2. WEMCS
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

WOMENS EMPOWERMENT & MICRO CREDIT SERVICES R.O-107,AHIAPUR,ANCHAL-HASPURA,DIST-AURANGABAD,BIHAR,INDIA,PIN-824120H.O-A/204,SANGEETA SASWATAM APARTMENT,NEAR SHYAMAL HOSPITAL,MOURYA PATH,BAILEY ROAD,PATNA-800014,BIHPATNA, BIHAR800014
Data approved: 2010-10-25
Data version: 1
Age of data: 170 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.wemcs.co.in/
Year established2008
Head of InstitutionASHWINI KUMAR SINHA
Regions active
# Branches2

Total Portfolio (nat'l)INR 4,507,144
Total Portfolio (USD)USD 85,040.45
Active clients with loans1,143
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations

Loan Products » Summary

IGL
1,143 Borrowers
USD 85,040.45 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
IGL INR 5,000 - 10,000 6 - 12 80% - 100% 0% - 20% Business Women Credit Educ, Group Mtgs, Credit Ins, Other Training

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
IGL 0 39.3% 42.6% N/A
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
IGL 15.0% annual, Flat 1 Fee 1 Ins None N/A 39.3% 42.6% 35
Institution Price Graph
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  2. Maata-N-Tudu
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Maata-N-Tudu Association Head OfficeTamale, NorthernP.O. Box 1015
Data approved: 2013-02-13
Data version: 2
Age of data: 139 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 590,520
Portfolio (USD)USD 299,756.35
Active Clients with Loans5,687
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
Other
Description
This product has a loan term of nine months; six months grace period and three equal monthly instalments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveNorthern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size1,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term9.0 months
Longest loan term9.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months100%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.17%
Highest quoted nominal interest3.17%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionMembership dues
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min2
Fixed amount - max2
Reason for variation1st cycle loans=4 GHS. Multiple cycle loans= 2 GHS
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Grain Banking Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 345GHS 650GHS 675GHS 750
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-252012-10-252012-10-252012-10-25
Loan Term (Months)9.0 months9.0 months9.0 months9.0 months
Grace Period (Months)6.1 months6.1 months6.1 months6.1 months
Total Cost of CreditGHS 100.32GHS 187.25GHS 194.37GHS 215.75
True Price by Comp       
Interest price component37.8%37.8%37.8%37.8%
Fee Component0.9%0.5%0.4%0.4%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.4%9.3%9.4%9.3%
Full APR (int fee ins tax dep)48.1%47.6%47.6%47.5%
Transparency Index79808080
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Grain Banking Loan Price Graphs


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Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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