| Outstanding portfolio (COP) | COP 114,925,140 |
| Portfolio (USD) | USD 63,145.68 |
| Active Clients with Loans | 215 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | FRG |
| Other (2) | Estudios de Crédito |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| 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 | COP |
| Minimum loan size | COP 535,600 |
| Maximum loan size | 535,600 |
| Loans less than COP 5,000,000 | 100% |
| COP 5,000,000-20,000,000 | 0 |
| COP 20,000,000-35,000,000 | 0 |
| COP 35,000,000-50,000,000 | 0 |
| COP 50,000,000-65,000,000 | 0 |
| Greater than COP 65,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 2.10% |
| Highest quoted nominal interest | 2.46% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Estudio de Credito (monto con cada pago) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 27,800 |
| Fixed amount - max | 27,800 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL | SEGURO DE DEUDOR Y SEGURO DE VIDA | |
| % of loan amount - min | 1.35% | 0 | |
| % of loan amount - max | 1.40% | 0 | |
| OR, Fixed amount - min | 0 | 1,210 | |
| Fixed amount - max | 0 | 4,770 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | 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 |
| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1999 |
| Head of Institution | Paul Kojo Kombian |
| Regions active | Greater Accra Region, Central Region |
| # Branches | 7 |
| Total Portfolio (nat'l) | GHS 4,652,554 |
| Total Portfolio (USD) | USD 2,361,702.54 |
| Active clients with loans | 3,831 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | ARB APEX, GHAMFIN, Freedom from Hunger |
| Funders | OikoCredit, SPEED Ghana, ARB APEX Bank |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | GHS 500 - 3,000 | 4 - 6 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
| Salary Loan | GHS 200 - 25,000 | 1 - 12 | 40% - 60% | 60% - 80% | Business, Education | Women, Men, Have business, Salaried worker | Credit Educ, Business Training | |||||||
| Business Loan | GHS 200 - 25,000 | 1 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Business Training | |||||||
| Mobile Banking Loan | GHS 200 - 25,000 | 1 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Business Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 48.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 103.1% - 106% | 123.7% - 127.3% | 38 | ||||||||
| Salary Loan | 32.00% annual, Flat | 2 Fees | 0 Ins | None | N/A | 57.3% - 73.4% | 57.3% - 73.4% | 47 | ||||||||
| Business Loan | 35.00% annual, Flat | 2 Fees | 0 Ins | None | N/A | 68.2% - 68.7% | 68.2% - 68.7% | 51 | ||||||||
| Mobile Banking Loan | 48.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 104.9% - 107.4% | 127.1% - 130.5% | 37 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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