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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Six Months Group Loan Price Graphs


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  2. Share
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

SHARE Microfin Limited 1-224/58Rajeev Nagar, NacharamHyderabad, Andhra pradesh500076
Data approved: 2013-04-30
Data version: 2
Age of data: 139 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.sharemicrofin.com/
Year established2000
Head of InstitutionMr. M. Udaia Kumar
Regions activeAndhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Himachal PradeshJharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, National Capital Territory of Delhi
# Branches896

Total Portfolio (nat'l)INR 20,895,693,066
Total Portfolio (USD)USD 394,258,359.70
Active clients with loans2,227,675
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsSa-Dhan, MFIN, WWB, Alpha

Loan Products » Summary

JLG
2,195,404 Borrowers
USD 376,727,792.10 Portfolio
Active Product
Micro Enterprise Loan
Retired Product
Personal Loans
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Joint Liability Group Loan INR 12,000 - 25,000 12 - 24 80% - 100% 0% - 20% Business Women, Have business, Have home or land, Low HH Inc, Med HH Inc, Rural HH, Urban HH, Qualify for a test on Financial education , Training provided on Financial education Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Health Insurance Services , National Pension Scheme collabaration with LIC

Loan Products » MFIN India Additional Information

Product Name APR (int) MFIN MFI Earning (Annualised) MFIN Cost to Borrower (Annualised) COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM MFIN Transparency Index
Joint Liability Group Loan 25.4% - 26% 27.5% - 28.1% 29.9% - 30.5% Yes Yes Yes 100
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Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Joint Liability Group Loan 24.0%-26.0% annual, Decl Bal 1 Fee 1 Ins 12.36% fees N/A 27.5% - 28.1% 29.9% - 30.5% 79
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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