| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | N/A |
| Website address | http://www.gvmfl.com/ |
| Year established | 1986 |
| Head of Institution | Mr.S.Devaraj, Chairman and Managing Director |
| Regions active | 0 |
| # Branches | 227 |
| Total Portfolio (nat'l) | INR 6,051,556,728 |
| Total Portfolio (USD) | USD 134,479,038.40 |
| Active clients with loans | 772,050 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | n/a |
| Year established | 1990 |
| Head of Institution | Kwabena Dankyi Darfoor |
| Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region |
| # Branches | 4 |
| Total Portfolio (nat'l) | GHS 110,408 |
| Total Portfolio (USD) | USD 56,044.67 |
| Active clients with loans | 273 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | GHAMFIN, ASSFIN, UNDP, UNCTAD/EMPRETEC Worldwide |
| Funders | UNDP |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | INR 25,000 - 50,000 | 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
| General Loan | INR 9,000 - 18,000 | 12 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Seasonal Loan | INR 1,000 - 3,000 | 5 | 80% - 100% | 20% - 40% | Business, Consumer, Education, Other | Women | Credit Educ, Group Mtgs |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microfinance Loan | GHS 200 - 3,000 | 6 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business, Specific age group, Children and the very elderly are not eligible., Must be a member of a group or association. | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health/Nutrition , Family Life |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 0% | 32.7% - 33.3% | 32.7% - 33.3% | N/A | ||||||||||
| General Loan | 0% | 31.9% - 32.5% | 31.9% - 32.5% | N/A | ||||||||||
| Seasonal Loan | 0% | 39.2% - 39.9% | 39.2% - 39.9% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 32.7% - 33.3% | 32.7% - 33.3% | 36 | ||||||||
| General Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 31.9% - 32.5% | 31.9% - 32.5% | 37 | ||||||||
| Seasonal Loan | 0.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 39.2% - 39.9% | 39.2% - 39.9% | 0 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microfinance Loan | 36.00% annual, Flat | 2 Fees | 0 | None | 10.00% upfront | 69.3% - 70.3% | 82.1% - 83.3% | 43 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 0% | 32.7% - 33.3% | 32.7% - 33.3% | N/A | ||||||||||
| General Loan | 0% | 31.9% - 32.5% | 31.9% - 32.5% | N/A | ||||||||||
| Seasonal Loan | 0% | 39.2% - 39.9% | 39.2% - 39.9% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 12.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 32.7% - 33.3% | 32.7% - 33.3% | 36 | ||||||||
| General Loan | 12.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 31.9% - 32.5% | 31.9% - 32.5% | 37 | ||||||||
| Seasonal Loan | 0.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 39.2% - 39.9% | 39.2% - 39.9% | 0 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microfinance Loan | 36.00% annual, Flat | 2 Fees | 0 | None | 10.00% upfront | 69.3% - 70.3% | 82.1% - 83.3% | 43 |
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