Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.firstfinance.biz |
Year established | 2009 |
Head of Institution | Lim Hak Khoun (Kevin) |
Regions active | Battambang, Kandal, Phnom PenhSiem Reap |
# Branches | 3 |
Total Portfolio (nat'l) | KHR 23,500,000,000 |
Total Portfolio (USD) | USD 5,949,367.09 |
Active clients with loans | 564 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 80% - 100% |
Network affiliations | Cambodian Microfinance Association (CMA) |
Funders | First Home Plc, Insitor Fund SCA, Poems Pte Ltd |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Housing Loan | USD 1,000 - 37,500 | 12 - 180 | 20% - 40% | 80% - 100% | Housing | Women, Men |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Housing Loan | 18.0%-24.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 20% - 26.2% | 22% - 30.5% | 70 |
Outstanding portfolio (GHS) | GHS 35,680 |
Portfolio (USD) | USD 18,111.68 |
Active Clients with Loans | 415 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Currency | GHS |
Minimum loan size | GHS 100 |
Maximum loan size | GHS 200 |
Shortest loan term | 12.0 months |
Longest loan term | 16.0 months |
Approx average | 16.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 2 |
Fixed amount - max | 2 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 200 | GHS 200 | GHS 200 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-06-06 | 2011-04-22 | 2011-06-06 | ||
Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 77.7% | 77.7% | 77.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 77.7% | 77.7% | 77.7% | ||
Transparency Index | 46 | 46 | 46 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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