.asaindia.in
Year established2008
Head of InstitutionMd Tajul Islam
Regions activeAssam, Bihar, Tripura, West Bengal
# Branches162

Total Portfolio (nat'l)INR 815,142,477
Total Portfolio (USD)USD 15,380,046.74
Active clients with loans164,004
Approximate % female clients100%
Approximate % urban clients0% - 20%
Network affiliations

Loan Products » Summary

1st/2nd Loan
164,004 Borrowers
USD 15,380,046.74 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Primary cum Secondary Loan INR 5,000 - 15,000 12 - 24 100% 0% - 20% Business, Agriculture Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins

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
Primary cum Secondary Loan 25.9% 27.9% 29.1% Yes Yes Yes 98
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Primary cum Secondary Loan 25.3%-26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.9% 29.1% 87
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Key Statistics
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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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