Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | http://www.sharemicrofin.com/ |
Year established | 2000 |
Head of Institution | Mr. M. Udaia Kumar |
Regions active | 0 |
# Branches | 990 |
Total Portfolio (nat'l) | INR 22,076,816,363 |
Total Portfolio (USD) | USD 490,595,919.20 |
Active clients with loans | 2,807,147 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Sa-Dhan, MFIN, WWB, Alpha |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://[email protected] |
Year established | 1982 |
Head of Institution | C.K Ablerdu |
Regions active | Ashanti Region |
# Branches | 9 |
Total Portfolio (nat'l) | GHS 12,511,356 |
Total Portfolio (USD) | USD 6,350,942.13 |
Active clients with loans | 4,013 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | ARB Apex, GHAMFIN |
Funders | SPEED Ghana, MiDA, MASLOC |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | INR 2,000 - 25,000 | 12 | 80% - 100% | 0% - 20% | Business, only for Income Generating Activities | Women, Have business, Have home or land, Qualify for a test on Financial education , Training provided on Financial education | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
Micro Enterprise Loan | INR 15,000 - 300,000 | 6 - 24 | 80% - 100% | 0% - 20% | Business | Women, Have business, Have home or land | ||||||||
Personal Loans | INR 9,000 - 99,000 | 6 - 24 | 20% - 40% | 20% - 40% | Any Purpose | Women, Men, Have home or land, Salaried worker |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | GHS 500 - 90,000 | 6 - 18 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Other Training | |||||||
Salary Loan | GHS 200 - 6,000 | 6 - 18 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Susu Loan | GHS 50 - 20,000 | 3 - 12 | 60% - 80% | 40% - 60% | Business, Housing, Consumer, Education, Other | Women, Men, Have business, Must have conttributed savings depsoit for at least 3 months. | Credit Educ, 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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 34.8% | 34.8% | 35.9% | 100 | ||||||||||
Micro Enterprise Loan | 0% | 27.4% - 33.7% | 28.4% - 35% | N/A | ||||||||||
Personal Loans | 0% | 28.1% - 30% | 28.9% - 30.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 19.8%-24.6% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 34.8% | 35.9% | 55 | ||||||||
Micro Enterprise Loan | 24.9% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 27.4% - 33.7% | 28.4% - 35% | 80 | ||||||||
Personal Loans | 24.9% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 28.1% - 30% | 28.9% - 30.8% | 83 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00% annual, Flat | 1 Fee | 0 Ins | None | 30.00% upfront | 53% - 56.8% | 97.1% - 106.4% | 27 | ||||||||
Salary Loan | 30.00% annual, Flat | 1 Fee | 0 Ins | None | N/A | 54.2% - 77.7% | 54.2% - 77.7% | 48 | ||||||||
Susu Loan | 28.00% annual, Flat | 1 Fee | 0 Ins | None | 50.00% upfront | 51.9% - 56.3% | 179.5% - 210.9% | 14 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 34.8% | 34.8% | 35.9% | 100 | ||||||||||
Micro Enterprise Loan | 0% | 27.4% - 33.7% | 28.4% - 35% | N/A | ||||||||||
Personal Loans | 0% | 28.1% - 30% | 28.9% - 30.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Joint Liability Group Loan | 19.8%-24.6% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 34.8% | 35.9% | 55 | ||||||||
Micro Enterprise Loan | 24.9% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 27.4% - 33.7% | 28.4% - 35% | 80 | ||||||||
Personal Loans | 24.9% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 28.1% - 30% | 28.9% - 30.8% | 83 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00% annual, Flat | 1 Fee | 0 Ins Ins | None | 30.00% upfront | 53% - 56.8% | 97.1% - 106.4% | 27 | ||||||||
Salary Loan | 30.00% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A | 54.2% - 77.7% | 54.2% - 77.7% | 48 | ||||||||
Susu Loan | 28.00% annual, Flat | 1 Fee | 0 Ins Ins | None | 50.00% upfront | 51.9% - 56.3% | 179.5% - 210.9% | 14 |
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