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

Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 142 months

Download Data

Analyze Data

Institution

Ujjivan Financial Services Private Limited #93, Jakkasandra ExtensionSarjapur Main Cross Road, Koramangala 1st BlockBangalore, KarnatakaPO Box 56003

Data approved: 2012-12-18

Data version: 2

Age of data: 141 months

Download Data

Analyze Data

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

Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.ujjivan.com/
Year established	2005
Head of Institution	Samit Ghosh
Regions active	Assam, Bihar, Goa, Gujarat, HaryanaJharkhand, Karnataka, Kerala, Maharashtra, Meghalaya, OrissaPunjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, West Bengal, Chandigarh, National Capital Territory of Delhi, Puducherry
# Branches	298

Total Portfolio (nat'l)	INR 8,831,317,978
Total Portfolio (USD)	USD 166,628,641.10
Active clients with loans	918,610
Approximate % female clients	80% - 100%
Approximate % urban clients	80% - 100%
Network affiliations	Association of Karnataka Microfinance Inst (AKMI), Sa-Dhan, MFIN, Women's World Banking

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 » Summary

Business

688,874 Borrowers

USD 119,564,143.30 Portfolio

Active Product

Education

5,676 Borrowers

USD 417,294.23 Portfolio

Active Product

Emergency

112 Borrowers

USD 1,935.47 Portfolio

Active Product

Family

212,667 Borrowers

USD 38,401,142.19 Portfolio

Active Product

Livestock

5,991 Borrowers

USD 2,464,108.25 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 » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Business Loan	INR 6,000 - 50,000	12 - 24	80% - 100%	80% - 100%	Business	Women, Have business, Med HH Inc, Can be used for spouses/son's business	Credit Educ, Group Mtgs, Credit Ins, Financial Literacy Training, Life Insurance
Education Loan	INR 5,000 - 15,000	12	80% - 100%	80% - 100%	Education	Women, Med HH Inc	Credit Educ, Group Mtgs, Credit Ins, Financial literacy training, Scholarships by Parinaam Foundation for deserving students.
Emergency Loan	INR 2,000 - 2,000	6	80% - 100%	80% - 100%	Other, Emergency use only	Women, Med HH Inc	Group Mtgs
Family Loan	INR 6,000 - 35,000	12 - 24	80% - 100%	80% - 100%	Housing, Consumer, Education, Other	Women, Med HH Inc	Credit Educ, Group Mtgs, Credit Ins, Financial Literacy training, Life Insurance
Livestock Loan	INR 15,000 - 35,000	24	80% - 100%	0% - 20%	Business	Women, Med HH Inc	Credit Educ, Group Mtgs, Credit Ins

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

Loan Products » MFIN India Additional Information

Product Name	APR (int)	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD	COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES	COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM	MFIN Transparency Index
Business Loan	23.7%	25.1% - 25.5%	26.7% - 28.2%	Yes	Yes	Yes	100
Education Loan	23.3% - 23.8%	25% - 25.7%	26.3% - 28.3%	Yes	Yes	Yes	100
Emergency Loan	23.3% - 24.4%	23.3% - 24.4%	23.3% - 24.4%	Yes	Yes	Yes	100
Family Loan	23.7% - 24.8%	25.1% - 26.7%	26.7% - 29.3%	Yes	Yes	Yes	100
Livestock Loan	25% - 26.9%	26% - 27.9%	32.4% - 34.9%	Yes	Yes	Yes	93

*Please click here for more information

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Business Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	25.1% - 25.5%	26.7% - 28.2%	87
Education Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	25% - 25.7%	26.3% - 28.3%	87
Emergency Loan	24.0%-25.0% annual, Decl Bal	0 Fees	0 Ins	None	N/A	23.3% - 24.4%	23.3% - 24.4%	100
Family Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins	12.36% fees	N/A	25.1% - 26.7%	26.7% - 29.3%	86
Livestock Loan	24.0% annual, Decl Bal	1 Fee	2 Ins	12.36% fees	N/A	26% - 27.9%	32.4% - 34.9%	72

Loan Products » Pricing Information

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 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 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 Ins	None	N/A	32.8% - 51.1%	32.8% - 51.1%	46
Super Golden Susu	36.0% annual, Flat	1 Fee	0 Ins 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 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 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 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 Ins	None	10.0%-25.0% upfront	65.5% - 74.4%	104.9% - 125.8%	32

Loan Products » MFIN India Additional Information

Product Name	APR (int)	MFIN MFI Earning (Annualised)	MFIN Cost to Borrower (Annualised)	COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD	COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES	COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM	MFIN Transparency Index
Business Loan	23.7%	25.1% - 25.5%	26.7% - 28.2%	Yes	Yes	Yes	100
Education Loan	23.3% - 23.8%	25% - 25.7%	26.3% - 28.3%	Yes	Yes	Yes	100
Emergency Loan	23.3% - 24.4%	23.3% - 24.4%	23.3% - 24.4%	Yes	Yes	Yes	100
Family Loan	23.7% - 24.8%	25.1% - 26.7%	26.7% - 29.3%	Yes	Yes	Yes	100
Livestock Loan	25% - 26.9%	26% - 27.9%	32.4% - 34.9%	Yes	Yes	Yes	93

*Please click here for more information

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Business Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins Ins	12.36% fees	N/A	25.1% - 25.5%	26.7% - 28.2%	87
Education Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins Ins	12.36% fees	N/A	25% - 25.7%	26.3% - 28.3%	87
Emergency Loan	24.0%-25.0% annual, Decl Bal	0 Fees	0 Ins Ins	None	N/A	23.3% - 24.4%	23.3% - 24.4%	100
Family Loan	24.0%-25.0% annual, Decl Bal	1 Fee	1 Ins Ins	12.36% fees	N/A	25.1% - 26.7%	26.7% - 29.3%	86
Livestock Loan	24.0% annual, Decl Bal	1 Fee	2 Ins Ins	12.36% fees	N/A	26% - 27.9%	32.4% - 34.9%	72

Institution Price Graph

Click to view Price Analysis Tool

Institution Price Graph

Click to view Price Analysis Tool

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Institution

Institution Details

Institution Details

Loan Products » Summary

Loan Products » Summary

Loan Products » Conditions

Loan Products » Conditions

Loan Products » Pricing Information

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Loan Products » Pricing Information

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Institution Price Graph

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources