African Gate Financial Support - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

African Gate Financial Support Hse No.118/1 Bekwai Rd,near Old John Sarbah Rd, Market Circle,Takoradi, Western Region233

Data approved: 2011-12-07

Data version: 1

Age of data: 157 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.africangatesupport.com/
Year established	2008
Head of Institution	Joris Eduamah
Regions active	Western Region
# Branches	2

Total Portfolio (nat'l)	GHS 93,619
Total Portfolio (USD)	USD 47,522.34
Active clients with loans	225
Approximate % female clients	60% - 80%
Approximate % urban clients	60% - 80%
Network affiliations
Funders	Neurotical Ideas Ltd

Loan Products » Summary

Group Loan

181 Borrowers

USD 17,766.50 Portfolio

Active Product

SME Loan

44 Borrowers

USD 29,441.62 Portfolio

Low Volume Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Group Loan		GHS 100 - 5,000		1 - 6		80% - 100%		40% - 60%		Business, Housing, Consumer, Education		Women, Men		Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Group Loan		72.00%-88.20% annual, Flat		1 Fee		0		None		20.00%- upfront		168.1% - 207.8%		242.2% - 311.7%		25

Institution Price Graph

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Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

ProMujer Bolivia Avenida Hernando Siles No 5411La Paz

Data approved: 2013-10-30

Data version: 2

Age of data: 130 months

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Product

Banca Comunal Rural Product 16 of 16 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 23,728,217.11
Portfolio (USD)	USD 3,515,291.42
Active Clients with Loans	15,978
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Credito a banca comunal con un minimo de 8 personas. Forma parte del programa de desarrollo rural enfocado en zonas rurales.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance	x
Workplace visits
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Los clientes nuevos no necesitan tener un negocio (suficiente con un plan de negocio)
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	9
# Regions for this product	8
Regions Active	Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 300
Maximum loan size	18,000

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	90%
BOB 10,000-40,000	10%
BOB 40,000-70,000	0
BOB 70,000-100,000	0
BOB 100,000-125,000	0
Greater than BOB 125,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	7.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	50%
Between 10 and 12 months	20%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks	x
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	35.00%
Highest quoted nominal interest	35.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Paquete de Seguro Desgravamen y Vida
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	2.50
Fixed amount - max	2.50
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	All
Criteria	First cycle loans: 0% upfront deposit requirement. Multiple cycle loans - 20% upfront deposit requirement
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	0 - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	0.06%
Maximum interest rate paid	0.80%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Banca Comunal Rural samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	BOB 1,000	BOB 3,000	BOB 5,000	BOB 7,000	BOB 9,000	BOB 16,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-12-06	2013-12-06	2013-12-06	2013-12-06	2013-12-06	2013-12-06
Loan Term (Months)	7.0 months	5.6 months	7.0 months	11.0 months	5.6 months	11.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	BOB 146	BOB 307.32	BOB 651.68	BOB 1,328.64	BOB 891.96	BOB 2,999.96
True Price by Comp
Interest price component	35.0%	35.1%	35.0%	35.0%	35.0%	35.0%
Fee Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Insurance Component	5.3%	1.7%	1.1%	0.8%	0.6%	0.4%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	2.8%	2.5%	22.8%	22.5%	21.9%	22.2%
Full APR (int fee ins tax dep)	43.1%	39.3%	58.9%	58.3%	57.5%	57.6%
Transparency Index	81	89	59	60	61	61

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Banca Comunal Rural Price Graphs

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Banca Comunal Rural samples

Banca Comunal Rural Price Graphs

Total Borrowers of Samples

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