| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.gfspl.in/ |
| Year established | 1999 |
| Head of Institution | Suresh K. Krishna |
| Regions active | Karnataka, Maharashtra, Tamil Nadu |
| # Branches | 161 |
| Total Portfolio (nat'l) | INR 5,238,988,264 |
| Total Portfolio (USD) | USD 98,848,835.17 |
| Active clients with loans | 592,113 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | Sa-dhan, AKMI, MFIN |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Emergency Loan | INR 1,000 - 1,000 | 2.56 - 2.79 | 100% | 20% - 40% | Any Purpose | Women, Low HH Inc, Med HH Inc, Member should have running IGL Pragati or IGL Pragati Plus or Water or Sanitation loan | Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Water Connection Loan | INR 5,000 - 5,000 | 12.1 - 24.19 | 100% | 20% - 40% | Housing, For taking water connection | Women, Have home or land, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| IGL-Pragati | INR 5,000 - 15,000 | 12 | 80% - 100% | 0% - 20% | Business | Women | ||||||||
| IGL-Pragati Plus | INR 15,000 - 25,000 | 24 - 24.19 | 100% | 20% - 40% | Business | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Sanitation Loan | INR 7,000 - 10,000 | 24 - 24.19 | 100% | 20% - 40% | Housing, For construction of toilets | Women, Low HH Inc, Med HH Inc, Proof of ownership of the house where sanitation structure is to be erected must be provided. House ownership can be in the name of member or spouse or member's father/mother/father-in-law/mother-in-law. | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Water Loan-PureIT | INR 2,950 - 2,950 | 12 - 12.1 | 100% | 20% - 40% | Consumer, To Purchase Water Purifier | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Grameen Niwas | INR 1,000 - 25,000 | 24.19 - 48.37 | 100% | 20% - 40% | Housing | Women, Have home or land, Low HH Inc, Med HH Inc, All active members applying for this loan should have successfully completed 2 loan cycles of IGL Pragati/Pragati Plus loan. | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| GGI Cook Stove Loan | INR 1,250 - 1,250 | 5.6 | 100% | 20% - 40% | Consumer | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Swavalamban Loan | INR 1,000 - 1,000 | 2.56 - 2.79 | 100% | 20% - 40% | For Pension fund Investment for future saving | Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans | Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Education Loan | INR 5,000 - 5,000 | 11.63 - 12.1 | 100% | 20% - 40% | Education | Women, Low HH Inc, Med HH Inc, The member must have availed IGL-Pragati at least once.New members eligible after 6 months from the date of becoming the member | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Medical Loan | INR 500 - 2,000 | 5.58 - 5.6 | 100% | 0% - 20% | Other, For meeting medical expenses | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Festival Loan | INR 2,000 - 2,000 | 5.6 | 100% | 20% - 40% | Consumer, Other, To meet the expenses of the festival | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Pragati Supplement | INR 5,000 - 5,000 | 5.58 | 100% | 40% - 60% | Business | Women, Low HH Inc, Med HH Inc, This loan can be availed after 25 weeks of prompt repayment of Pragati/Pragati plus loan installments and should have at least 12 weeks of remaining repayment period, IGL-Pragati/Pragati Plus borrowers | Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop | |||||||
| Arogya Loan | INR 500 - 1,000 | 2.56 - 2.79 | 100% | 20% - 40% | Other | Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans., The member who opts for healthcare services under SNDPAP scheme is eligible for the loan. | Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Emergency Loan | 24.5% - 34% | 32.9% - 45.6% | 33.9% - 47.1% | Yes | Yes | NA | 89 | |||||||
| Water Connection Loan | 22.1% | 24.2% | 27.6% | Yes | Yes | Yes | 100 | |||||||
| IGL-Pragati | 26% - 26.1% | 28% - 28.2% | 36.4% - 45.1% | Yes | Yes | Yes | 100 | |||||||
| IGL-Pragati Plus | 26% | 27.1% | 31.5% | Yes | Yes | Yes | 100 | |||||||
| Sanitation Loan | 22% | 23.1% | 26.6% | Yes | Yes | Yes | 100 | |||||||
| Water Loan-PureIT | 24% | 26.1% | 27.4% | Yes | Yes | Yes | 100 | |||||||
| Grameen Niwas | 21.8% - 22% | 22.9% - 23.1% | 24% - 24.3% | Yes | Yes | Yes | 100 | |||||||
| GGI Cook Stove Loan | 24.2% | 28.3% | 28.9% | Yes | Yes | NA | 99 | |||||||
| Swavalamban Loan | 24.5% | 32.9% | 33.9% | Yes | Yes | NA | 98 | |||||||
| Education Loan | 22.1% | 24.2% | 27.6% | Yes | Yes | Yes | 100 | |||||||
| Medical Loan | 22.2% | 26.4% | 33.4% | Yes | Yes | Yes | 99 | |||||||
| Festival Loan | 22.2% | 26.4% | 33.4% | Yes | Yes | Yes | 99 | |||||||
| Pragati Supplement | 26% | 30.1% | 37.1% | Yes | Yes | Yes | 100 | |||||||
| Arogya Loan | 22.6% - 22.9% | 30.9% - 31.1% | 31.9% - 32.1% | Yes | Yes | NA | 97 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Emergency Loan | 24.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 32.9% - 45.6% | 33.9% - 47.1% | 64 | ||||||||
| Water Connection Loan | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 24.2% | 27.6% | 80 | ||||||||
| IGL-Pragati | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 28% - 28.2% | 36.4% - 45.1% | 64 | ||||||||
| IGL-Pragati Plus | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 27.1% | 31.5% | 83 | ||||||||
| Sanitation Loan | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 23.1% | 26.6% | 83 | ||||||||
| Water Loan-PureIT | 24.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.1% | 27.4% | 87 | ||||||||
| Grameen Niwas | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 22.9% - 23.1% | 24% - 24.3% | 91 | ||||||||
| GGI Cook Stove Loan | 24.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 28.3% | 28.9% | 83 | ||||||||
| Swavalamban Loan | 24.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 32.9% | 33.9% | 71 | ||||||||
| Education Loan | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 24.2% | 27.6% | 80 | ||||||||
| Medical Loan | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.4% | 33.4% | 66 | ||||||||
| Festival Loan | 22.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.4% | 33.4% | 66 | ||||||||
| Pragati Supplement | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 30.1% | 37.1% | 70 | ||||||||
| Arogya Loan | 22.0% annual, Decl Bal | 1 Fee | 0 Ins | 12.36% fees | N/A | 30.9% - 31.1% | 31.9% - 32.1% | 69 |
| Outstanding portfolio (USD) | USD 1,115 |
| Portfolio (USD) | USD 1,115 |
| Active Clients with Loans | 19 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | N/A |
| Regions Active |
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| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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