Institution

Bandhan Financial Services Private Limited DN-32, Sector-V,Salt Lake CityKolkata, West Bengal700091
Data approved: 2013-01-16
Data version: 2
Age of data: 79 months

Institution

Lower Pra Rural Bank Limited ShamaWestern RegionPO Box SH 18
Data approved: 2011-12-07
Data version: 1
Age of data: 97 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.bandhanmf.com/
Year established2002
Head of InstitutionChandra Shekhar Ghosh
Regions activeAssam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West BengalDadra and Nagar Haveli, National Capital Territory of Delhi
# Branches1700

Total Portfolio (nat'l)INR 35,934,903,405
Total Portfolio (USD)USD 678,017,045.40
Active clients with loans4,039,061
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsSa-dhan, MFIN, Alpha Microfinance Consultants(P) Ltd. (Alpha), AMFI (Association of Microfinance Institutions), W.B

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.lowerpraruralbank.com/
Year established1983
Head of InstitutionIsaac Kwamina Afful
Regions active
# Branches14

Total Portfolio (nat'l)GHS 12,443,472
Total Portfolio (USD)USD 6,316,483.25
Active clients with loans34,056
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, ARB APEX
Funders

Loan Products » Summary

10,282 Borrowers
USD 1,703,540.74 Portfolio
Active Product
3,183,754 Borrowers
USD 394,083,435.40 Portfolio
Active Product
851,819 Borrowers
USD 278,595,779.20 Portfolio
Active Product
2,575 Borrowers
USD 100,107.23 Portfolio
Active Product
231 Borrowers
USD 81,195.98 Portfolio
Active Product

Loan Products » Summary

13,529 Borrowers
USD 2,093,440.10 Portfolio
Active Product
17,746 Borrowers
USD 3,895,317.77 Portfolio
Active Product
2,781 Borrowers
USD 327,725.89 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Suraksha Loan (Health Loan) INR 1,000 - 10,000 12 100% 20% - 40% Other, It can be used only for emergency health needs. , Can NOT be used for business Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Suchana Loan INR 1,000 - 15,000 12 100% 20% - 40% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Srishti Loan INR 16,000 - 50,000 24 100% 20% - 40% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must be 18 years to 60 years Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Susikhsha Loan INR 1,000 - 10,000 12 100% 20% - 40% Education Women, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have completed 1 loan cycle Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness
Fisheries Loan INR 10,000 - 50,000 12 - 24 80% - 100% 20% - 40% Business Women, Men, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Must have an access to waterland Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Group Leadership Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Micro Loan GHS 1,000 - 30,000 1 - 12 20% - 40% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan GHS 500 - 11,000 1 - 60 40% - 60% 80% - 100% Business Women, Men Credit Ins
Susu Loan GHS 200 - 3,500 1 - 12 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins, Tech Asst Visits, Market trends

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
Suraksha Loan (Health Loan) 19.8% - 19.9% 21.9% - 22.1% 22.2% - 22.3% Yes Yes Yes 100
Suchana Loan 21.8% - 22.9% 23.8% - 25% 25.1% - 26.2% Yes Yes Yes 100
Srishti Loan 22.5% - 22.9% 23.5% - 24% 24.7% - 25.2% Yes Yes Yes 100
Susikhsha Loan 19.8% - 20.1% 21.9% - 22.3% 22.2% - 22.5% Yes Yes Yes 100
Fisheries Loan 22.7% - 23.8% 23.7% - 25.4% 24.7% - 26.4% Yes Yes Yes 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Suraksha Loan (Health Loan) 20.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 21.9% - 22.1% 22.2% - 22.3% 90
Suchana Loan 22.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.8% - 25% 25.1% - 26.2% 88
Srishti Loan 22.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.5% - 24% 24.7% - 25.2% 92
Susikhsha Loan 20.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 21.9% - 22.3% 22.2% - 22.5% 89
Fisheries Loan 22.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.7% - 25.4% 24.7% - 26.4% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22

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
Suraksha Loan (Health Loan) 19.8% - 19.9% 21.9% - 22.1% 22.2% - 22.3% Yes Yes Yes 100
Suchana Loan 21.8% - 22.9% 23.8% - 25% 25.1% - 26.2% Yes Yes Yes 100
Srishti Loan 22.5% - 22.9% 23.5% - 24% 24.7% - 25.2% Yes Yes Yes 100
Susikhsha Loan 19.8% - 20.1% 21.9% - 22.3% 22.2% - 22.5% Yes Yes Yes 100
Fisheries Loan 22.7% - 23.8% 23.7% - 25.4% 24.7% - 26.4% Yes Yes Yes 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Suraksha Loan (Health Loan) 20.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 21.9% - 22.1% 22.2% - 22.3% 90
Suchana Loan 22.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 23.8% - 25% 25.1% - 26.2% 88
Srishti Loan 22.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 23.5% - 24% 24.7% - 25.2% 92
Susikhsha Loan 20.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 21.9% - 22.3% 22.2% - 22.5% 89
Fisheries Loan 22.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 23.7% - 25.4% 24.7% - 26.4% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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