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

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Institution

Atwima Kwanwoma Rural Bank Box 6921, Atwima KwanwomaKumasi, Ashanti Region233

Data approved: 2011-12-07

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 880,992
Portfolio (USD)	USD 587,328
Active Clients with Loans	869
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

This loan is meant for micro and small medium enterprises.\r

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	x
Credit insurance	x
Workplace visits
Business training
Other training
Other	Capacity building training
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	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 300
Maximum loan size	10,000

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	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily	x
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
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?	N/A
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
Appears on Repayment Sched?	No

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?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	33.30% - N/A
or, Fixed-amount deposited	0 - N/A

Deposits DURING period payments

% loan amount deposited	0 - N/A
or, Fixed-amount deposited	0 - N/A
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

Susu Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 300	GHS 600	GHS 1,800	GHS 3,000	GHS 6,000	GHS 10,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	3	5	Not Known
Disbursement Date	2012-11-16	2013-03-01	2012-12-13	2013-02-20	2012-11-08	1900-01-00
Loan Term (Months)	5.6 months	7.5 months	5.8 months	7.5 months	8.2 months	12.4 months
Grace Period (Months)	0.0 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	Not Known
True Price by Comp
Interest and Fee Component	64.8%	62.2%	68.0%	61.9%	68.3%	63.7%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	70.7%	63.9%	79.8%	63.4%	81.7%	67.4%
Full APR (int fee ins tax dep)	135.4%	126.1%	147.8%	125.3%	150.0%	131.0%
Transparency Index	24	25	22	26	21	24

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

Susu Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AgroCapital	21,900	16,894,000	11	171
ANED	5,400	6,579,000	3	129
Banco FIE	231,100	569,322,000	6	129
BancoSol	215,300	861,418,000	30	129
CIDRE	8,500	126,578,000	8	129
Coop Fatima	6,300	44,280,000	7	171
CRECER	166,900	134,626,000	13	129
Diaconia	67,000	85,734,000	2	129
Ecofuturo	59,200	226,839,000	5	129
EMPRENDER	8,700	2,380,000	3	171
Fassil FFP	57,600	325,081,000	5	129
FONCRESOL	3,900	9,573,000	3	129
FONDECO	14,200	24,274,000	3	129
Fortaleza	20,100	164,530,000	13	129
FUBODE	29,400	24,444,000	7	129
FUNBODEM	8,600	15,798,000	9	129
IDEPRO	10,400	40,479,000	2	129
IMPRO	2,400	2,885,000	4	129
ProCredit	84,300	257,487,000	8	171
PRODEM	44,900	62,529,000	4	129
ProMujer BOL	115,200	50,753,000	3	129
Sartawi	14,600	26,842,000	8	129

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

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Total Borrrowers of Samples


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