| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.firstalliedghana.com |
| Year established | 1996 |
| Head of Institution | Nana Yaw Oduro |
| Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| # Branches | 21 |
| Total Portfolio (nat'l) | GHS 27,673,204.91 |
| Total Portfolio (USD) | USD 14,047,312.14 |
| Active clients with loans | 13,585 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Ghana Microfinance Institutions Network, Ghana Employers Association, Ghana National Chamber of Commerce and Industry |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golden Susu Loans | GHS 500 - 10,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Commercial Loans | GHS 1,000 - 300,000 | 1 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Salary Loans | GHS 200 - 50,000 | 1 - 36 | 20% - 40% | 60% - 80% | Consumer, Education, Other | Women, Men, Salaried worker | Other Training | |||||||
| Super Golden Susu | GHS 10,500 - 50,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Other Training | |||||||
| Fast Track Susu | GHS 2,000 - 10,000 | 3 - 6 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Travel Loans | GHS 2,000 - 10,000 | 3 - 6 | 40% - 60% | 100% | Other | Women, Men, Have business, Salaried worker | Business Training, Other Training | |||||||
| Distance Banking | GHS 1,500 - 10,000 | 3 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Business Training, Other Training | |||||||
| Premium Golden Susu | GHS 1,500 - 50,000 | 3 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golden Susu Loans | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0%-25.0% upfront | 65.6% - 68.3% | 105.1% - 111.1% | 33 | ||||||||
| Commercial Loans | 31.0%-41.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0%-25.0% upfront | 70.6% - 72.2% | 91.1% - 116.2% | 29 | ||||||||
| Salary Loans | 19.0%-28.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 32.8% - 51.1% | 32.8% - 51.1% | 46 | ||||||||
| Super Golden Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0%-25.0% upfront | 63.5% - 64.7% | 101.5% - 105% | 34 | ||||||||
| Fast Track Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0%-25.0% upfront | 66.7% - 68.3% | 107.7% - 111% | 32 | ||||||||
| Travel Loans | 44.0%-48.0% annual, Flat | 1 Fee | 0 Ins | None | 15.0%-25.0% upfront | 49.4% - 53% | 57.7% - 61.9% | 74 | ||||||||
| Distance Banking | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0%-25.0% upfront | 67.3% - 68.7% | 109.4% - 111.6% | 32 | ||||||||
| Premium Golden Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0%-25.0% upfront | 65.5% - 74.4% | 104.9% - 125.8% | 32 |
| Outstanding portfolio (KHR) | KHR 1,910,277,705 |
| Portfolio (USD) | USD 483,614.61 |
| Active Clients with Loans | 2,830 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 7 |
| # Regions for this product | 7 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
| Currency | KHR |
| Minimum loan size | KHR 400,000 |
| Maximum loan size | 2,400,000 |
| Loans less than KHR 1,000,000 | 90% |
| KHR 1,000,000-3,500,000 | 10% |
| KHR 3,500,000-6,000,000 | 0 |
| KHR 6,000,000-8,000,000 | 0 |
| KHR 8,000,000-10,000,000 | 0 |
| Greater than KHR 10,000,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 90% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 10% |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | All branches, loan size and term have the same interest rate. |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | KHR 400,000 | KHR 1,600,000 | KHR 2,400,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-06-19 | 2012-06-19 | 2012-06-19 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | 10.8 months | 10.8 months | 10.8 months | ||
| Total Cost of Credit | KHR 141,200 | KHR 564,800 | KHR 847,200 | ||
| True Price by Comp | |||||
| Interest price component | 36.0% | 36.0% | 36.0% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 1.1% | 1.1% | 1.1% | ||
| Full APR (int fee ins tax dep) | 37.1% | 37.1% | 37.1% | ||
| Transparency Index | 97 | 97 | 97 | ||
| 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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