| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.armanindia.com/ |
| Year established | 1992 |
| Head of Institution | Jayendra Patel |
| Regions active | Gujarat |
| # Branches | 24 |
| Total Portfolio (nat'l) | INR 28,042,700,000 |
| Total Portfolio (USD) | USD 529,107,547.20 |
| Active clients with loans | 41,503 |
| Approximate % female clients | 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | MFIN, Sa-Dhan |
| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 2003 |
| Head of Institution | SHEDEHWA OPTAT |
| Regions active | 0 |
| # Branches | 1 |
| Total Portfolio (nat'l) | TZS 4,600,000,000 |
| Total Portfolio (USD) | USD 3,066,666.67 |
| Active clients with loans | 12,963 |
| Approximate % female clients | 20% - 40% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | COMMUNITY BANK ASSOCIATION (CBA) |
| Funders | FINANCIAL SECTOR DEEPENING, AGRICULTURAL TRUST FUND(AGTF) |
| 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 |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | TZS 300,000 - 6,000,000 | 12 | 60% - 80% | 40% - 60% | ||||||||||
| Small Business Loan | TZS 1,000,000 - 45,000,000 | 3 - 18 | 20% - 40% | 60% - 80% | ||||||||||
| Solidarity Group Loan | TZS 500,000 - 3,500,000 | 1 - 12 | 40% - 60% | 20% - 40% |
| 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 |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | 24.00%-0.00% annual, Flat | 1 Fee | 1 Ins | N/A | 48.6% - 48.8% | 51.9% - 52.1% | 46 | |||||||||
| Small Business Loan | 10.00%-0.00% annual, Flat | 3 Fees | 1 Ins | N/A | 49.5% - 49.8% | 50.1% - 53.1% | 19 | |||||||||
| Solidarity Group Loan | 10.00%-0.00% annual, Flat | 2 Fees | 1 Ins | 55.2% - 103.6% | 114% - 169% | 7 |
| 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 |
| 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 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Loan | 24.00%-0.00% annual, Flat | 1 Fee | 1 Ins Ins | N/A | 48.6% - 48.8% | 51.9% - 52.1% | 46 | |||||||||
| Small Business Loan | 10.00%-0.00% annual, Flat | 3 Fees | 1 Ins Ins | N/A | 49.5% - 49.8% | 50.1% - 53.1% | 19 | |||||||||
| Solidarity Group Loan | 10.00%-0.00% annual, Flat | 2 Fees | 1 Ins Ins | 55.2% - 103.6% | 114% - 169% | 7 |
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