ASA Initiative FNGO - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 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: 141 months

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Institution Details

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

Loan Products » Summary

Group

3,170 Borrowers

USD 388,764.97 Portfolio

Active Product

Individual

698 Borrowers

USD 182,878.86 Portfolio

Active Product

Green Energy

534 Borrowers

USD 3,652.28 Portfolio

Active Product

Pro-Poor

27 Borrowers

USD 1,979.70 Portfolio

Low Volume Product

Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

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

Loan Products » Pricing Information

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

Institution Price Graph

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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

WOMENS EMPOWERMENT & MICRO CREDIT SERVICES R.O-107,AHIAPUR,ANCHAL-HASPURA,DIST-AURANGABAD,BIHAR,INDIA,PIN-824120H.O-A/204,SANGEETA SASWATAM APARTMENT,NEAR SHYAMAL HOSPITAL,MOURYA PATH,BAILEY ROAD,PATNA-800014,BIHPATNA, BIHAR800014

Data approved: 2010-10-25

Data version: 1

Age of data: 172 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 4,507,144
Portfolio (USD)	USD 85,040.45
Active Clients with Loans	1,143
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This loan products is designed to finance income generating activities.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training	x
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 5,000
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	10.0 months

Grace Period

Grace period usage	100%
Average grace period	0.4 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	15.00%
Highest quoted nominal interest	15.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Upfront Interest
% of loan amount - min	5.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

IGL samples

	Sample 1
Loan Amount	INR 10,000
Loan Cycle (1, 2, 3, etc)	Not Known
Disbursement Date	2010-03-31
Loan Term (Months)	11.7 months
Grace Period (Months)	0
Total Cost of Credit	Not Known
True Price by Comp
Interest and Fee Component	39.3%
Insurance Component	3.4%
Tax Component	0
Deposit Component	0
Full APR (int fee ins tax dep)	42.6%
MFIN MFI Earning (Annualised)	39.3%
MFIN Cost to Borrower (Annualised)	42.6%
Transparency Index	35
MFIN Transparency Index	N/A

Original Repayment Schedule	PDF
MFT Pricing Calculation	PDF

* The APR stated here is an MFTransparency term, definition and formula

IGL 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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

IGL samples

IGL Price Graphs

Total Borrowers of Samples

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