2. FINCA
Please note that the information you are viewing is 108 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FINCA Microfinance Bank Ltd 387-E, Johar TownLahore, Punjab
Data approved: 2013-05-29
Data version: 1
Age of data: -   months 
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Product

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Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 865,675,201
Portfolio (USD)USD 8,833,420.42
Active Clients with Loans20,347
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Term Loan with repayment model of monthly equal installment
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 servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherIf >100,000, condition of owned home or business premises
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 35,000
Maximum loan size150,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,00010%
PKR 50,000-75,00060%
PKR 75,000-150,00030%
Greater than PKR 150,00030%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 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 months80%
Between 13 and 18 months20%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 months
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 interest25.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesTime as Client, Loan 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
DescriptionDocument and Processing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min500
Fixed amount - max3,000
Reason for variationDepends on loan amount & if new or repeat client
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min1.35%
% of loan amount - max1.35%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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?No

Full Pricing Data

Kashf Kamyab Karobari Karza samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPKR 50,000PKR 50,000PKR 100,000PKR 100,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-212013-05-102013-05-102013-02-25
Loan Term (Months)12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)-0.1 months0.0 months0.0 months0.2 months
Total Cost of CreditPKR 16,860PKR 16,860PKR 32,880PKR 29,938
True Price by Comp       
Interest price component50.8%50.2%47.1%45.4%
Fee Component4.1%4.0%6.1%2.0%
Insurance Component3.0%2.9%2.9%2.8%
Tax Component0.7%0.7%1.0%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)58.6%57.8%57.1%50.5%
Transparency IndexN/AN/AN/AN/A
        
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Kashf Kamyab Karobari Karza Price Graphs


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  2. Suryoday
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

Suryoday Micro Finance Pvt Ltd 1101 Sharda TerracesPlot 65 Sector 11 CBD BelapurNavi Mumbai, Maharashtra400614
Data approved: 2013-01-22
Data version: 3
Age of data: 133 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.suryodaymf.com/
Year established2008
Head of InstitutionR Baskar Babu
Regions activeGujarat, Karnataka, Maharashtra, Orissa, Tamil Nadu
# Branches34

Total Portfolio (nat'l)INR 1,118,427,664
Total Portfolio (USD)USD 21,102,408.75
Active clients with loans139,423
Approximate % female clients100%
Approximate % urban clients80% - 100%
Network affiliations

Loan Products » Summary

IG02
71,053 Borrowers
USD 13,144,361.92 Portfolio
Active Product
IGF02
5,850 Borrowers
USD 985,881.32 Portfolio
Active Product
IM18
1,730 Borrowers
USD 583,060.68 Portfolio
Active Product
IG01
Retired Product
IGF01
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
IG02 INR 15,000 - 15,000 18 80% - 100% 80% - 100% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
IGF02 INR 15,000 - 15,000 16.5 80% - 100% 80% - 100% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
IM18 INR 18,000 - 18,000 24 80% - 100% 80% - 100% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
IG02 25.2% - 25.8% 26.5% - 27.1% 29% - 29.7% Yes Yes Yes 100
IGF02 25.8% - 26% 27.3% - 27.5% 30.1% - 30.3% Yes Yes Yes 100
IM18 26.3% - 26.8% 27.3% - 27.9% 29.5% - 30.2% Yes Yes Yes 100
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
IG02 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.5% - 27.1% 29% - 29.7% 88
IGF02 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.3% - 27.5% 30.1% - 30.3% 86
IM18 27.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 27.3% - 27.9% 29.5% - 30.2% 90
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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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