Calvary Enterprise Development Foundation - Apprenticeship Start-up Credit Program - MFTransparency.org Truth In Lending Tables

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Institution

Calvary Enterprise Development Foundation Head OfficeMamprobi, Accra, Greater AccraP.O. Box MP 2468

Data approved: 2013-03-18

Data version: 2

Age of data: 145 months

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Product

Apprenticeship Start-up Credit Program Product 2 of 4 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 15,000
Portfolio (USD)	USD 7,614.21
Active Clients with Loans	50
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

This is a youth program. The facility is for apprentices who have successfully conpleted training and want to start their own businesses.

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other	Must be in youth age group
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	1
Regions Active	Greater Accra Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 500
Maximum loan size	1,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	100%
GHS 1,000-5,000	0
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	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	40%
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	1.0 month

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	48.00%
Highest quoted nominal interest	54.00%
Reason(s) why interest rate varies	Branch, Time as Client, Loan Size, Client Risk, Loan Purpose
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

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	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?	No

Are taxes charged on this product?

Full Pricing Data

Apprenticeship Start-up Credit Program samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 700	GHS 800	GHS 900
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-12-15	2012-12-20	2012-12-15
Loan Term (Months)	7.0 months	7.0 months	7.0 months
Grace Period (Months)	0.8 months	0.9 months	1.1 months
Total Cost of Credit	GHS 100.13	GHS 113.42	GHS 131.64
True Price by Comp
Interest price component	40.6%	41.9%	40.5%
Fee Component	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	40.6%	41.9%	40.5%
Transparency Index	100	100	100

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

Apprenticeship Start-up Credit Program Price Graphs

Loan Size/Full APR

Loan Term/Full APR

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	145
AMPL	0	0	0	145
Arman	41,500	529,107,000	1	145
Arohan	43,500	8,091,000	2	145
ASA INDIA	164,000	15,380,000	1	145
Asirvad	113,500	19,328,000	1	145
Asmitha	1,114,800	217,867,000	1	145
Bandhan	4,048,600	674,564,000	5	145
Belstar	123,000	23,945,000	2	123
BSFL	275,200	31,590,000	3	145
Chaitanya	20,700	3,748,000	3	145
Disha Microfin	69,000	14,332,000	2	145
Equitas	1,220,000	186,415,000	4	145
ESAF	354,200	43,500,000	5	145
FFSL	150,600	35,719,000	2	145
Fusion	66,800	9,820,000	2	145
Grama Vidiyal	738,200	102,101,000	1	145
Grameen Koota	586,600	83,555,000	15	147
Janalakshmi	506,000	119,077,000	2	145
L & T Finance	399,800	37,199,000	1	145
MFL	331,800	49,083,000	1	145
MMFL	175,000	23,752,000	2	145
Mpower	13,600	2,263,000	2	145
Sahayata	0	0	0	145
Saija	24,700	4,682,000	2	145
Samasta	45,500	4,809,000	2	145
Satin	405,600	90,174,000	2	145
SCCI	115,600	15,910,000	2	145
Share	2,195,400	376,727,000	1	145
SKS	3,409,000	355,029,000	2	145
SMILE	360,200	56,927,000	1	145
SNFL	9,400	1,779,000	1	145
Sonata Finance	158,200	22,724,000	3	147
Spandana	533,400	147,240,000	2	145
Suryoday	78,600	14,713,000	3	145
SVCL	118,200	18,886,000	1	145
Swadhaar	92,800	17,166,000	3	145
Trident	68,700	8,852,000	1	145
Ujjivan	913,300	160,848,000	5	145
Utkarsh	168,600	25,915,000	3	145
VFS	175,400	19,264,000	2	145
Asomi	50,300	4,743,000	2	177
AES India	3,600	286,000	1	177
Arth	2,900	611,000	2	177
Asomi	50,300	4,743,000	2	177
Barasat GS	1,100	99,508.02	1	177
BJS	6,000	468,000	1	177
Cashpor	417,000	50,452,000	1	176
Credible	10,000	1,669,540.36	2	177
DIBAKAR	1,800	145,000	1	176
GOF	65,200	5,388,000	4	176
Hope	62,600	4,407,000	1	174
Jaago	2,700	237,000	1	175
LOK	4,900	573,000	1	176
Nano	25,600	3,660,000	2	177
NBSAAVS	28,100	2,821,000	1	174
Nirantara	8,200	917,000	2	176
Parama	7,100	482,000	1	176
Pragathi	26,200	4,579,000	6	176
PWMACS	36,500	5,946,000	1	176
Saadhana	90,900	12,046,000	2	176
Sambhav	1,500	183,000	3	176
Seba Rahara	6,700	468,000	1	176
SU	61,100	5,498,000	1	176
Swayanshree	7,900	918,000	2	176
Vikas Samiti	1,600	168,000	1	176
Vistaar	4,300	1,157,000	2	174
We The People	1,100	244,000	2	176
WEMCS	1,100	85,000	1	176
Yukti	1,100	99,000	2	176

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

Apprenticeship Start-up Credit Program samples

Apprenticeship Start-up Credit Program Price Graphs

Total Borrowers of Samples

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