Outstanding portfolio (USD) | USD 178,652 |
Portfolio (USD) | USD 178,652 |
Active Clients with Loans | 400 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
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 | USD |
Minimum loan size | USD 200 |
Maximum loan size | 2,000 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 10.0 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 | 21.00% |
Highest quoted nominal interest | 21.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | seguro de desgravamen |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | 7.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | USD 4 |
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 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,000 | USD 2,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-05-17 | 2010-04-01 | 2010-04-27 | ||
Loan Term (Months) | 6.0 months | 18.0 months | 24.0 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 | 20.8% | 21.0% | 21.0% | ||
Insurance Component | 3.5% | 1.4% | 1.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 4.6% | 4.7% | 4.0% | ||
Full APR (int fee ins tax dep) | 28.9% | 27.0% | 26.0% | ||
Transparency Index | 73 | 78 | 81 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://www.ahantamanruralbank.com/ |
Year established | 1984 |
Head of Institution | John Dadzie |
Regions active | Western Region |
# Branches | 12 |
Total Portfolio (nat'l) | GHS 19,495,388.08 |
Total Portfolio (USD) | USD 9,896,136.08 |
Active clients with loans | 23,850 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | GHAMFIN, ARB APEX, BOG |
Funders | SPEED Ghana |
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% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Salary Loan | GHS 200 - 12,000 | 12 - 36 | 40% - 60% | 80% - 100% | Any Purpose | Women, Men, Salaried worker | Credit Ins, Tech Asst Visits | |||||||
Sundry (SME) Loan | GHS 5,000 - 25,000 | 3 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Credit Ins, Business Training | |||||||
Susu Loan | GHS 500 - 5,000 | 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Credit Ins, 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 | 1 Fee | 1 Ins | None | 10.00% upfront | 86.3% - 86.7% | 107.7% - 108% | 44 | ||||||||
Salary Loan | 25.50%-38.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 47.1% - 62% | 48.8% - 65.3% | 45 | ||||||||
Sundry (SME) Loan | 35.00%-37.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 66.3% - 66.4% | 69.6% - 69.7% | 50 | ||||||||
Susu Loan | 35.00%-37.00% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 66% - 66.6% | 69.2% - 69.9% | 50 |
Key Statistics | |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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