2. FFSL
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  2. ARDI
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Future Financial Servicess Ltd. #17/1, GRA Tower, Ambalipura Main RoadOff. Sarjapur Road, Agara PostBangalore, KarnatakaPO Box 560 103
Data approved: 2013-07-16
Data version: 3
Age of data: 134 months
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Institution

Fondation ARDI pour le microcrédit Angle avenue HassaII et rue TranTémara-centreRabat212
Data approved: 2013-05-13
Data version: 1
Age of data: 128 months

Product

Fortnightly Loan Product 5 of 5 « Prev | Next »

Product

Crédit Solidaire Product 1 of 2 « Prev | Next »

Product Summary

Number borrowers4,872
Loan Amount (range)INR 12,000 - 30,000
Loan Term (range)19 - 26
Other Services (text summary)Group Mtgs, Credit Ins, Other Training
Annual Interest & Method26.0% annual, Decl Bal
Fees1.00% upfront
Insurance410.00-1,109.00 upfront
Tax12.36% fees
Comp DepN/A
Range of pricing 
Interest Price Component24.7% - 27.7%
Fee Component1.1% - 1.4%
Insurance Component3.6% - 4.4%
Tax Component Range0.1% - 0.2%
Full APR (int fee ins tax dep)33.2% - 33.4%
Transparency Index (min/max)78 - 87
Transparency Index (average)78

Product Summary

112,419
MAD 1,000 - 20,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training
24.0% annual, Flat
30.00-125.00 upfront
0.22%-0.71% upfront
None
N/A
 
35.1% - 41.9%
0.3% - 9.4%
0.1% - 2.0%
0
42.4% - 52.0%
46 - 61
53

Product Details

Key Statistics
Outstanding portfolio (INR)INR 80,098,760
Portfolio (USD)USD 1,511,297.36
Active Clients with Loans4,872
Approximate % Female Clients100%
Approximate % Urban Clients100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Loan has to be disposed with fortnightly payment
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product1
Regions ActiveKarnataka

Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 247,744,373
Portfolio (USD)USD 29,146,396.82
Active Clients with Loans112,419
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Prêt destiné aux groupes solidaires de 2 à 7 personnes qui se cautionnent mutuellement
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 insurancex
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
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 institution12
# Regions for this product12
Regions ActiveTangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,00070%
INR 25,000-35,00030%
INR 35,000-45,0000
Greater than INR 45,0000
Loan Term and Grace Period
Shortest loan term19.0 months
Longest loan term26.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 1,000
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,00060%
MAD 5,000-15,00040%
MAD 15,000-25,0000
MAD 25,000-35,0000
MAD 35,000-45,0000
Greater than MAD 45,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months15%
Between 7 and 9 months15%
Between 10 and 12 months60%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period2.0 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee (Borrower & Guarantor)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min410
Fixed amount - max1,109
Reason for variationPremium varies with loan size and loan tenure
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome
Additional Comments
FFSL displays Effective Annualized Cumulative Rates in the passbook. EACR as mentioned for the product varies 30.86% to 31.3%

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest2.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionFrais de dossier
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30
Fixed amount - max125
Reason for variationEn fonction du montant du prêt (par tranche)
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionFrais d'assurance décés-invalidité totale
% of loan amount - min0.22%
% of loan amount - max0.71%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationReason for variation not provided
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Fortnightly Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 15,000INR 15,000INR 25,000INR 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-092013-05-092013-05-092013-04-19
Loan Term (Months)17.0 months17.0 months23.0 months23.0 months
Grace Period (Months)0.1 months0.1 months0.1 months0.1 months
Total Cost of CreditINR 3,764INR 3,764INR 8,375INR 6,684
True Price by Comp       
Interest price component27.6%27.6%27.7%27.7%
Fee Component1.4%1.4%1.1%1.1%
Insurance Component4.2%4.2%4.4%4.2%
Tax Component0.2%0.2%0.2%0.2%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.4%33.4%33.4%33.2%
MFIN MFI Earning (Annualised)29.0%29.0%28.8%28.8%
MFIN Cost to Borrower (Annualised)33.4%33.4%33.4%33.2%
Transparency Index78787878
MFIN Transparency Index94949494
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Crédit Solidaire samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountMAD 1,000MAD 3,000MAD 5,000MAD 10,000MAD 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-222013-04-042013-03-152013-05-132013-04-22
Loan Term (Months)6.0 months9.0 months18.0 months12.0 months18.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditMAD 158MAD 609MAD 1,876MAD 2,516MAD 7,396
True Price by Comp         
Interest price component41.9%41.9%41.6%41.7%41.7%
Fee Component9.4%3.6%1.0%1.2%0.5%
Insurance Component0.7%0.7%0.2%0.3%0.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)52.0%46.2%42.8%43.2%42.4%
Transparency Index4652565657
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Fortnightly Loan Price Graphs


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Crédit Solidaire Price Graphs


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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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Total Borrrowers of Samples
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By Country

Total Borrowers of Samples

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