Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.asa-international.com/ |
Year established | 2007 |
Head of Institution | MD. Aourongjeb |
Regions active | Greater Accra Region, Central Region, Western Region, Ashanti Region |
# Branches | 54 |
Total Portfolio (nat'l) | GHS 36,218,600 |
Total Portfolio (USD) | USD 18,962,617.80 |
Active clients with loans | 71,633 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | GHAMFIN |
Funders | Catalyst Microfinance Industries, ASA International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | GHS 500 - 2,000 | 6 - 12 | 80% - 100% | 60% - 80% | Business | Women, Have business, Must have a business plan | Credit Educ, Group Mtgs, Credit Ins | |||||||
Small Loan | GHS 300 - 1,000 | 6 - 12 | 80% - 100% | 80% - 100% | Business | Women, Have business | Credit Educ, Group Mtgs, Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 10.00% upfront | 60.5% - 69.3% | 73.9% - 85% | 46 | ||||||||
Small Loan | 36.00% annual, Flat | 1 Fee | 1 Ins | None | 10.00% upfront | 64.2% - 68.7% | 81.5% - 87.5% | 42 |
Outstanding portfolio (UGX) | UGX 322,443,570 |
Portfolio (USD) | USD 127,700.42 |
Active Clients with Loans | 140 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Western |
Currency | UGX |
Minimum loan size | UGX 700,000 |
Maximum loan size | 1,500,000 |
Loans less than UGX 1,000,000 | 50% |
UGX 1,000,000-5,000,000 | 50% |
UGX 5,000,000-7,500,000 | 0 |
UGX 7,500,000-10,000,000 | 0 |
UGX 10,000,000-13,000,000 | 0 |
Greater than UGX 13,000,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
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 | 2.80% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Application Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20,000 |
Fixed amount - max | 20,000 |
Reason for variation | N/A |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | UGX 800,000 | UGX 700,000 | UGX 1,500,000 | ||
Loan Cycle (1, 2, 3, etc) | 8 | 7 | 7 | ||
Disbursement Date | 2012-09-12 | 2012-09-14 | 2011-12-13 | ||
Loan Term (Months) | 6.0 months | 4.1 months | 6.0 months | ||
Grace Period (Months) | 1.0 month | 1.0 month | 1.0 month | ||
Total Cost of Credit | UGX 170,400 | UGX 112,400 | UGX 302,000 | ||
True Price by Comp | |||||
Interest price component | 54.4% | 51.6% | 54.0% | ||
Fee Component | 7.2% | 9.9% | 7.2% | ||
Insurance Component | 9.3% | 14.7% | 4.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 70.9% | 76.2% | 66.1% | ||
Transparency Index | 47 | 44 | 51 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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