2. ASA-Ghana
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. SFPI
Please note that the information you are viewing is 162 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-Ghana P.O.Box MP 1834, MamprobiKaneshie-Accra, Greater Accra233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution

Specialised Financial and Promotional Institution Bole Sub CityAddis AbabaPO Box 10689
Data approved: 2011-12-23
Data version: 1
Age of data: 162 months

Product

Business Loan Product 1 of 2 « Prev | Next »

Product

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Product Summary

Number borrowers5,589
Loan Amount (range)GHS 500 - 2,000
Loan Term (range)6 - 12
Other Services (text summary)
Annual Interest & Method36.00%-0.00% annual, Flat
Fees
Insurance
Tax
Comp Dep
Range of pricing 
Interest Price ComponentN/A
Fee Component61.5% - 77.7% (Int+Fee)
Insurance Component2.2% - 4.7%
Tax Component Range0
Full APR (int fee ins tax dep)83.8% - 109.3%
Transparency Index (min/max)33 - 44
Transparency Index (average)37

Product Summary

32,000
ETB 100 - 30,000
12 - 30
Credit Educ, Group Mtgs
16.0%-24.0% annual, Flat
None
None
None
5.0%-10.0% upfront
 
N/A
28.3% - 30.2% (Int+Fee)
0
0
30.6% - 35.2%
44 - 52
47

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,974,270
Portfolio (USD)USD 2,649,513
Active Clients with Loans5,589
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is the business loan taken by clients with a minimum and maximum loan size of 500 and 2000 Cedis. The loan must be used either for an existing business or to start a business.\r
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 visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have a business plan to start a business
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (ETB)ETB 48,000,000
Portfolio (USD)USD 2,608,695.65
Active Clients with Loans32,000
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This product is offered to groups with 3 to 5 members who co-guarantee each other. It has a maximum repayment period of 30 months.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
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 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 500
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
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
CurrencyETB
Minimum loan sizeETB 100
Maximum loan size30,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term30.0 months
Approx average12.0 months
Grace Period
Grace period usage10%
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionRegistration fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min5
Fixed amount - max5
Reason for variation
Appears on Repayment Sched?No
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 variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - NA
or, Fixed-amount deposited0 - NA
Deposits DURING period payments
% loan amount deposited0 - NA
or, Fixed-amount depositedGHS 3 - NA
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?
Additional Comments
periodic savings during instalment payment are flexible and not fixed at only 3 cedes

Pricing Information

Interest
Lowest quoted nominal interest16.00%
Highest quoted nominal interest24.00%
Reason(s) why interest rate variesDepends on the frequency of repayment - Monthly - 16%, Quarterly - 20%, Single End payment - 24%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
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
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
10% compulsory savings on loan size up to 5000 ETB, and 5% for above 5000 ETB. Interest on savings is paid every 6 months. Client can access any savings saved afer the first term of savings.

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan Amount7008001,0001,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-102012-08-062013-03-251900-01-00
Loan Term (Months)5.6 months10.5 months10.0 months10.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component77.7%73.7%62.0%61.5%
Insurance Component4.7%2.6%2.5%2.5%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component26.9%27.0%24.4%19.7%
Full APR (int fee ins tax dep)109.3%103.3%88.8%83.8%
Transparency Index33354143
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountETB 1,000ETB 3,000ETB 4,000ETB 10,000ETB 21,000ETB 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-10-282011-10-232011-10-182011-10-202011-07-202011-07-20
Loan Term (Months)12.0 months18.0 months18.0 months18.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component28.3%28.3%28.4%28.4%30.2%30.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component4.9%4.8%4.8%2.2%5.0%5.0%
Full APR (int fee ins tax dep)33.2%33.2%33.2%30.6%35.2%35.2%
Transparency Index484848524545
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Business Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Institution TypeLoan PurposeInstitutionProductCountryYearRange NumberInstitution Data VersionLoan Size (all)Full APR (int fee ins tax dep)> NaNNaNNaNNaNNaNNumber of Borrowers
Click to view Price Analysis Tool
Group Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeAnyLoan PurposeSFPIInstitutionET-015-V01-P01ProductETCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 8,0006,0004,0002,000200Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
Click to view Price Analysis Tool
Caps / Zoom options
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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