First Allied Savings and Loans Limited - MFTransparency.org Truth In Lending Tables

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Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti

Data approved: 2013-07-15

Data version: 1

Age of data: 139 months

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Institution Details

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

Loan Products » Summary

Golden

3,885 Borrowers

USD 5,006,432.72 Portfolio

Active Product

Commercial

1,134 Borrowers

USD 4,846,607.27 Portfolio

Active Product

Salary

889 Borrowers

USD 304,184.65 Portfolio

Active Product

Super

94 Borrowers

USD 605,463.74 Portfolio

Active Product

Fast Track

239 Borrowers

USD 258,549.42 Portfolio

Active Product

Travel

90 Borrowers

USD 158,851.49 Portfolio

Active Product

Distance

6,833 Borrowers

USD 2,230,976.56 Portfolio

Active Product

Premium

421 Borrowers

USD 636,246.30 Portfolio

Active Product

Loan Products » Conditions

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

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Golden Susu Loans	36.0% annual, Flat	1 Fee	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	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	None	N/A	32.8% - 51.1%	32.8% - 51.1%	46
Super Golden Susu	36.0% annual, Flat	1 Fee	None	5.0%-25.0% upfront	63.5% - 64.7%	101.5% - 105%	34
Fast Track Susu	36.0% annual, Flat	1 Fee	None	20.0%-25.0% upfront	66.7% - 68.3%	107.7% - 111%	32
Travel Loans	44.0%-48.0% annual, Flat	1 Fee	None	15.0%-25.0% upfront	49.4% - 53%	57.7% - 61.9%	74
Distance Banking	36.0% annual, Flat	1 Fee	None	10.0%-25.0% upfront	67.3% - 68.7%	109.4% - 111.6%	32
Premium Golden Susu	36.0% annual, Flat	1 Fee	None	10.0%-25.0% upfront	65.5% - 74.4%	104.9% - 125.8%	32

Institution Price Graph

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Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	139
AMPL	0	0	0	139
Arman	41,500	529,107,000	1	139
Arohan	43,500	8,091,000	2	139
ASA INDIA	164,000	15,380,000	1	139
Asirvad	113,500	19,328,000	1	139
Asmitha	1,114,800	217,867,000	1	139
Bandhan	4,048,600	674,564,000	5	139
Belstar	123,000	23,945,000	2	117
BSFL	275,200	31,590,000	3	139
Chaitanya	20,700	3,748,000	3	139
Disha Microfin	69,000	14,332,000	2	139
Equitas	1,220,000	186,415,000	4	139
ESAF	354,200	43,500,000	5	139
FFSL	150,600	35,719,000	2	139
Fusion	66,800	9,820,000	2	139
Grama Vidiyal	738,200	102,101,000	1	139
Grameen Koota	586,600	83,555,000	15	141
Janalakshmi	506,000	119,077,000	2	139
L & T Finance	399,800	37,199,000	1	139
MFL	331,800	49,083,000	1	139
MMFL	175,000	23,752,000	2	139
Mpower	13,600	2,263,000	2	139
Sahayata	0	0	0	139
Saija	24,700	4,682,000	2	139
Samasta	45,500	4,809,000	2	139
Satin	405,600	90,174,000	2	139
SCCI	115,600	15,910,000	2	139
Share	2,195,400	376,727,000	1	139
SKS	3,409,000	355,029,000	2	139
SMILE	360,200	56,927,000	1	139
SNFL	9,400	1,779,000	1	139
Sonata Finance	158,200	22,724,000	3	141
Spandana	533,400	147,240,000	2	139
Suryoday	78,600	14,713,000	3	139
SVCL	118,200	18,886,000	1	139
Swadhaar	92,800	17,166,000	3	139
Trident	68,700	8,852,000	1	139
Ujjivan	913,300	160,848,000	5	139
Utkarsh	168,600	25,915,000	3	139
VFS	175,400	19,264,000	2	139
Asomi	50,300	4,743,000	2	171
AES India	3,600	286,000	1	171
Arth	2,900	611,000	2	171
Asomi	50,300	4,743,000	2	171
Barasat GS	1,100	99,508.02	1	171
BJS	6,000	468,000	1	171
Cashpor	417,000	50,452,000	1	170
Credible	10,000	1,669,540.36	2	171
DIBAKAR	1,800	145,000	1	170
GOF	65,200	5,388,000	4	170
Hope	62,600	4,407,000	1	168
Jaago	2,700	237,000	1	169
LOK	4,900	573,000	1	170
Nano	25,600	3,660,000	2	171
NBSAAVS	28,100	2,821,000	1	168
Nirantara	8,200	917,000	2	170
Parama	7,100	482,000	1	170
Pragathi	26,200	4,579,000	6	170
PWMACS	36,500	5,946,000	1	170
Saadhana	90,900	12,046,000	2	170
Sambhav	1,500	183,000	3	170
Seba Rahara	6,700	468,000	1	170
SU	61,100	5,498,000	1	170
Swayanshree	7,900	918,000	2	170
Vikas Samiti	1,600	168,000	1	170
Vistaar	4,300	1,157,000	2	168
We The People	1,100	244,000	2	170
WEMCS	1,100	85,000	1	170
Yukti	1,100	99,000	2	170

Key Statistics
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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