| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.asainitiative.org/ |
| Year established | 2006 |
| Head of Institution | Mrs. Veronica Agodoa Kitti |
| Regions active | Central Region |
| # Branches | 5 |
| Total Portfolio (nat'l) | GHS 1,137,233 |
| Total Portfolio (USD) | USD 577,275.63 |
| Active clients with loans | 4,535 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0 |
| Network affiliations | ASSFIN, GHAMFIN |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Group Loan | GHS 2,000 - 14,000 | 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Six Months Individual Loan | GHS 600 - 10,000 | 1 - 6 | 40% - 60% | 0% - 20% | Business, Other | Women, Men, Have business, Specific age group | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Green Energy-Solar Loan | GHS 70 - 200 | 2 - 6 | 20% - 40% | 0% - 20% | Business, Consumer | Women, Men, Specific age group | Credit Educ, Credit Ins, Tech Asst Visits |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Group Loan | 44.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 82.2% - 82.4% | 86% - 86.2% | 51 | ||||||||
| Six Months Individual Loan | 44.00% annual, Flat | 2 Fees | 1 Ins | None | N/A | 82.2% - 83.1% | 86% - 86.9% | 50 | ||||||||
| Green Energy-Solar Loan | 36.00%-40.00% annual, Flat | 0 Fees | 1 Ins | None | N/A | 57.4% - 64.1% | 60.9% - 67.7% | 56 |
| Outstanding portfolio (KHR) | KHR 51,300,000 |
| Portfolio (USD) | USD 12,825 |
| Active Clients with Loans | 61 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | KHR |
| Minimum loan size | KHR 10,000 |
| Maximum loan size | 1,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | N/A |
| Between 4 and 6 months | N/A |
| Between 7 and 9 months | N/A |
| Between 10 and 12 months | N/A |
| Between 13 and 18 months | N/A |
| Longer than 18 months | N/A |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 2.80% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | N/A |
| Fee 1 | |
|---|---|
| Description | Administrative fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Key Statistics | |
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| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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