Please note that the information you are viewing is
169 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: 169 months
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.asomi.co.in/ |
Year established | 2008 |
Head of Institution | Subhrajyoti Bharali |
Regions active | |
# Branches | 50 |
Total Portfolio (nat'l) | INR 251,500,000 |
Total Portfolio (USD) | USD 4,745,283.02 |
Active clients with loans | 50,326 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | |
1,301 Borrowers
USD 241,509.43 Portfolio
Active Product
49,025 Borrowers
USD 4,501,886.79 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Entrepreneurship Development Loan |
|
INR 25,000 - 50,000 |
|
10 - 12 |
|
0% - 20% |
|
0% - 20% |
|
Business |
|
Women, Men, Have business |
|
Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
SHG Loan |
|
INR 5,000 - 25,000 |
|
12 |
|
60% - 80% |
|
0% - 20% |
|
Business |
|
Women |
|
Group Mtgs, Tech Asst Visits, Business 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 |
Entrepreneurship Development Loan |
|
0% |
|
33% |
|
45.6% |
|
|
|
|
|
|
|
N/A |
SHG Loan |
|
0% |
|
28.8% - 29.2% |
|
39.4% - 40.7% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Entrepreneurship Development Loan |
|
16.0% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
15.0% upfront |
|
33% |
|
45.6% |
|
35 |
SHG Loan |
|
15.0% annual, Flat |
|
1 Fee |
|
1 Ins |
|
None |
|
15.0% upfront |
|
28.8% - 29.2% |
|
39.4% - 40.7% |
|
37 |
Please note that the information you are viewing is
164 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: 2011-08-01
Data version: 1
Age of data: 164 months
Key Statistics
Outstanding portfolio (COP) | COP 2,087,396,804 |
Portfolio (USD) | USD 1,146,921.32 |
Active Clients with Loans | 987 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
PRODUCTO ORIENTADO A LOS MICROEMPRESARIOS URBANOS Y RURALES, PARA FINANCAIR ACTIVIDADES DE LIQUIDEZ, CAPITAL DE TRABAJO O INVERSION CON FACILIDADES DE PAGO SEGàN FLUJO DE CAJA (SEMANAL, QUINCENAL, MENSUAL)
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | CAPITAL DE TRABAJO, LIQUIDEZ, ACTIVOS |
Other (2) | |
Included Services
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | CAPITALIZACION APORTES |
Other (2) | AHORRO PROGRAMADO |
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 | MICROEMPRESARIO, COMERCIANTE - INDEPENDIENTES |
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 | COP |
Minimum loan size | COP 200,000 |
Maximum loan size | 12,875,000 |
Loan Term and Grace Period
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 13.0 months |
Grace Period
Grace period usage | 0 |
Average grace period | 0 |
Repayment Frequency
Daily | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Pricing Information
Interest
Lowest quoted nominal interest | 1.44% |
Highest quoted nominal interest | 2.45% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 |
---|
Description | Papeleria (Cartera de microcredito asi que comisio se autoriza como Mipyme. |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 3,000 |
Fixed amount - max | 3,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
---|
Description | SEGURO VIDA QUE SE LIQUIDAN SOBRE SALDOS A CAPITAL |
% of loan amount - min | 10.00% |
% of loan amount - max | 10.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | Yes |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Interest Paid on Deposit
Minimum interest rate paid | 1.58% |
Maximum interest rate paid | 1.58% |
Interest payment frequency | End Term |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Compulsory savings accounts for two different payments: Actual compulsory savings and "Aportes Sociales". The former is recovered at end of loan term with interest, the latter at withdrawal from institution. There is no FNG.
Full Pricing Data
Microcredito samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | COP 1,500,000 | | COP 3,000,000 | | COP 7,500,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-04-06 | | 2011-04-07 | | 2011-04-05 |
Loan Term (Months) | 18.0 months | | 12.0 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | |
Interest and Fee Component | 33.3% | | 33.4% | | 26.6% |
Insurance Component | 1.2% | | 1.2% | | 1.2% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 3.7% | | 3.0% | | 1.1% |
Full APR (int fee ins tax dep) | 38.2% | | 37.7% | | 28.9% |
Transparency Index | 45 | | 46 | | 60 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Microcredito Price Graphs