Institution

Arman Financial Services Limited 502-3-4, Sakar IIIOff. Ashram Road,Opp. Old High CourtAhmedabad, GujaratPO Box 380014
Data approved: 2012-11-21
Data version: 2
Age of data: 78 months

Institution

Sekam Trust International Tulaku, behind Amal BankPBM 16AF, Adenta FlatsAshaiman, Greater Accra
Data approved: 2013-03-15
Data version: 2
Age of data: 79 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.armanindia.com/
Year established1992
Head of InstitutionJayendra Patel
Regions activeGujarat
# Branches24

Total Portfolio (nat'l)INR 28,042,700,000
Total Portfolio (USD)USD 529,107,547.20
Active clients with loans41,503
Approximate % female clients100%
Approximate % urban clients40% - 60%
Network affiliationsMFIN, Sa-Dhan

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.sekamtrustghana.org/
Year established2008
Head of InstitutionSiegfried Kofi Gbadago
Regions activeGreater Accra Region
# Branches2

Total Portfolio (nat'l)GHS 271,000
Total Portfolio (USD)USD 137,563.45
Active clients with loans621
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGCSCA, ASSFIN
FundersIntent Foundation

Loan Products » Summary

41,503 Borrowers
USD 529,107,547.20 Portfolio
Active Product

Loan Products » Summary

256 Borrowers
USD 63,451.78 Portfolio
Active Product
365 Borrowers
USD 74,111.68 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan INR 8,000 - 15,000 12 100% 40% - 60% Business, Housing, Education, Other Women, Have home or land, Low HH Inc, Med HH Inc, Rural HH, Urban HH Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan GHS 500 - 3,000 2 - 12 60% - 80% 60% - 80% Business Women, Men, Have business, Usually must have run a business for at least 3 years Credit Ins
Group Loan GHS 200 - 500 3 - 6 80% - 100% 0% - 20% Business, Housing, Education Women, Men, Have business Book keeping 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
Group Loan 24.4% - 25.4% 26.3% - 27.3% 29.1% - 30.2% Yes Info awaited Info awaited 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 24.5%-26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.3% - 27.3% 29.1% - 30.2% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 60.00%-120.00% annual, Flat 2 Fees 1 Ins None 30.00% upfront 124.5% - 151.3% 230.8% - 268.3% 23
Group Loan 60.00%-96.00% annual, Flat 2 Fees 1 Ins None 20.00% upfront 174% - 180% 248.8% - 257.7% 23

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
Group Loan 24.4% - 25.4% 26.3% - 27.3% 29.1% - 30.2% Yes Info awaited Info awaited 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 24.5%-26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.3% - 27.3% 29.1% - 30.2% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 60.00%-120.00% annual, Flat 2 Fees 1 Ins Ins None 30.00% upfront 124.5% - 151.3% 230.8% - 268.3% 23
Group Loan 60.00%-96.00% annual, Flat 2 Fees 1 Ins Ins None 20.00% upfront 174% - 180% 248.8% - 257.7% 23
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