2. RAFODE
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Arman
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Rural Agency for Development P.O. Box 28Kisumu, Nyanza
Data approved: 2013-06-20
Data version: 2
Age of data: 134 months
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Institution

Arman Financial Services Limited 502-3-4, Sakar IIIOff. Ashram Road,Opp. Old High CourtAhmedabad, Gujarat380014
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.rafode.org/
Year established2005
Head of InstitutionAntony Mayodi
Regions activeNyanza, Rift Valley, Western
# Branches2

Total Portfolio (nat'l)KES 31,000,000
Total Portfolio (USD)USD 374,396.14
Active clients with loans3,120
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?N/A
Website addresshttp://www.armanindia.com/
Year established1992
Head of InstitutionJayendra Patel
Regions active0
# Branches13

Total Portfolio (nat'l)INR 78,547,932
Total Portfolio (USD)USD 1,745,509.60
Active clients with loans10,702
Approximate % female clients80% - 100%
Approximate % urban clients40% - 60%
Network affiliations

Loan Products » Summary

Business
2,912 Borrowers
USD 356,288.93 Portfolio
Active Product

Loan Products » Summary

Group
10,702 Borrowers
USD 1,745,510 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan KES 3,000 - 78,000 6 - 18 60% - 80% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Home-based care training, HIV/AIDS counseling

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan INR 5,000 - 20,000 8.1 - 11.5 80% - 100% 40% - 60% Business, Housing, Education, Other Women, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 18.0%-36.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 200.00 ongoing 38.7% - 125% 110% - 232.9% 11

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 0 26.8% - 38.6% 29.4% - 39.8% 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
Group Loan 17.5% annual, Flat 1 Fee 0 None N/A 26.8% - 38.6% 29.4% - 39.8% 52

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 18.0%-36.0% annual, Flat 1 Fee 1 Ins Ins None 20.0% upfront 200.00 ongoing 38.7% - 125% 110% - 232.9% 11

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 0 26.8% - 38.6% 29.4% - 39.8% 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
Group Loan 17.5% annual, Flat 1 Fee 0 None N/A 26.8% - 38.6% 29.4% - 39.8% 52
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% Products with compulsory deposits
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