Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://www.idghana.org/ |
Year established | 1998 |
Head of Institution | Stephen Mawuli Kwesi Dugbazah |
Regions active | Greater Accra Region |
# Branches | 5 |
Total Portfolio (nat'l) | GHS 1,879,142 |
Total Portfolio (USD) | USD 953,879.19 |
Active clients with loans | 5,689 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | GHAMFIN, ASSFIN, AMT |
Funders | Entrepreneurs du Monde, Air Liquide, TECHNIP, French Embassy |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Front Desk | GHS 100 - 5,000 | 3 - 9 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Business Training, Other Training, Life skill training, counciling, and referral services. | |||||||
Kick Start | GHS 20 - 200 | 6 | 80% - 100% | 80% - 100% | Business | Women | Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services. | |||||||
Onipa Nua (Each other's keepers) | GHS 100 - 5,000 | 3 - 9 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Business Training, Other Training, Life skill training, counciling, and referral services. |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Front Desk | 36.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 68.9% - 74.9% | 68.9% - 74.9% | 49 | ||||||||
Kick Start | 0.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 0% | 0% | 100 | ||||||||
Onipa Nua (Each other's keepers) | 36.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 70.3% - 71.2% | 70.3% - 71.2% | 50 |
Outstanding portfolio (UGX) | UGX 1,341,318,798 |
Portfolio (USD) | USD 536,528 |
Active Clients with Loans | 3,491 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Central, Eastern, Northern, Western |
Currency | UGX |
Minimum loan size | UGX 100,000 |
Maximum loan size | 4,000,000 |
Loans less than UGX 1,000,000 | 50% |
UGX 1,000,000-5,000,000 | 50% |
UGX 5,000,000-7,500,000 | 0 |
UGX 7,500,000-10,000,000 | 0 |
UGX 10,000,000-13,000,000 | 0 |
Greater than UGX 13,000,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 30.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Commission | Loan Processing Fee | |
% of loan amount - min | 2.00% | 2.00% | |
% of loan amount - max | 2.00% | 2.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | n/a | n/a | |
Appears on Repayment Sched? | No | No |
Fee 1 | |
---|---|
Description | Monitoring Fee |
% of loan amount - min | 0.20% |
% of loan amount - max | 0 |
OR, Fixed amount - min | 0 |
Fixed amount - max | 5,000 |
Reason for variation | Capped at 5000 UGX |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 1% < 1 year. 1.5% for loans> 1 year |
Appears on Repayment Sched? | No |
Required for | Some |
Criteria | Not required if collateral is titled land or comrehensively insured motor vehicle |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | UGX 5,000 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | UGX 300,000 | UGX 700,000 | UGX 1,500,000 | UGX 3,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-07-18 | 2012-08-22 | 2012-07-19 | 2012-07-14 | |||
Loan Term (Months) | 5.6 months | 7.0 months | 7.0 months | 11.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | 0.0 months | 0.1 months | |||
Total Cost of Credit | UGX 68,538.46 | UGX 180,230.77 | UGX 375,923.08 | UGX 1,003,653.84 | |||
True Price by Comp | |||||||
Interest price component | 53.0% | 54.3% | 53.4% | 51.8% | |||
Fee Component | 31.9% | 20.0% | 17.7% | 12.9% | |||
Insurance Component | 4.4% | 3.5% | 3.4% | 2.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 38.8% | 26.0% | 18.3% | 14.6% | |||
Full APR (int fee ins tax dep) | 128.1% | 103.8% | 92.8% | 81.8% | |||
Transparency Index | 23 | 29 | 32 | 37 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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