2. Sonata Finance
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SFPI
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sonata Finance Private Limited 125B/6B Pt. Madan Mohan Malviya RoadGorge TownAllahabad, Uttar PradeshPO Box 211002
Data approved: 2013-01-09
Data version: 3
Age of data: 134 months
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Institution

Specialised Financial and Promotional Institution Bole Sub CityAddis AbabaPO Box 10689
Data approved: 2011-12-23
Data version: 1
Age of data: 150 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.sonataindia.com/
Year established2006
Head of InstitutionAnup Kumar Singh
Regions activeHaryana, Madhya Pradesh
# Branches108

Total Portfolio (nat'l)INR 1,204,379,246
Total Portfolio (USD)USD 22,724,136.72
Active clients with loans158,243
Approximate % female clients100%
Approximate % urban clients0% - 20%
Network affiliationsSa-Dhan, SAMN, MFIN, ACTED

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1997
Head of InstitutionMr Solomon W.Giorgis
Regions active
# Branches10

Total Portfolio (nat'l)ETB 50,807,161
Total Portfolio (USD)USD 2,761,258.75
Active clients with loans33,342
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI
FundersTerrafina Microfinance, SOS Faim, CIDR, UNCDF

Loan Products » Summary

Income
152,607 Borrowers
USD 21,114,947.77 Portfolio
Active Product
Individual
3,843 Borrowers
USD 1,555,442.60 Portfolio
Active Product
Utility
1,793 Borrowers
USD 53,746.34 Portfolio
Active Product

Loan Products » Summary

Group
32,000 Borrowers
USD 2,608,695.65 Portfolio
Active Product
Individual
1,500 Borrowers
USD 130,434.78 Portfolio
Active Product
Youth Loan
100 Borrowers
USD 10,869.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Income Generating Loan INR 7,200 - 19,650 12.2 - 23.33 100% 0% - 20% Business Women, Low HH Inc, Med HH Inc Credit Educ, Group Mtgs, Credit Ins
Individual Loan INR 20,000 - 50,000 12 - 24 100% 0% Business Women, Have business Credit Educ, Credit Ins
Utility Finance INR 1,000 - 6,770 3.55 - 8.88 100% 20% - 40% Any Purpose Women Credit Educ, Group Mtgs, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan ETB 100 - 30,000 12 - 30 40% - 60% 40% - 60% Any Purpose Women, Men Credit Educ, Group Mtgs
Individual Loan ETB 10,000 - 120,000 12 - 30 40% - 60% 80% - 100% Any Purpose Women, Men Credit Educ, Business Training
Youth Loan Product ETB 5,000 - 30,000 12 - 24 20% - 40% 80% - 100% Business Women, Men, Specific age group Group Mtgs, Business 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
Income Generating Loan 25% - 25.4% 26.2% - 26.6% 27.5% - 28.8% Yes Yes Yes 100
Individual Loan 25.6% - 26.1% 26.5% - 27% 27.5% - 28.1% Yes Yes Yes 100
Utility Finance 23% - 26.2% 25.6% - 30.2% 26% - 30.7% Yes Yes NA 92
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Income Generating Loan 26.0% annual, Decl Bal 1 Fee 1 Ins None N/A 26.2% - 26.6% 27.5% - 28.8% 92
Individual Loan 26.0% annual, Decl Bal 1 Fee 1 Ins None N/A 26.5% - 27% 27.5% - 28.1% 93
Utility Finance 23.1%-26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 25.6% - 30.2% 26% - 30.7% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50

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
Income Generating Loan 25% - 25.4% 26.2% - 26.6% 27.5% - 28.8% Yes Yes Yes 100
Individual Loan 25.6% - 26.1% 26.5% - 27% 27.5% - 28.1% Yes Yes Yes 100
Utility Finance 23% - 26.2% 25.6% - 30.2% 26% - 30.7% Yes Yes NA 92
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Income Generating Loan 26.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 26.2% - 26.6% 27.5% - 28.8% 92
Individual Loan 26.0% annual, Decl Bal 1 Fee 1 Ins Ins None N/A 26.5% - 27% 27.5% - 28.1% 93
Utility Finance 23.1%-26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 25.6% - 30.2% 26% - 30.7% 80

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 16.0%-24.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 28.3% - 30.2% 30.6% - 35.2% 47
Individual Loan 16.0%-20.0% annual, Flat 0 Fees 0 Ins Ins None 5.0%-10.0% upfront 29.4% - 30.9% 34.4% - 36% 45
Youth Loan Product 14.0% annual, Flat 0 Fees 0 Ins Ins None 5.0% upfront 25.8% - 25.9% 27.8% - 27.9% 50
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