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Institution
Data approved: 2013-03-26
Data version: 2
Age of data: 139 months
Key Statistics
| Outstanding portfolio (GHS) | GHS 77,200 |
| Portfolio (USD) | USD 39,187.82 |
| Active Clients with Loans | 102 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
Methodology
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other | |
Description
Designed for farmers in livestock and vegetable production to puchase farm equipment - tractors, irrigation pumps, seedlings, and other farm inputs. Loan ranges between GHS 400-15000 and repayment period is between 4-24 months.
Loan Purpose
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Used for agricultural purposes |
| Other (2) | |
Included Services
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Health Education |
| Other (2) | Technology Management |
| 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 | Must own a farm or animals, fish, etc. |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Volta Region |
Loan Conditions
Loan Amount
| Currency | GHS |
| Minimum loan size | GHS 400 |
| Maximum loan size | 15,000 |
Distribution at Disbursement (Est.)
| Loans less than GHS 1,000 | 40% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 10% |
| GHS 7,500-10,000 | 15% |
| GHS 10,000-13,000 | 5% |
| Greater than GHS 13,000 | 5% |
Loan Term and Grace Period
| Shortest loan term | 4.0 months |
| Longest loan term | 24.0 months |
| Approx average | 14.0 months |
Distribution at Disbursement (Est.)
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 0 |
Grace Period
| Grace period usage | 100% |
| Average grace period | 1.0 month |
Repayment Frequency
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
Pricing Information
Interest
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| 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 feesUpfront Insurance Fees
This product has no upfront insurance feesOngoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
Deposit BEFORE or AT Disbursement
| % loan amount deposited | 15.00% - 30.00% |
| or, Fixed-amount deposited | 0 |
Deposits DURING period payments
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
Interest Paid on Deposit
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
Taxes
| Are taxes charged on this product? | No |
Additional Comments
Compuslory deposit - if the client is purchasing a tractor then deposit requirement is 30% deposit. If loan is smaller in size, e.g. for purchasing equipment or seedlings then deposit requirement is 15-20%.
Full Pricing Data
Agriculture Loan samples
| Sample 1 | | Sample 2 | | Sample 3 | | Sample 4 | | Sample 5 | | Sample 6 |
|---|
| Loan Amount | GHS 800 | | GHS 1,500 | | GHS 3,000 | | GHS 5,500 | | GHS 6,000 | | GHS 14,500 |
| Loan Cycle (1, 2, 3, etc) | 1 | | 2 | | 3 | | 3 | | 3 | | 3 |
| Disbursement Date | 2013-01-28 | | 2012-12-28 | | 2012-12-27 | | 2013-04-16 | | 2013-01-24 | | 2013-04-16 |
| Loan Term (Months) | 3.0 months | | 6.0 months | | 4.7 months | | 5.4 months | | 5.6 months | | 9.0 months |
| Grace Period (Months) | 0.2 months | | 0.2 months | | 0.5 months | | 0.2 months | | 0.5 months | | 0.2 months |
| Total Cost of Credit | GHS 128 | | GHS 408 | | GHS 732 | | GHS 1,562 | | GHS 1,704.10 | | GHS 6,496.30 |
| True Price by Comp | | | | | | | | | | | |
| Interest price component | 79.8% | | 77.3% | | 85.9% | | 93.9% | | 86.6% | | 89.7% |
| Fee Component | 29.3% | | 15.7% | | 19.4% | | 18.2% | | 16.7% | | 11.4% |
| Insurance Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Tax Component | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% | | 0.0% |
| Deposit Component | 35.0% | | 44.1% | | 46.5% | | 51.8% | | 39.3% | | 43.5% |
| Full APR (int fee ins tax dep) | 144.1% | | 137.1% | | 151.8% | | 163.9% | | 142.6% | | 144.6% |
| Transparency Index | 33 | | 35 | | 32 | | 29 | | 34 | | 33 |
| | | | | | | | | | | | |
| Original Repayment Schedule | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
| MFT Pricing Calculation | PDF | | PDF | | PDF | | PDF | | PDF | | PDF |
Agriculture Loan Price Graphs
