2. Fortaleza
Please note that the information you are viewing is 124 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  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

Banco Fortaleza Sociedad Anónima Av. Arce No, 2799 esq. CorderoLa Paz, Bolivia
Data approved: 2013-09-23
Data version: 2
Age of data: 124 months
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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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Product

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Product

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Product Summary

Number borrowers2,546
Loan Amount (range)BOB 16,000 - 600,000
Loan Term (range)1 - 152
Other Services (text summary)Credit Ins
Annual Interest & Method17.0%-27.5% annual, Decl Bal
FeesNone
Insurance1.40%-1.46% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component12.1% - 27.6%
Fee Component0
Insurance Component0.2% - 2.1%
Tax Component Range0
Full APR (int fee ins tax dep)18.0% - 28.4%
Transparency Index (min/max)8 - 1062
Transparency Index (average)100

Product Summary

5,850
INR 15,000 - 15,000
16.5
Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
26.0% annual, Decl Bal
1.00% upfront
260.00 upfront
12.36% fees
N/A
 
25.2% - 26.8%
1.0% - 1.5%
1.9% - 2.6%
0.1% - 0.2%
30.1% - 30.3%
86 - 91
86

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 97,492,666
Portfolio (USD)USD 14,443,357.93
Active Clients with Loans2,546
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es un prestamo de libre disponibilidad
Loan Purpose
Any purposex
Income generation
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 business
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 institution6
# Regions for this product6
Regions ActiveChuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija

Product Details

Key Statistics
Outstanding portfolio (INR)INR 52,251,710
Portfolio (USD)USD 985,881.32
Active Clients with Loans5,850
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Income Generation Loan - Fortnightly 15K
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INRx
Household income <120,000 INRx
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product1
Regions ActiveTamil Nadu

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 16,000
Maximum loan size600,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,0000
BOB 10,000-40,00030%
BOB 40,000-70,00050%
BOB 70,000-100,0005%
BOB 100,000-125,0005%
Greater than BOB 125,0005%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term152.0 months
Approx average52.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
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

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 15,000
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,000100%
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term16.5 months
Longest loan term16.5 months
Approx average16.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.42%
Highest quoted nominal interest2.29%
Reason(s) why interest rate variesCollateral
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamen
% of loan amount - min1.40%
% of loan amount - max1.46%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationLa comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente.
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
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 - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min260
Fixed amount - max260
Reason for variationInsurance of Rs. 20000 each to member & guarantor for 18 months
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

Full Pricing Data

Crédito de Consumo samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountBOB 21,000BOB 30,000BOB 42,000BOB 43,000BOB 55,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-09-182013-09-182014-01-082014-01-082014-01-08
Loan Term (Months)36.0 months36.0 months36.0 months36.0 months36.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditBOB 6,626.53BOB 14,820.68BOB 12,495.25BOB 16,734.28BOB 26,637.62
True Price by Comp         
Interest price component18.1%27.6%17.1%22.1%27.1%
Fee Component0.0%0.0%0.0%0.0%0.0%
Insurance Component0.9%0.8%0.9%0.8%0.8%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)19.0%28.4%18.0%22.9%27.9%
Transparency Index100100100100100
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

IGF02 samples
Sample 1Sample 2Sample 3
Loan AmountINR 15,000INR 15,000INR 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-302013-01-022013-02-05
Loan Term (Months)17.0 months17.0 months17.0 months
Grace Period (Months)0.1 months0.0 months0.0 months
Total Cost of CreditINR 3,353.54INR 3,353.54INR 3,353.54
True Price by Comp     
Interest price component25.8%26.0%26.0%
Fee Component1.5%1.5%1.5%
Insurance Component2.6%2.6%2.6%
Tax Component0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.1%30.3%30.3%
MFIN MFI Earning (Annualised)27.3%27.5%27.5%
MFIN Cost to Borrower (Annualised)30.1%30.3%30.3%
Transparency Index868686
MFIN Transparency Index100100100
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
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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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