2. FASL
Please note that the information you are viewing is 139 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: 139 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.firstalliedghana.com
Year established1996
Head of InstitutionNana Yaw Oduro
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region
# Branches21

Total Portfolio (nat'l)GHS 27,673,204.91
Total Portfolio (USD)USD 14,047,312.14
Active clients with loans13,585
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsGhana 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 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
Institution Price Graph
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  2. COOPEDU
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

COOPEDU District KicukiroKigaliPO Box 4053
Data approved: 2012-09-28
Data version: 2
Age of data: 143 months
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Product

Credit Minerval Product 7 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 24,232,424
Portfolio (USD)USD 38,464
Active Clients with Loans81
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Credit octroye aux membres de la COOPEDU pour payer les minervals (primaire, secondaire, universite). La garantie peut etre un bien meuble ou immeuble
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product3
Regions ActiveGasabo, Kicukiro, Nyarugenge

Loan Conditions

Loan Amount
CurrencyRWF
Minimum loan sizeRWF 100,000
Maximum loan size2,000,000
Distribution at Disbursement (Est.)
Loans less than RWF 500,00030%
RWF 500,000-1,500,00030%
RWF 1,500,000-2,500,00040%
RWF 2,500,000-3,500,0000
RWF 3,500,000-4,500,0000
Greater than RWF 4,500,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months5%
Between 7 and 9 months15%
Between 10 and 12 months80%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.40%
Highest quoted nominal interest1.40%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission sur credit
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionAssurance sur credit
% of loan amount - min0.04%
% of loan amount - max1.12%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees18%
All or some fees taxedAll
Additional Comments
APR calcs have used insurance rates applicable to a 30 year old client

Full Pricing Data

Credit Minerval samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountRWF 107,400RWF 233,900RWF 480,000RWF 975,000RWF 2,000,000
Loan Cycle (1, 2, 3, etc)11111
Disbursement Date2012-03-062012-05-032012-04-272012-05-312012-04-23
Loan Term (Months)4.1 months6.0 months8.0 months12.0 months18.0 months
Grace Period (Months)1.0 month1.0 month1.0 month1.0 month1.0 month
Total Cost of CreditRWF 5,193.64RWF 14,809.67RWF 37,625.93RWF 106,224.14RWF 311,506
True Price by Comp         
Interest price component16.8%16.7%16.8%16.8%16.9%
Fee Component4.8%3.5%2.8%1.9%1.3%
Insurance Component0.4%0.4%0.4%0.4%0.4%
Tax Component0.9%0.7%0.5%0.4%0.4%
Deposit Component0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.9%21.3%20.5%19.5%19.0%
Transparency Index7379828689
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Credit Minerval Price Graphs


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% Products with compulsory deposits
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