Adhikar Microfinance Private Limited - MFTransparency.org Truth In Lending Tables

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

Download Data

Analyze Data

Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.adhikarindia.in
Year established	1998
Head of Institution	Mr. Mohammad Nooruddin Amin
Regions active	Gujarat, Orissa
# Branches	45

Total Portfolio (nat'l)	INR 141,753,084
Total Portfolio (USD)	USD 2,674,586.49
Active clients with loans	35,358
Approximate % female clients	100%
Approximate % urban clients	20% - 40%
Network affiliations	Sa-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

*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
IGL		26.0% annual, Decl Bal		1 Fee		1 Ins		12.36% fees		N/A		28%		29.3%		89

Institution Price Graph

Click to view Price Analysis Tool

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

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra

Data approved: 2013-07-31

Data version: 1

Age of data: 139 months

Download Data

Analyze Data

Product

Group Product 6 of 6 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 148,203.62
Portfolio (USD)	USD 75,230.26
Active Clients with Loans	407
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Designed for solidarity groups mainly in rural and peri-urban areas. Groups are 5-8 people in size.

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	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	2
Regions Active	Greater Accra Region, Eastern Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 600
Maximum loan size	3,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	100%
GHS 1,000-5,000	0
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	DK

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	70%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
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	4.00%
Highest quoted nominal interest	4.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.50%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Fee increased from 1.5% to 2.0% in March 2013.
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	0.55%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Fee increased from 0.55% to 1.0% in July 2013.
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Some
Criteria	Required if physical collateral provided is not sufficient. Ongoing is 2.5 GHS pw for weekly loans, 10 GHS for monthly loans
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	0 - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	GHS 2.50 - GHS 10
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 500	GHS 800	GHS 1,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-06-12	2013-02-28	2013-02-28
Loan Term (Months)	6.0 months	6.0 months	6.0 months
Grace Period (Months)	0.5 months	0.1 months	0.1 months
Total Cost of Credit	GHS 133.11	GHS 198.90	GHS 447.60
True Price by Comp
Interest price component	67.6%	69.9%	69.9%
Fee Component	6.5%	7.2%	7.2%
Insurance Component	1.8%	2.0%	2.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	35.7%	39.7%	36.0%
Full APR (int fee ins tax dep)	111.6%	118.8%	115.1%
Transparency Index	43	40	42

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Group Price Graphs

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Group samples

Group Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources