Please note that the information you are viewing is
163 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-10-25
Data version: 1
Age of data: 163 months
Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | http://www.swayanshree.org/ |
Year established | 2006 |
Head of Institution | Ms. Nayana Mohanty |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | INR 48,681,845 |
Total Portfolio (USD) | USD 918,525.38 |
Active clients with loans | 8,008 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | |
7,925 Borrowers
USD 917,824.68 Portfolio
Active Product
15 Borrowers
USD 331.81 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
General Loan |
|
INR 2,000 - 50,000 |
|
6 - 24 |
|
80% - 100% |
|
0% - 20% |
|
Any Purpose |
|
Women, Have business, Have home or land |
|
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training |
Asha Loan |
|
INR 3,000 - 6,000 |
|
6 - 18 |
|
80% - 100% |
|
80% - 100% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
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 |
General Loan |
|
0% |
|
20.6% - 21.8% |
|
31.1% - 32.8% |
|
|
|
|
|
|
|
N/A |
Asha Loan |
|
0% |
|
8.9% |
|
13.4% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
General Loan |
|
18.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
20.0% upfront |
|
20.6% - 21.8% |
|
31.1% - 32.8% |
|
57 |
Asha Loan |
|
0.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
None |
|
20.0% upfront 1.00% ongoing |
|
8.9% |
|
13.4% |
|
0 |
Please note that the information you are viewing is
150 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months
Key Statistics
Outstanding portfolio (ETB) | ETB 4,500,000 |
Portfolio (USD) | USD 244,565.22 |
Active Clients with Loans | 1,500 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
This is a loan for business purposes, delivered in groups. Collateral is needed and it is repaid monthly, with an interest rate of 22% and loan term of 12-24 months.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
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 | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | ETB |
Minimum loan size | ETB 1,000 |
Maximum loan size | 18,000 |
Loan Term and Grace Period
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | |
Pricing Information
Interest
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Service Charge |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | <1000 ETB=1%,<2000 birr=1.2%,<3000 ETB=1.3%, <4000ETB=1.4%, <5000 ETB=1.5%. Over 5000 ETB=0 |
Appears on Repayment Sched? | Yes |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 5.00% - 15.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 5.00% - 15.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Annually |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compulsory savings: <5000 ETB = 15%, <10,000 ETB Loan = 10%, >1 10,000 ETB Loan = 5%. Client deposits monthly the same amount, e.g 15% upfront plus 15% over the term of the loan in monthly installments. Interest savings is compounded semi-annually.
Full Pricing Data
Business Loan - Group samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 |
---|
Loan Amount | ETB 1,000 | | ETB 2,000 | | ETB 5,000 | | ETB 5,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known |
Disbursement Date | 2010-06-22 | | 2010-06-22 | | 2011-07-01 | | 2010-06-21 |
Loan Term (Months) | 6.1 months | | 6.1 months | | 3.0 months | | 12.1 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | | | |
Interest and Fee Component | 45.6% | | 45.6% | | 35.7% | | 41.4% |
Insurance Component | 4.2% | | 4.2% | | 5.4% | | 2.2% |
Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 6.3% | | 6.3% | | 2.1% | | 5.6% |
Full APR (int fee ins tax dep) | 56.0% | | 56.0% | | 43.2% | | 49.2% |
Transparency Index | 36 | | 36 | | 46 | | 41 |
| | | | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF |
Business Loan - Group Price Graphs