Outstanding portfolio (COP) | COP 1,671,063,163 |
Portfolio (USD) | USD 918,166.57 |
Active Clients with Loans | 734 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de Moto |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 2,891,000 |
Maximum loan size | 5,301,900 |
Shortest loan term | 1.0 month |
Longest loan term | 36.0 months |
Approx average | 32.0 months |
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 | 1.90% |
Highest quoted nominal interest | 1.90% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comisio Ley Mipyme |
% of loan amount - min | 7.50% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | FNG |
% of loan amount - min | 6.18% |
% of loan amount - max | 6.18% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Vida Deudores | Seguro todo riesgo por la moto | |
% of loan amount - min | 20.00% | 0 | |
% of loan amount - max | 30.00% | 0 | |
OR, Fixed amount - min | 0 | 6 | |
Fixed amount - max | 0 | 8 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | COP 3,190,000 | COP 3,642,500 | COP 3,723,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-23 | 2011-02-19 | 2011-03-30 | ||
Loan Term (Months) | 36.0 months | 24.0 months | 36.0 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 | 22.4% | 22.6% | 22.2% | ||
Insurance Component | 2.8% | 13.5% | 11.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 25.3% | 36.1% | 34.1% | ||
Transparency Index | 90 | 63 | 67 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.asainitiative.org/ |
Year established | 2006 |
Head of Institution | Mrs. Veronica Agodoa Kitti |
Regions active | Central Region |
# Branches | 5 |
Total Portfolio (nat'l) | GHS 1,137,233 |
Total Portfolio (USD) | USD 577,275.63 |
Active clients with loans | 4,535 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 0 |
Network affiliations | ASSFIN, GHAMFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Group Loan | GHS 2,000 - 14,000 | 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Six Months Individual Loan | GHS 600 - 10,000 | 1 - 6 | 40% - 60% | 0% - 20% | Business, Other | Women, Men, Have business, Specific age group | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Green Energy-Solar Loan | GHS 70 - 200 | 2 - 6 | 20% - 40% | 0% - 20% | Business, Consumer | Women, Men, Specific age group | Credit Educ, Credit Ins, Tech Asst Visits |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Six Months Group Loan | 44.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 82.2% - 82.4% | 86% - 86.2% | 51 | ||||||||
Six Months Individual Loan | 44.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 82.2% - 83.1% | 86% - 86.9% | 50 | ||||||||
Green Energy-Solar Loan | 36.00%-40.00% annual, Flat | 0 Fees | 1 Ins | None | N/A | 57.4% - 64.1% | 60.9% - 67.7% | 56 |
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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