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Institution

Sidama MFI Head OfficeHawassaPO Box 565
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution

Janalakshmi Financial Services (P) Ltd. Rajashree Saroja Plaza, 34/1, Andree Road,ShanthinagarBangalore, Karnataka560027
Data approved: 2013-05-03
Data version: 2
Age of data: 131 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1998
Head of InstitutionMr Tarekegn Bache
Regions active
# Branches20

Total Portfolio (nat'l)ETB 37,000,000
Total Portfolio (USD)USD 2,010,869.57
Active clients with loans52,914
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI, MAIN
FundersIrish Aid (initially), Care Ethiopia

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.janalakshmi.com/
Year established2006
Head of InstitutionVS Radhakrishnan
Regions activeGujarat, Haryana, Karnataka, Madhya Pradesh, MaharashtraPunjab, Tamil Nadu, Uttar Pradesh, National Capital Territory of Delhi
# Branches66

Total Portfolio (nat'l)INR 6,311,118,034
Total Portfolio (USD)USD 119,077,698.80
Active clients with loans506,075
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsMFIN, AKMI

Loan Products » Summary

15,345 Borrowers
USD 703,804.35 Portfolio
Active Product
6,350 Borrowers
USD 36,195.65 Portfolio
Active Product
8,465 Borrowers
USD 30,163.04 Portfolio
Active Product
6,350 Borrowers
USD 28,152.17 Portfolio
Active Product
16,403 Borrowers
USD 361,956.52 Portfolio
Active Product
530 Borrowers
USD 2,010.87 Portfolio
Active Product

Loan Products » Summary

161 Borrowers
USD 37,515.45 Portfolio
Active Product
505,914 Borrowers
USD 119,040,183.30 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Loan ETB 300 - 50,000 3 - 24 0% - 20% 0% - 20% Business, Agriculture Women, Men Credit Educ, Group Mtgs, Credit Ins
General Loan ETB 300 - 10,000 12 40% - 60% 20% - 40% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
Housing Loan ETB 10,000 - 100,000 12 - 24 0% - 20% 80% - 100% Housing Women, Men, Have home or land Credit Ins
Micro and Small Enterprise Loan ETB 300 - 50,000 3 - 24 0% - 20% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Petty Trade Loan ETB 300 - 100,000 3 - 24 20% - 40% 40% - 60% Business Women, Men, Have home or land Credit Educ, Group Mtgs, Credit Ins
Service Loan ETB 300 - 100,000 12 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Education Loan INR 5,000 - 20,000 12 - 24 60% - 80% 60% - 80% Education Women, Men, Must have children who are studying until the age of 24 yrs. Credit Educ
Small Group Loan INR 5,000 - 50,000 12 - 24 100% 100% Business, Housing, Consumer, Education, Other Women, Group members must live within each other's vicinity., Must demonstrate capacity to repay. Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 12.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 35.6% - 40.4% 41.9% - 48.8% 27
General Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 35.6% - 35.7% 42.8% - 46.9% 40
Housing Loan 15.0%-18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.6% 34.5% - 44.2% 41
Micro and Small Enterprise Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.6% - 35.5% 32.9% - 41.8% 51
Petty Trade Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.7% 32.9% - 43.7% 48
Service Loan 18.0% annual, Flat 1 Fee 1 Ins None 6.0% upfront 20.00 ongoing 28.7% - 28.8% 32.9% - 33.1% 54

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
Education Loan 27.5% - 28% 33% - 33.9% 40.4% - 41.8% NA NA NA 86
Small Group Loan 27.9% - 29.6% 28.9% - 31.5% 30.4% - 33.4% Yes Yes Yes 92

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Education Loan 24.0% annual, Decl Bal 2 Fees 0 Ins 12.36% fees 10.0% upfront 33% - 33.9% 40.4% - 41.8% 58
Small Group Loan 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28.9% - 31.5% 30.4% - 33.4% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Loan 12.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 35.6% - 40.4% 41.9% - 48.8% 27
General Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 35.6% - 35.7% 42.8% - 46.9% 40
Housing Loan 15.0%-18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.6% 34.5% - 44.2% 41
Micro and Small Enterprise Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.6% - 35.5% 32.9% - 41.8% 51
Petty Trade Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 35.7% 32.9% - 43.7% 48
Service Loan 18.0% annual, Flat 1 Fee 1 Ins Ins None 6.0% upfront 20.00 ongoing 28.7% - 28.8% 32.9% - 33.1% 54

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
Education Loan 27.5% - 28% 33% - 33.9% 40.4% - 41.8% NA NA NA 86
Small Group Loan 27.9% - 29.6% 28.9% - 31.5% 30.4% - 33.4% Yes Yes Yes 92

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Education Loan 24.0% annual, Decl Bal 2 Fees 0 Ins Ins 12.36% fees 10.0% upfront 33% - 33.9% 40.4% - 41.8% 58
Small Group Loan 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 28.9% - 31.5% 30.4% - 33.4% 83
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