2. Swadhaar
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. Union RB
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

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: 132 months
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Institution

Union Rural Bank Limited Head OfficeSenya Bereku, Central RegionP.O. Box 5
Data approved: 2013-02-26
Data version: 2
Age of data: 133 months
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  • No previous version for this product.

Product

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

Product

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Product Summary

Number borrowers5,072
Loan Amount (range)INR 8,000 - 75,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins
Annual Interest & Method30.0% annual, Decl Bal
Fees2.00%-3.00% upfront
Insurance37.36-350.25 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component25.8% - 29.9%
Fee Component1.0% - 5.3%
Insurance Component0.8% - 1.3%
Tax Component Range0.1% - 0.7%
Full APR (int fee ins tax dep)32.8% - 37.0%
Transparency Index (min/max)81 - 93
Transparency Index (average)85

Product Summary

1,889
GHS 200 - 25,000
1 - 12
Credit Educ, Business Training
32.00% annual, Flat
2 fees
None
None
N/A
 
51.3% - 85.2%
6.0% - 24.9%
0
0
57.3% - 73.4%
37 - 56
47

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%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Swayog is a collateral free loan offered to micro entreprenuers to finance working capital and other business needs.
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 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

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,501,946.67
Portfolio (USD)USD 1,777,637.90
Active Clients with Loans1,889
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed for salaried individuals.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business trainingx
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Central Region

Loan Conditions

Loan Amount
CurrencyINR
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
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,50010%
GHS 7,500-10,00010%
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months100%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
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 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
DescriptionInsurance
% 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
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 interest32.00%
Highest quoted nominal interest32.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Form FeeCommitment Fee
% of loan amount - min05.00%
% of loan amount - max05.00%
OR, Fixed amount - min50
Fixed amount - max50
Reason for variationN/AN/A
Appears on Repayment Sched?NoYes
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

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
MFT Pricing CalculationPDFPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-042013-02-072012-12-17
Loan Term (Months)12.0 months12.0 months24.0 months
Grace Period (Months)-0.5 months-0.6 months0.1 months
Total Cost of CreditGHS 116GHS 560GHS 2,075
True Price by Comp     
Interest price component58.0%59.5%51.3%
Fee Component15.4%12.6%6.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)73.4%72.1%57.3%
Transparency Index444456
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Swayog - Individual Business 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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