Please note that the information you are viewing is 131 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 131 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

Loan Products » Summary

41,503 Borrowers
USD 529,107,547.20 Portfolio
Active 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 » 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
Institution Price Graph
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kazama Grameen, Inc. Blk. 12, Lot 25, Sta. Monica SubdivisionSubic, Zambales2209
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Product

Project Loan 1 Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 65,000,000
Portfolio (USD)USD 1,555,023.92
Active Clients with Loans14,000
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help groupx
Other
Description
Intended for business/project as additional capital or for start-up capital
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# 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
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size14,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term6.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
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 deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
Access to deposits allowed on condition that 2% of the loan amount is maintained.

Full Pricing Data

Project Loan 1 samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 7,000PHP 8,000PHP 11,000PHP 14,000
Loan Cycle (1, 2, 3, etc)331112
Disbursement Date2011-07-212011-07-142011-07-072011-06-16
Loan Term (Months)5.4 months5.4 months5.4 months5.4 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component62.5%64.1%62.5%63.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component7.8%7.1%4.7%3.8%
Full APR (int fee ins tax dep)70.3%71.2%67.2%67.0%
Transparency Index43424545
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Project Loan 1 Price Graphs


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