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Swadhaar FinServe Pvt. Ltd. 5/39 Shree Om Co-operative Housing SocietyGuru Narayan Road, Santacruz (E)Mumbai, MaharashtraPO Box 400001
Data approved: 2013-01-22
Data version: 3
Age of data: 135 months


Swayog - Individual Business Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 73,776,249
Portfolio (USD)USD 1,392,004.70
Active Clients with Loans5,072
Approximate % Female Clients0% - 20%
Approximate % Urban Clients100%
Solidarity group
Village banking
Self help group
Swayog is a collateral free loan offered to micro entreprenuers to finance working capital and other business needs.
Loan Purpose
Any purpose
Income generationx
Consumer loan
Other household finance
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other (2)
No other services
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban areax
OtherThe client must be the owner of the business.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGujarat, Maharashtra

Loan Conditions

Loan Amount
Minimum loan sizeINR 8,000
Maximum loan size75,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,00010%
INR 15,000-25,00040%
INR 25,000-35,00020%
INR 35,000-45,00015%
Greater than INR 45,00015%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average7.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months5%
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Every 2 weeks
Every 4 weeks
Every 2 months
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
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 - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationProduct classified as non-qualifying asset.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min37.36
Fixed amount - max350.25
Reason for variationRs 4.67 for every Rs 1000 for a year.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
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
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

Swayog - Individual Business Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountINR 10,000INR 20,500INR 35,000INR 50,000INR 62,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-152012-11-272012-11-172012-11-282012-11-29
Loan Term (Months)12.0 months13.0 months12.0 months12.0 months8.0 months
Grace Period (Months)0.1 months0.7 months-0.1 months0.3 months0.3 months
Total Cost of CreditINR 1,986.42INR 4,155.84INR 6,827.97INR 10,181.10INR 9,364.39
True Price by Comp         
Interest price component29.9%28.1%29.8%29.5%29.7%
Fee Component4.0%3.4%3.9%3.8%5.3%
Insurance Component0.9%0.9%1.0%0.9%1.3%
Tax Component0.5%0.4%0.5%0.5%0.7%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)35.3%32.8%35.2%34.7%37.0%
MFIN MFI Earning (Annualised)33.9%31.5%33.7%33.3%35.0%
MFIN Cost to Borrower (Annualised)35.3%32.8%35.2%34.7%37.0%
Transparency Index8591858681
MFIN Transparency Index100100100100100
Original Repayment SchedulePDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Swayog - Individual Business Loan Price Graphs

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Key Statistics
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# 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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