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
  2. EMPRENDER
Please note that the information you are viewing is 172 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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Institution

EMPRENDER c. Presbítero Medina. Pje. Tal Tal Nº 570. SopocachiLa Paz, La Paz
Data approved: 2010-10-28
Data version: 1
Age of data: 172 months

Product

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Product

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Product Summary

Number borrowers534
Loan Amount (range)GHS 70 - 200
Loan Term (range)2 - 6
Other Services (text summary)Credit Educ, Credit Ins, Tech Asst Visits
Annual Interest & Method36.00%-40.00% annual, Flat
FeesNone
Insurance1.00% upfront
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component57.4% - 70.9%
Fee Component0 - 12.2%
Insurance Component3.5% - 3.9%
Tax Component Range0
Full APR (int fee ins tax dep)60.9% - 67.7%
Transparency Index (min/max)51 - 59
Transparency Index (average)56

Product Summary

1,084
BOB 200 - 10,000
2 - 36
Credit Ins, Tech Asst Visits, Business Training, SERVICIO DE SALUD EN ATENCIÓN PRIMARIA Y MEDICINA PREVENTIVA
24.0%-36.0% annual, Decl Bal
1.50%-2.50% upfront ongoing
None
15.00% Principal
N/A
 
N/A
38.8% - 59.5% (Int+Fee)
0
0 - 0.8%
38.9% - 60.3%
0 - N/A
49

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 7,195
Portfolio (USD)USD 3,652.28
Active Clients with Loans534
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for financing green energy projects for businesses and individual domestic usage. Currently a pilot product.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visitsx
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 1,107,957
Portfolio (USD)USD 164,141.78
Active Clients with Loans1,084
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ES UN PRODUCTO DESTINADO A CLIENTES NUEVOS Y/O ANTIGàœOS QUE CUENTAN CON NEGOCIOS DESARROLLADOS Y CON UNA MEJOR CONDICIÓN ECONÓMICA, SON CLIENTES QUE CUENTAN CON BUEN HISTORIAL CREDITICIO Y QUE DEMUESTRAN TENER BUENA CAPACIDAD DE PAGO Y CRECIMIENTO.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
OtherNegocio: Solo para Capital de Trabajo
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherSERVICIO DE SALUD EN ATENCIÓN PRIMARIA Y MEDICINA PREVENTIVA
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 70
Maximum loan sizeGHS 200
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term2.0 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

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 200
Maximum loan size10,000
Loan Term and Grace Period
Shortest loan term2.0 months
Longest loan term36.0 months
Approx average5.8 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest40.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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
n/a

Pricing Information

Interest
Lowest quoted nominal interest2.00%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Collateral
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCargos administrativos por trámite desembolso
% of loan amount - min1.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionCargos administrativos y Formularios
% of loan amount - min0
% of loan amount - max0.85%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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?Yes
Percentage of fees0
All or some fees taxedN/A

Full Pricing Data

Green Energy-Solar Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 75GHS 75GHS 75
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2012-09-202012-08-312012-07-05
Loan Term (Months)6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditGHS 15.75GHS 14.25GHS 14.25
True Price by Comp     
Interest price component64.1%58.0%57.4%
Fee Component0.0%0.0%0.0%
Insurance Component3.6%3.6%3.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)67.7%61.6%60.9%
Transparency Index535859
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

samples
Sample 1Sample 2Sample 3
Loan AmountUSD 400USD 1,000USD 4,000
Loan Cycle (1, 2, 3, etc)211
Disbursement Date2010-05-102010-05-052010-05-17
Loan Term (Months)4.7 months12.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component59.5%51.9%38.8%
Insurance Component0.0%0.0%0.0%
Tax Component0.8%0.3%0.2%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)60.3%52.2%38.9%
Transparency Index404662
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Green Energy-Solar 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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