2. ASA Initiative
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

Institution

ASA Initiative FNGO Head OfficeCape Coast, CentralP.O. Box 396
Data approved: 2013-02-20
Data version: 2
Age of data: 139 months
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Product

Six Months Group Loan Product 1 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 765,867
Portfolio (USD)USD 388,764.97
Active Clients with Loans3,170
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Group loan designed for micro-entrepreneurs whose businesses generate daily to monthlycash flows.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size14,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00040%
GHS 5,000-7,50020%
GHS 7,500-10,00020%
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term6.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest44.00%
Highest quoted nominal interest44.00%
Reason(s) why interest rate variesN/A
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeApplication Form Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max02
Reason for variationN/AN/A
Appears on Repayment Sched?YesNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
The one fee not appearing on the loan documentation - application form fee - is communicated to clients through a training module before they make their credit decision.

Full Pricing Data

Six Months Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 3,000GHS 6,500GHS 8,000GHS 12,000
Loan Cycle (1, 2, 3, etc)6152
Disbursement Date2012-10-122012-12-052012-11-222012-12-12
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 782GHS 1,692GHS 2,082GHS 3,122
True Price by Comp       
Interest price component70.9%70.9%70.9%70.9%
Fee Component11.5%11.3%11.3%11.3%
Insurance Component3.8%3.9%3.8%3.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)86.2%86.1%86.0%86.0%
Transparency Index51515151
        
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MFT Pricing CalculationPDFPDFPDFPDF
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  2. FUBODE
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

Fundación Boliviana Para el Desarrollo Calle Antezana No 216 entre Colombia, CercadoCochabamba, Bolivia
Data approved: 2013-08-20
Data version: 2
Age of data: 130 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.fubode.org/
Year established1995
Head of InstitutionLuis Fernando Torrez Ontivero
Regions activeChuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija
# Branches18

Total Portfolio (nat'l)BOB 165,483,985
Total Portfolio (USD)USD 24,516,145.93
Active clients with loans29,469
Approximate % female clients60% - 80%
Approximate % urban clients40% - 60%
Network affiliationsVision Fund International, FINRURAL
FundersWorld Vision Suiza, World Vision Alemania, World Vision Estados Unidos, World Vision Canada

Loan Products » Summary

Consumo
218 Borrowers
USD 122,050.81 Portfolio
Active Product
Asociativo
135 Borrowers
USD 372,356.05 Portfolio
Active Product
Comunal
21,944 Borrowers
USD 10,729,541.63 Portfolio
Active Product
Vivienda
544 Borrowers
USD 1,424,716.26 Portfolio
Active Product
Solidario
291 Borrowers
USD 79,444.99 Portfolio
Active Product
Indiv USD
1,142 Borrowers
USD 2,510,126.83 Portfolio
Active Product
Indiv BOB
5,195 Borrowers
USD 9,206,423.32 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumo BOB 1,500 - 8,000 6 - 24 40% - 60% 40% - 60% Any Purpose Women, Men Credit Ins
Credito Asociativo USD 4,500 - 30,600 18 - 48 20% - 40% 0% Business, Agriculture Women, Men, Have business
Grupo Comunal (Banco Comunal) BOB 200 - 14,500 4 - 9 80% - 100% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Other Training, Educacion No Financiera (Agua, Saneamiento, Manejo de Residuos Solidos)
Microcrédito de Vivienda USD 1,000 - 15,000 10 - 72 20% - 40% 20% - 40% Housing, No se puede usar para negocio Women, Men, Have business, Have home or land Credit Ins, Other Training, Asistencia Tecnica Constructiva
Microcrédito Grupo Solidario USD 700 - 5,000 8 - 24 40% - 60% 0% - 20% Business, Agriculture Women, Men, Have business Credit Educ, Credit Ins
Microcrédito Productivo Individual (USD) USD 150 - 15,000 4 - 60 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Credit Ins
Microcrédito Productivo Individual (BOB) BOB 1,000 - 106,000 4 - 60 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumo 30.0%-32.0% annual, Decl Bal 0 Fees 1 Ins None N/A 31.5% - 33.3% 32% - 33.7% 91
Credito Asociativo 15.0%-24.0% annual, Decl Bal 0 Fees 0 Ins None N/A 24.1% - 24.2% 24.1% - 24.2% 62
Grupo Comunal (Banco Comunal) 30.0%-36.0% annual, Decl Bal 1 Fee 1 Ins None 10.0% upfront 10.00% ongoing 37.2% - 38% 55.2% - 56.9% 53
Microcrédito de Vivienda 16.0%-30.0% annual, Decl Bal 0 Fees 1 Ins None N/A 19.8% - 29.5% 20.3% - 30% 65
Microcrédito Grupo Solidario 20.0%-33.6% annual, Decl Bal 0 Fees 1 Ins None N/A 22.1% - 24.1% 22.6% - 24.5% 84
Microcrédito Productivo Individual (USD) 18.0%-34.0% annual, Decl Bal 0 Fees 1 Ins None N/A 22.1% - 30.6% 22.6% - 31% 60
Microcrédito Productivo Individual (BOB) 18.0%-34.0% annual, Decl Bal 0 Fees 1 Ins None N/A 24.2% - 26.4% 24.6% - 26.8% 62
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Key Statistics
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# 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
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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