Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.basixindia.com/ |
Year established | 1996 |
Head of Institution | Mr. Vijaymahajan |
Regions active | Andhra Pradesh, Bihar, Chhattisgarh, GujaratJharkhand, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal |
# Branches | 188 |
Total Portfolio (nat'l) | INR 2,414,154 |
Total Portfolio (USD) | USD 45,550.08 |
Active clients with loans | 396,861 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MFIN, Sadhan |
Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1998 |
Head of Institution | Mr Tarekegn Bache |
Regions active | |
# Branches | 20 |
Total Portfolio (nat'l) | ETB 37,000,000 |
Total Portfolio (USD) | USD 2,010,869.57 |
Active clients with loans | 52,914 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AEMFI, MAIN |
Funders | Irish Aid (initially), Care Ethiopia |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samruddhi Agri Allied Loan | INR 15,000 - 50,000 | 23 - 24 | 60% - 80% | 0% - 20% | Business, Agriculture, For improving dairy livelihoods and buying inputs, purchase of mulch animals,procurement of fodder | Women, Men, Joint Liability Group | Credit Ins | |||||||
Samruddhi Crop Loan | INR 10,000 - 15,000 | 11 | 20% - 40% | 0% - 20% | Business, Agriculture | Women, Men, All farmers/tenant farmers engaged in field crop cultivation | Credit Ins | |||||||
Samruddhi Micro Enterprise (NFS) Loan | INR 15,000 - 50,000 | 23 - 24 | 60% - 80% | 0% - 20% | Business, For establishment cost,fixed cost,working capital | Women, Men | Credit Ins |
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 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samruddhi Agri Allied Loan | 23.8% | 24.5% - 24.8% | 28.5% - 29.5% | Yes | Yes | Yes | 100 | |||||||
Samruddhi Crop Loan | 22.9% - 23% | 24.7% - 24.8% | 29.1% - 29.2% | Yes | Yes | Yes | 100 | |||||||
Samruddhi Micro Enterprise (NFS) Loan | 23.7% - 23.8% | 24.5% - 24.7% | 28.9% - 29.3% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samruddhi Agri Allied Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins | 12.36% fees | N/A | 24.5% - 24.8% | 28.5% - 29.5% | 83 | ||||||||
Samruddhi Crop Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins | 12.36% fees | N/A | 24.7% - 24.8% | 29.1% - 29.2% | 82 | ||||||||
Samruddhi Micro Enterprise (NFS) Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins | 12.36% fees | N/A | 24.5% - 24.7% | 28.9% - 29.3% | 82 |
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 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samruddhi Agri Allied Loan | 23.8% | 24.5% - 24.8% | 28.5% - 29.5% | Yes | Yes | Yes | 100 | |||||||
Samruddhi Crop Loan | 22.9% - 23% | 24.7% - 24.8% | 29.1% - 29.2% | Yes | Yes | Yes | 100 | |||||||
Samruddhi Micro Enterprise (NFS) Loan | 23.7% - 23.8% | 24.5% - 24.7% | 28.9% - 29.3% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Samruddhi Agri Allied Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins Ins | 12.36% fees | N/A | 24.5% - 24.8% | 28.5% - 29.5% | 83 | ||||||||
Samruddhi Crop Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins Ins | 12.36% fees | N/A | 24.7% - 24.8% | 29.1% - 29.2% | 82 | ||||||||
Samruddhi Micro Enterprise (NFS) Loan | 24.0% annual, Decl Bal | 1 Fee | 2 Ins Ins | 12.36% fees | N/A | 24.5% - 24.7% | 28.9% - 29.3% | 82 |
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 |
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