Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1994 |
Head of Institution | Fredy Yugcha Toala |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | USD 8,513,791 |
Total Portfolio (USD) | USD 8,513,791 |
Active clients with loans | 3,278 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | N/A |
Website address | http://www.gvmfl.com/ |
Year established | 1986 |
Head of Institution | Mr.S.Devaraj, Chairman and Managing Director |
Regions active | 0 |
# Branches | 227 |
Total Portfolio (nat'l) | INR 6,051,556,728 |
Total Portfolio (USD) | USD 134,479,038.40 |
Active clients with loans | 772,050 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | USD 100 - 30,000 | 6 - 36 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | ||||||||
Credi Grupo | USD 200 - 800 | 6 - 10 | 60% - 80% | 20% - 40% | Any Purpose | Women, Men | ||||||||
Microcrédito Avanzar | USD 3,001 - 10,000 | 6 - 36 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | ||||||||
Microcrédito Fácil | USD 100 - 5,000 | 1 | 40% - 60% | 80% - 100% | Business, Other | Women, Men, Have business | ||||||||
Microcrédito Nacer | USD 100 - 3,000 | 6 - 18 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | INR 25,000 - 50,000 | 12 | 80% - 100% | 20% - 40% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
General Loan | INR 9,000 - 18,000 | 12 | 80% - 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
Seasonal Loan | INR 1,000 - 3,000 | 5 | 80% - 100% | 20% - 40% | Business, Consumer, Education, Other | Women | Credit Educ, Group Mtgs |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | 14.4% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 14% - 14.6% | 15.3% - 16.1% | 91 | ||||||||
Credi Grupo | 23.2% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.00% ongoing | 23.6% | 26.2% | 89 | ||||||||
Microcrédito Avanzar | 19.6% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 19.6% - 20.4% | 20.9% - 21.8% | 92 | ||||||||
Microcrédito Fácil | 20.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 20.3% | 20.3% | 99 | ||||||||
Microcrédito Nacer | 20.9% annual, Decl Bal | 1 Fee | 0 Ins | None | 5.00 ongoing | 21.1% - 21.2% | 22.7% - 23.1% | 91 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 0% | 32.7% - 33.3% | 32.7% - 33.3% | N/A | ||||||||||
General Loan | 0% | 31.9% - 32.5% | 31.9% - 32.5% | N/A | ||||||||||
Seasonal Loan | 0% | 39.2% - 39.9% | 39.2% - 39.9% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 32.7% - 33.3% | 32.7% - 33.3% | 36 | ||||||||
General Loan | 12.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 31.9% - 32.5% | 31.9% - 32.5% | 37 | ||||||||
Seasonal Loan | 0.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 39.2% - 39.9% | 39.2% - 39.9% | 0 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | 14.4% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 5.00 ongoing | 14% - 14.6% | 15.3% - 16.1% | 91 | ||||||||
Credi Grupo | 23.2% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 10.00% ongoing | 23.6% | 26.2% | 89 | ||||||||
Microcrédito Avanzar | 19.6% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 5.00 ongoing | 19.6% - 20.4% | 20.9% - 21.8% | 92 | ||||||||
Microcrédito Fácil | 20.0% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | N/A | 20.3% | 20.3% | 99 | ||||||||
Microcrédito Nacer | 20.9% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | 5.00 ongoing | 21.1% - 21.2% | 22.7% - 23.1% | 91 |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 0% | 32.7% - 33.3% | 32.7% - 33.3% | N/A | ||||||||||
General Loan | 0% | 31.9% - 32.5% | 31.9% - 32.5% | N/A | ||||||||||
Seasonal Loan | 0% | 39.2% - 39.9% | 39.2% - 39.9% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 12.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 32.7% - 33.3% | 32.7% - 33.3% | 36 | ||||||||
General Loan | 12.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 31.9% - 32.5% | 31.9% - 32.5% | 37 | ||||||||
Seasonal Loan | 0.0% annual, Flat | 0 Fees | 0 Ins Ins | None | N/A | 39.2% - 39.9% | 39.2% - 39.9% | 0 |
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