2. RML
Please note that the information you are viewing is 136 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Janalakshmi
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

Rwanda Microfinance Limited Head OfficeKigaliPO Box 6839
Data approved: 2012-08-10
Data version: 2
Age of data: 136 months
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Institution

Janalakshmi Financial Services (P) Ltd. No. 302, 7th Cross, 4th Main, Domlur LayoutBangalore, Karnataka560071
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.microafricagroup.com/
Year established2004
Head of InstitutionBernard Kivava
Regions activeMuhanga, Musanze, Nyarugenge
# Branches4

Total Portfolio (nat'l)RWF 2,223,220,010
Total Portfolio (USD)USD 3,473,781.27
Active clients with loans4,960
Approximate % female clients20% - 40%
Approximate % urban clients20% - 40%
Network affiliationsAMIR
FundersMicro Africa Ltd, Ezra Bunyenyezi

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.janalakshmi.com/
Year established2006
Head of InstitutionVS Radhakrishnan
Regions active0
# Branches19

Total Portfolio (nat'l)INR 1,667,106,026
Total Portfolio (USD)USD 37,046,800.58
Active clients with loans173,918
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliations

Loan Products » Summary

Group
3,231 Borrowers
USD 776,788 Portfolio
Active Product
Salary
957 Borrowers
USD 835,114.53 Portfolio
Active Product
SME
772 Borrowers
USD 1,862,441.23 Portfolio
Active Product

Loan Products » Summary

Education
1,189 Borrowers
USD 272,796.29 Portfolio
Active Product
Small Group
171,534 Borrowers
USD 35,678,590.44 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan RWF 30,000 - 1,000,000 6 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan RWF 100,000 - 5,000,000 6 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
SME Loan RWF 1,000,000 - 15,000,000 6 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Education Loan INR 5,000 - 50,000 12 - 24 60% - 80% 60% - 80% Education Women, Men, Must have children who are studying until the age of 24 yrs Credit Educ
Small Group Loan INR 5,000 - 30,000 9 - 24 80% - 100% 80% - 100% Business, Housing, Consumer, Education, Other Women, group members must live within each other's vicinity, must demonstrate capacity to repay Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Decl Bal 1 Fee 1 Ins None 10.00% upfront 59% - 62.4% 72.5% - 78.4% 63
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins None N/A 52.7% - 67.3% 55.3% - 71.4% 75
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins None 0.00%-20.00% upfront 56.2% - 66.3% 88.3% - 101.3% 49

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
Education Loan 30.6% #N/A #N/A 78
Small Group Loan 0% #N/A #N/A 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
Education Loan 24.0% annual, Decl Bal 1 Fee 0 Ins None 10.0% upfront #N/A #N/A 63
Small Group Loan 28.0%-30.0% annual, Decl Bal 1 Fee 0 Ins None 10.0% upfront #N/A #N/A 63

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Decl Bal 1 Fee 1 Ins Ins None 10.00% upfront 59% - 62.4% 72.5% - 78.4% 63
Salary Loan 48.00%-60.00% annual, Decl Bal 2 Fees 1 Ins Ins None N/A 52.7% - 67.3% 55.3% - 71.4% 75
SME Loan 48.00%-60.00% annual, Decl Bal 1 Fee 1 Ins Ins None 0.00%-20.00% upfront 56.2% - 66.3% 88.3% - 101.3% 49

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
Education Loan 30.6% #N/A #N/A 78
Small Group Loan 0% #N/A #N/A 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
Education Loan 24.0% annual, Decl Bal 1 Fee 0 Ins Ins None 10.0% upfront #N/A #N/A 63
Small Group Loan 28.0%-30.0% annual, Decl Bal 1 Fee 0 Ins Ins None 10.0% upfront #N/A #N/A 63
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Loan Portfolio (USD)
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% Products with one or more fee
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% Products with compulsory deposits
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