Association of Progressive Entrepreneurs in Development - Farmer Loan - MFTransparency.org Truth In Lending Tables

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Institution

Association of Progressive Entrepreneurs in Development Head OfficeAccraP.O. Box CT 78 PMB

Data approved: 2013-02-15

Data version: 2

Age of data: 138 months

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Product

Farmer Loan Product 1 of 2 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 654,472.04
Portfolio (USD)	USD 332,219.31
Active Clients with Loans	3,045
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other

Description

Designed for small-to-medium sized farm enterprises for use in cultivation of agricultural and livestock products.

Loan Purpose

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

Included Services

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

Eligibility

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	x
Other	Must be resident in community near branch for at least on year
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	10
# Regions for this product	10
Regions Active	Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 300
Maximum loan size	7,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	90%
GHS 1,000-5,000	10%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	8.0 months
Approx average	7.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	80%
Between 7 and 9 months	20%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	5.0 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	3.00%
Highest quoted nominal interest	4.00%
Reason(s) why interest rate varies	Branch
Interest rate period	4 Weeks
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Application and Pass Book Fee
% of loan amount - min	3.00%	0
% of loan amount - max	3.00%	0
OR, Fixed amount - min	0	2
Fixed amount - max	0	4
Reason for variation	N/A	Fee varies based on geographic location of client.
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance 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	Includes life cover only. Do not cover clients above age 64.
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%.
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	15.00% - 20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Farmer Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	GHS 300	GHS 700	GHS 1,350	GHS 2,700	GHS 6,200
Loan Cycle (1, 2, 3, etc)	4	4	3	4	2
Disbursement Date	2012-09-28	2012-08-27	2012-06-08	2012-09-28	2012-10-31
Loan Term (Months)	6.0 months	5.8 months	5.6 months	6.0 months	5.9 months
Grace Period (Months)	4.1 months	3.9 months	3.7 months	4.1 months	4.0 months
Total Cost of Credit	GHS 67.50	GHS 153.50	GHS 293.25	GHS 583.50	GHS 1,522
True Price by Comp
Interest price component	36.2%	37.6%	41.2%	36.2%	44.7%
Fee Component	9.0%	7.9%	8.1%	6.9%	7.2%
Insurance Component	1.1%	1.2%	1.3%	1.2%	1.3%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	8.8%	8.8%	14.6%	11.7%	14.8%
Full APR (int fee ins tax dep)	55.1%	55.5%	65.2%	56.0%	68.0%
Transparency Index	71	70	60	70	57

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Farmer Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	138
AMPL	0	0	0	138
Arman	41,500	529,107,000	1	138
Arohan	43,500	8,091,000	2	138
ASA INDIA	164,000	15,380,000	1	138
Asirvad	113,500	19,328,000	1	138
Asmitha	1,114,800	217,867,000	1	138
Bandhan	4,048,600	674,564,000	5	138
Belstar	123,000	23,945,000	2	116
BSFL	275,200	31,590,000	3	138
Chaitanya	20,700	3,748,000	3	138
Disha Microfin	69,000	14,332,000	2	138
Equitas	1,220,000	186,415,000	4	138
ESAF	354,200	43,500,000	5	138
FFSL	150,600	35,719,000	2	138
Fusion	66,800	9,820,000	2	138
Grama Vidiyal	738,200	102,101,000	1	138
Grameen Koota	586,600	83,555,000	15	140
Janalakshmi	506,000	119,077,000	2	138
L & T Finance	399,800	37,199,000	1	138
MFL	331,800	49,083,000	1	138
MMFL	175,000	23,752,000	2	138
Mpower	13,600	2,263,000	2	138
Sahayata	0	0	0	138
Saija	24,700	4,682,000	2	138
Samasta	45,500	4,809,000	2	138
Satin	405,600	90,174,000	2	138
SCCI	115,600	15,910,000	2	138
Share	2,195,400	376,727,000	1	138
SKS	3,409,000	355,029,000	2	138
SMILE	360,200	56,927,000	1	138
SNFL	9,400	1,779,000	1	138
Sonata Finance	158,200	22,724,000	3	140
Spandana	533,400	147,240,000	2	138
Suryoday	78,600	14,713,000	3	138
SVCL	118,200	18,886,000	1	138
Swadhaar	92,800	17,166,000	3	138
Trident	68,700	8,852,000	1	138
Ujjivan	913,300	160,848,000	5	138
Utkarsh	168,600	25,915,000	3	138
VFS	175,400	19,264,000	2	138
Asomi	50,300	4,743,000	2	170
AES India	3,600	286,000	1	170
Arth	2,900	611,000	2	170
Asomi	50,300	4,743,000	2	170
Barasat GS	1,100	99,508.02	1	170
BJS	6,000	468,000	1	170
Cashpor	417,000	50,452,000	1	169
Credible	10,000	1,669,540.36	2	170
DIBAKAR	1,800	145,000	1	169
GOF	65,200	5,388,000	4	169
Hope	62,600	4,407,000	1	167
Jaago	2,700	237,000	1	168
LOK	4,900	573,000	1	169
Nano	25,600	3,660,000	2	170
NBSAAVS	28,100	2,821,000	1	167
Nirantara	8,200	917,000	2	169
Parama	7,100	482,000	1	169
Pragathi	26,200	4,579,000	6	169
PWMACS	36,500	5,946,000	1	169
Saadhana	90,900	12,046,000	2	169
Sambhav	1,500	183,000	3	169
Seba Rahara	6,700	468,000	1	169
SU	61,100	5,498,000	1	169
Swayanshree	7,900	918,000	2	169
Vikas Samiti	1,600	168,000	1	169
Vistaar	4,300	1,157,000	2	167
We The People	1,100	244,000	2	169
WEMCS	1,100	85,000	1	169
Yukti	1,100	99,000	2	169

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
	to
	to ∞

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

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

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

Farmer Loan samples

Farmer Loan Price Graphs

Total Borrowers of Samples

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