Institution Type | Private 'For-Profit' |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2008 |
Head of Institution | Amadu Montia |
Regions active | 0 |
# Branches | 2 |
Total Portfolio (nat'l) | GHS 1,800,000 |
Total Portfolio (USD) | USD 1,200,000 |
Active clients with loans | 3,523 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | GHAMFIN, GCSCA |
Funders | MiDA |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Support Loan | 0 | 0 | 0% - 20% | 80% - 100% | ||||||||||
Group Loan | GHS 100 - 1,000 | 4 | 80% - 100% | 80% - 100% | ||||||||||
MiDA Loans | GHS 100 - 2,000 | 18 - 36 | 80% - 100% | 80% - 100% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Support Loan | 0.00% annual, 0 | 0 Fees | 0 Ins | 97% - 111.3% | 108.2% - 128.8% | |||||||||||
Group Loan | 36.00%-0.00% annual, Flat | 0 Fees | 0 Ins | 103.3% - 105% | 122.9% - 125.1% | 29 | ||||||||||
MiDA Loans | 30.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 57.2% | 67% | 44 |
Outstanding portfolio (USD) | USD 90,099 |
Portfolio (USD) | USD 90,099 |
Active Clients with Loans | 39 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
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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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