Please note that the information you are viewing is
163 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2011-12-12
Data version: 1
Age of data: 163 months
Key Statistics
Outstanding portfolio (ZMK) | ZMK 8,463,142,196 |
Portfolio (USD) | USD 1,635,389.80 |
Active Clients with Loans | 1,909 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Methodology
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other | |
Description
Loan term is from 3 to 24 months. Minimum amount is K2,000,000 and maximum is K250,000,000. Client has collateral for the borrowing.
Loan Purpose
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) | |
Included Services
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | x |
Business training | x |
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 | |
Other | |
Other (2) | |
Portfolio Size by Product
Geographic Coverage
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active | |
Loan Conditions
Loan Amount
Currency | ZMK |
Minimum loan size | ZMK 2,000,000 |
Maximum loan size | 250,000,000 |
Loan Term and Grace Period
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Grace Period
Grace period usage | 100% |
Average grace period | 1.0 month |
Repayment Frequency
Daily | |
Weekly | |
Every 2 weeks | |
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 | 5.00% |
Highest quoted nominal interest | 6.50% |
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 | | Fee 2 |
---|
Description | Processing fees/Admin fee | | Ntula |
% of loan amount - min | 3.80% | | 0.90% |
% of loan amount - max | 3.80% | | 3.00% |
OR, Fixed amount - min | 0 | | 0 |
Fixed amount - max | 0 | | 0 |
Reason for variation | N/A | | N/A |
Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
| Ins 1 |
---|
Description | Credit Life Insurance |
% of loan amount - min | 0.44% |
% of loan amount - max | 1.90% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Deposits DURING period payments
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | |
Interest Paid on Deposit
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Taxes
Are taxes charged on this product? | No |
Additional Comments
Loan Security Fee ranges from 1% to 2%. Ntula has been calculated at 2.41%
Full Pricing Data
Individual Loan samples
| Sample 1 | | Sample 2 | | Sample 3 |
---|
Loan Amount | ZMK 4,500,000 | | ZMK 5,000,000 | | ZMK 10,000,000 |
Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known |
Disbursement Date | 2011-09-01 | | 2011-08-29 | | 2011-07-07 |
Loan Term (Months) | 6.0 months | | 6.0 months | | 12.0 months |
Grace Period (Months) | 0.0 months | | 0.0 months | | 0.0 months |
Total Cost of Credit | Not Known | | Not Known | | Not Known |
True Price by Comp | | | | | |
Interest and Fee Component | 141.3% | | 140.3% | | 138.3% |
Insurance Component | 8.7% | | 8.6% | | 5.2% |
Tax Component | 0.0% | | 0.0% | | 0.0% |
Deposit Component | 27.5% | | 27.4% | | 23.8% |
Full APR (int fee ins tax dep) | 177.5% | | 176.3% | | 167.4% |
Transparency Index | 34 | | 34 | | 36 |
| | | | | |
Original Repayment Schedule | PDF | | PDF | | PDF |
MFT Pricing Calculation | PDF | | PDF | | PDF |
Individual Loan Price Graphs
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
Data approved: 2013-07-16
Data version: 3
Age of data: 139 months
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.ffslmfi.com/ |
Year established | 2007 |
Head of Institution | G. Dashratha Reddy |
Regions active | Andhra Pradesh, Karnataka |
# Branches | 110 |
Total Portfolio (nat'l) | INR 2,041,266,962 |
Total Portfolio (USD) | USD 38,514,470.98 |
Active clients with loans | 179,620 |
Approximate % female clients | 100% |
Approximate % urban clients | 0 |
Network affiliations | MFIN, Sa-Dhan |
145,779 Borrowers
USD 34,208,015.87 Portfolio
Active Product
4,872 Borrowers
USD 1,511,297.36 Portfolio
Active Product
Loan Products » Conditions
Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
Monthly Loan |
|
INR 12,000 - 30,000 |
|
19 - 26 |
|
100% |
|
0% |
|
Business |
|
Women |
|
Group Mtgs, Credit Ins, Other Training |
Fortnightly Loan |
|
INR 12,000 - 30,000 |
|
19 - 26 |
|
100% |
|
100% |
|
Business |
|
Women |
|
Group Mtgs, Credit Ins, Other 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 |
Monthly Loan |
|
24.7% - 25.6% |
|
26% - 26.7% |
|
29.8% - 30.8% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
Fortnightly Loan |
|
27.6% - 27.7% |
|
28.8% - 29% |
|
33.2% - 33.4% |
|
Yes |
|
Yes |
|
Yes |
|
94 |
Loan Products » Pricing Information
Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
Monthly Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
26% - 26.7% |
|
29.8% - 30.8% |
|
85 |
Fortnightly Loan |
|
26.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
28.8% - 29% |
|
33.2% - 33.4% |
|
78 |