2. Spandana
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. IDEPRO
Please note that the information you are viewing is 123 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Spandana Sphoorty Financial Limited Plot No 79, Care Crystal,Vinayak Nagar, GachibowliHyderabad, Andhra Pradesh500032
Data approved: 2013-05-02
Data version: 3
Age of data: 132 months
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Institution

IDEPRO DESARROLLO EMPRESARIAL Calle Campos No 132, esquina Av. AcreLa Paz, La Paz14236
Data approved: 2013-10-04
Data version: 2
Age of data: 123 months
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Product

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Product Summary

Number borrowers178,199
Loan Amount (range)INR 4,000 - 30,000
Loan Term (range)0.6 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Other Training, Group Solidarity Training
Annual Interest & Method24.5%-26.1% annual, Decl Bal
Fees0.98% upfront
Insurance0.50%-1.50% upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.8% - 26.1%
Fee Component2.0% - 4.1%
Insurance Component2.1% - 2.2%
Tax Component Range0.3% - 0.5%
Full APR (int fee ins tax dep)30.7% - 31.5%
Transparency Index (min/max)78 - 85
Transparency Index (average)79

Product Summary

8,500
BOB 350 - 140,000
1 - 72
Credit Ins
12.0%-33.0% annual, Decl Bal
None
0.06%-3.96% ongoing
None
N/A
 
17.7% - 30.0%
0
0.6% - 1.3%
0
19.2% - 31.1%
48 - 705
100

Product Details

Key Statistics
Outstanding portfolio (INR)INR 2,318,250,963
Portfolio (USD)USD 43,740,584.21
Active Clients with Loans178,199
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Abhilasha (Aspiration) loan is designed for low-income clients who are economically active and have an aspiration to improve their economic well-being. The loan is offered for women in a group with weekly repayments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other trainingx
OtherGroup Solidarity Training
Other (2)
No other services
Eligibility
Men
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 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
OtherEconomically active.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveChhattisgarh, Goa, GujaratJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Uttar Pradesh

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 194,653,388
Portfolio (USD)USD 28,837,538.96
Active Clients with Loans8,500
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos otorgados a una persona natural o jurídica o grupo de prestatarios para financiar actividades de producción, comercialización y servicios, cuya fuente principal de pago son las ventas e ingresos generados; y clasificado como mype.
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 businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product8
Regions ActiveBeni , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 4,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00080%
INR 15,000-25,00020%
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term0.6 months
Longest loan term24.0 months
Approx average11.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months20%
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

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 350
Maximum loan size140,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00030%
BOB 10,000-40,00020%
BOB 40,000-70,00015%
BOB 70,000-100,00010%
BOB 100,000-125,00020%
Greater than BOB 125,00020%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term72.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months5%
Between 13 and 18 months5%
Longer than 18 months80%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
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 interest24.54%
Highest quoted nominal interest26.10%
Reason(s) why interest rate variesLoan Size
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 - min0.98%
% of loan amount - max0.98%
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
Ins 1
DescriptionInsurance Premium
% of loan amount - min0.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation0.5% for < 1 year loan & 1.5% for > 1year loan.
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?Yes
Percentage of fees12.4%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest12.00%
Highest quoted nominal interest33.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
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
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

Full Pricing Data

Abhilasha samples
Sample 1Sample 2Sample 3
Loan AmountINR 4,000INR 14,000INR 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-212013-03-052013-03-05
Loan Term (Months)5.8 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditINR 314INR 2,154INR 1,536
True Price by Comp     
Interest price component24.8%26.1%26.1%
Fee Component4.1%2.1%2.1%
Insurance Component2.1%2.2%2.2%
Tax Component0.5%0.3%0.3%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.5%30.7%30.7%
MFIN MFI Earning (Annualised)28.9%28.2%28.2%
MFIN Cost to Borrower (Annualised)31.5%30.7%30.7%
Transparency Index788080
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Promicro samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountBOB 2,000BOB 7,000BOB 35,000BOB 41,160BOB 91,000BOB 137,200
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2014-02-192013-12-042013-11-252013-12-272014-01-302013-11-29
Loan Term (Months)2.6 months8.0 months12.0 months37.0 months61.0 months61.0 months
Grace Period (Months)-0.5 months0.3 months0.3 months0.5 months0.3 months0.4 months
Total Cost of CreditBOB 52.56BOB 894.77BOB 5,208.97BOB 13,460.79BOB 61,518.34BOB 69,022.97
True Price by Comp           
Interest price component19.1%30.0%24.1%19.1%21.1%18.1%
Fee Component0.0%0.0%0.0%0.0%0.0%0.0%
Insurance Component1.3%1.1%1.2%1.2%1.0%1.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.4%31.1%25.3%20.3%22.1%19.2%
Transparency Index10010048595462
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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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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