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Institution
Data approved: 2013-03-12
Data version: 2
Age of data: 141 months
Key Statistics
| Outstanding portfolio (GHS) | GHS 2,448,297 |
| Portfolio (USD) | USD 1,242,790.36 |
| Active Clients with Loans | 7,428 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Agriculture loan is designed to offer loans to farmers for farm input purchase etc.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Farming |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | Farmers |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 6 |
| # Regions for this product | 5 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region |
Loan Conditions
Loan Amount
| Currency | GHS |
| Minimum loan size | GHS 130 |
| Maximum loan size | 10,000 |
Distribution at Disbursement (Est.)
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
Loan Term and Grace Period
| Shortest loan term | 6.0 months |
| Longest loan term | 9.0 months |
| Approx average | 7.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 90% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 100% |
| Average grace period | 6.0 months |
Repayment Frequency
| 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 | |
Pricing Information
Interest
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
Upfront Fees
| Fee 1 | | Fee 2 |
|---|
| Description | Processing Fee | | Application Fee |
| % of loan amount - min | 3.50% | | 0 |
| % of loan amount - max | 3.50% | | 0 |
| OR, Fixed amount - min | 0 | | 3 |
| Fixed amount - max | 0 | | 3 |
| Reason for variation | N/A | | N/A |
| Appears on Repayment Sched? | No | | No |
Ongoing Fees
This product has no ongoing feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
| Ins 1 |
|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% of total loan amount, divided and charged equally throughout loan term. |
| Appears on Repayment Sched? | Yes |
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | End Term |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 |
|---|
| Loan Amount | GHS 297 | | GHS 750 | | GHS 1,530 | | GHS 3,000 | | GHS 5,600 |
| Loan Cycle (1, 2, 3, etc) | Not Known | | Not Known | | Not Known | | Not Known | | Not Known |
| Disbursement Date | 2012-05-04 | | 2012-12-21 | | 2012-05-31 | | 2012-10-02 | | 2012-10-12 |
| Loan Term (Months) | 10.0 months | | 4.9 months | | 9.0 months | | 10.0 months | | 5.8 months |
| Grace Period (Months) | 5.6 months | | 2.0 months | | 4.7 months | | 0.4 months | | 2.9 months |
| Total Cost of Credit | GHS 92.10 | | GHS 145.50 | | GHS 424.41 | | GHS 1,071.20 | | GHS 1,227.81 |
| True Price by Comp | | | | | | | | | |
| Interest price component | 33.9% | | 41.5% | | 34.8% | | 57.3% | | 40.1% |
| Fee Component | 6.9% | | 12.3% | | 6.4% | | 8.1% | | 9.1% |
| Insurance Component | 1.2% | | 2.7% | | 1.3% | | 1.7% | | 2.2% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 5.0% | | 7.3% | | 5.2% | | 11.7% | | 6.3% |
| Full APR (int fee ins tax dep) | 47.0% | | 63.8% | | 47.7% | | 78.8% | | 57.7% |
| Transparency Index | 77 | | 56 | | 75 | | 46 | | 62 |
| | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs
