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Institution

Opportunity Kenya Limited Geomaps Center, 1st Floor, Matumbato Road, Upper HillP.O. Box 19497Nairobi
Data approved: 2013-05-31
Data version: 2
Age of data: 133 months

Institution

Spandana Sphoorty Financial Limited Plot No 79, Care Crystal,Vinayak Nagar, GachibowliHyderabad, Andhra Pradesh500032
Data approved: 2013-05-02
Data version: 3
Age of data: 131 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?No
Website addresshttp://opportunity.net/kenya/
Year established2006
Head of InstitutionLydia Njoroge
Regions activeNairobi, Nyanza, Rift Valley, Western
# Branches11

Total Portfolio (nat'l)KES 402,920,910
Total Portfolio (USD)USD 4,866,194.57
Active clients with loans9,122
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsOpportunity International, AMFI
FundersOpportunity International USA, Wedco Enterprises Limited

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.spandanaindia.com/
Year established2004
Head of InstitutionPadmaja Reddy G.
Regions activeAndhra Pradesh, Chhattisgarh, Goa, GujaratJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa
# Branches1221

Total Portfolio (nat'l)INR 27,681,507,970
Total Portfolio (USD)USD 522,292,603.20
Active clients with loans3,305,413
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsSadhan, Mix Market, MFIN, WWB

Loan Products » Summary

8,350 Borrowers
USD 4,275,644.64 Portfolio
Active Product
219 Borrowers
USD 192,861.27 Portfolio
Active Product
368 Borrowers
USD 107,971.27 Portfolio
Active Product
165 Borrowers
USD 160,931.62 Portfolio
Active Product
20 Borrowers
USD 128,785.77 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Summary

178,199 Borrowers
USD 43,740,584.21 Portfolio
Active Product
355,279 Borrowers
USD 103,500,247.70 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Msingi Loan KES 10,000 - 500,000 6 - 36 40% - 60% 60% - 80% Business Women, Men, Have business, Must have run a business for at least 12 months Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Nguzo Loan KES 50,000 - 500,000 6 - 36 40% - 60% 60% - 80% Business Women, Men, Have business, Must have run a business for at least 24 months Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Somesha (Education) Loan KES 5,000 - 100,000 3 - 12 40% - 60% 60% - 80% Education Women, Men, Must be attending an educational institution or have a dependent attending Credit Educ, Group Mtgs, Credit Ins, Other Training, Fire/Burglary Insurance
Asset Loan KES 5,000 - 2,000,000 6 - 36 20% - 40% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Other Training

Loan Products » Conditions

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 22.0% annual, Flat 2 Fees 1 Ins None 20.0% upfront 100.00 ongoing 41.8% - 59.8% 64.2% - 135% 26
Nguzo Loan 22.0% annual, Flat 2 Fees 1 Ins None 25.0% upfront 200.00 ongoing 39.9% - 49.3% 67.5% - 112.5% 27
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins None 10.0% upfront 34% - 44% 45.6% - 59.7% 33
Asset Loan 22.0% annual, Flat 2 Fees 1 Ins None 15.0% upfront 42.7% - 46.9% 61% - 71.9% 34

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
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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Abhilasha 24.5%-26.1% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28.2% - 28.9% 30.7% - 31.5% 79
Pragathi 26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 28.1% 30.5% 85

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Msingi Loan 22.0% annual, Flat 2 Fees 1 Ins Ins None 20.0% upfront 100.00 ongoing 41.8% - 59.8% 64.2% - 135% 26
Nguzo Loan 22.0% annual, Flat 2 Fees 1 Ins Ins None 25.0% upfront 200.00 ongoing 39.9% - 49.3% 67.5% - 112.5% 27
Somesha (Education) Loan 16.0% annual, Flat 1 Fee 1 Ins Ins None 10.0% upfront 34% - 44% 45.6% - 59.7% 33
Asset Loan 22.0% annual, Flat 2 Fees 1 Ins Ins None 15.0% upfront 42.7% - 46.9% 61% - 71.9% 34

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
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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Abhilasha 24.5%-26.1% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 28.2% - 28.9% 30.7% - 31.5% 79
Pragathi 26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 28.1% 30.5% 85
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