2. Adhikar
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

Adhikar Microfinance Private Limited Plot No - 77/180/970Subudhipur, TamandoBhubaneswar, Odisha752054
Data approved: 2012-12-04
Data version: 1
Age of data: 139 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.adhikarindia.in
Year established1998
Head of InstitutionMr. Mohammad Nooruddin Amin
Regions activeGujarat, Orissa
# Branches45

Total Portfolio (nat'l)INR 141,753,084
Total Portfolio (USD)USD 2,674,586.49
Active clients with loans35,358
Approximate % female clients100%
Approximate % urban clients20% - 40%
Network affiliationsSa-Dhan, MFIN

Loan Products » Summary

IGL
35,358 Borrowers
USD 2,674,586.49 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
IGL INR 7,000 - 15,000 12 100% 20% - 40% Business Women, Specific age group, Low HH Inc, Med HH Inc Group Mtgs, Credit Ins, Business 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 26% 28% 29.3% Yes Yes Yes 100
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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 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28% 29.3% 89
Institution Price Graph
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  2. Comerciacoop
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cooperativa de Comerciantes CL 16 # 8 29Chiquinquira, Boyaca
Data approved: 2011-08-01
Data version: 1
Age of data: 166 months

Product

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Product Details

Key Statistics
Outstanding portfolio (COP)COP 2,087,396,804
Portfolio (USD)USD 1,146,921.32
Active Clients with Loans987
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
PRODUCTO ORIENTADO A LOS MICROEMPRESARIOS URBANOS Y RURALES, PARA FINANCAIR ACTIVIDADES DE LIQUIDEZ, CAPITAL DE TRABAJO O INVERSION CON FACILIDADES DE PAGO SEGàšN FLUJO DE CAJA (SEMANAL, QUINCENAL, MENSUAL)
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCAPITAL DE TRABAJO, LIQUIDEZ, ACTIVOS
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
OtherCAPITALIZACION APORTES
Other (2)AHORRO PROGRAMADO
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMICROEMPRESARIO, COMERCIANTE - INDEPENDIENTES
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 200,000
Maximum loan size12,875,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average13.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest1.44%
Highest quoted nominal interest2.45%
Reason(s) why interest rate variesTime as Client, Loan Size
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionPapeleria (Cartera de microcredito asi que comisio se autoriza como Mipyme.
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3,000
Fixed amount - max3,000
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO VIDA QUE SE LIQUIDAN SOBRE SALDOS A CAPITAL
% of loan amount - min10.00%
% of loan amount - max10.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited3.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid1.58%
Maximum interest rate paid1.58%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Compulsory savings accounts for two different payments: Actual compulsory savings and "Aportes Sociales". The former is recovered at end of loan term with interest, the latter at withdrawal from institution. There is no FNG.

Full Pricing Data

Microcredito samples
Sample 1Sample 2Sample 3
Loan AmountCOP 1,500,000COP 3,000,000COP 7,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2011-04-062011-04-072011-04-05
Loan Term (Months)18.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component33.3%33.4%26.6%
Insurance Component1.2%1.2%1.2%
Tax Component0.0%0.0%0.0%
Deposit Component3.7%3.0%1.1%
Full APR (int fee ins tax dep)38.2%37.7%28.9%
Transparency Index454660
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microcredito Price Graphs


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