Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 80 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 TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.gfspl.in/
Year established1999
Head of InstitutionSuresh K. Krishna
Regions activeKarnataka, Maharashtra, Tamil Nadu
# Branches161

Total Portfolio (nat'l)INR 5,238,988,264
Total Portfolio (USD)USD 98,848,835.17
Active clients with loans592,113
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsSa-dhan, AKMI, MFIN

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

146,981 Borrowers
USD 1,763,074.96 Portfolio
Active Product
11,223 Borrowers
USD 930,758.17 Portfolio
Active Product
161,167 Borrowers
USD 18,925,320.75 Portfolio
Active Product
172,656 Borrowers
USD 56,339,632.11 Portfolio
Active Product
19,713 Borrowers
USD 3,173,775.72 Portfolio
Active Product
4,971 Borrowers
USD 205,886.92 Portfolio
Active Product
356 Borrowers
USD 157,556.98 Portfolio
Active Product
1,236 Borrowers
USD 24,253.34 Portfolio
Active Product
8,301 Borrowers
USD 146,243.40 Portfolio
Active Product
22,097 Borrowers
USD 523,435.42 Portfolio
Active Product
271 Borrowers
USD 8,536.45 Portfolio
Active Product
16,639 Borrowers
USD 346,955.09 Portfolio
Active Product
18,162 Borrowers
USD 1,003,256.47 Portfolio
Active Product
2,875 Borrowers
USD 6,914.02 Portfolio
Active Product
0 Borrowers
Portfolio
Low Volume Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

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
Emergency Loan INR 1,000 - 1,000 2.56 - 2.79 100% 20% - 40% Any Purpose Women, Low HH Inc, Med HH Inc, Member should have running IGL Pragati or IGL Pragati Plus or Water or Sanitation loan Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Water Connection Loan INR 5,000 - 5,000 12.1 - 24.19 100% 20% - 40% Housing, For taking water connection Women, Have home or land, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop
IGL-Pragati INR 5,000 - 15,000 12 80% - 100% 0% - 20% Business Women
IGL-Pragati Plus INR 15,000 - 25,000 24 - 24.19 100% 20% - 40% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Sanitation Loan INR 7,000 - 10,000 24 - 24.19 100% 20% - 40% Housing, For construction of toilets Women, Low HH Inc, Med HH Inc, Proof of ownership of the house where sanitation structure is to be erected must be provided. House ownership can be in the name of member or spouse or member's father/mother/father-in-law/mother-in-law. Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Water Loan-PureIT INR 2,950 - 2,950 12 - 12.1 100% 20% - 40% Consumer, To Purchase Water Purifier Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Grameen Niwas INR 1,000 - 25,000 24.19 - 48.37 100% 20% - 40% Housing Women, Have home or land, Low HH Inc, Med HH Inc, All active members applying for this loan should have successfully completed 2 loan cycles of IGL Pragati/Pragati Plus loan. Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
GGI Cook Stove Loan INR 1,250 - 1,250 5.6 100% 20% - 40% Consumer Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Swavalamban Loan INR 1,000 - 1,000 2.56 - 2.79 100% 20% - 40% For Pension fund Investment for future saving Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Education Loan INR 5,000 - 5,000 11.63 - 12.1 100% 20% - 40% Education Women, Low HH Inc, Med HH Inc, The member must have availed IGL-Pragati at least once.New members eligible after 6 months from the date of becoming the member Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Medical Loan INR 500 - 2,000 5.58 - 5.6 100% 0% - 20% Other, For meeting medical expenses Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Festival Loan INR 2,000 - 2,000 5.6 100% 20% - 40% Consumer, Other, To meet the expenses of the festival Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Pragati Supplement INR 5,000 - 5,000 5.58 100% 40% - 60% Business Women, Low HH Inc, Med HH Inc, This loan can be availed after 25 weeks of prompt repayment of Pragati/Pragati plus loan installments and should have at least 12 weeks of remaining repayment period, IGL-Pragati/Pragati Plus borrowers Credit Educ, Group Mtgs, Credit Ins, Jagruthi- Client Education Series, Socio-Economic Development Workshop
Arogya Loan INR 500 - 1,000 2.56 - 2.79 100% 20% - 40% Other Women, Low HH Inc, Med HH Inc, Member must have running IGL Pragati/ Pragati Plus / Water or Sanitation loans., The member who opts for healthcare services under SNDPAP scheme is eligible for the loan. Credit Educ, Group Mtgs, Jagruthi- Client Education Series, Socio-Economic Development Workshop

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
Emergency Loan 24.5% - 34% 32.9% - 45.6% 33.9% - 47.1% Yes Yes NA 89
Water Connection Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
IGL-Pragati 26% - 26.1% 28% - 28.2% 36.4% - 45.1% Yes Yes Yes 100
IGL-Pragati Plus 26% 27.1% 31.5% Yes Yes Yes 100
Sanitation Loan 22% 23.1% 26.6% Yes Yes Yes 100
Water Loan-PureIT 24% 26.1% 27.4% Yes Yes Yes 100
Grameen Niwas 21.8% - 22% 22.9% - 23.1% 24% - 24.3% Yes Yes Yes 100
GGI Cook Stove Loan 24.2% 28.3% 28.9% Yes Yes NA 99
Swavalamban Loan 24.5% 32.9% 33.9% Yes Yes NA 98
Education Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
Medical Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Festival Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Pragati Supplement 26% 30.1% 37.1% Yes Yes Yes 100
Arogya Loan 22.6% - 22.9% 30.9% - 31.1% 31.9% - 32.1% Yes Yes NA 97

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Emergency Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 32.9% - 45.6% 33.9% - 47.1% 64
Water Connection Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 24.2% 27.6% 80
IGL-Pragati 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28% - 28.2% 36.4% - 45.1% 64
IGL-Pragati Plus 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.1% 31.5% 83
Sanitation Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 23.1% 26.6% 83
Water Loan-PureIT 24.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.1% 27.4% 87
Grameen Niwas 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 22.9% - 23.1% 24% - 24.3% 91
GGI Cook Stove Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 28.3% 28.9% 83
Swavalamban Loan 24.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 32.9% 33.9% 71
Education Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 24.2% 27.6% 80
Medical Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.4% 33.4% 66
Festival Loan 22.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.4% 33.4% 66
Pragati Supplement 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 30.1% 37.1% 70
Arogya Loan 22.0% annual, Decl Bal 1 Fee 0 Ins 12.36% fees N/A 30.9% - 31.1% 31.9% - 32.1% 69

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
Emergency Loan 24.5% - 34% 32.9% - 45.6% 33.9% - 47.1% Yes Yes NA 89
Water Connection Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
IGL-Pragati 26% - 26.1% 28% - 28.2% 36.4% - 45.1% Yes Yes Yes 100
IGL-Pragati Plus 26% 27.1% 31.5% Yes Yes Yes 100
Sanitation Loan 22% 23.1% 26.6% Yes Yes Yes 100
Water Loan-PureIT 24% 26.1% 27.4% Yes Yes Yes 100
Grameen Niwas 21.8% - 22% 22.9% - 23.1% 24% - 24.3% Yes Yes Yes 100
GGI Cook Stove Loan 24.2% 28.3% 28.9% Yes Yes NA 99
Swavalamban Loan 24.5% 32.9% 33.9% Yes Yes NA 98
Education Loan 22.1% 24.2% 27.6% Yes Yes Yes 100
Medical Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Festival Loan 22.2% 26.4% 33.4% Yes Yes Yes 99
Pragati Supplement 26% 30.1% 37.1% Yes Yes Yes 100
Arogya Loan 22.6% - 22.9% 30.9% - 31.1% 31.9% - 32.1% Yes Yes NA 97

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Emergency Loan 24.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 32.9% - 45.6% 33.9% - 47.1% 64
Water Connection Loan 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 24.2% 27.6% 80
IGL-Pragati 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 28% - 28.2% 36.4% - 45.1% 64
IGL-Pragati Plus 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 27.1% 31.5% 83
Sanitation Loan 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 23.1% 26.6% 83
Water Loan-PureIT 24.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.1% 27.4% 87
Grameen Niwas 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 22.9% - 23.1% 24% - 24.3% 91
GGI Cook Stove Loan 24.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 28.3% 28.9% 83
Swavalamban Loan 24.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 32.9% 33.9% 71
Education Loan 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 24.2% 27.6% 80
Medical Loan 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.4% 33.4% 66
Festival Loan 22.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.4% 33.4% 66
Pragati Supplement 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 30.1% 37.1% 70
Arogya Loan 22.0% annual, Decl Bal 1 Fee 0 Ins Ins 12.36% fees N/A 30.9% - 31.1% 31.9% - 32.1% 69

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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Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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