2. Asomi
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

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.asomi.co.in/
Year established2008
Head of InstitutionSubhrajyoti Bharali
Regions active
# Branches50

Total Portfolio (nat'l)INR 251,500,000
Total Portfolio (USD)USD 4,745,283.02
Active clients with loans50,326
Approximate % female clients80% - 100%
Approximate % urban clients0% - 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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  2. Mallig Plains
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

Mallig Plains Rural Bank (Isabela), Inc. CentroMallig, Isabela3323
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

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Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 16,000,000
Portfolio (USD)USD 382,775.12
Active Clients with Loans5,775
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Credit extended to clients for income-generating activities. Uses group lending methodology.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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 interest24.00%
Highest quoted nominal interest24.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService Fee (per annum)Notarial Fee
% of loan amount - min12.00%0
% of loan amount - max12.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0.70%
% of loan amount - max1.30%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited5.00% - N/A
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid0.50%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A
Additional Comments
Doc Stamps = (Loan amount / 2) x loan term (in years). Life insurance = Loan amount x .7 (for 6 month term); .8 for 7 month term. GRT = 5% of interest and service fees

Full Pricing Data

Micropinay samples
Sample 1Sample 2Sample 3
Loan AmountPHP 7,000PHP 15,000PHP 30,000
Loan Cycle (1, 2, 3, etc)311Not Known
Disbursement Date2011-04-152011-06-082010-11-12
Loan Term (Months)6.0 months5.9 months11.8 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component75.5%72.9%72.8%
Insurance Component3.1%3.2%3.4%
Tax Component5.2%5.2%6.1%
Deposit Component2.9%3.9%3.7%
Full APR (int fee ins tax dep)86.8%85.1%85.9%
Transparency Index282828
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Micropinay Price Graphs


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% Products with compulsory deposits
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