Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.daasgift.org/ |
Year established | 2006 |
Head of Institution | Mrs Gifty Baaba Asmah |
Regions active | 0 |
# Branches | 2 |
Total Portfolio (nat'l) | GHS 96,292 |
Total Portfolio (USD) | USD 64,194.67 |
Active clients with loans | 1,424 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 40% - 60% |
Network affiliations | GHAMFIN, ASSFIN, AGSI, MICROCREDIT SUMMIT CAMPAIGN |
Funders | E&CO, CHF International, Global Giving |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Energy (Clean Cookstoves) | 0 | 0 | 80% - 100% | 60% - 80% | ||||||||||
Group lending | GHS 50 - 1,000 | 4 - 6 | 80% - 100% | 40% - 60% | ||||||||||
Managed Funds Loan | 0 | 0 | 80% - 100% | 0% - 20% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Energy (Clean Cookstoves) | 0.00% annual, 0 | 0 Fees | 0 Ins | 69.9% - 83.8% | 69.9% - 83.8% | |||||||||||
Group lending | 65.00%-0.00% annual, Flat | 1 Fee | 1 Ins | 139.1% - 143.6% | 228.8% - 238.8% | 27 | ||||||||||
Managed Funds Loan | 0.00% annual, 0 | 0 Fees | 0 Ins | 82% - 82.4% | 135.7% - 136.3% |
Outstanding portfolio (INR) | INR 30,616,031 |
Portfolio (USD) | USD 577,660.96 |
Active Clients with Loans | 3,492 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
Currency | INR |
Minimum loan size | INR 2,500 |
Maximum loan size | 20,000 |
Shortest loan term | 8.0 months |
Longest loan term | 15.0 months |
Approx average | 12.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan documentation charges | Processing Fee | |
% of loan amount - min | 1.00% | 1.50% | |
% of loan amount - max | 1.00% | 1.50% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | INR 2,500 | INR 5,000 | INR 10,000 | INR 20,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | Not Known | |||
Disbursement Date | 2010-03-02 | 2010-08-17 | 2010-08-17 | 2010-08-17 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 15.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 25.1% | 25.1% | 25.1% | 24.2% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 25.1% | 25.1% | 25.1% | 24.2% | |||
MFIN MFI Earning (Annualised) | 25.1% | 25.1% | 25.1% | 24.2% | |||
MFIN Cost to Borrower (Annualised) | 25.1% | 25.1% | 25.1% | 24.2% | |||
Transparency Index | 80 | 80 | 80 | 83 | |||
MFIN Transparency Index | N/A | N/A | N/A | N/A | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|