| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1997 |
| Head of Institution | P.V. Ravikumar |
| Regions active | |
| # Branches | 8 |
| Total Portfolio (nat'l) | INR 315,140,153 |
| Total Portfolio (USD) | USD 5,946,040.62 |
| Active clients with loans | 36,543 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.fondationardi.ma |
| Year established | 2001 |
| Head of Institution | M. CHEHHAR El Mostafa |
| Regions active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
| # Branches | 205 |
| Total Portfolio (nat'l) | MAD 273,132,165 |
| Total Portfolio (USD) | USD 32,133,195.88 |
| Active clients with loans | 115,221 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generating Loan | INR 5,000 - 50,000 | 12 - 60 | 80% - 100% | 20% - 40% | Any Purpose | Women | Group Mtgs, Credit Ins, Business Training |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crédit Solidaire | MAD 1,000 - 20,000 | 3 - 18 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training | |||||||
| Crédit Individuel | MAD 5,000 - 50,000 | 3 - 48 | 20% - 40% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generating Loan | 0 | 20.2% - 20.6% | 31% - 37.2% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generating Loan | 19.2% annual, Decl Bal | 1 Fee | 1 Ins | None | 20.0% upfront 50.00 ongoing | 20.2% - 20.6% | 31% - 37.2% | 58 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crédit Solidaire | 24.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 42.2% - 51.3% | 42.4% - 52% | 53 | ||||||||
| Crédit Individuel | 21.6% annual, Flat | 1 Fee | 1 Ins | None | N/A | 35.4% - 39.9% | 35.5% - 41.9% | 56 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generating Loan | 0 | 20.2% - 20.6% | 31% - 37.2% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Generating Loan | 19.2% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 20.0% upfront 50.00 ongoing | 20.2% - 20.6% | 31% - 37.2% | 58 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crédit Solidaire | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 42.2% - 51.3% | 42.4% - 52% | 53 | ||||||||
| Crédit Individuel | 21.6% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 35.4% - 39.9% | 35.5% - 41.9% | 56 |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
