Institution # Borrowers Portfolio (US$) Products Age of Data
Action000135
Adok Timo4,200570,0004167
BIMAS11,1004,679,0007135
ECLOF Kenya20,5005,455,0008135
Equity Bank135,50094,746,0009135
Family Bank43,20090,700,0005167
Jamii Bora2,4003,374,0004135
Juhudi Kilimo10,4004,436,0002135
KADET12,9005,402,0004135
K-Rep000135
K-Rep Bank65,00028,743,0004167
KWFT DTM294,600165,982,0006135
LKL13,1009,311,00010127
MKL18,2005,989,0006112
Opportunity Kenya9,1004,866,0005135
PAWDEP40,9007,133,0002135
RAFODE2,900356,0001135
SISDO7,3003,657,00011135
Yehu14,0003,149,00011135
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 SocietyAnand Nagar, Guru Narayan Road, Santacruz (E)Mumbai, Maharashtra400001
Data approved: 2010-11-02
Data version: 1
Age of data: -   months 

Product

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

Product Details

Key Statistics
Outstanding portfolio (INR)INR 50,777,933
Portfolio (USD)USD 1,128,399
Active Clients with Loans3,806
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Swayog is an un-collateralized Individual Loan Product for micro-entreprenuers to finance their working capital and other business needs. The loans are given to both men and women.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherThe client must be the owner of the business.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 8,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average0
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee: First cycle at 3.3% and subsequent cycles at 2.2% of the loan amount (including service tax)
% of loan amount - min2.20%
% of loan amount - max3.30%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fees and Collection Fee of Rs. 11/installment (Min. of 33 and Max. of 132)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min143
Fixed amount - max452
Reason for variation
Appears on Repayment Sched?No
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
Additional Comments
FEES: At the time of disbursement we charge:\rCollection fee: Rs. 11 per installment (including service tax)\rInsurance Fee: Minimum of 11 and Maximum of 32 (including service tax)\rProcessing Fee: First cycle at 3.3% and subsequent cycles at 2.2% of the loan amount (including service tax) \r\rINSTALLMENT SCHEDULE: Collection Fees, Processing Fees and Insurance fees are not included in the Repayment schedule as it is system generated. Details for these fees are included in the receipts and the loan contract given to the client at the time of disbursement.

Full Pricing Data

Swayog - Individual Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 10,000INR 20,000INR 30,000INR 40,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2010-05-122010-06-162010-06-162010-06-18
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component43.2%44.2%41.4%40.9%
Insurance Component3.4%2.3%1.9%1.1%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)46.6%46.4%43.3%42.1%
MFIN MFI Earning (Annualised)43.2%44.2%41.4%40.9%
MFIN Cost to Borrower (Annualised)46.6%46.4%43.3%42.1%
Transparency Index77788386
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Swayog - Individual Business Loan Price Graphs


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% Products with compulsory deposits
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