Institution

Asomi Finance Private Limited 2nd Floor, Above SBI ATMBharalumukhGuwahati, Assam781009
Data approved: 2010-10-25
Data version: 1
Age of data: 164 months

Institution

Atwima Kwanwoma Rural Bank Head OfficeKumasi, AshantiP.O. Box 6921
Data approved: 2013-03-18
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?Yes
Website addresshttp://www.asomi.co.in/
Year established2008
Head of InstitutionSubhrajyoti Bharali
Regions active
# Branches50

Total Portfolio (nat'l)INR 251,500,000
Total Portfolio (USD)USD 4,745,283.02
Active clients with loans50,326
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.akrbank.com/
Year established1983
Head of InstitutionStephen Sarfo Kantanka
Regions activeAshanti Region
# Branches6

Total Portfolio (nat'l)GHS 3,523,066
Total Portfolio (USD)USD 1,788,358.38
Active clients with loans3,892
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, ARB Apex
Funders

Loan Products » Summary

1,301 Borrowers
USD 241,509.43 Portfolio
Active Product
SHG
49,025 Borrowers
USD 4,501,886.79 Portfolio
Active Product

Loan Products » Summary

2,653 Borrowers
USD 543,270.43 Portfolio
Active Product
1,239 Borrowers
USD 1,245,088.15 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Entrepreneurship Development Loan INR 25,000 - 50,000 10 - 12 0% - 20% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins, Tech Asst Visits, Business Training
SHG Loan INR 5,000 - 25,000 12 60% - 80% 0% - 20% Business Women Group Mtgs, Tech Asst Visits, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan GHS 500 - 5,000 6 - 12 60% - 80% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Susu Loan GHS 300 - 30,000 6 - 12 40% - 60% 80% - 100% Business Women, Men, Have business Credit Educ, Business Training

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
Entrepreneurship Development Loan 0% 33% 45.6% N/A
SHG Loan 0% 28.8% - 29.2% 39.4% - 40.7% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Entrepreneurship Development Loan 16.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 33% 45.6% 35
SHG Loan 15.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 28.8% - 29.2% 39.4% - 40.7% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 32.00% annual, Flat 1 Fee 1 Ins None 25.00% upfront 62.7% - 65.3% 108.4% - 114.8% 28
Susu Loan 32.00% annual, Flat 1 Fee 0 Ins None 33.33% upfront 66.5% - 69.9% 139.1% - 152.3% 22

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
Entrepreneurship Development Loan 0% 33% 45.6% N/A
SHG Loan 0% 28.8% - 29.2% 39.4% - 40.7% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Entrepreneurship Development Loan 16.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 33% 45.6% 35
SHG Loan 15.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 28.8% - 29.2% 39.4% - 40.7% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 32.00% annual, Flat 1 Fee 1 Ins Ins None 25.00% upfront 62.7% - 65.3% 108.4% - 114.8% 28
Susu Loan 32.00% annual, Flat 1 Fee 0 Ins Ins None 33.33% upfront 66.5% - 69.9% 139.1% - 152.3% 22
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