| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | Yes |
| Website address | http://www.ffslmfi.com/ |
| Year established | 2007 |
| Head of Institution | G. Dashratha Reddy |
| Regions active | 0 |
| # Branches | 110 |
| Total Portfolio (nat'l) | INR 1,783,129,397 |
| Total Portfolio (USD) | USD 39,625,097.71 |
| Active clients with loans | 205,173 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | MFIN, Sa-Dhan |
| 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 6,000 - 35,000 | 12 - 24 | 80% - 100% | 0% - 20% | Business | Women, Age between 18 to 58 years | Group Mtgs, Credit Ins, Other Training | |||||||
| Weekly Loan | INR 6,000 - 15,000 | 12 | 80% - 100% | 80% - 100% | Business | Women, Must be between 18-58 years | Group Mtgs, Credit Ins, Other Training |
| 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 | 24.5% | 24.5% - 28.7% | 29.9% - 31.4% | 100 | ||||||||||
| Weekly Loan | 0% | 27.3% - 28.3% | 31.4% - 34.8% | N/A |
| 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 | 2 Fees | 0 Ins | None | 500.00 upfront | 24.5% | 30.2% | N/A | ||||||||
| Monthly Loan | 26.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 24.5% - 28.7% | 29.9% - 31.4% | 84 | ||||||||
| Weekly Loan | 26.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 27.3% - 28.3% | 31.4% - 34.8% | 81 |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| Banco Solidario | 79,700 | 221,716,000 | 1 | 163 |
| CEPESIU | 2,000 | 939,000 | 4 | 163 |
| COAC 4 Octubre | 2,200 | 5,771,000 | 2 | 163 |
| COAC Ambato | 1,300 | 16,415,000 | 2 | 163 |
| COAC FondVida | 2,500 | 4,200,000 | 4 | 163 |
| COAC LaBenefica | 2,500 | 8,482,000 | 6 | 163 |
| COAC MCCH | 5,300 | 10,020,000 | 2 | 163 |
| COAC Nacional | 30,700 | 27,129,000 | 2 | 163 |
| COAC San José | 10,400 | 29,133,000 | 5 | 163 |
| COAC SanAntonio | 1,000 | 2,384,000 | 3 | 163 |
| COAC SantaAnita | 2,000 | 2,532,000 | 6 | 163 |
| Codesarrollo | 14,400 | 40,328,000 | 7 | 163 |
| Coop San Miguel | 1,800 | 4,754,000 | 5 | 160 |
| CooP VPR | 700 | 1,052,000 | 4 | 163 |
| Cooprogreso | 7,900 | 32,244,000 | 4 | 163 |
| Credi Fe | 100,900 | 380,039,000 | 4 | 163 |
| D^Miro | 36,900 | 27,692,000 | 9 | 156 |
| DECOF | 2,200 | 705,000 | 2 | 163 |
| Espoir | 62,100 | 21,036,000 | 5 | 163 |
| FODEMI | 28,200 | 12,924,000 | 3 | 163 |
| Fundacion Alternativa | 4,300 | 5,545,000 | 2 | 163 |
| FUNDAMIC | 2,000 | 1,468,000 | 2 | 163 |
| INSOTEC | 7,000 | 6,047,000 | 4 | 163 |
| Luz del Valle | 6,400 | 11,300,000 | 3 | 163 |
| ProCredit | 43,800 | 211,941,000 | 2 | 163 |
| PS Ambato | 5,600 | 2,771,000 | 1 | 163 |
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