Cedi Finance Foundation - Business Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Cedi Finance Foundation Head OfficeAsafoKumasi, AshantiPO Box KS 12683

Data approved: 2013-02-21

Data version: 2

Age of data: 141 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 27,463
Portfolio (USD)	USD 13,940.61
Active Clients with Loans	109
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	0

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

This is an agricultural loan designed to finance primary producers.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
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	Must be an active farmer.
Other (2)	Must be a farmer group member, and live in the same community as the group.

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Eastern Region, Ashanti Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	3,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	10%
GHS 1,000-5,000	90%
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	4.0 months
Longest loan term	9.0 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	30%
Average grace period	6 months

Repayment Frequency

Daily
Weekly	x
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	4.00%
Highest quoted nominal interest	4.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.00%
% of loan amount - max	1.00%
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	33.30%
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?

Full Pricing Data

Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 300	GHS 600	GHS 1,500	GHS 3,000
Loan Cycle (1, 2, 3, etc)	9	1	1	Not Known
Disbursement Date	2012-12-06	2012-12-06	2013-02-07	2013-01-14
Loan Term (Months)	6.0 months	4.4 months	4.4 months	9.0 months
Grace Period (Months)	0.7 months	0.7 months	0.7 months	0.7 months
Total Cost of Credit	GHS 75	GHS 102	GHS 255	GHS 1,110
True Price by Comp
Interest price component	74.1%	68.2%	68.2%	77.5%
Fee Component	3.5%	4.7%	4.7%	2.7%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	72.4%	68.7%	68.7%	70.3%
Full APR (int fee ins tax dep)	150.0%	141.6%	141.6%	150.5%
Transparency Index	32	34	34	32

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

Business Loan Price Graphs

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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

Payakaraopeta Women's Mutually Aided Co-operative Thrift and Credit Society Sivasurya ApartmentsMain RoadPayakaraopeta, Andhra Pradesh531126

Data approved: 2010-10-25

Data version: 1

Age of data: 172 months

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Institution Details

Institution Type	Credit Union / Cooperative
Is this institution regulated?	No
Website address	N/A
Year established	1997
Head of Institution	P.V. Ravikumar
Regions active
# Branches	8

Total Portfolio (nat'l)	INR 315,140,153
Total Portfolio (USD)	USD 5,946,040.62
Active clients with loans	36,543
Approximate % female clients	80% - 100%
Approximate % urban clients	40% - 60%
Network affiliations

Loan Products » Summary

Income

36,543 Borrowers

USD 5,946,044.68 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Income Generating Loan		INR 5,000 - 50,000		12 - 60		80% - 100%		20% - 40%		Any Purpose		Women		Group Mtgs, Credit Ins, Business Training

Loan Products » MFIN India Additional Information

Product Name		APR (int)		MFIN MFI Earning (Annualised)		MFIN Cost to Borrower (Annualised)		COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD		COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES		COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM		MFIN Transparency Index
Income Generating Loan		0		20.2% - 20.6%		31% - 37.2%								N/A

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Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Income Generating Loan		19.2% annual, Decl Bal		1 Fee		1 Ins		None		20.0% upfront 50.00 ongoing		20.2% - 20.6%		31% - 37.2%		58

Institution Price Graph

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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
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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

Business Loan samples

Business Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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