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Institution

Omo Microfinance Head OfficeHawassaPO Box 353
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

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: 133 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1998
Head of InstitutionRomedan Mohammed
Regions active
# Branches170

Total Portfolio (nat'l)ETB 585,102,740
Total Portfolio (USD)USD 31,799,061.96
Active clients with loans327,888
Approximate % female clients20% - 40%
Approximate % urban clients40% - 60%
Network affiliationsAEMFI
FundersRegional Government, Wondo Company, Association of Southern Peoples

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

170,500 Borrowers
USD 16,535,434.78 Portfolio
Active Product
4,000 Borrowers
USD 381,586.96 Portfolio
Active Product
1,600 Borrowers
USD 158,994.57 Portfolio
Active Product
147,500 Borrowers
USD 14,309,510.87 Portfolio
Active Product

Loan Products » Summary

152,607 Borrowers
USD 21,114,947.77 Portfolio
Active Product
3,843 Borrowers
USD 1,555,442.60 Portfolio
Active Product
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
Rural Agriculture Loan ETB 2,000 - 50,000 12 - 36 20% - 40% 0% - 20% Business, Agriculture Women, Men Credit Educ, Group Mtgs, Credit Ins
Rural Petty Trade Loan ETB 2,000 - 50,000 12 - 36 20% - 40% 0% - 20% Business Women, Men Credit Educ, Group Mtgs, Credit Ins
Small Investment Loan ETB 2,000 - 20,000 12 - 36 0% - 20% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Urban Loan ETB 2,000 - 50,000 12 - 36 40% - 60% 80% - 100% Any Purpose Women, Men Credit Educ, Group Mtgs, Credit Ins

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
Rural Agriculture Loan 18.0% annual, Decl Bal 1 Fee 1 Ins None 5.0%-10.0% upfront 6.00 ongoing 20.2% - 28.7% 25% - 35.7% 64
Rural Petty Trade Loan 15.0% annual, Flat 1 Fee 1 Ins None 5.0%-10.0% upfront 6.00 ongoing 11.3% - 22.5% 14.8% - 29% 65
Small Investment Loan 15.0% annual, Flat 1 Fee 1 Ins None 5.0%-10.0% upfront 6.00 ongoing 11.7% 14.8% - 15.8% 99
Urban Loan 10.0% annual, Decl Bal 1 Fee 1 Ins None 5.0%-10.0% upfront 20.00 ongoing 11.7% - 11.8% 17.1% - 17.7% 57

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

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
Rural Agriculture Loan 18.0% annual, Decl Bal 1 Fee 1 Ins Ins None 5.0%-10.0% upfront 6.00 ongoing 20.2% - 28.7% 25% - 35.7% 64
Rural Petty Trade Loan 15.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-10.0% upfront 6.00 ongoing 11.3% - 22.5% 14.8% - 29% 65
Small Investment Loan 15.0% annual, Flat 1 Fee 1 Ins Ins None 5.0%-10.0% upfront 6.00 ongoing 11.7% 14.8% - 15.8% 99
Urban Loan 10.0% annual, Decl Bal 1 Fee 1 Ins Ins None 5.0%-10.0% upfront 20.00 ongoing 11.7% - 11.8% 17.1% - 17.7% 57

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

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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