2. CEDEF
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

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: 139 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.cedefgh.wix.com/cedef
Year established2006
Head of InstitutionMagnus Amoa-Bosompem
Regions activeGreater Accra Region, Central Region, Eastern Region
# Branches1

Total Portfolio (nat'l)GHS 106,980
Total Portfolio (USD)USD 54,304.57
Active clients with loans535
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsASSFIN, GHAMFIN, Financieros sin Fronteras
Funders

Loan Products » Summary

Agricultural
150 Borrowers
USD 23,604.06 Portfolio
Active Product
Start-up
50 Borrowers
USD 7,614.21 Portfolio
Active Product
Energy
50 Borrowers
USD 6,385.79 Portfolio
Active Product
Enterprise
285 Borrowers
USD 16,700.51 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Production Credit GHS 1,000 - 1,000 8 - 12 60% - 80% 0% - 20% Business Women, Men, Must have farming experience Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Training on Agricultural Best Practices
Apprenticeship Start-up Credit Program GHS 500 - 1,000 6 - 12 80% - 100% 40% - 60% Business, Start-up businesses Women, Men, Specific age group, Must be in youth age group Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Efficient Energy Credit Program GHS 200 - 1,000 3 - 6 80% - 100% 0% - 20% Consumer Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Workshop/training orientation demonstration
Micro Enterprise Development GHS 100 - 3,000 6 - 12 80% - 100% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Tech Asst Visits, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Production Credit 30.00% annual, Decl Bal 0 Fees 0 Ins None N/A 23.8% - 25.1% 23.8% - 25.1% 100
Apprenticeship Start-up Credit Program 48.00%-54.00% annual, Decl Bal 0 Fees 0 Ins None N/A 40.5% - 41.9% 40.5% - 41.9% 100
Efficient Energy Credit Program 36.00%-54.00% annual, Decl Bal 0 Fees 0 Ins None N/A 49.8% 49.8% 72
Micro Enterprise Development 36.00%-54.00% annual, Decl Bal 0 Fees 0 Ins None N/A 40.8% - 41.5% 40.8% - 41.5% 87
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  2. Hofokam
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Hofokam Ltd Head OfficeFort Portal, Western UgandaPO Box 228
Data approved: 2012-07-24
Data version: 2
Age of data: 144 months
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Product

Agriculture Loan Product 1 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (UGX)UGX 629,379,090
Portfolio (USD)USD 249,259.05
Active Clients with Loans2,506
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village bankingx
Self help group
Other
Description
Loan for economically active individuals and groups engaged in crop farming and livestock businesses with diversified enterprises and cashflows that can pay off the loan
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
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 institution1
# Regions for this product1
Regions ActiveWestern

Loan Conditions

Loan Amount
CurrencyUGX
Minimum loan sizeUGX 50,000
Maximum loan size15,000,000
Distribution at Disbursement (Est.)
Loans less than UGX 1,000,00015%
UGX 1,000,000-5,000,00015%
UGX 5,000,000-7,500,00020%
UGX 7,500,000-10,000,00020%
UGX 10,000,000-13,000,00015%
Greater than UGX 13,000,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months50%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.80%
Highest quoted nominal interest2.80%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionApplication Fee
% of loan amount - min2.50%
% of loan amount - max2.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLife Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30,000
Fixed amount - max30,000
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaClients must be organised under a village bank
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUGX 700,000UGX 1,000,000UGX 2,500,000UGX 8,800,000UGX 9,200,000UGX 9,900,000
Loan Cycle (1, 2, 3, etc)112514
Disbursement Date2012-05-072012-07-232012-06-042012-07-162012-09-052012-07-02
Loan Term (Months)9.0 months6.0 months10.0 months6.0 months6.0 months6.0 months
Grace Period (Months)3.1 months3.1 months1.0 month6.1 months6.0 months6.1 months
Total Cost of CreditUGX 205,000UGX 205,000UGX 717,500UGX 1,570,000UGX 1,640,000UGX 1,762,500
True Price by Comp           
Interest price component41.0%37.3%50.1%27.7%28.2%27.7%
Fee Component5.2%6.8%5.9%5.1%5.1%5.1%
Insurance Component9.3%8.4%2.9%0.7%0.7%0.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component25.0%20.5%34.4%7.8%7.9%7.8%
Full APR (int fee ins tax dep)80.5%73.0%93.3%41.3%41.9%41.2%
Transparency Index424636818082
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Agriculture Loan Price Graphs


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% Products with one or more insurances
% Products with compulsory deposits
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