Please be aware that you are browsing outdated data. If you want to see the latest available data
click here.
Institution
Data approved: 2012-04-02
Data version: 1
Age of data: - months
Key Statistics
Outstanding portfolio (INR) | INR 1,575,282,154 |
Portfolio (USD) | USD 35,006,270 |
Active Clients with Loans | 237,399 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | Joint liability group of 5 members\r |
Description
Satin follows the Joint Liability Group (JLG) model of Microfinance for its IGL product. \r \r\r\r
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | Credit education in terms of training aimed at improving financial literacy |
Other (2) | Group meeting to develop joint liability and life insurance for spouse & client |
No other services | |
Eligibility
Men | |
Women | x |
Must run a business | x |
Must own a home or land | x |
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 3,000 |
Maximum loan size | 25,000 |
Loan Term and Grace Period
Shortest loan term | 15.0 months |
Longest loan term | 26.0 months |
Approx average | 0 |
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 | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | x |
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 | 12.00% |
Highest quoted nominal interest | 15.00% |
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
| Fee 1 |
---|
Description | Processing Fee |
% of loan amount - min | 1.10% |
% of loan amount - max | 1.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Loan Protection Charge |
% of loan amount - min | 1.50% |
% of loan amount - max | 2.33% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | Never |
Criteria | N/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 deposited | N/A |
or, Fixed-amount deposited | N/A |
Deposits DURING period payments
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Interest Paid on Deposit
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Insurance charge of 1.5% of loan amount for loans upto INR 15K. For loans over 15K, insurance charge is 2.33% of loan amount
Full Pricing Data
Income Generation Loan (Rural) samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
---|
Loan Amount | INR 5,000 | | INR 8,400 | | INR 10,000 | | INR 10,000 | | INR 10,000 | | INR 10,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-05-24 | | 2010-12-31 | | 2010-03-22 | | 2010-03-22 | | 2010-03-22 | | 2011-07-05 |
Loan Term (Months) | 15.9 months | | 14.0 months | | 12.1 months | | 12.1 months | | 12.1 months | | 15.9 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | | | | | |
Interest and Fee Component | 27.7% | | 30.5% | | 38.4% | | 38.4% | | 37.8% | | 27.7% |
Insurance Component | 2.5% | | 3.5% | | 4.4% | | 4.4% | | 4.4% | | 2.5% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 0.0% | | 6.7% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Full APR (int fee ins tax dep) | 30.1% | | 40.6% | | 42.8% | | 42.8% | | 42.2% | | 30.1% |
MFIN MFI Earning (Annualised) | 27.7% | | 30.5% | | 38.4% | | 38.4% | | 37.8% | | 27.7% |
MFIN Cost to Borrower (Annualised) | 30.1% | | 40.6% | | 42.8% | | 42.8% | | 42.2% | | 30.1% |
Transparency Index | 40 | | 30 | | 28 | | 28 | | 28 | | 40 |
MFIN Transparency Index | N/A | | N/A | | N/A | | N/A | | 100 | | N/A |
| | | | | | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
* The APR stated here is an MFTransparency term, definition and formula
Income Generation Loan (Rural) Price Graphs