Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.emfil.org/ |
Year established | 1996 |
Head of Institution | K. Paul Thomas |
Regions active | Chhattisgarh, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu |
# Branches | 151 |
Total Portfolio (nat'l) | INR 2,301,636,906 |
Total Portfolio (USD) | USD 43,427,111.43 |
Active clients with loans | 352,627 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MFIN |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1987 |
Head of Institution | Dr. Vicente R. Geducos, CPA |
Regions active | |
# Branches | 9 |
Total Portfolio (nat'l) | PhP 77,295,975.67 |
Total Portfolio (USD) | USD 1,849,186.02 |
Active clients with loans | 18,350 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Opportunity International Network, Alliance for Philippine Partners in Enterprise Development (APPEND), Mindanao Microfinance Council (MMC), Philippine Partnership for the Development of Human Resources in Rural Areas (PhilDHRRA) |
Funders | OIKOCredit, People's Credit and Finance Corporation (PCFC), PinoyMe Foundation, Small Business Corporation (SBC) |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | INR 5,000 - 8,000 | 12 | 80% - 100% | 0% - 20% | Any Purpose | Women, Men, Low HH Inc | Credit Educ, Group Mtgs, Business Training | |||||||
Income Generation Loan | INR 8,000 - 15,000 | 12 | 80% - 100% | 0% - 20% | Business | Women, Men, Low HH Inc | Credit Educ, Group Mtgs, Business Training, Financial education | |||||||
Jeevandhara | INR 3,000 - 12,000 | 12 - 24 | 80% - 100% | 0% - 20% | For installing water connection | Women, Men, Low HH Inc | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
Nirmal | INR 6,000 - 12,000 | 12 - 24 | 80% - 100% | 0% - 20% | Sanitation Purposes | Women, Men, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
Income Generation Loan 2+ | INR 16,000 - 30,000 | 24 | 80% - 100% | 0% - 20% | Business | Women, Men, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Business Training |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loan | PHP 3,000 - 30,000 | 3 - 10 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program | |||||||
Individual Loan | PHP 10,000 - 40,000 | 3 - 10 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Community Development Program |
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 | 27% - 27.9% | 29.3% - 30.2% | 29.6% - 30.5% | Yes | Yes | Yes | 95 | |||||||
Income Generation Loan | 27% - 27.9% | 29.3% - 30.2% | 29.6% - 30.5% | Yes | Yes | Yes | 95 | |||||||
Jeevandhara | 21.5% - 23.6% | 23.8% - 25.5% | 24.1% - 25.8% | Yes | Yes | Yes | 99 | |||||||
Nirmal | 22% - 22.2% | 23.2% - 23.4% | 23.4% - 23.6% | Yes | Yes | Yes | 100 | |||||||
Income Generation Loan 2+ | 26.7% - 27.2% | 28.2% - 28.7% | 28.3% - 28.9% | Yes | Yes | Yes | 97 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 26.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 29.3% - 30.2% | 29.6% - 30.5% | 86 | ||||||||
Income Generation Loan | 26.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 29.3% - 30.2% | 29.6% - 30.5% | 86 | ||||||||
Jeevandhara | 22.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 23.8% - 25.5% | 24.1% - 25.8% | 89 | ||||||||
Nirmal | 22.0%-26.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 23.2% - 23.4% | 23.4% - 23.6% | 93 | ||||||||
Income Generation Loan 2+ | 26.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 28.2% - 28.7% | 28.3% - 28.9% | 90 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0% upfront 40.00 ongoing | 80.6% - 93.1% | 94.6% - 216.6% | 27 | ||||||||
Individual Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 5.0% upfront | 84.5% - 85.9% | 99.6% - 108.9% | 34 |
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 | 27% - 27.9% | 29.3% - 30.2% | 29.6% - 30.5% | Yes | Yes | Yes | 95 | |||||||
Income Generation Loan | 27% - 27.9% | 29.3% - 30.2% | 29.6% - 30.5% | Yes | Yes | Yes | 95 | |||||||
Jeevandhara | 21.5% - 23.6% | 23.8% - 25.5% | 24.1% - 25.8% | Yes | Yes | Yes | 99 | |||||||
Nirmal | 22% - 22.2% | 23.2% - 23.4% | 23.4% - 23.6% | Yes | Yes | Yes | 100 | |||||||
Income Generation Loan 2+ | 26.7% - 27.2% | 28.2% - 28.7% | 28.3% - 28.9% | Yes | Yes | Yes | 97 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
General Loan | 26.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | 12.36% fees | N/A | 29.3% - 30.2% | 29.6% - 30.5% | 86 | ||||||||
Income Generation Loan | 26.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | 12.36% fees | N/A | 29.3% - 30.2% | 29.6% - 30.5% | 86 | ||||||||
Jeevandhara | 22.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | 12.36% fees | N/A | 23.8% - 25.5% | 24.1% - 25.8% | 89 | ||||||||
Nirmal | 22.0%-26.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | 12.36% fees | N/A | 23.2% - 23.4% | 23.4% - 23.6% | 93 | ||||||||
Income Generation Loan 2+ | 26.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | 12.36% fees | N/A | 28.2% - 28.7% | 28.3% - 28.9% | 90 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Group Loan | 36.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 5.0% upfront 40.00 ongoing | 80.6% - 93.1% | 94.6% - 216.6% | 27 | ||||||||
Individual Loan | 36.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 5.0% upfront | 84.5% - 85.9% | 99.6% - 108.9% | 34 |
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