2. ID-Ghana
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
  2. FINCA
Please note that the information you are viewing is 120 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

FINCA J. Jabbarli str. 44Baku, AzerbaijanAZ 1065
Data approved: 2014-10-10
Data version: 3
Age of data: 120 months
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  • No previous version for this product.

Product

Onipa Nua (Each other's keepers) Product 3 of 3 « Prev | Next »

Product

Express Loan (AZN) Product 9 of 12 « Prev | Next »

Product Summary

Number borrowers5,274
Loan Amount (range)GHS 100 - 5,000
Loan Term (range)3 - 9
Other Services (text summary)Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services.
Annual Interest & Method36.0% annual, Flat
Fees2.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component0 - 63.5%
Fee Component0 - 12.7%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)70.3% - 71.2%
Transparency Index (min/max)48 - 100
Transparency Index (average)50

Product Summary

34,913
AZN 100 - 20,000
3 - 36
23.0%-35.0% annual, Decl Bal
2.00%-3.00% upfront
None
None
N/A
 
21.8% - 38.4%
1.5% - 7.1%
0
0
28.7% - 40.6%
57 - 94
67

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,796,008
Portfolio (USD)USD 911,679.19
Active Clients with Loans5,274
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village bankingx
Self help groupx
OtherEDM Group Methodology
Description
Loan product given directly to individuals in a group of 15-30 members. Group members are required to meet weekly for training, loan repayment, and savings depositing.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherLife skill training, counciling, and referral services.
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
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 institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Product Details

Key Statistics
Outstanding portfolio (AZN)AZN 46,933,189
Portfolio (USD)USD 60,170,755.13
Active Clients with Loans34,913
Approximate % Female Clients0% - 20%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Available to entrepreneurs engaged in trade, manufacturing or service industries.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
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 institution8
# Regions for this product8
Regions ActiveAbsheron, Ganja-Qazakh, Shaki-Zaqatala, Lankaran-Astara, Quba-Khachmaz, Orta Kur, Daglig-Shirvan, Nakhichevan

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size5,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00030%
GHS 1,000-5,00070%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyAZN
Minimum loan sizeAZN 100
Maximum loan size20,000
Distribution at Disbursement (Est.)
Loans less than AZN 1,00030%
AZN 1,000-5,00070%
AZN 5,000-8,0000
AZN 8,000-11,0000
AZN 11,000-14,0000
Greater than AZN 14,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average15.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months50%
Between 13 and 18 months30%
Longer than 18 months15%
Grace Period
Grace period usage10%
Average grace period3.0 months
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 interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
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 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?No
Additional Comments
This is a group methodology with individual responsibility. The group is not held responsible when a member defaults . Training are delivered to them as a group.

Pricing Information

Interest
Lowest quoted nominal interest23.00%
Highest quoted nominal interest35.00%
Reason(s) why interest rate variesBranch, Loan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommission Fee
% of loan amount - min2.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationCommission varies with loan amount. 2% applied on loan amount AZN 4000 and above, 3% on less than AZN 4000. 2% commission flat fee is applicable for Nakhchivan only
Appears on Repayment Sched?No
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 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?No

Full Pricing Data

Onipa Nua (Each other's keepers) samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 700GHS 1,400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-012013-02-012013-02-01
Loan Term (Months)4.9 months4.9 months4.8 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 47.54GHS 110.92GHS 221.85
True Price by Comp     
Interest price component60.6%60.6%61.4%
Fee Component9.7%9.7%9.8%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)70.3%70.3%71.2%
Transparency Index515151
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Express Loan (AZN) samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
AZN 100 Generated 2014-10-01 12.1 months 0.0 months AZN 15.71 28.7% 22.8% 5.9% 0.0% 0.0% 0.0% 80 - PDF
AZN 100 Generated 2014-10-01 12.1 months 0.0 months AZN 22.67 40.6% 34.5% 6.1% 0.0% 0.0% 0.0% 57 - PDF
AZN 115 Generated 2014-10-01 18.1 months 0.0 months AZN 33.40 34.8% 30.6% 4.2% 0.0% 0.0% 0.0% 66 - PDF
AZN 115 Generated 2014-10-01 10.0 months 0.0 months AZN 17.37 32.7% 25.7% 7.0% 0.0% 0.0% 0.0% 70 - PDF
AZN 2,040 Generated 2014-10-01 12.1 months 0.0 months AZN 430.10 37.5% 33.5% 4.0% 0.0% 0.0% 0.0% 61 - PDF
AZN 720 Generated 2014-10-01 12.1 months 0.0 months AZN 126.60 31.7% 27.7% 4.0% 0.0% 0.0% 0.0% 73 - PDF
AZN 2,400 Generated 2014-10-01 18.1 months 0.0 months AZN 675.57 33.8% 29.6% 4.2% 0.0% 0.0% 0.0% 68 - PDF
AZN 960 Generated 2014-10-01 18.1 months 0.0 months AZN 304.73 37.8% 33.5% 4.3% 0.0% 0.0% 0.0% 61 - PDF
AZN 2,760 Generated 2014-10-01 36.4 months 0.0 months AZN 1,668.55 34.1% 32.6% 1.5% 0.0% 0.0% 0.0% 67 - PDF
AZN 1,300 Generated 2014-10-01 14.1 months 0.0 months AZN 270.68 32.1% 28.7% 3.4% 0.0% 0.0% 0.0% 72 - PDF
AZN 1,500 Generated 2014-10-01 18.1 months 0.0 months AZN 434.08 34.4% 31.6% 2.8% 0.0% 0.0% 0.0% 67 - PDF
AZN 2,400 Generated 2014-10-01 12.1 months 0.0 months AZN 449.86 33.6% 29.6% 4.0% 0.0% 0.0% 0.0% 68 - PDF
AZN 2,760 Generated 2014-10-01 14.1 months 0.0 months AZN 650.24 36.1% 32.6% 3.5% 0.0% 0.0% 0.0% 64 - PDF
Onipa Nua (Each other's keepers) Price Graphs


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Express Loan (AZN) 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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