Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.janalakshmi.com/ |
Year established | 2006 |
Head of Institution | VS Radhakrishnan |
Regions active | Gujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi |
# Branches | 66 |
Total Portfolio (nat'l) | INR 6,311,118,034 |
Total Portfolio (USD) | USD 119,077,698.80 |
Active clients with loans | 506,075 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | MFIN, AKMI |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | INR 5,000 - 20,000 | 12 - 24 | 60% - 80% | 60% - 80% | Education | Women, Men, Must have children who are studying until the age of 24 yrs. | Credit Educ | |||||||
Small Group Loan | INR 5,000 - 50,000 | 12 - 24 | 100% | 100% | Business, Housing, Consumer, Education, Other | Women, Group members must live within each other's vicinity., Must demonstrate capacity to repay. | Credit Educ, Group Mtgs, Credit Ins |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | 27.5% - 28% | 33% - 33.9% | 40.4% - 41.8% | NA | NA | NA | 86 | |||||||
Small Group Loan | 27.9% - 29.6% | 28.9% - 31.5% | 30.4% - 33.4% | Yes | Yes | Yes | 92 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Education Loan | 24.0% annual, Decl Bal | 2 Fees | 0 Ins | 12.36% fees | 10.0% upfront | 33% - 33.9% | 40.4% - 41.8% | 58 | ||||||||
Small Group Loan | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 28.9% - 31.5% | 30.4% - 33.4% | 83 |
Outstanding portfolio (KES) | KES 485,293.07 |
Portfolio (USD) | USD 5,861.03 |
Active Clients with Loans | 5 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 5 |
# Regions for this product | N/A |
Regions Active |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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