2. FITSE
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  2. FFSL
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Finance Trust For The Self Employed Private Bag A232Lilongwe, Central Region
Data approved: 2013-01-08
Data version: 2
Age of data: 136 months
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Institution

Future Financial Services Ltd. 4-368/1,C.B. RoadAndhra Pradesh, Andhra Pradesh517002
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.worldvision.com
Year established2000
Head of InstitutionMasutano Mulaga
Regions activeKasungu, Lilongwe, Mchinji, Ntcheu, Salima, Mzimba, Nkhata Bay, Balaka, Blantyre, Mulanje
# Branches2

Total Portfolio (nat'l)MWK 253,269,047.10
Total Portfolio (USD)USD 649,407.81
Active clients with loans8,790
Approximate % female clients40% - 60%
Approximate % urban clients20% - 40%
Network affiliationsMalawi Microfinance Network (MAMN)
FundersVision Fund International, World Vision International, World Vision, Malawi (ADP)

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.ffslmfi.com/
Year established2007
Head of InstitutionG. Dashrath Reddy
Regions active0
# Branches83

Total Portfolio (nat'l)INR 2,410,743,660
Total Portfolio (USD)USD 53,572,081.33
Active clients with loans270,185
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliations

Loan Products » Summary

Agric 1
115 Borrowers
USD 7,070.26 Portfolio
Active Product
Agric 2
829 Borrowers
USD 97,014.29 Portfolio
Active Product
Business 2
7,792 Borrowers
USD 514,401.47 Portfolio
Active Product
Business 3
54 Borrowers
USD 30,921.79 Portfolio
Active Product
Business Loan I (Group)
Retired Product

Loan Products » Summary

Daily Loan
2,615 Borrowers
USD 493,644 Portfolio
Active Product
Midterm Loan
20,684 Borrowers
USD 1,927,771 Portfolio
Active Product
Monthly
150,704 Borrowers
USD 34,082,156 Portfolio
Active Product
Weekly Loan
116,866 Borrowers
USD 17,068,510 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural loan I (Irrigation loan - Group) MWK 5,000 - 100,000 4 - 12 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Business Training
Agricultural Loan II (Rain fed - Group) MWK 5,000 - 200,000 6 - 10 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Business Loan II (Group) MWK 5,000 - 300,000 6 - 9 40% - 60% 80% - 100% Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. Women, Men, Have business Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Business Loan III (Individual) MWK 5,000 - 2,000,000 4 - 12 60% - 80% 80% - 100% Business, Not unacceptable businesses e.g beer brewing, tobacco, charcoal. Women, Men, Have business Credit Educ, Group Mtgs

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Daily Loan INR 6,000 - 20,000 3.3 - 4.6 0% - 20% 80% - 100% Business Women, Men, Must be the family member of weekly borrower, Age between 18 to 55 Years Credit Educ, Group Mtgs, Credit Ins
Midterm Loan INR 8,000 - 8,000 10 80% - 100% 80% - 100% Business Women, Must be a weekly Loan borrower, age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Monthly Loan INR 12,000 - 18,000 15 80% - 100% 20% - 40% Business Women, Must be Married, Age between 18 to 55 years Credit Educ, Group Mtgs, Credit Ins
Weekly Loan INR 12,000 - 18,000 11.5 80% - 100% 80% - 100% Business Women, Must be Married, Age between 18 to 58 years Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural loan I (Irrigation loan - Group) 54.00% annual, Flat 2 Fees 0 Ins None 20.00% upfront 51.9% - 56.9% 63.7% - 70% 82
Agricultural Loan II (Rain fed - Group) 54.00% annual, Flat 2 Fees 0 Ins None 20.00% upfront 52% - 64.5% 63.1% - 79.2% 78
Business Loan II (Group) 48.00% annual, Flat 2 Fees 0 Ins None 20.00% upfront 80.9% - 99.8% 112.7% - 139.6% 39
Business Loan III (Individual) 42.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 72.8% - 74.5% 91% - 93.2% 45

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% N/A
*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
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural loan I (Irrigation loan - Group) 54.00% annual, Flat 2 Fees 0 Ins Ins None 20.00% upfront 51.9% - 56.9% 63.7% - 70% 82
Agricultural Loan II (Rain fed - Group) 54.00% annual, Flat 2 Fees 0 Ins Ins None 20.00% upfront 52% - 64.5% 63.1% - 79.2% 78
Business Loan II (Group) 48.00% annual, Flat 2 Fees 0 Ins Ins None 20.00% upfront 80.9% - 99.8% 112.7% - 139.6% 39
Business Loan III (Individual) 42.00% annual, Flat 2 Fees 0 Ins Ins None 10.00% upfront 72.8% - 74.5% 91% - 93.2% 45

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
Daily Loan 0% 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 0% 24.5% 30.2% N/A
Monthly Loan 0% 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 0% 27.3% - 28.3% 31.4% - 34.8% N/A
*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
Daily Loan 12.8% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 43% - 43.9% 53% - 57.1% N/A
Midterm Loan 12.0% annual, Flat 1 Fee 0 Ins Ins None 500.00 upfront 24.5% 30.2% N/A
Monthly Loan 21.0% annual, Decl Bal 1 Fee 1 Ins Ins None 1,000.00 upfront 24.5% - 28.7% 29.9% - 31.4% N/A
Weekly Loan 12.5% annual, Flat 0 Fees 0 Ins Ins None 1,000.00 upfront 27.3% - 28.3% 31.4% - 34.8% N/A
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Key Statistics
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# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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