Institution

Utkarsh Micro Finance Pvt. Ltd. S-2/639-56, Varuna Vihar ColonyNear J Mehta Inter Collect Cantt.Varanasi, Uttar Pradesh221002
Data approved: 2013-02-20
Data version: 2
Age of data: 81 months

Institution

Association of Progressive Entrepreneurs in Development Head OfficeAccraP.O. Box CT 78 PMB
Data approved: 2013-02-15
Data version: 2
Age of data: 82 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.utkarshmfi.com/
Year established1990
Head of InstitutionGovind Singh
Regions activeBihar, Madhya Pradesh
# Branches92

Total Portfolio (nat'l)INR 1,374,101,555
Total Portfolio (USD)USD 25,926,444.43
Active clients with loans168,691
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.worldvision.org/
Year established2001
Head of InstitutionSpencer Badu
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region
# Branches7

Total Portfolio (nat'l)GHS 3,697,508
Total Portfolio (USD)USD 1,876,907.61
Active clients with loans13,774
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsASSFIN, GHAMFIN, Vision Fund International
FundersWorld Vision International, Vision Fund International

Loan Products » Summary

154,956 Borrowers
USD 21,403,926.92 Portfolio
Active Product
13,584 Borrowers
USD 4,397,416.42 Portfolio
Active Product
151 Borrowers
USD 113,779.58 Portfolio
Active Product
Retired Product

Loan Products » Summary

3,045 Borrowers
USD 332,219.31 Portfolio
Active Product
10,729 Borrowers
USD 1,544,688.13 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Utkarsh Pragati INR 6,000 - 15,000 12 - 14 100% 0% - 20% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. Credit Educ, Group Mtgs, Tech Asst Visits
Utkarsh Kiran INR 18,000 - 25,000 24 100% 0% - 20% Business Women, Have business, Specific age group, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Client age must be between 21 to 55. Credit Educ, Group Mtgs, Tech Asst Visits
Utkarsh Samridhi INR 25,000 - 300,000 6 - 36 0% - 20% 100% Business Women, Men, Have business, Have home or land, Must have atleast 3 years of experience in existing business. Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Farmer Loan GHS 300 - 7,000 6 - 8 60% - 80% 0% - 20% Business, Agriculture Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services
Working Capital Loan GHS 800 - 8,500 4 - 12 60% - 80% 20% - 40% Business Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year Group Mtgs, Credit Ins, Business Training, Other 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
Utkarsh Pragati 25.6% - 25.9% 27.3% - 27.5% 29.4% - 29.6% Yes Yes Yes 100
Utkarsh Kiran 25.8% - 26.1% 26.8% - 27.1% 28% - 28.3% Yes Yes Yes 100
Utkarsh Samridhi 28.8% 30.4% 32.6% NA NA NA 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Utkarsh Pragati 25.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.3% - 27.5% 29.4% - 29.6% 88
Utkarsh Kiran 25.9% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.8% - 27.1% 28% - 28.3% 92
Utkarsh Samridhi 29.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 30.4% 32.6% 89

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Farmer Loan 39.00%-52.00% annual, Flat 2 Fees 1 Ins None 15.00%-20.00% upfront 43.1% - 51.9% 55.1% - 68% 65
Working Capital Loan 39.00%-52.00% annual, Flat 2 Fees 1 Ins None 15.00%-20.00% upfront 81.2% - 106.3% 119.1% - 182.5% 24

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
Utkarsh Pragati 25.6% - 25.9% 27.3% - 27.5% 29.4% - 29.6% Yes Yes Yes 100
Utkarsh Kiran 25.8% - 26.1% 26.8% - 27.1% 28% - 28.3% Yes Yes Yes 100
Utkarsh Samridhi 28.8% 30.4% 32.6% NA NA NA 100

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Utkarsh Pragati 25.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 27.3% - 27.5% 29.4% - 29.6% 88
Utkarsh Kiran 25.9% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.8% - 27.1% 28% - 28.3% 92
Utkarsh Samridhi 29.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 30.4% 32.6% 89

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Farmer Loan 39.00%-52.00% annual, Flat 2 Fees 1 Ins Ins None 15.00%-20.00% upfront 43.1% - 51.9% 55.1% - 68% 65
Working Capital Loan 39.00%-52.00% annual, Flat 2 Fees 1 Ins Ins None 15.00%-20.00% upfront 81.2% - 106.3% 119.1% - 182.5% 24
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Key Statistics
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# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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