2. FFSL
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  2. CRAN
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Institution

Future Financial Services Ltd. 4-368/1,C.B. RoadAndhra Pradesh, Andhra Pradesh517002
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution

CRAN Microfinance Head OfficeCape Coast, CentralP.O. Box UC 97
Data approved: 2013-02-18
Data version: 2
Age of data: 144 months
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Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.ffslmfi.com/
Year established2007
Head of InstitutionG. Dashrath Reddy
Regions active0
# Branches83

Total Portfolio (nat'l)INR 2,410,743,660
Total Portfolio (USD)USD 53,572,081.33
Active clients with loans270,185
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliations

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.cranmicrofinance.org
Year established1993
Head of InstitutionDr. Patrick Agbesingale
Regions activeCentral Region, Western Region, Volta Region
# Branches5

Total Portfolio (nat'l)GHS 2,008,192
Total Portfolio (USD)USD 1,019,386.80
Active clients with loans3,613
Approximate % female clients80% - 100%
Approximate % urban clients40% - 60%
Network affiliationsGHAMFIN, ASSFIN, GAMC
FundersCORDAID, TERA JANE, KIVA

Loan Products » Summary

Daily Loan
2,615 Borrowers
USD 493,644 Portfolio
Active Product
Midterm Loan
20,684 Borrowers
USD 1,927,771 Portfolio
Active Product
Monthly
150,704 Borrowers
USD 34,082,156 Portfolio
Active Product
Weekly Loan
116,866 Borrowers
USD 17,068,510 Portfolio
Active Product

Loan Products » Summary

Group
3,234 Borrowers
USD 796,932.99 Portfolio
Active Product
Individual
379 Borrowers
USD 222,453.30 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Daily Loan INR 6,000 - 20,000 3.3 - 4.6 0% - 20% 80% - 100% Business Women, Men, Must be the family member of weekly borrower, Age between 18 to 55 Years Credit Educ, Group Mtgs, Credit Ins
Midterm Loan INR 8,000 - 8,000 10 80% - 100% 80% - 100% Business Women, Must be a weekly Loan borrower, age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Monthly Loan INR 12,000 - 18,000 15 80% - 100% 20% - 40% Business Women, Must be Married, Age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Weekly Loan INR 12,000 - 18,000 11.5 80% - 100% 80% - 100% Business Women, Must be Married, Age between 18 to 58 years Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loans GHS 200 - 3,000 4 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Savings promotion
Individual Loan GHS 200 - 10,000 6 - 12 60% - 80% 40% - 60% Business Women, Men, Have business Credit Educ, Credit Ins, Savings promotion

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% 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
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loans 42.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 73.3% - 73.5% 112.8% - 114% 37
Individual Loan 42.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 72.3% - 73.5% 106.1% - 112% 37

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% 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
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loans 42.00% annual, Flat 1 Fee 1 Ins Ins None 20.00% upfront 73.3% - 73.5% 112.8% - 114% 37
Individual Loan 42.00% annual, Flat 1 Fee 1 Ins Ins None 20.00% upfront 72.3% - 73.5% 106.1% - 112% 37
Institution Price Graph
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeCRANInstitutionGH-015-V02-P01GH-015-V02-P02ProductGHCountry2013YearRange Number2Institution Data Version02,0004,0006,0008,00010,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 2,5001,9001,20060070Number of Borrowers
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Key Statistics
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# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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