Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 1,000
Maximum loan size	37,500

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	180.0 months
Approx average	120.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	10%
Longer than 18 months	90%

Grace Period

Grace period usage	0
Average grace period	3.0 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

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 100
Maximum loan size	5,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	6.0 months
Approx average	3.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	30
Fixed amount - max	150
Reason for variation	Depends on loan purpose. Home Improvement = $30 min-1.5% max. Home Loan = $150 min-1.5% max
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Annual Fire & Personal Accident Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	50
Fixed amount - max	100
Reason for variation	Depends on condition of house
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?

No

Additional Comments

For the clients who chose to pay the insurance fee through First Finance. The MFI pays at the beginning of the year and the clients repays the insurance fee in the monthly installments. For the clients who agreed to pay the insurance fee directly to the insurance company at beginning of the year, the repayment schedule shows no apparent insurance fee.

Pricing Information

Interest

Upfront Fees

	Fee 1
Description	Administration Fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

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	20.00% - N/A
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?

No

Additional Comments

Our licence does not allow us to take savings. The money we ask group to save if to check how they organize themselves and if they are ready for the loan, it is more a collateral.

Housing Loan Price Graphs

Group Loan Price Graphs