| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | n/a |
| Year established | 1990 |
| Head of Institution | Kwabena Dankyi Darfoor |
| Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region |
| # Branches | 4 |
| Total Portfolio (nat'l) | GHS 110,408 |
| Total Portfolio (USD) | USD 56,044.67 |
| Active clients with loans | 273 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | GHAMFIN, ASSFIN, UNDP, UNCTAD/EMPRETEC Worldwide |
| Funders | UNDP |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microfinance Loan | GHS 200 - 3,000 | 6 - 12 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business, Specific age group, Children and the very elderly are not eligible., Must be a member of a group or association. | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health/Nutrition , Family Life |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Microfinance Loan | 36.00% annual, Flat | 2 Fees | 0 | None | 10.00% upfront | 69.3% - 70.3% | 82.1% - 83.3% | 43 |
| Outstanding portfolio (BOB) | BOB 670,224,129.20 |
| Portfolio (USD) | USD 99,292,463.59 |
| Active Clients with Loans | 44,495 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| 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 | No ser parte del dirctorio ni ser ejecutivo del Ba |
| Other (2) | Debe tener por lo menos 1 año de experiencia en el |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 480 |
| Maximum loan size | 3,485,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 303.4 months |
| Approx average | 0 |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
| Lowest quoted nominal interest | 8.52% |
| Highest quoted nominal interest | 38.64% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | 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 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 2,500 | BOB 7,000 | BOB 14,000 | BOB 26,200 | BOB 55,000 | BOB 80,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-06-25 | 2010-06-16 | 2010-06-16 | 2010-06-19 | 2010-06-16 | 2010-06-17 | |||||
| Loan Term (Months) | 12.0 months | 24.0 months | 12.0 months | 28.0 months | 12.0 months | 24.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 22.3% | 17.2% | 24.3% | 23.2% | 27.5% | 15.3% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 22.3% | 17.2% | 24.3% | 23.2% | 27.5% | 15.3% | |||||
| Transparency Index | 38 | 49 | 35 | 37 | 31 | 56 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| 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 |
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