Outstanding portfolio (BOB) | BOB 2,939,005 |
Portfolio (USD) | USD 435,408.15 |
Active Clients with Loans | 141 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | BOB |
Minimum loan size | BOB 70,000 |
Maximum loan size | 70,000 |
Shortest loan term | 60.0 months |
Longest loan term | 60.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 16.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Seguro de Vida |
% of loan amount - min | 6.00% |
% of loan amount - max | 6.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | BOB 50 - N/A |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 - BOB 50 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | BOB 70,000 | BOB 70,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2010-08-12 | 2010-09-20 | |
Loan Term (Months) | 60.0 months | 60.0 months | |
Grace Period (Months) | 0.0 months | 0.0 months | |
Total Cost of Credit | Not Known | Not Known | |
True Price by Comp | |||
Interest and Fee Component | 16.9% | 16.9% | |
Insurance Component | 0.0% | 0.0% | |
Tax Component | 0.6% | 0.6% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 17.6% | 17.6% | |
Transparency Index | 91 | 91 | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1997 |
Head of Institution | Mr James Acquaye |
Regions active | Northern Region |
# Branches | 3 |
Total Portfolio (nat'l) | GHS 4,468,812 |
Total Portfolio (USD) | USD 2,268,432.49 |
Active clients with loans | 13,801 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | UNDP, TRIAS GHANA, SPEED GHANA, Oxfam |
Funders | TRAIS, UNDP, SPEED, NORTHFIN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credit With Education (CWE) Loan | GHS 200 - 1,000 | 6 - 8 | 80% - 100% | 0% - 20% | Business | Women, Have business, Specific age group, Must be 18 years of age., Must have residence in the community near relevant branch. | Credit Ins | |||||||
Salary Loan | GHS 500 - 15,000 | 6 - 36 | 40% - 60% | 0% - 20% | Consumer, Education | Women, Men, Salaried worker | Credit Ins, Overdraft |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Credit With Education (CWE) Loan | 20.00% annual, Flat | 0 Fees | 0 Ins | None | 20.00% upfront | 67% | 97.5% | 20 | ||||||||
Salary Loan | 30.00% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 46.7% - 48.4% | 46.7% - 48.4% | 62 |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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