2. Utkarsh
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Innovative Finance
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 144 months
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Institution

Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP. BOX CT153
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.utkarshmfi.com/
Year established1990
Head of InstitutionGovind Singh
Regions activeBihar, Madhya Pradesh
# Branches92

Total Portfolio (nat'l)INR 1,374,101,555
Total Portfolio (USD)USD 25,926,444.43
Active clients with loans168,691
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.myinnovativefinance.com/
Year established1999
Head of InstitutionSheila Azuntaba
Regions active0
# Branches2

Total Portfolio (nat'l)GHS 576,895
Total Portfolio (USD)USD 384,596.67
Active clients with loans356
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliationsGHANA COOPERATIVE OF SUSU COLLECTORS ASSOCIATION, GHANA MICROFINANCE NETWORK
Funders

Loan Products » Summary

Pragati
154,956 Borrowers
USD 21,403,926.92 Portfolio
Active Product
Kiran
13,584 Borrowers
USD 4,397,416.42 Portfolio
Active Product
Samridhi
151 Borrowers
USD 113,779.58 Portfolio
Active Product
Utkarsh Unnati
Retired Product

Loan Products » Summary

Innovative Auto Loan
4 Borrowers
USD 7,237 Portfolio
Active Product
Innovative Micro-Leasing
3 Borrowers
USD 4,000 Portfolio
Active Product
Susu Loan
165 Borrowers
USD 104,171 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Utkarsh Pragati INR 6,000 - 15,000 12 - 14 100% 0% - 20% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. Credit Educ, Group Mtgs, Tech Asst Visits
Utkarsh Kiran INR 18,000 - 25,000 24 100% 0% - 20% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. Credit Educ, Group Mtgs, Tech Asst Visits
Utkarsh Samridhi INR 25,000 - 300,000 6 - 36 0% - 20% 100% Business Women, Men, Have business, Have home or land, Must have atleast 3 years of experience in existing business. Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Innovative Auto Loan 0 0 0% - 20% 80% - 100%
Innovative Micro-Leasing 0 0 60% - 80% 60% - 80%
Susu Loan GHS 200 - 1,500 3 - 8 60% - 80% 60% - 80%

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
Utkarsh Pragati 25.6% - 25.9% 27.3% - 27.5% 29.4% - 29.6% Yes Yes Yes 100
Utkarsh Kiran 25.8% - 26.1% 26.8% - 27.1% 28% - 28.3% Yes Yes Yes 100
Utkarsh Samridhi 28.8% 30.4% 32.6% NA NA NA 100
*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
Utkarsh Pragati 25.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.3% - 27.5% 29.4% - 29.6% 88
Utkarsh Kiran 25.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 27.1% 28% - 28.3% 92
Utkarsh Samridhi 29.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 30.4% 32.6% 89

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Innovative Auto Loan 0.00% annual, 0 0 Fees 0 Ins 119.5% - 143.2% 205.7% - 261%
Innovative Micro-Leasing 0.00% annual, 0 0 Fees 0 Ins 109.1% - 145.4% 202% - 264.9%
Susu Loan 60.00%-0.00% annual, Flat 2 Fees 1 Ins 138.9% - 157.7% 256.4% - 287.6% 21

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
Utkarsh Pragati 25.6% - 25.9% 27.3% - 27.5% 29.4% - 29.6% Yes Yes Yes 100
Utkarsh Kiran 25.8% - 26.1% 26.8% - 27.1% 28% - 28.3% Yes Yes Yes 100
Utkarsh Samridhi 28.8% 30.4% 32.6% NA NA NA 100
*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
Utkarsh Pragati 25.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 27.3% - 27.5% 29.4% - 29.6% 88
Utkarsh Kiran 25.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.8% - 27.1% 28% - 28.3% 92
Utkarsh Samridhi 29.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 30.4% 32.6% 89

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Innovative Auto Loan 0.00% annual, 0 0 Fees 0 Ins Ins 119.5% - 143.2% 205.7% - 261%
Innovative Micro-Leasing 0.00% annual, 0 0 Fees 0 Ins Ins 109.1% - 145.4% 202% - 264.9%
Susu Loan 60.00%-0.00% annual, Flat 2 Fees 1 Ins Ins 138.9% - 157.7% 256.4% - 287.6% 21
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessLoan PurposeUtkarshInstitutionIN-079-V02-P01IN-079-V02-P03IN-079-V02-P04ProductINCountry2013YearRange Number2Institution Data Version010,00020,00030,00040,00050,00060,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 150,000110,00077,00038,0004,300Number of Borrowers
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeBusinessMultipleLoan PurposeInnovative FinanceInstitutionGH-026-V01-P01GH-026-V01-P03GH-026-V01-P05ProductGHCountry2011YearRange Number1Institution Data Version02,0004,0006,0008,00010,00012,000Loan Size (all)0%100%200%300%Full APR (int fee ins tax dep)> 80405Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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Key Statistics
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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