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

Tamale Community Credit Union Head OfficeTamale, Northern Region
Data approved: 2013-04-29
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 TypeCredit Union / Cooperative
Is this institution regulated?No
Website addressN/A
Year established2004
Head of InstitutionAkaare Emmanuel
Regions activeNorthern Region
# Branches1

Total Portfolio (nat'l)GHS 64,800
Total Portfolio (USD)USD 32,893.40
Active clients with loans145
Approximate % female clients40% - 60%
Approximate % urban clients0% - 20%
Network affiliationsCUA, GHAMFIN
FundersSENDFINCO (SEND Ghana)

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

89 Borrowers
USD 16,243.65 Portfolio
Active Product
52 Borrowers
USD 7,614.21 Portfolio
Active Product
4 Borrowers
USD 9,035.53 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 » 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
Business Loan GHS 150 - 10,000 1 - 18 40% - 60% 20% - 40% Business Women, Men, Have business Group Mtgs
Microfinance Loan GHS 120 - 250 4 80% - 100% 0% - 20% Business Women, must be in a group and in the community Credit Educ, Group Mtgs

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
Business Loan 36.00% annual, Decl Bal 1 Fee 1 Ins None 50.00% upfront 38.1% - 40.2% 162.3% - 175.1% 21
Microfinance Loan 30.00% annual, Flat 1 Fee 0 Ins None N/A- upfront 60.9% - 63.6% 63% - 69.5% 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
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
Business Loan 36.00% annual, Decl Bal 1 Fee 1 Ins Ins None 50.00% upfront 38.1% - 40.2% 162.3% - 175.1% 21
Microfinance Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None N/A- upfront 60.9% - 63.6% 63% - 69.5% 45
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