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Institution

CRAN Microfinance Head OfficeCape Coast, CentralP.O. Box UC 97
Data approved: 2013-02-18
Data version: 2
Age of data: 141 months

Product

Individual Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 438,233
Portfolio (USD)USD 222,453.30
Active Clients with Loans379
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
These loans are given to people who have the necessary collateral or gurantor, and do not want to be in a group.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
OtherSavings promotion
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution3
# Regions for this product3
Regions ActiveCentral Region, Western Region, Volta Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00050%
GHS 1,000-5,00040%
GHS 5,000-7,50010%
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months70%
Between 7 and 9 months30%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest42.00%
Highest quoted nominal interest42.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.75%
% of loan amount - max1.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.25%
% of loan amount - max1.25%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
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

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 400GHS 800GHS 1,500GHS 3,000GHS 6,000GHS 10,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-12-122012-06-222013-01-232012-12-212013-01-302012-12-17
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months12.0 months6.0 months
Grace Period (Months)0.1 months0.0 months0.1 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 96GHS 192GHS 360GHS 720GHS 2,700GHS 2,400
True Price by Comp           
Interest price component66.8%66.2%67.1%67.0%68.6%66.9%
Fee Component6.3%6.3%6.4%6.4%3.7%6.4%
Insurance Component4.6%4.6%4.6%4.6%2.6%4.6%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component33.7%33.7%33.8%34.0%31.2%33.8%
Full APR (int fee ins tax dep)111.4%110.8%111.9%112.0%106.1%111.7%
Transparency Index383838384038
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Individual Loan Price Graphs


Institution # Borrowers Portfolio (US$) Products Age of Data
Adhikar35,3002,674,0001141
AMPL000141
Arman41,500529,107,0001141
Arohan43,5008,091,0002141
ASA INDIA164,00015,380,0001141
Asirvad113,50019,328,0001141
Asmitha1,114,800217,867,0001141
Bandhan4,048,600674,564,0005141
Belstar123,00023,945,0002120
BSFL275,20031,590,0003141
Chaitanya20,7003,748,0003141
Disha Microfin69,00014,332,0002141
Equitas1,220,000186,415,0004141
ESAF354,20043,500,0005141
FFSL150,60035,719,0002141
Fusion66,8009,820,0002141
Grama Vidiyal738,200102,101,0001141
Grameen Koota586,60083,555,00015143
Janalakshmi506,000119,077,0002141
L & T Finance399,80037,199,0001141
MFL331,80049,083,0001141
MMFL175,00023,752,0002141
Mpower13,6002,263,0002141
Sahayata000141
Saija24,7004,682,0002141
Samasta45,5004,809,0002141
Satin405,60090,174,0002141
SCCI115,60015,910,0002141
Share2,195,400376,727,0001141
SKS3,409,000355,029,0002141
SMILE360,20056,927,0001141
SNFL9,4001,779,0001141
Sonata Finance158,20022,724,0003143
Spandana533,400147,240,0002141
Suryoday78,60014,713,0003141
SVCL118,20018,886,0001141
Swadhaar92,80017,166,0003141
Trident68,7008,852,0001141
Ujjivan913,300160,848,0005141
Utkarsh168,60025,915,0003141
VFS175,40019,264,0002141
Asomi50,3004,743,0002173
AES India3,600286,0001173
Arth2,900611,0002173
Asomi50,3004,743,0002173
Barasat GS1,10099,508.021173
BJS6,000468,0001173
Cashpor417,00050,452,0001172
Credible10,0001,669,540.362173
DIBAKAR1,800145,0001172
GOF65,2005,388,0004172
Hope62,6004,407,0001170
Jaago2,700237,0001171
LOK4,900573,0001172
Nano25,6003,660,0002173
NBSAAVS28,1002,821,0001170
Nirantara8,200917,0002172
Parama7,100482,0001172
Pragathi26,2004,579,0006172
PWMACS36,5005,946,0001172
Saadhana90,90012,046,0002172
Sambhav1,500183,0003172
Seba Rahara6,700468,0001172
SU61,1005,498,0001172
Swayanshree7,900918,0002172
Vikas Samiti1,600168,0001172
Vistaar4,3001,157,0002170
We The People1,100244,0002172
WEMCS1,10085,0001172
Yukti1,10099,0002172
Caps / Zoom options
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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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