Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.spandanaindia.com/ |
Year established | 2004 |
Head of Institution | Padmaja Reddy G. |
Regions active | Andhra Pradesh, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa |
# Branches | 1221 |
Total Portfolio (nat'l) | INR 27,681,507,970 |
Total Portfolio (USD) | USD 522,292,603.20 |
Active clients with loans | 3,305,413 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Sadhan, Mix Market, MFIN, WWB |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1982 |
Head of Institution | C.K Ablerdu |
Regions active | 0 |
# Branches | 9 |
Total Portfolio (nat'l) | GHS 6,917,462 |
Total Portfolio (USD) | USD 4,611,641.33 |
Active clients with loans | 4,110 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | INR 4,000 - 30,000 | 0.6 - 24 | 80% - 100% | 0% - 20% | Business, Housing, Education, Other | Women, Low HH Inc, Med HH Inc, Economically active. | Credit Educ, Group Mtgs, Other Training, Group Solidarity Training | |||||||
Pragathi | INR 15,000 - 50,000 | 18 - 24 | 80% - 100% | 0% - 20% | Business | Women, Self-employed. | Credit Educ, Group Mtgs, Group Solidarity Training |
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% | ||||||||||
Salary Loan | GHS 200 - 6,000 | 6 - 18 | 20% - 40% | 60% - 80% | ||||||||||
Susu Loan | GHS 50 - 20,000 | 3 - 12 | 60% - 80% | 40% - 60% |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | 24.8% - 26.1% | 28.2% - 28.9% | 30.7% - 31.5% | Yes | Yes | Yes | 100 | |||||||
Pragathi | 26.1% | 28.1% | 30.5% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 38.1% - 65% | 68.4% - 113.1% | 28 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Flat | 2 Fees | 0 Ins | 38.8% - 56.6% | 45.6% - 66.6% | 52 | ||||||||||
Susu Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 50.1% - 58.3% | 172% - 240.8% | 12 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Abhilasha | 24.8% - 26.1% | 28.2% - 28.9% | 30.7% - 31.5% | Yes | Yes | Yes | 100 | |||||||
Pragathi | 26.1% | 28.1% | 30.5% | Yes | Yes | Yes | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 38.1% - 65% | 68.4% - 113.1% | 28 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Flat | 2 Fees | 0 Ins Ins | 38.8% - 56.6% | 45.6% - 66.6% | 52 | ||||||||||
Susu Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 50.1% - 58.3% | 172% - 240.8% | 12 |
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