Please note that the information you are viewing is 82 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Grameen Financial Services Pvt. Ltd. (Grameen Koota) AvalahaliJP Nagar-9th PhaseBanglore, Karnataka560062
Data approved: 2013-05-14
Data version: 3
Age of data: 82 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

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 » 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 » 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
Institution Price Graph
Please note that the information you are viewing is 81 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 81 months

Product

Golden Susu Loans Product 1 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 9,862,672.45
Portfolio (USD)USD 5,006,432.72
Active Clients with Loans3,885
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Daily saving programme designed to assist micro/small-scale entrepreneurs. Contributors may, after two months savings, be eligible for loans.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
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 institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00030%
GHS 5,000-7,50040%
GHS 7,500-10,00020%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months30%
Between 7 and 9 months40%
Between 10 and 12 months20%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weekly
Every 2 weeks
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 interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00% - 25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Golden Susu Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 800GHS 1,500GHS 3,000GHS 6,000GHS 9,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-202013-05-282013-05-072013-06-192013-05-30
Loan Term (Months)10.0 months10.0 months6.0 months12.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 264GHS 495GHS 630GHS 2,340GHS 1,890
True Price by Comp         
Interest price component59.3%59.1%57.5%59.4%57.5%
Fee Component7.2%7.2%10.8%6.2%10.8%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component41.0%40.6%42.8%39.5%42.8%
Full APR (int fee ins tax dep)107.5%106.9%111.1%105.1%111.1%
Transparency Index3434323432
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Golden Susu Loans Price Graphs


Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to