| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2010 |
| Head of Institution | Maluba Handahu-Wakung'uma |
| Regions active | |
| # Branches | 2 |
| Total Portfolio (nat'l) | ZMK 3,373,101,754 |
| Total Portfolio (USD) | USD 651,807.10 |
| Active clients with loans | 4,950 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
| Funders | Moringaway, Concern Worldwide |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.smileltd.org |
| Year established | 1995 |
| Head of Institution | Mr. M. Sathiyamoorthi |
| Regions active | Tamil Nadu, Puducherry |
| # Branches | 151 |
| Total Portfolio (nat'l) | INR 3,017,141,968 |
| Total Portfolio (USD) | USD 56,927,206.94 |
| Active clients with loans | 360,271 |
| Approximate % female clients | 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Sa-Dhan, MFIN |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Term Loan | ZMK 400,000 - 1,500,000 | 6 - 12 | 40% - 60% | 0% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs | |||||||
| Flexi 1 | ZMK 400,000 - 2,000,000 | 3 - 12 | 40% - 60% | 0% | Business | Women, Men | Credit Educ, Group Mtgs |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Loan (IGP) | INR 5,000 - 30,000 | 6 - 24 | 100% | 40% - 60% | Business | Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH | Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Term Loan | 60.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 7.0% upfront | 64.2% - 68.6% | 69.1% - 73.9% | 84 | ||||||||
| Flexi 1 | 66.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0% upfront | 76% - 79.1% | 91% - 95.2% | 70 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Loan (IGP) | 25.2% - 26% | 26.8% - 27.9% | 28.7% - 30.9% | Yes | Yes | Info awaited | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Loan (IGP) | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | 12.36% fees | N/A | 26.8% - 27.9% | 28.7% - 30.9% | 88 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| End of Term Loan | 60.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 7.0% upfront | 64.2% - 68.6% | 69.1% - 73.9% | 84 | ||||||||
| Flexi 1 | 66.0% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 76% - 79.1% | 91% - 95.2% | 70 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Loan (IGP) | 25.2% - 26% | 26.8% - 27.9% | 28.7% - 30.9% | Yes | Yes | Info awaited | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Loan (IGP) | 26.0% annual, Decl Bal | 1 Fee | 1 Ins Ins | 12.36% fees | N/A | 26.8% - 27.9% | 28.7% - 30.9% | 88 |
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