Initiative Development-Ghana FNGO - Kick Start - 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

Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Initiative Development-Ghana FNGO Head OfficeStephens Close, Dansoman SNNIT Flats, Opposite Block 15Accra, Greater AccraP.O. Box GP 19382

Data approved: 2013-02-19

Data version: 2

Age of data: 139 months

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Institution

Crédito con Educación Rural Calle Demetrio Canelas Nro. 27 entre calles 16 y 17 de Obrajes, MurilloLa Paz, Bolivia13748

Data approved: 2013-08-15

Data version: 3

Age of data: 130 months

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Product Summary

Number borrowers	138
Loan Amount (range)	GHS 20 - 200
Loan Term (range)	6
Other Services (text summary)	Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services.
Annual Interest & Method	0.0% annual, Flat
Fees	None
Insurance	None
Tax	None
Comp Dep	N/A
Range of pricing
Interest Price Component	0 - 63.5%
Fee Component	0 - 12.7%
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	0
Transparency Index (min/max)	48 - 100
Transparency Index (average)	100

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 6,314
Portfolio (USD)	USD 3,205.08
Active Clients with Loans	138
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Zero-interest social loan given only to women 18+ years old. The total estimated value of the client's assets should be GHS 100 or less.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training	x
Other	Life skill training, counciling, and referral services.
Other (2)
No other services

Eligibility

Men
Women	x
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 institution	1
# Regions for this product	1
Regions Active	Greater Accra Region

Product Details

This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months. MFTransparency presents basic data rather than full data for low volume products

Key Statistics

Outstanding portfolio (USD)	USD 54,848
Portfolio (USD)	USD 54,848
Active Clients with Loans	29
Approximate % Female Clients	0% - 20%
Approximate % Urban Clients	20% - 40%

Description

Para personas naturales destinado a financiar la adquisición de bienes de consumo o el pago de servicios, su fuente principal de pago es el salario de una personal o ingresos provenientes de una actividad económica

Loan Purpose

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	9
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 20
Maximum loan size	GHS 200

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	100%
GHS 1,000-5,000	0
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	0
Highest quoted nominal interest	0
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

This product is a zero percent Interest facility to mainly the very poor in the communities who needs a startup fund to start an activity. There are given special attention for them to graduate from this product to Onipa Nua product.

Full Pricing Data

Kick Start samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 100	GHS 100	GHS 100
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2012-11-16	2012-10-30	2012-11-16
Loan Term (Months)	6.0 months	6.0 months	6.0 months
Grace Period (Months)	0.4 months	0.4 months	0.6 months
Total Cost of Credit	GHS -100	GHS -100	GHS -100
True Price by Comp
Interest price component	0.0%	0.0%	0.0%
Fee Component	0.0%	0.0%	0.0%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	0.0%	0.0%	0.0%
Transparency Index	100	100	100

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

Kick Start 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
	Greater than:
	Less or equal to:
	From 0 to
	to
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Institution

Institution

Product

Product

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Description

Loan Purpose

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

Additional Comments

Full Pricing Data

Kick Start samples

Kick Start Price Graphs

Total Borrowers of Samples

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