2. BIMAS
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. Sonata 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

Business Initiative and Management Assistance Services P.O. Box 2299 60100Embu, Central
Data approved: 2013-07-16
Data version: 2
Age of data: 144 months
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Institution

Sonata Finance Private Limited 125B/6B Pt. Madan Mohan Malviya RoadGorge TownAllahabad, Uttar PradeshPO Box 211002
Data approved: 2013-01-09
Data version: 3
Age of data: 144 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.bimaskenya.com
Year established1997
Head of InstitutionPatrick Gathondu
Regions activeCentral, Eastern, Nairobi, Rift Valley
# Branches19

Total Portfolio (nat'l)KES 397,880,258
Total Portfolio (USD)USD 4,805,317.13
Active clients with loans10,118
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.sonataindia.com/
Year established2006
Head of InstitutionAnup Kumar Singh
Regions activeHaryana, Madhya Pradesh
# Branches108

Total Portfolio (nat'l)INR 1,204,379,246
Total Portfolio (USD)USD 22,724,136.72
Active clients with loans158,243
Approximate % female clients100%
Approximate % urban clients0% - 20%
Network affiliationsSa-Dhan, SAMN, MFIN, ACTED

Loan Products » Summary

Hitimu
177 Borrowers
USD 36,426.97 Portfolio
Active Product
Imarika
339 Borrowers
USD 212,004.75 Portfolio
Active Product
Mama Plus
1,362 Borrowers
USD 331,099.98 Portfolio
Active Product
Mifugo
176 Borrowers
USD 75,449.82 Portfolio
Active Product
Msingi
8,244 Borrowers
USD 2,621,006.47 Portfolio
Active Product
Upesi
715 Borrowers
USD 98,801.78 Portfolio
Active Product
Biashara
156 Borrowers
USD 1,304,347.83 Portfolio
Active Product

Loan Products » Summary

Income
152,607 Borrowers
USD 21,114,947.77 Portfolio
Active Product
Individual
3,843 Borrowers
USD 1,555,442.60 Portfolio
Active Product
Utility
1,793 Borrowers
USD 53,746.34 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 10,000 - 80,000 3 - 12 40% - 60% 40% - 60% Education Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Imarika Loan KES 50,000 - 200,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mama Plus Loan KES 10,000 - 200,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Mifugo Loan KES 50,000 - 100,000 9 - 12 40% - 60% 40% - 60% Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Msingi Loan KES 20,000 - 300,000 3 - 18 40% - 60% 40% - 60% Business, Agriculture Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Upesi Loan KES 10,000 - 50,000 3 - 6 40% - 60% 40% - 60% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training, Other Training
Biashara Loan KES 300,000 - 3,000,000 18 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Income Generating Loan INR 7,200 - 19,650 12.2 - 23.33 100% 0% - 20% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins
Individual Loan INR 20,000 - 50,000 12 - 24 100% 0% Business Women, Have business Credit Educ, Credit Ins
Utility Finance INR 1,000 - 6,770 3.55 - 8.88 100% 20% - 40% Any Purpose Women Credit Educ, Group Mtgs, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47

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
Income Generating Loan 25% - 25.4% 26.2% - 26.6% 27.5% - 28.8% Yes Yes Yes 100
Individual Loan 25.6% - 26.1% 26.5% - 27% 27.5% - 28.1% Yes Yes Yes 100
Utility Finance 23% - 26.2% 25.6% - 30.2% 26% - 30.7% Yes Yes NA 92
*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
Income Generating Loan 26.0% annual, Decl Bal 1 Fee 1 Ins None N/A 26.2% - 26.6% 27.5% - 28.8% 92
Individual Loan 26.0% annual, Decl Bal 1 Fee 1 Ins None N/A 26.5% - 27% 27.5% - 28.1% 93
Utility Finance 23.1%-26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 25.6% - 30.2% 26% - 30.7% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 42.4% - 43.9% 81.1% - 122.3% 23
Imarika Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 200.00 ongoing 42% - 42.9% 64% - 77.2% 31
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 100.00 ongoing 20.2% - 24.4% 33.3% - 57.4% 18
Mifugo Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 42.9% - 44% 86.3% - 96.4% 24
Msingi Loan 22.0% annual, Flat 1 Fee 1 Ins Ins None 10.0%-25.0% upfront 40.8% - 44% 66.5% - 80.6% 30
Upesi Loan 24.0% annual, Flat 0 Fees 0 Ins Ins None N/A 39.4% - 40.7% 39.4% - 40.7% 60
Biashara Loan 22.0% annual, Flat 2 Fees 1 Ins Ins None 1,000.00 ongoing 42.2% - 44.1% 46.2% - 48.2% 47

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
Income Generating Loan 25% - 25.4% 26.2% - 26.6% 27.5% - 28.8% Yes Yes Yes 100
Individual Loan 25.6% - 26.1% 26.5% - 27% 27.5% - 28.1% Yes Yes Yes 100
Utility Finance 23% - 26.2% 25.6% - 30.2% 26% - 30.7% Yes Yes NA 92
*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
Income Generating Loan 26.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 26.2% - 26.6% 27.5% - 28.8% 92
Individual Loan 26.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 26.5% - 27% 27.5% - 28.1% 93
Utility Finance 23.1%-26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 25.6% - 30.2% 26% - 30.7% 80
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