Ahantaman Rural Bank Limited - Sundry (SME) Loan - MFTransparency.org Truth In Lending Tables

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

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

Ahantaman Rural Bank Limited Head OfficeAgona Nkwanta, Western RegionP.O. Box 41

Data approved: 2013-02-11

Data version: 2

Age of data: 139 months

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Institution

Fundacion Sartawi Calle Pedro Salazar No 509La Paz, La Paz

Data approved: 2013-11-05

Data version: 2

Age of data: 130 months

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Product

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Product

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Product Summary

Number borrowers	1,867
Loan Amount (range)	GHS 5,000 - 25,000
Loan Term (range)	3 - 12
Other Services (text summary)	Credit Ins, Business Training
Annual Interest & Method	35.00%-37.00% annual, Decl Bal
Fees	4.00% upfront
Insurance	1.50% upfront
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	42.5% - 75.6%
Fee Component	4.5% - 11.1%
Insurance Component	1.7% - 3.8%
Tax Component Range	0
Full APR (int fee ins tax dep)	69.6% - 69.7%
Transparency Index (min/max)	44 - 66
Transparency Index (average)	50

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 5,323,267.03
Portfolio (USD)	USD 2,702,166.01
Active Clients with Loans	1,867
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for small and medium-size entrepenurs to finance businesses.

Loan Purpose

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

Included Services

Credit education
Group meetings
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	x
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 institution	1
# Regions for this product	1
Regions Active	Western Region

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (USD)	USD 102,418
Portfolio (USD)	USD 102,418
Active Clients with Loans	18
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	40% - 60%

Description

Libre disponibilidad.

Loan Purpose

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

Eligibility

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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	7
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 5,000
Maximum loan size	25,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	0
GHS 1,000-5,000	0
GHS 5,000-7,500	40%
GHS 7,500-10,000	40%
GHS 10,000-13,000	10%
Greater than GHS 13,000	10%

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	0
Between 10 and 12 months	90%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	DK

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	35.00%
Highest quoted nominal interest	37.00%
Reason(s) why interest rate varies	Duration of Loan
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

	Fee 1
Description	Processing Fee
% of loan amount - min	4.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Sundry (SME) Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 6,000	GHS 10,000	GHS 12,000	GHS 8,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-10-26	2012-10-01	2012-12-31	2012-12-01
Loan Term (Months)	12.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	GHS 2,430	GHS 4,050	GHS 4,860	GHS 3,240
True Price by Comp
Interest price component	58.0%	58.0%	58.0%	58.1%
Fee Component	8.3%	8.3%	8.3%	8.3%
Insurance Component	3.3%	3.3%	3.3%	3.3%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	69.6%	69.6%	69.6%	69.7%
Transparency Index	50	50	50	50

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

Sundry (SME) Loan 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
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

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

Sundry (SME) Loan samples

Sundry (SME) Loan Price Graphs

Total Borrowers of Samples

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