Atwima Kwanwoma Rural Bank - Susu Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

Atwima Kwanwoma Rural Bank Head OfficeKumasi, AshantiP.O. Box 6921

Data approved: 2013-03-18

Data version: 2

Age of data: 139 months

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Institution

Fundación Agrocapital Calle Nataniel Aguirre No. S-669Cochabamba, Cercado5901

Data approved: 2010-10-28

Data version: 1

Age of data: 172 months

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Product

Susu Loan Product 2 of 2 « Prev | Next »

Product

Microcrédito Vivienda (USD) Product 7 of 11 « Prev | Next »

Product Summary

Number borrowers	1,239
Loan Amount (range)	GHS 300 - 30,000
Loan Term (range)	6 - 12
Other Services (text summary)	Credit Educ, Business Training
Annual Interest & Method	32.00% annual, Flat
Fees	3.00% upfront
Insurance	None
Tax	None
Comp Dep	33.33% upfront
Range of pricing
Interest Price Component	51.8% - 63.2%
Fee Component	6.6% - 12.0%
Insurance Component	0 - 3.7%
Tax Component Range	0
Full APR (int fee ins tax dep)	139.1% - 152.3%
Transparency Index (min/max)	21 - 30
Transparency Index (average)	22

Product Summary

111
USD 600 - 12,000
12 - 60
Credit Ins
22.0%-30.0% annual, Decl Bal
5.00% upfront 5.00% ongoing
None
15.00% Principal
N/A

N/A
24.9% - 32.2% (Int+Fee)
0 - 0.6%
0 - 0.4%
25.0% - 32.3%
0 - N/A
75

111

USD 600 - 12,000

12 - 60

Credit Ins

22.0%-30.0% annual, Decl Bal

5.00% upfront 5.00% ongoing

None

15.00% Principal

N/A

24.9% - 32.2% (Int+Fee)

0 - 0.6%

0 - 0.4%

25.0% - 32.3%

0 - N/A

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 2,452,823.66
Portfolio (USD)	USD 1,245,088.15
Active Clients with Loans	1,239
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Designed for micro, small, and medium enterprises.

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
Credit insurance
Workplace visits
Business training	x
Other training
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
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Ashanti Region

Product Details

Key Statistics

Outstanding portfolio (USD)	USD 433,734
Portfolio (USD)	USD 433,734
Active Clients with Loans	111
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Producto crediticio orientado a financiar viviendas de clientes que cuenten con volumen de negocios y patrimonio relativamente pequeño y tengan experiencia y capacidad para manejar sus negocios.

Loan Purpose

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

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
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
Other	Buenos antecedentes personales y crediticios. Actividad económica y financieramente viable.
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	GHS
Minimum loan size	GHS 300
Maximum loan size	30,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	5%
GHS 1,000-5,000	50%
GHS 5,000-7,500	20%
GHS 7,500-10,000	10%
GHS 10,000-13,000	5%
Greater than GHS 13,000	5%

Loan Term and Grace Period

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

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	60%
Between 10 and 12 months	40%
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	USD
Minimum loan size	USD 600
Maximum loan size	12,000

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	60.0 months
Approx average	32.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
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	32.00%
Highest quoted nominal interest	32.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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 for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	33.33%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
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?

Pricing Information

Interest

Lowest quoted nominal interest	22.00%
Highest quoted nominal interest	30.00%
Reason(s) why interest rate varies	Loan Size, Client Risk
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Seguro de Desgravamen
% 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?	Yes

Ongoing Fees

	Fee 1
Description	Seguro de Desgravamen
% of loan amount - min	5.00%
% of loan amount - max	5.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Upfront Insurance Fees

This product has no upfront insurance fees

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?	Yes
Percentage of fees	0
All or some fees taxed	N/A

Full Pricing Data

Susu Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	GHS 300	GHS 1,000	GHS 1,600	GHS 3,000	GHS 7,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	3	5
Disbursement Date	2012-11-16	2013-03-01	2012-12-13	2013-02-20	2012-11-08
Loan Term (Months)	6.0 months	8.0 months	12.0 months	10.0 months	12.0 months
Grace Period (Months)	0.2 months	-0.1 months	0.0 months	-0.1 months	0.0 months
Total Cost of Credit	GHS 54.75	GHS 251.04	GHS 631	GHS 905.32	GHS 2,754
True Price by Comp
Interest price component	54.5%	60.1%	63.1%	59.4%	63.2%
Fee Component	12.0%	9.6%	6.6%	8.0%	6.7%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	79.5%	82.6%	69.4%	75.4%	69.7%
Full APR (int fee ins tax dep)	146.0%	152.3%	139.1%	142.8%	139.6%
Transparency Index	22	21	23	22	23

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

Full Pricing Data

Microcrédito Vivienda (USD) samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	USD 1,000	USD 2,000	USD 3,500	USD 8,000	USD 12,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2010-06-02	2010-02-16	2010-03-20	2010-02-15	2010-03-05
Loan Term (Months)	24.0 months	24.0 months	36.0 months	36.0 months	60.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	32.2%	31.4%	30.5%	27.0%	24.9%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.2%	0.2%	0.1%	0.1%	0.1%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	32.3%	31.6%	30.6%	27.2%	25.0%
Transparency Index	68	70	72	81	88

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

Susu Loan Price Graphs

Click to view Price Analysis Tool

Microcrédito Vivienda (USD) 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
	to
	to ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

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

Susu Loan samples

Full Pricing Data

Microcrédito Vivienda (USD) samples

Susu Loan Price Graphs

Microcrédito Vivienda (USD) Price Graphs

Total Borrowers of Samples

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