Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2002 |
Head of Institution | Ms Wegayehu Asrat |
Regions active | |
# Branches | 5 |
Total Portfolio (nat'l) | ETB 11,960,952 |
Total Portfolio (USD) | USD 650,051.74 |
Active clients with loans | 10,541 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | AEMFI, MAIN |
Funders | CRS, ICCO Terafina |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.ffslmfi.com/ |
Year established | 2007 |
Head of Institution | G. Dashrath Reddy |
Regions active | 0 |
# Branches | 83 |
Total Portfolio (nat'l) | INR 2,410,743,660 |
Total Portfolio (USD) | USD 53,572,081.33 |
Active clients with loans | 270,185 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Endeg Loan (let us grow together) | ETB 1,300 - 6,500 | 3 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
Eshet Loan (A seed in the process of being ripe) | ETB 1,500 - 6,600 | 3 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs | |||||||
Hibret Loan (Union) | ETB 1,200 - 7,200 | 3 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men | Credit Educ, Group Mtgs | |||||||
Qirs Loan (Property) | ETB 1,500 - 7,000 | 12 | 20% - 40% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs | |||||||
Siket Loan (Success) | ETB 2,500 - 11,000 | 3 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Daily Loan | INR 6,000 - 20,000 | 3.3 - 4.6 | 0% - 20% | 80% - 100% | Business | Women, Men, Must be the family member of weekly borrower, Age between 18 to 55 Years | Credit Educ, Group Mtgs, Credit Ins | |||||||
Midterm Loan | INR 8,000 - 8,000 | 10 | 80% - 100% | 80% - 100% | Business | Women, Must be a weekly Loan borrower, age between 18 to 55 years | Credit Educ, Group Mtgs, Credit Ins | |||||||
Monthly Loan | INR 12,000 - 18,000 | 15 | 80% - 100% | 20% - 40% | Business | Women, Must be Married, Age between 18 to 55 years | Credit Educ, Group Mtgs, Credit Ins | |||||||
Weekly Loan | INR 12,000 - 18,000 | 11.5 | 80% - 100% | 80% - 100% | Business | Women, Must be Married, Age between 18 to 58 years | Credit Educ, Group Mtgs, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Endeg Loan (let us grow together) | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 37.9% - 38.8% | 45.4% - 47.8% | 38 | ||||||||
Eshet Loan (A seed in the process of being ripe) | 19.2% annual, Flat | 0 Fees | 0 Ins | None | 8.0% upfront 10.00% ongoing | 18.1% - 21.2% | 19.1% - 22.6% | 96 | ||||||||
Hibret Loan (Union) | 18.0% annual, Flat | 0 Fees | 0 Ins | None | 8.0% upfront 10.00% ongoing | 31.6% - 32% | 36.8% - 37.4% | 48 | ||||||||
Qirs Loan (Property) | 14.4% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 30.8% - 31.8% | 36.5% - 37.8% | 38 | ||||||||
Siket Loan (Success) | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 8.0% upfront 10.00% ongoing | 40% - 45.3% | 48.2% - 55.6% | 35 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Daily Loan | 0% | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||||
Midterm Loan | 0% | 24.5% | 30.2% | N/A | ||||||||||
Monthly Loan | 0% | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||||
Weekly Loan | 0% | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Daily Loan | 12.8% annual, Flat | 1 Fee | 0 Ins | None | 500.00 upfront | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||
Midterm Loan | 12.0% annual, Flat | 1 Fee | 0 Ins | None | 500.00 upfront | 24.5% | 30.2% | N/A | ||||||||
Monthly Loan | 21.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 1,000.00 upfront | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||
Weekly Loan | 12.5% annual, Flat | 0 Fees | 0 Ins | None | 1,000.00 upfront | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Endeg Loan (let us grow together) | 18.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 8.0% upfront 10.00% ongoing | 37.9% - 38.8% | 45.4% - 47.8% | 38 | ||||||||
Eshet Loan (A seed in the process of being ripe) | 19.2% annual, Flat | 0 Fees | 0 Ins Ins | None | 8.0% upfront 10.00% ongoing | 18.1% - 21.2% | 19.1% - 22.6% | 96 | ||||||||
Hibret Loan (Union) | 18.0% annual, Flat | 0 Fees | 0 Ins Ins | None | 8.0% upfront 10.00% ongoing | 31.6% - 32% | 36.8% - 37.4% | 48 | ||||||||
Qirs Loan (Property) | 14.4% annual, Flat | 1 Fee | 0 Ins Ins | None | 8.0% upfront 10.00% ongoing | 30.8% - 31.8% | 36.5% - 37.8% | 38 | ||||||||
Siket Loan (Success) | 18.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 8.0% upfront 10.00% ongoing | 40% - 45.3% | 48.2% - 55.6% | 35 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Daily Loan | 0% | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||||
Midterm Loan | 0% | 24.5% | 30.2% | N/A | ||||||||||
Monthly Loan | 0% | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||||
Weekly Loan | 0% | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Daily Loan | 12.8% annual, Flat | 1 Fee | 0 Ins Ins | None | 500.00 upfront | 43% - 43.9% | 53% - 57.1% | N/A | ||||||||
Midterm Loan | 12.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 500.00 upfront | 24.5% | 30.2% | N/A | ||||||||
Monthly Loan | 21.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 1,000.00 upfront | 24.5% - 28.7% | 29.9% - 31.4% | N/A | ||||||||
Weekly Loan | 12.5% annual, Flat | 0 Fees | 0 Ins Ins | None | 1,000.00 upfront | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
Key Statistics | |
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# Products | |
# Institutions | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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