| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1998 |
| Head of Institution | CARLOS MARZON ORTIZ |
| Regions active | |
| # Branches | 15 |
| Total Portfolio (nat'l) | USD 46,867,654 |
| Total Portfolio (USD) | USD 46,867,654 |
| Active clients with loans | 15,532 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Red Financiera Rural |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credidesarrollo | USD 200 - 15,000 | 6 - 38 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
| Crediemergente | USD 500 - 1,000 | 2 - 14 | 40% - 60% | 60% - 80% | Any Purpose | Women, Men | ||||||||
| Credimicroempresarial | USD 400 - 20,000 | 6 - 50 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Ins, Seguro de Desgravamen | |||||||
| Crediparticular | USD 200 - 15,000 | 5 - 38 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Salaried worker | Credit Ins, Seguro de Desgravamen | |||||||
| Creditierras | USD 1,000 - 15,000 | 15 - 62 | 20% - 40% | 60% - 80% | Business, Compra, o legalización, o la titularización de la , tierra destinada a la prducción agrícola, pecuaria | Women, Men, Orientado a organizaciones campesinas y/o miembros de organizaciones campesinas | Credit Ins, Seguro de Desgravamen | |||||||
| Credivivienda | USD 1,000 - 25,000 | 8 - 86 | 40% - 60% | 60% - 80% | Housing, Adquisicion, Construccion, Terminacion de vivienda | Women, Men | Credit Ins, Seguro de Desgravamen |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credidesarrollo | 16.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 16% | 16% | 100 | ||||||||
| Crediemergente | 14.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 82 | ||||||||
| Credimicroempresarial | 11.4%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 17% | 17% | 67 | ||||||||
| Crediparticular | 14.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 14% | 14% | 100 | ||||||||
| Creditierras | 12.0%-13.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 12% | 12% | 100 | ||||||||
| Credivivienda | 10.0%-17.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 10% - 17% | 10% - 17% | 71 |
| Outstanding portfolio (GHS) | GHS 428,960 |
| Portfolio (USD) | USD 217,746.19 |
| Active Clients with Loans | 1,070 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | some have businesses, others are salary workers like teachers and nurses |
| Other (2) |
| Currency | GHS |
| Minimum loan size | GHS 1,200 |
| Maximum loan size | 1,200 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | 40.00% |
| Highest quoted nominal interest | 40.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Membership Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 1 |
| Fixed amount - max | 6 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | |
|---|---|
| Loan Amount | GHS 1,200 |
| Loan Cycle (1, 2, 3, etc) | Not Known |
| Disbursement Date | 2010-12-23 |
| Loan Term (Months) | 6.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 64.7% |
| Insurance Component | 0 |
| Tax Component | 0 |
| Deposit Component | 12.1% |
| Full APR (int fee ins tax dep) | 76.8% |
| Transparency Index | 52 |
| Original Repayment Schedule | |
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
