Institution

Future Financial Services Ltd. 4-368/1,C.B. RoadAndhra Pradesh, Andhra Pradesh517002
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 79 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.ffslmfi.com/
Year established2007
Head of InstitutionG. Dashrath Reddy
Regions active0
# Branches83

Total Portfolio (nat'l)INR 2,410,743,660
Total Portfolio (USD)USD 53,572,081.33
Active clients with loans270,185
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliations

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.firstalliedghana.com
Year established1996
Head of InstitutionNana Yaw Oduro
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region
# Branches21

Total Portfolio (nat'l)GHS 27,673,204.91
Total Portfolio (USD)USD 14,047,312.14
Active clients with loans13,585
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsGhana Microfinance Institutions Network, Ghana Employers Association, Ghana National Chamber of Commerce and Industry
Funders

Loan Products » Summary

2,615 Borrowers
USD 493,644 Portfolio
Active Product
20,684 Borrowers
USD 1,927,771 Portfolio
Active Product
150,704 Borrowers
USD 34,082,156 Portfolio
Active Product
116,866 Borrowers
USD 17,068,510 Portfolio
Active Product

Loan Products » Summary

3,885 Borrowers
USD 5,006,432.72 Portfolio
Active Product
1,134 Borrowers
USD 4,846,607.27 Portfolio
Active Product
889 Borrowers
USD 304,184.65 Portfolio
Active Product
94 Borrowers
USD 605,463.74 Portfolio
Active Product
239 Borrowers
USD 258,549.42 Portfolio
Active Product
90 Borrowers
USD 158,851.49 Portfolio
Active Product
6,833 Borrowers
USD 2,230,976.56 Portfolio
Active Product
421 Borrowers
USD 636,246.30 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Daily Loan INR 6,000 - 20,000 3.3 - 4.6 0% - 20% 80% - 100% Business Women, Men, Must be the family member of weekly borrower, Age between 18 to 55 Years Credit Educ, Group Mtgs, Credit Ins
Midterm Loan INR 8,000 - 8,000 10 80% - 100% 80% - 100% Business Women, Must be a weekly Loan borrower, age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Monthly Loan INR 12,000 - 18,000 15 80% - 100% 20% - 40% Business Women, Must be Married, Age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Weekly Loan INR 12,000 - 18,000 11.5 80% - 100% 80% - 100% Business Women, Must be Married, Age between 18 to 58 years Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Golden Susu Loans GHS 500 - 10,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Commercial Loans GHS 1,000 - 300,000 1 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Salary Loans GHS 200 - 50,000 1 - 36 20% - 40% 60% - 80% Consumer, Education, Other Women, Men, Salaried worker Other Training
Super Golden Susu GHS 10,500 - 50,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Other Training
Fast Track Susu GHS 2,000 - 10,000 3 - 6 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Travel Loans GHS 2,000 - 10,000 3 - 6 40% - 60% 100% Other Women, Men, Have business, Salaried worker Business Training, Other Training
Distance Banking GHS 1,500 - 10,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Group Mtgs, Business Training, Other Training
Premium Golden Susu GHS 1,500 - 50,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Business Training, Other Training

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32
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