| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.wemcs.co.in/ |
| Year established | 2008 |
| Head of Institution | ASHWINI KUMAR SINHA |
| Regions active | |
| # Branches | 2 |
| Total Portfolio (nat'l) | INR 4,507,144 |
| Total Portfolio (USD) | USD 85,040.45 |
| Active clients with loans | 1,143 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1999 |
| Head of Institution | Teshome Yohannes Dayesso |
| Regions active | |
| # Branches | 23 |
| Total Portfolio (nat'l) | ETB 76,548,872 |
| Total Portfolio (USD) | USD 4,160,264.78 |
| Active clients with loans | 48,908 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | AEMFI, MAIN |
| Funders | Terrafina Microfinance, SOS-FAIM, WSM, CIDR |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGL | INR 5,000 - 10,000 | 6 - 12 | 80% - 100% | 0% - 20% | Business | Women | Credit Educ, Group Mtgs, Credit Ins, Other Training |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Loan | ETB 500 - 10,000 | 6 - 24 | 20% - 40% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | ||||||||
| General Purpose Loan - Homa Homa - Regular | ETB 200 - 5,000 | 6 - 24 | 80% - 100% | 80% - 100% | Business | Women, Men | Group Mtgs | |||||||
| General Purpose Loan - Homa Homa - Term | ETB 200 - 5,000 | 6 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Group Mtgs | |||||||
| General Purpose Loan - Homa Homa - Variable | ETB 200 - 5,000 | 6 - 12 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men | Group Mtgs |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGL | 0 | 39.3% | 42.6% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGL | 15.0% annual, Flat | 1 Fee | 1 Ins | None | N/A | 39.3% | 42.6% | 35 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Loan | 12.6% annual, Flat | 1 Fee | 0 Ins | None | 5.0% upfront | 23.2% | 24.9% | 51 | ||||||||
| General Purpose Loan - Homa Homa - Regular | 18.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront 10.00 ongoing | 32% - 35.3% | 39% - 45.7% | 43 | ||||||||
| General Purpose Loan - Homa Homa - Term | 30.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront 10.00 ongoing | 34.1% - 34.2% | 38.6% - 41.8% | 76 | ||||||||
| General Purpose Loan - Homa Homa - Variable | 24.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront 10.00 ongoing | 35.4% - 39.3% | 41.7% - 46.9% | 54 |
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGL | 0 | 39.3% | 42.6% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGL | 15.0% annual, Flat | 1 Fee | 1 Ins Ins | None | N/A | 39.3% | 42.6% | 35 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Loan | 12.6% annual, Flat | 1 Fee | 0 Ins Ins | None | 5.0% upfront | 23.2% | 24.9% | 51 | ||||||||
| General Purpose Loan - Homa Homa - Regular | 18.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront 10.00 ongoing | 32% - 35.3% | 39% - 45.7% | 43 | ||||||||
| General Purpose Loan - Homa Homa - Term | 30.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront 10.00 ongoing | 34.1% - 34.2% | 38.6% - 41.8% | 76 | ||||||||
| General Purpose Loan - Homa Homa - Variable | 24.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront 10.00 ongoing | 35.4% - 39.3% | 41.7% - 46.9% | 54 |
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