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

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

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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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Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

SAO - Kampala SACCO KalrweKampala, Central RegionPO Box 36809

Data approved: 2012-11-22

Data version: 2

Age of data: 144 months

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Product Details

Key Statistics

Outstanding portfolio (UGX)	UGX 156,918,900
Portfolio (USD)	USD 62,768
Active Clients with Loans	204
Approximate % Female Clients	40% - 60%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

Loan for trade and business expansion.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

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
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Central

Loan Conditions

Loan Amount

Currency	UGX
Minimum loan size	UGX 100,000
Maximum loan size	7,000,000

Distribution at Disbursement (Est.)

Loans less than UGX 1,000,000	40%
UGX 1,000,000-5,000,000	30%
UGX 5,000,000-7,500,000	30%
UGX 7,500,000-10,000,000	0
UGX 10,000,000-13,000,000	0
Greater than UGX 13,000,000	0

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	4.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	90%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	5%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	2.50%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Loan Processing Fee	Loan Application Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	3,000
Fixed amount - max	0	3,000
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Business Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	UGX 200,000	UGX 600,000	UGX 1,500,000	UGX 300,000	UGX 7,000,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	0
Disbursement Date	2012-08-16	2012-07-17	2012-08-06	2012-08-03	2012-02-01
Loan Term (Months)	4.1 months	6.0 months	10.0 months	4.0 months	12.0 months
Grace Period (Months)	0.3 months	0.1 months	0.6 months	0.1 months	0.0 months
Total Cost of Credit	UGX 29,000	UGX 111,000	UGX 423,000	UGX 42,000	UGX 2,313,000
True Price by Comp
Interest price component	43.3%	47.4%	49.2%	46.4%	50.5%
Fee Component	16.3%	8.8%	5.0%	15.0%	4.2%
Insurance Component	4.8%	3.6%	2.4%	5.1%	2.1%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	26.0%	26.7%	25.1%	29.1%	25.5%
Full APR (int fee ins tax dep)	90.4%	86.5%	81.7%	95.6%	82.3%
Transparency Index	33	35	37	31	36

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Business Loan Price Graphs

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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
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	Less or equal to:
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Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Business Loan samples

Business Loan Price Graphs

Total Borrowers of Samples

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