2. Trident
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

Trident Microfin Limited DNO:11-8-15,MIG-33,SHREE SAI ARCADE,1ST & 2ND FLOORS,SAROORNAGAR,HYDERABAD, ANDHRA PRADESH500035
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Product

Crop Loans to Farmer Groups Product 2 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 6,009,831
Portfolio (USD)USD 133,551.80
Active Clients with Loans1,394
Approximate % Female Clients0% - 20%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Crop loans are also serviced through JLG model and lent to 5 member groups specifically for raising crops. The eligibility criteria of crop loans are that a client should have minimum of 2 acres of land either in the client's or family member's name.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherLoan is given for inputs required for harvesting
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
OtherEvery client undergoes a 4 day financial literacy training program before loan disbursement
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
OtherThe loan is also given to clients in rented accomadation who have stayed in that locality for more t
Other (2)Out of a group of 5 members ,4 members should have own house
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 6,000
Maximum loan size25,000
Loan Term and Grace Period
Shortest loan term10.0 months
Longest loan term12.0 months
Approx average11.0 months
Grace Period
Grace period usage50%
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest21.00%
Highest quoted nominal interest21.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fees
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAdministrative Charges for Insurance Rs 10 per Rs 1000 sum assured per year per year.
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min90
Fixed amount - max375
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
(a) The major reason that there is insistence for clients to have own house is majority of clients profiles are migrants and if loans are given to people in rented accomadation it becomes very difficult for recovery and tracking them down. (b) 6 Days for interest, 21 days or January 3th whichever is earlier for principal is the moratorium period for crop loans.\r

Full Pricing Data

Crop Loans to Farmer Groups samples
No sample data for this product
Crop Loans to Farmer Groups Price Graphs
No sample data for this product
  2. Action
Please note that the information you are viewing is 146 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Action Now Kenya P.O. Box 8576Nairobi
Data approved: 2013-06-25
Data version: 2
Age of data: 146 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.ank.or.ke
Year established2001
Head of InstitutionIrene Kamau
Regions activeNairobi, Rift Valley
# Branches3

Total Portfolio (nat'l)KES 4,973,979
Total Portfolio (USD)USD 60,072.21
Active clients with loans127
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliations
Funders

Loan Products » Summary

Individual
Retired Product
This institution does not currently offer microloans, reported to MFTransparency on 2013-06-25
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Loan Portfolio (USD)
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% Products with one or more insurances
% Products with compulsory deposits
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