Swadhaar FinServe Pvt. Ltd. - Swayog - Individual Business Loan - MFTransparency.org Truth In Lending Tables

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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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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 73,776,249
Portfolio (USD)	USD 1,392,004.70
Active Clients with Loans	5,072
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	100%

Methodology

Individual	x
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 generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area	x
Other	The client must be the owner of the business.
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Gujarat, Maharashtra

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 8,000
Maximum loan size	75,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	10%
INR 15,000-25,000	40%
INR 25,000-35,000	20%
INR 35,000-45,000	15%
Greater than INR 45,000	15%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	7.5 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	5%
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Product classified as non-qualifying asset.
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	37.36
Fixed amount - max	350.25
Reason for variation	Rs 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 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?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

Swayog - Individual Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	INR 10,000	INR 20,500	INR 35,000	INR 50,000	INR 62,500
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-15	2012-11-27	2012-11-17	2012-11-28	2012-11-29
Loan Term (Months)	12.0 months	13.0 months	12.0 months	12.0 months	8.0 months
Grace Period (Months)	0.1 months	0.7 months	-0.1 months	0.3 months	0.3 months
Total Cost of Credit	INR 1,986.42	INR 4,155.84	INR 6,827.97	INR 10,181.10	INR 9,364.39
True Price by Comp
Interest price component	29.9%	28.1%	29.8%	29.5%	29.7%
Fee Component	4.0%	3.4%	3.9%	3.8%	5.3%
Insurance Component	0.9%	0.9%	1.0%	0.9%	1.3%
Tax Component	0.5%	0.4%	0.5%	0.5%	0.7%
Deposit Component	0.0%	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 Index	85	91	85	86	81
MFIN Transparency Index	100	100	100	100	100

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

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

Swayog - Individual Business Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	132
AMPL	0	0	0	132
Arman	41,500	529,107,000	1	132
Arohan	43,500	8,091,000	2	132
ASA INDIA	164,000	15,380,000	1	132
Asirvad	113,500	19,328,000	1	132
Asmitha	1,114,800	217,867,000	1	132
Bandhan	4,048,600	674,564,000	5	132
Belstar	123,000	23,945,000	2	111
BSFL	275,200	31,590,000	3	132
Chaitanya	20,700	3,748,000	3	132
Disha Microfin	69,000	14,332,000	2	132
Equitas	1,220,000	186,415,000	4	132
ESAF	354,200	43,500,000	5	132
FFSL	150,600	35,719,000	2	132
Fusion	66,800	9,820,000	2	132
Grama Vidiyal	738,200	102,101,000	1	132
Grameen Koota	586,600	83,555,000	15	134
Janalakshmi	506,000	119,077,000	2	132
L & T Finance	399,800	37,199,000	1	132
MFL	331,800	49,083,000	1	132
MMFL	175,000	23,752,000	2	132
Mpower	13,600	2,263,000	2	132
Sahayata	0	0	0	132
Saija	24,700	4,682,000	2	132
Samasta	45,500	4,809,000	2	132
Satin	405,600	90,174,000	2	132
SCCI	115,600	15,910,000	2	132
Share	2,195,400	376,727,000	1	132
SKS	3,409,000	355,029,000	2	132
SMILE	360,200	56,927,000	1	132
SNFL	9,400	1,779,000	1	132
Sonata Finance	158,200	22,724,000	3	134
Spandana	533,400	147,240,000	2	132
Suryoday	78,600	14,713,000	3	132
SVCL	118,200	18,886,000	1	132
Swadhaar	92,800	17,166,000	3	132
Trident	68,700	8,852,000	1	132
Ujjivan	913,300	160,848,000	5	132
Utkarsh	168,600	25,915,000	3	132
VFS	175,400	19,264,000	2	132
Asomi	50,300	4,743,000	2	164
AES India	3,600	286,000	1	164
Arth	2,900	611,000	2	164
Asomi	50,300	4,743,000	2	164
Barasat GS	1,100	99,508.02	1	164
BJS	6,000	468,000	1	164
Cashpor	417,000	50,452,000	1	163
Credible	10,000	1,669,540.36	2	164
DIBAKAR	1,800	145,000	1	163
GOF	65,200	5,388,000	4	163
Hope	62,600	4,407,000	1	161
Jaago	2,700	237,000	1	162
LOK	4,900	573,000	1	163
Nano	25,600	3,660,000	2	164
NBSAAVS	28,100	2,821,000	1	161
Nirantara	8,200	917,000	2	163
Parama	7,100	482,000	1	163
Pragathi	26,200	4,579,000	6	163
PWMACS	36,500	5,946,000	1	163
Saadhana	90,900	12,046,000	2	163
Sambhav	1,500	183,000	3	163
Seba Rahara	6,700	468,000	1	163
SU	61,100	5,498,000	1	163
Swayanshree	7,900	918,000	2	163
Vikas Samiti	1,600	168,000	1	163
Vistaar	4,300	1,157,000	2	161
We The People	1,100	244,000	2	163
WEMCS	1,100	85,000	1	163
Yukti	1,100	99,000	2	163

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Swayog - Individual Business Loan samples

Swayog - Individual Business Loan Price Graphs

Total Borrowers of Samples

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