Please note that the information you are viewing is
171 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-10-25
Data version: 1
Age of data: 171 months
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | K. Ravikumar |
| Regions active | |
| # Branches | 13 |
| Total Portfolio (nat'l) | INR 194,002,175 |
| Total Portfolio (USD) | USD 3,660,418.40 |
| Active clients with loans | 28,501 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | |
16,336 Borrowers
USD 3,162,175.57 Portfolio
Active Product
9,295 Borrowers
USD 498,211.89 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| AP-JLGD21T12ME |
|
INR 9,000 - 15,000 |
|
12 |
|
80% - 100% |
|
20% - 40% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
| TN-JLGF12T12ME |
|
INR 6,000 - 12,000 |
|
12 |
|
80% - 100% |
|
0% - 20% |
|
Any Purpose |
|
Women |
|
Credit Educ, Group Mtgs, Credit Ins |
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 |
| AP-JLGD21T12ME |
|
0% |
|
25.7% |
|
26.6% |
|
|
|
|
|
|
|
N/A |
| TN-JLGF12T12ME |
|
0% |
|
25.7% |
|
26.7% |
|
|
|
|
|
|
|
N/A |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| AP-JLGD21T12ME |
|
21.0% annual, Decl Bal |
|
0 Fees |
|
1 Ins |
|
None |
|
N/A |
|
25.7% |
|
26.6% |
|
79 |
| TN-JLGF12T12ME |
|
12.0% annual, Flat |
|
0 Fees |
|
1 Ins |
|
None |
|
N/A |
|
25.7% |
|
26.7% |
|
45 |
Please note that the information you are viewing is
141 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2010-09-13
Data version: 1
Age of data: - months
Key Statistics
| Outstanding portfolio (KES) | KES 69,200,000 |
| Portfolio (USD) | USD 835,748.79 |
| Active Clients with Loans | 6,708 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | |
Description
Loan to individuals, full business ownership or management, security is loan guarantee funds and chattels mortgage, monthly repayment, loan period 6-36 months
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) | |
Included Services
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Leadership |
| Other (2) | Women empowerment |
| No other services | |
Eligibility
| Men | |
| 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) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active | |
Loan Conditions
Loan Amount
| Currency | KES |
| Minimum loan size | KES 100,000 |
| Maximum loan size | 5,000,000 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 36.0 months |
| Approx average | 18.0 months |
Grace Period
| Grace period usage | 0 |
| Average grace period | 0 |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | |
Pricing Information
Interest
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 1.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Loan Processing Fee | | Risk Management Fee |
| % of loan amount - min | 1.00% | | 1.25% |
| % of loan amount - max | 1.00% | | 1.25% |
| OR, Fixed amount - min | 0 | | 0 |
| Fixed amount - max | 0 | | 0 |
| Reason for variation | | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? | |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 1.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
Interest Paid on Deposit
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
THIRD FEE: Chattels mortgage, KES 1.5, not on repayment schedule
Full Pricing Data
Agricultural Loan samples
No sample data for this product
Agricultural Loan Price Graphs
No sample data for this product
