Please note that the information you are viewing is
140 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: 2013-04-04
Data version: 3
Age of data: 140 months
This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months.
MFTransparency presents basic data rather than full data for low volume products
Key Statistics
| Outstanding portfolio (USD) | USD 4,174.08 |
| Portfolio (USD) | USD 4,174.08 |
| Active Clients with Loans | 10 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
Description
Education Loan is a type of social product which is to be provided as financial support to any individual student who is from poor family , have good academic performance and have strong commitment to attain higher education or technical skill.
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 20 |
| # Regions for this product | N/A |
| Regions Active | |
Please note that the information you are viewing is
172 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: 2010-11-15
Data version: 1
Age of data: 172 months
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2001 |
| Head of Institution | M.Ernest Paul |
| Regions active | |
| # Branches | 41 |
| Total Portfolio (nat'l) | INR 668,968,774 |
| Total Portfolio (USD) | USD 12,622,052.34 |
| Active clients with loans | 90,929 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | |
89,438 Borrowers
USD 11,528,500 Portfolio
Active Product
1,491 Borrowers
USD 518,326.42 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| General Loan |
|
INR 8,000 - 22,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
| Micro Enterprise Development Loan |
|
INR 25,000 - 50,000 |
|
12 |
|
80% - 100% |
|
80% - 100% |
|
Business |
|
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% |
|
26.2% - 27.7% |
|
28.3% - 32.2% |
|
|
|
|
|
|
|
N/A |
| Micro Enterprise Development Loan |
|
0% |
|
27.6% - 27.8% |
|
27.6% - 27.8% |
|
|
|
|
|
|
|
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 |
|
12.5% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
26.2% - 27.7% |
|
28.3% - 32.2% |
|
41 |
| Micro Enterprise Development Loan |
|
12.5% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
N/A |
|
27.6% - 27.8% |
|
27.6% - 27.8% |
|
45 |
