2. Adhikar
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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. OISL
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

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
Data version: 2
Age of data: 139 months
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Product

Agriculture Loan Product 1 of 10 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,448,297
Portfolio (USD)USD 1,242,790.36
Active Clients with Loans7,428
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Agriculture loan is designed to offer loans to farmers for farm input purchase etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFarming
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherFarmers
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product5
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 130
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
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 term6.0 months
Longest loan term9.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months90%
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
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 deposited10.00%
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 paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 297GHS 750GHS 1,530GHS 3,000GHS 5,600
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-05-042012-12-212012-05-312012-10-022012-10-12
Loan Term (Months)10.0 months4.9 months9.0 months10.0 months5.8 months
Grace Period (Months)5.6 months2.0 months4.7 months0.4 months2.9 months
Total Cost of CreditGHS 92.10GHS 145.50GHS 424.41GHS 1,071.20GHS 1,227.81
True Price by Comp         
Interest price component33.9%41.5%34.8%57.3%40.1%
Fee Component6.9%12.3%6.4%8.1%9.1%
Insurance Component1.2%2.7%1.3%1.7%2.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component5.0%7.3%5.2%11.7%6.3%
Full APR (int fee ins tax dep)47.0%63.8%47.7%78.8%57.7%
Transparency Index7756754662
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agriculture Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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