Institution

Saadhana Microfin Society # 50-760A-116, 02nd Floor,Gayatri EstatesKurnool, Andhra Pradesh518002
Data approved: 2010-11-15
Data version: 1
Age of data: 110 months

Institution

ASA Initiative FNGO Head OfficeCape Coast, CentralP.O. Box 396
Data approved: 2013-02-20
Data version: 2
Age of data: 79 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established2001
Head of InstitutionM.Ernest Paul
Regions active
# Branches41

Total Portfolio (nat'l)INR 668,968,774
Total Portfolio (USD)USD 12,622,052.34
Active clients with loans90,929
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliations

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.asainitiative.org/
Year established2006
Head of InstitutionMrs. Veronica Agodoa Kitti
Regions activeCentral Region
# Branches5

Total Portfolio (nat'l)GHS 1,137,233
Total Portfolio (USD)USD 577,275.63
Active clients with loans4,535
Approximate % female clients40% - 60%
Approximate % urban clients0
Network affiliationsASSFIN, GHAMFIN
Funders

Loan Products » Summary

89,438 Borrowers
USD 11,528,500 Portfolio
Active Product
1,491 Borrowers
USD 518,326.42 Portfolio
Active Product

Loan Products » Summary

3,170 Borrowers
USD 388,764.97 Portfolio
Active Product
698 Borrowers
USD 182,878.86 Portfolio
Active Product
534 Borrowers
USD 3,652.28 Portfolio
Active Product
27 Borrowers
USD 1,979.70 Portfolio
Low Volume 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
General Loan INR 8,000 - 22,000 12 80% - 100% 80% - 100% Business Women Credit Educ, Group Mtgs, Credit Ins
Micro Enterprise Development Loan INR 25,000 - 50,000 12 80% - 100% 80% - 100% Business Women Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Six Months Group Loan GHS 2,000 - 14,000 6 60% - 80% 0% - 20% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Six Months Individual Loan GHS 600 - 10,000 1 - 6 40% - 60% 0% - 20% Business, Other Women, Men, Have business, Specific age group Credit Educ, Credit Ins, Tech Asst Visits, Business Training
Green Energy-Solar Loan GHS 70 - 200 2 - 6 20% - 40% 0% - 20% Business, Consumer Women, Men, Specific age group Credit Educ, Credit Ins, Tech Asst Visits

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
General Loan 0% 26.2% - 27.7% 28.3% - 32.2% N/A
Micro Enterprise Development Loan 0% 27.6% - 27.8% 27.6% - 27.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
General Loan 12.5% annual, Flat 1 Fee 1 Ins None N/A 26.2% - 27.7% 28.3% - 32.2% 41
Micro Enterprise Development Loan 12.5% annual, Flat 1 Fee 1 Ins None N/A 27.6% - 27.8% 27.6% - 27.8% 45

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Six Months Group Loan 44.00% annual, Flat 2 Fees 1 Ins None N/A 82.2% - 82.4% 86% - 86.2% 51
Six Months Individual Loan 44.00% annual, Flat 2 Fees 1 Ins None N/A 82.2% - 83.1% 86% - 86.9% 50
Green Energy-Solar Loan 36.00%-40.00% annual, Flat 0 Fees 1 Ins None N/A 57.4% - 64.1% 60.9% - 67.7% 56

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
General Loan 0% 26.2% - 27.7% 28.3% - 32.2% N/A
Micro Enterprise Development Loan 0% 27.6% - 27.8% 27.6% - 27.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
General Loan 12.5% annual, Flat 1 Fee 1 Ins Ins None N/A 26.2% - 27.7% 28.3% - 32.2% 41
Micro Enterprise Development Loan 12.5% annual, Flat 1 Fee 1 Ins Ins None N/A 27.6% - 27.8% 27.6% - 27.8% 45

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Six Months Group Loan 44.00% annual, Flat 2 Fees 1 Ins Ins None N/A 82.2% - 82.4% 86% - 86.2% 51
Six Months Individual Loan 44.00% annual, Flat 2 Fees 1 Ins Ins None N/A 82.2% - 83.1% 86% - 86.9% 50
Green Energy-Solar Loan 36.00%-40.00% annual, Flat 0 Fees 1 Ins Ins None N/A 57.4% - 64.1% 60.9% - 67.7% 56
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Key Statistics
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# 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
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