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Institution

Arman Financial Services Limited 502-3-4, Sakar IIIOff. Ashram Road,Opp. Old High CourtAhmedabad, GujaratPO Box 380014
Data approved: 2012-11-21
Data version: 2
Age of data: 131 months

Institution

Union des CLECAM Wisigara RubavuGisenyi, Western RwandaPO Box 588
Data approved: 2012-11-07
Data version: 2
Age of data: 135 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.armanindia.com/
Year established1992
Head of InstitutionJayendra Patel
Regions activeGujarat
# Branches24

Total Portfolio (nat'l)INR 28,042,700,000
Total Portfolio (USD)USD 529,107,547.20
Active clients with loans41,503
Approximate % female clients100%
Approximate % urban clients40% - 60%
Network affiliationsMFIN, Sa-Dhan

Institution Details

Institution TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addressn/a
Year established2003
Head of InstitutionFlorent Majyambere
Regions activeBurera, Gakenke, Musanze, Ngororero, Nyabihu, Rubavu
# Branches11

Total Portfolio (nat'l)RWF 579,013,264
Total Portfolio (USD)USD 904,708.23
Active clients with loans2,177
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsAMIR
FundersTerrafina, Banque Rwandaise Developpement, AQUADEV, RaboBank

Loan Products » Summary

41,503 Borrowers
USD 529,107,547.20 Portfolio
Active Product

Loan Products » Summary

1,039 Borrowers
USD 529,287.62 Portfolio
Active Product
1,062 Borrowers
USD 189,401.16 Portfolio
Active Product
76 Borrowers
USD 186,019.45 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan INR 8,000 - 15,000 12 100% 40% - 60% Business, Housing, Education, Other Women, Have home or land, Low HH Inc, Med HH Inc, Rural HH, Urban HH Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan RWF 20,000 - 1,000,000 3 - 24 0% - 20% 0% - 20% Business Women, Men Credit Educ, Business Training, Other Training
Commerce Loan RWF 20,000 - 2,000,000 3 - 12 20% - 40% 0% - 20% Business, Housing, Consumer, Education Women, Men, Have business Credit Educ, Business Training, Other Training
Others Loan RWF 100,000 - 2,000,000 3 - 12 0% - 20% 0% - 20% Any Purpose Women, Men Credit Educ, Business Training, Education Finance

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
Group Loan 24.4% - 25.4% 26.3% - 27.3% 29.1% - 30.2% Yes Info awaited Info awaited 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 24.5%-26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 26.3% - 27.3% 29.1% - 30.2% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 24.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 19.7% - 29.3% 29.9% - 42.4% 63
Commerce Loan 24.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 27.8% - 78.1% 40.8% - 110.7% 39
Others Loan 24.00%-60.00% annual, Decl Bal 2 Fees 1 Ins None 20.00% upfront 27.3% - 78.1% 42.5% - 110.7% 35

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
Group Loan 24.4% - 25.4% 26.3% - 27.3% 29.1% - 30.2% Yes Info awaited Info awaited 99

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 24.5%-26.0% annual, Decl Bal 1 Fee 1 Ins Ins 12.36% fees N/A 26.3% - 27.3% 29.1% - 30.2% 83

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 24.00% annual, Decl Bal 2 Fees 1 Ins Ins None 20.00% upfront 19.7% - 29.3% 29.9% - 42.4% 63
Commerce Loan 24.00% annual, Decl Bal 2 Fees 1 Ins Ins None 20.00% upfront 27.8% - 78.1% 40.8% - 110.7% 39
Others Loan 24.00%-60.00% annual, Decl Bal 2 Fees 1 Ins Ins None 20.00% upfront 27.3% - 78.1% 42.5% - 110.7% 35
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