Asomi Finance Private Limited - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 173 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Asomi Finance Private Limited 2nd Floor, Above SBI ATMBharalumukhGuwahati, Assam781009

Data approved: 2010-10-25

Data version: 1

Age of data: 173 months

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Institution Details

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

Loan Products » Summary

Enterp. Dev

1,301 Borrowers

USD 241,509.43 Portfolio

Active Product

SHG

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

*Please click here for more information

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

Institution Price Graph

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Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kabalikat para sa Maunlad na Buhay, Inc. 12 San Francisco St.KaruhatanValenzuela City1441

Data approved: 2011-11-15

Data version: 1

Age of data: 160 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 631,134,086
Portfolio (USD)	USD 15,098,901.58
Active Clients with Loans	245,017
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group
Village banking
Self help group
Other	Solidarity group between 30 to 40 individuals.

Description

Group loan is an additional financial provision to all women microentrepreneurial poor. Minimum of 30, maximum of 40. Initial loan of Php4000 and maximum of Php20000 with an interest 3.33% per month.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
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)

# Borrowers by Product

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	PHP
Minimum loan size	PHP 4,000
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
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 interest	3.33%
Highest quoted nominal interest	3.33%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Microinsurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	196
Fixed amount - max	206
Reason for variation	N/A
Appears on Repayment Sched?	No

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?
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 40
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 7,000	PHP 7,000	PHP 13,000	PHP 16,000
Loan Cycle (1, 2, 3, etc)	6	Not Known	6	6
Disbursement Date	2011-08-05	2011-09-01	2011-08-05	2011-09-01
Loan Term (Months)	5.6 months	6.0 months	6.0 months	6.0 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	85.7%	93.8%	85.7%	93.8%
Insurance Component	13.1%	14.5%	7.0%	6.3%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	22.5%	26.9%	15.0%	15.9%
Full APR (int fee ins tax dep)	121.3%	135.2%	107.7%	116.0%
Transparency Index	33	30	37	34

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Group Loan Price Graphs

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Group Loan samples

Group Loan Price Graphs

Total Borrowers of Samples

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