2. Sonata Finance
Please note that the information you are viewing is 135 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Simli Pong
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sonata Finance Private Limited 1/ 1 Rai Bahadur Ram Charan Das Road,Balrampur HouseAllahabad, Uttar Pradesh211002
Data approved: 2011-01-17
Data version: 2
Age of data: -   months 
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Institution

Simli Pong SimplipongTamale, Northern Region
Data approved: 2011-12-07
Data version: 1
Age of data: 151 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.sonataindia.com/
Year established2006
Head of InstitutionAnup Kumar Singh
Regions active0
# Branches121

Total Portfolio (nat'l)INR 905,699,293
Total Portfolio (USD)USD 20,126,650.96
Active clients with loans128,606
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliations

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1986
Head of InstitutionNantogma Issah Abdulai
Regions active
# Branches6

Total Portfolio (nat'l)GHS 927,856
Total Portfolio (USD)USD 470,992.89
Active clients with loans8,970
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsASSFIN, GHAMFIN
Funders

Loan Products » Summary

Income
128,116 Borrowers
USD 19,912,840.07 Portfolio
Active Product
Individual
490 Borrowers
USD 213,810.89 Portfolio
Active Product

Loan Products » Summary

Agriculture
120 Borrowers
USD 36,781.73 Portfolio
Active Product
Agro-Process
5,720 Borrowers
USD 319,147.72 Portfolio
Active Product
Trading
3,100 Borrowers
USD 107,104.06 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Income Generating Loan INR 8,500 - 19,650 5.8 - 11.6 80% - 100% 20% - 40% Business Women Credit Educ, Group Mtgs, Credit Ins
Individual Loan INR 20,000 - 35,000 12 - 24 80% - 100% 0% - 20% Business Women, Men, Have business Credit Educ, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan GHS 300 - 500 6 - 12 40% - 60% 0% - 20% Business, Farming Women, Men, Must be in a group, must have a farm Group Mtgs, Credit Ins, Other Training
Agro-Processing Loan GHS 100 - 2,100 6 - 12 80% - 100% 0% - 20% Business, for agro-processing activities Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Trading Loan GHS 100 - 1,200 12 80% - 100% 20% - 40% Business, petty trading Women Credit Educ, Group Mtgs, 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
Income Generating Loan 29.5% 29.5% - 31% 30.6% - 32.4% 95
Individual Loan 0% 34% - 34.6% 35.1% - 35.8% 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
Income Generating Loan 28.0% annual, Decl Bal 1 Fee 0 Ins None N/A 29.5% - 31% 30.6% - 32.4% 88
Individual Loan 32.0% annual, Decl Bal 1 Fee 0 Ins None N/A 34% - 34.6% 35.1% - 35.8% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.00% annual, Flat 0 Fees 0 Ins None N/A 29.8% - 30.1% 29.8% - 30.1% 66
Agro-Processing Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 44.4% - 57.6% 52.1% - 68.6% 45
Trading Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None N/A 51.2% - 60.8% 51.2% - 60.8% 47

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
Income Generating Loan 29.5% 29.5% - 31% 30.6% - 32.4% 95
Individual Loan 0% 34% - 34.6% 35.1% - 35.8% 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
Income Generating Loan 28.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 29.5% - 31% 30.6% - 32.4% 88
Individual Loan 32.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 34% - 34.6% 35.1% - 35.8% 90

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.00% annual, Flat 0 Fees 0 Ins Ins None N/A 29.8% - 30.1% 29.8% - 30.1% 66
Agro-Processing Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins Ins None 10.00% upfront 44.4% - 57.6% 52.1% - 68.6% 45
Trading Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins Ins None N/A 51.2% - 60.8% 51.2% - 60.8% 47
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