| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.grameenghana.org |
| Year established | 2001 |
| Head of Institution | Mohammed A. Adams |
| Regions active | Northern Region, Upper East Region |
| # Branches | 5 |
| Total Portfolio (nat'l) | GHS 998,804 |
| Total Portfolio (USD) | USD 507,007.11 |
| Active clients with loans | 9,505 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | ASSFIN, GHAMFIN, African Microfinance Transparency (AMT), Civil Society Platform |
| Funders | Grameen Foundation, CORDAID, Planet Finance, Alterfin |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Business Loan | GHS 400 - 1,000 | 6 - 12 | 80% - 100% | 0% - 20% | Business, Agricultural Production | Women, Men | Credit Educ, Group Mtgs, Other Training, Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. | |||||||
| Basic Loan | GHS 50 - 1,000 | 4 - 6 | 100% | 0% - 20% | Business | Women | Credit Educ, Group Mtgs, Other Training, Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. | |||||||
| Shea Loan | GHS 50 - 500 | 6 - 9 | 100% | 0% | Any Purpose | Women | Credit Educ, Group Mtgs, Other Training, Training in health, nutrition, sanitation, breast-feeding, and malaria prevention. |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Business Loan | 30.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 45.8% | 45.8% | 65 | ||||||||
| Basic Loan | 36.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 70.8% | 70.8% | 50 | ||||||||
| Shea Loan | 36.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 39.6% - 44.5% | 39.6% - 44.5% | 87 |
| Outstanding portfolio (BOB) | BOB 2,939,005 |
| Portfolio (USD) | USD 435,408.15 |
| Active Clients with Loans | 141 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 70,000 |
| Maximum loan size | 70,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 60.0 months |
| Approx average | 0 |
| 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 | 16.00% |
| Highest quoted nominal interest | 16.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Vida |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | BOB 50 - N/A |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 - BOB 50 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | BOB 70,000 | BOB 70,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2010-08-12 | 2010-09-20 | |
| Loan Term (Months) | 60.0 months | 60.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 16.9% | 16.9% | |
| Insurance Component | 0.0% | 0.0% | |
| Tax Component | 0.6% | 0.6% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 17.6% | 17.6% | |
| Transparency Index | 91 | 91 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Key Statistics | |
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| # Borrowers | |
| 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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