| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.sumfindia.com/ |
| Year established | 2001 |
| Head of Institution | Prakash Banerjee |
| Regions active | |
| # Branches | 66 |
| Total Portfolio (nat'l) | INR 291,437,465 |
| Total Portfolio (USD) | USD 5,498,820.09 |
| Active clients with loans | 61,128 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Small Loan product (12.5%) | INR 6,000 - 20,000 | 10.5 | 80% - 100% | 20% - 40% | Business, Housing, Consumer, Education, Other, Cottage, Medical ,Marriage, Agri-Allied Business | Women, Have business, Have home or land | Credit Ins |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Small Loan product (12.5%) | 0 | 31.9% | 40.7% - 40.8% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Small Loan product (12.5%) | 12.5% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 31.9% | 40.7% - 40.8% | 31 |
| Outstanding portfolio (KES) | KES 10,663,461.57 |
| Portfolio (USD) | USD 128,785.77 |
| Active Clients with Loans | 20 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
