Association of Progressive Entrepreneurs in Development - Working Capital 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: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 3,043,035.62
Portfolio (USD)	USD 1,544,688.13
Active Clients with Loans	10,729
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

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

Description

Designed for small-to-medium sized businesses, to increase turnover and profitability.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
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
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 800
Maximum loan size	8,500

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	4.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	60%
Between 7 and 9 months	30%
Between 10 and 12 months	10%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	10%
Average grace period	0.3 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks	x
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, Time as Client, Client Risk
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 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	0.70%
% of loan amount - max	0.70%
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?	Yes
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

Working Capital Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	GHS 800	GHS 1,600	GHS 3,000	GHS 6,200	GHS 8,250
Loan Cycle (1, 2, 3, etc)	2	Not Known	1	1	4
Disbursement Date	2012-12-05	2012-11-12	2012-11-13	2012-12-21	2012-12-20
Loan Term (Months)	3.9 months	4.7 months	3.7 months	3.7 months	5.6 months
Grace Period (Months)	-0.1 months	0.1 months	0.0 months	0.2 months	0.0 months
Total Cost of Credit	GHS 144.60	GHS 382.20	GHS 534	GHS 1,224.35	GHS 1,793.25
True Price by Comp
Interest price component	65.4%	86.4%	82.1%	87.6%	68.1%
Fee Component	17.4%	15.9%	20.2%	18.7%	13.1%
Insurance Component	3.7%	3.5%	4.7%	4.4%	3.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	32.6%	64.3%	75.5%	68.3%	54.8%
Full APR (int fee ins tax dep)	119.1%	170.1%	182.5%	179.0%	139.0%
Transparency Index	33	23	21	22	28

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

Working Capital Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	141
AMPL	0	0	0	141
Arman	41,500	529,107,000	1	141
Arohan	43,500	8,091,000	2	141
ASA INDIA	164,000	15,380,000	1	141
Asirvad	113,500	19,328,000	1	141
Asmitha	1,114,800	217,867,000	1	141
Bandhan	4,048,600	674,564,000	5	141
Belstar	123,000	23,945,000	2	120
BSFL	275,200	31,590,000	3	141
Chaitanya	20,700	3,748,000	3	141
Disha Microfin	69,000	14,332,000	2	141
Equitas	1,220,000	186,415,000	4	141
ESAF	354,200	43,500,000	5	141
FFSL	150,600	35,719,000	2	141
Fusion	66,800	9,820,000	2	141
Grama Vidiyal	738,200	102,101,000	1	141
Grameen Koota	586,600	83,555,000	15	143
Janalakshmi	506,000	119,077,000	2	141
L & T Finance	399,800	37,199,000	1	141
MFL	331,800	49,083,000	1	141
MMFL	175,000	23,752,000	2	141
Mpower	13,600	2,263,000	2	141
Sahayata	0	0	0	141
Saija	24,700	4,682,000	2	141
Samasta	45,500	4,809,000	2	141
Satin	405,600	90,174,000	2	141
SCCI	115,600	15,910,000	2	141
Share	2,195,400	376,727,000	1	141
SKS	3,409,000	355,029,000	2	141
SMILE	360,200	56,927,000	1	141
SNFL	9,400	1,779,000	1	141
Sonata Finance	158,200	22,724,000	3	143
Spandana	533,400	147,240,000	2	141
Suryoday	78,600	14,713,000	3	141
SVCL	118,200	18,886,000	1	141
Swadhaar	92,800	17,166,000	3	141
Trident	68,700	8,852,000	1	141
Ujjivan	913,300	160,848,000	5	141
Utkarsh	168,600	25,915,000	3	141
VFS	175,400	19,264,000	2	141
Asomi	50,300	4,743,000	2	174
AES India	3,600	286,000	1	174
Arth	2,900	611,000	2	174
Asomi	50,300	4,743,000	2	174
Barasat GS	1,100	99,508.02	1	174
BJS	6,000	468,000	1	174
Cashpor	417,000	50,452,000	1	173
Credible	10,000	1,669,540.36	2	174
DIBAKAR	1,800	145,000	1	173
GOF	65,200	5,388,000	4	173
Hope	62,600	4,407,000	1	170
Jaago	2,700	237,000	1	172
LOK	4,900	573,000	1	173
Nano	25,600	3,660,000	2	174
NBSAAVS	28,100	2,821,000	1	170
Nirantara	8,200	917,000	2	173
Parama	7,100	482,000	1	173
Pragathi	26,200	4,579,000	6	173
PWMACS	36,500	5,946,000	1	173
Saadhana	90,900	12,046,000	2	173
Sambhav	1,500	183,000	3	173
Seba Rahara	6,700	468,000	1	173
SU	61,100	5,498,000	1	173
Swayanshree	7,900	918,000	2	173
Vikas Samiti	1,600	168,000	1	173
Vistaar	4,300	1,157,000	2	170
We The People	1,100	244,000	2	173
WEMCS	1,100	85,000	1	173
Yukti	1,100	99,000	2	173

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

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

Working Capital Loan samples

Working Capital Loan Price Graphs

Total Borrowers of Samples

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