2. FFSL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Future Financial Servicess Ltd. #17/1, GRA Tower, Ambalipura Main RoadOff. Sarjapur Road, Agara PostBangalore, KarnatakaPO Box 560 103
Data approved: 2013-07-16
Data version: 3
Age of data: 139 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.ffslmfi.com/
Year established2007
Head of InstitutionG. Dashratha Reddy
Regions activeAndhra Pradesh, Karnataka
# Branches110

Total Portfolio (nat'l)INR 2,041,266,962
Total Portfolio (USD)USD 38,514,470.98
Active clients with loans179,620
Approximate % female clients100%
Approximate % urban clients0
Network affiliationsMFIN, Sa-Dhan

Loan Products » Summary

Monthly
145,779 Borrowers
USD 34,208,015.87 Portfolio
Active Product
Fortnightly
4,872 Borrowers
USD 1,511,297.36 Portfolio
Active Product
Daily Loan
Retired Product
Midterm Loan
Retired Product
Weekly Loan
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Monthly Loan INR 12,000 - 30,000 19 - 26 100% 0% Business Women Group Mtgs, Credit Ins, Other Training
Fortnightly Loan INR 12,000 - 30,000 19 - 26 100% 100% Business Women Group Mtgs, Credit Ins, Other 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
Monthly Loan 24.7% - 25.6% 26% - 26.7% 29.8% - 30.8% Yes Yes Yes 100
Fortnightly Loan 27.6% - 27.7% 28.8% - 29% 33.2% - 33.4% Yes Yes Yes 94
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Monthly Loan 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26% - 26.7% 29.8% - 30.8% 85
Fortnightly Loan 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28.8% - 29% 33.2% - 33.4% 78
Institution Price Graph
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  2. FUNDAUNIBAN
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDAUNIBAN Calle 52 No 47-42Medellin
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Product

Microcredito Rural Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (COP)COP 1,908,247,263
Portfolio (USD)USD 1,048,487.51
Active Clients with Loans518
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Fortalecimiento de cultivos agopecuarios rurales, principalmente pequeños productores de las regiones del magdalena y Uraba. Las lineas de crédito son : Capital de trabajo, activos fijos, apliación de tierras productivas, credito comunitario.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
OtherAmpliacion de tierras
Other (2)Capital de trabajo
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherCapacitaciones en Buenas Practicas Administrativas
Other (2)
No other services
Eligibility
Menx
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
CurrencyCOP
Minimum loan sizeCOP 1,000
Maximum loan size12,875,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term36.0 months
Approx average24.0 months
Grace Period
Grace period usage10%
Average grace period6.0 months
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 interest0.38%
Highest quoted nominal interest0.38%
Interest rate periodWeekly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLey MiPYME para Asistencia Tecnica
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1Ins 2
DescriptionFNG (Fondo Nacional de Garantias) (se cobra anualmente)Seguro de Vida (solamente para algunos prestamos de este producto)
% of loan amount - min5.00%1.80%
% of loan amount - max20.00%1.80%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microcredito Rural samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,600,000COP 3,200,000COP 7,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-02-252011-03-182011-03-18
Loan Term (Months)12.1 months24.3 months36.4 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 Component33.9%31.5%25.8%
Insurance Component1.1%4.5%1.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%1.1%0.0%
Full APR (int fee ins tax dep)35.0%37.1%26.7%
Transparency Index565374
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microcredito Rural Price Graphs


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% Products with compulsory deposits
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