2. Crezcamos
Please note that the information you are viewing is 166 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. FASL
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Crezcamos S.A. Calle 47 # 29 - 65 SotomayorBucaramanga, Santander
Data approved: 2011-03-15
Data version: 1
Age of data: 166 months

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 139 months

Product

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Product

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Product Summary

Number borrowers19,006
Loan Amount (range)COP 500,000 - 13,300,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method28.8%-34.0% annual, Decl Bal
Fees18,638.00-37,250.00 upfront 4.50%-7.50% ongoing
Insurance5.00% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component42.7% - 49.4% (Int+Fee)
Insurance Component0.3% - 1.1%
Tax Component Range0
Full APR (int fee ins tax dep)43.6% - 50.3%
Transparency Index (min/max)57 - 73
Transparency Index (average)61

Product Summary

1,134
GHS 1,000 - 300,000
1 - 24
Business Training, Other Training
31.0%-41.0% annual, Flat
2.00% upfront
None
None
5.0%-25.0% upfront
 
31.3% - 66.8%
1.5% - 10.9%
0
0
91.1% - 116.2%
27 - 76
29

Product Details

Key Statistics
Outstanding portfolio (COP)COP 26,646,745,449
Portfolio (USD)USD 14,641,068.93
Active Clients with Loans19,006
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Es un crédito primario que financia la producción o comercio de bienes y/o servicios y en general lo que el cliente necesite para su negocio.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 9,547,816.32
Portfolio (USD)USD 4,846,607.27
Active Clients with Loans1,134
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Targeted at individuals and businesses who wish to expand their businesses, and utilize the facility to meet cash flow needs. It is available to anybody with an existing account relationship with First Allied.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyCOP
Minimum loan sizeCOP 500,000
Maximum loan size13,300,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0005%
GHS 1,000-5,00020%
GHS 5,000-7,50020%
GHS 7,500-10,00015%
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months15%
Between 7 and 9 months20%
Between 10 and 12 months40%
Between 13 and 18 months15%
Longer than 18 months5%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.40%
Highest quoted nominal interest2.83%
Reason(s) why interest rate variesN/A
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionConsulta Centrales de Riesgo
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min18,638
Fixed amount - max37,250
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionComision Mipyme. Anual + IVA
% of loan amount - min4.50%
% of loan amount - max7.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de Vida Deudores
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Sobre el valor que se cobra de comisiones y honorarios se cobra un impuesto de IVA del 16%. No se incluyó como impuesto en la sección anterior porque no se liquida sobre el desembolso ni sobre el valor de la comisión. De otra parte se liquida proporcionalmente al plazo de la obigacion y las tasas expresadas son en tasas anuales.

Pricing Information

Interest
Lowest quoted nominal interest31.00%
Highest quoted nominal interest41.00%
Reason(s) why interest rate variesInterest varies based on loan duration
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 25.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Credinegocio samples
Sample 1Sample 2
Loan AmountCOP 1,500,000COP 3,500,000
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2011-02-092011-02-19
Loan Term (Months)15.0 months24.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component49.4%42.7%
Insurance Component0.9%0.9%
Tax Component0.0%0.0%
Deposit Component0.0%0.0%
Full APR (int fee ins tax dep)50.3%43.6%
Transparency Index5766
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF

Full Pricing Data

Commercial Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 1,500GHS 3,000GHS 6,000GHS 9,000GHS 12,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-042013-05-242013-06-112013-05-162013-05-022013-05-03
Loan Term (Months)6.0 months6.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 336GHS 672GHS 2,580GHS 3,864GHS 5,160GHS 6,444
True Price by Comp           
Interest price component65.0%64.6%66.8%66.5%66.6%66.5%
Fee Component7.2%7.3%4.1%4.1%4.1%4.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component44.0%43.8%41.0%40.7%29.7%20.4%
Full APR (int fee ins tax dep)116.2%115.7%111.9%111.3%100.4%91.1%
Transparency Index272728283134
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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