Kumanwuman Rural Bank Limited - Commercial Loan - MFTransparency.org Truth In Lending Tables

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Institution

Kumanwuman Rural Bank Limited Head OfficeKumawuKumasi, AshantiP.O. Box 33

Data approved: 2013-03-05

Data version: 2

Age of data: 137 months

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Product

Commercial Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 4,857,253
Portfolio (USD)	USD 2,465,610.66
Active Clients with Loans	1,412
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group	x
Other

Description

Designed for individuals for business start-up and expansion.

Loan Purpose

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

Included Services

Credit education
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training	x
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	Ashanti Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 500
Maximum loan size	90,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	30%
GHS 1,000-5,000	0
GHS 5,000-7,500	20%
GHS 7,500-10,000	20%
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	18.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	20%
Between 7 and 9 months	50%
Between 10 and 12 months	30%
Between 13 and 18 months	0
Longer than 18 months	0

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	x

Pricing Information

Interest

Lowest quoted nominal interest	28.00%
Highest quoted nominal interest	28.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Commitment Fee
% of loan amount - min	3.00%
% of loan amount - max	3.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/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 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	30.00%
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	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Commercial Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 700	GHS 1,500	GHS 3,000	GHS 5,000	GHS 10,000	GHS 15,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-01-15	2012-09-04	2013-01-16	2013-03-07	2013-02-26	2013-03-22
Loan Term (Months)	10.0 months	6.0 months	6.0 months	12.0 months	12.0 months	12.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	-0.2 months	0.0 months	0.0 months
Total Cost of Credit	GHS 184.40	GHS 255	GHS 510	GHS 1,550.04	GHS 3,100.08	GHS 4,650
True Price by Comp
Interest price component	47.4%	45.7%	45.9%	49.2%	47.1%	46.9%
Fee Component	7.1%	10.8%	10.9%	6.3%	6.0%	6.1%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	47.3%	48.8%	49.6%	48.2%	44.8%	44.1%
Full APR (int fee ins tax dep)	101.8%	105.3%	106.4%	103.7%	97.9%	97.1%
Transparency Index	28	27	26	27	29	29

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

Commercial Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	136
AMPL	0	0	0	136
Arman	41,500	529,107,000	1	136
Arohan	43,500	8,091,000	2	136
ASA INDIA	164,000	15,380,000	1	136
Asirvad	113,500	19,328,000	1	136
Asmitha	1,114,800	217,867,000	1	136
Bandhan	4,048,600	674,564,000	5	136
Belstar	123,000	23,945,000	2	115
BSFL	275,200	31,590,000	3	136
Chaitanya	20,700	3,748,000	3	136
Disha Microfin	69,000	14,332,000	2	136
Equitas	1,220,000	186,415,000	4	136
ESAF	354,200	43,500,000	5	136
FFSL	150,600	35,719,000	2	136
Fusion	66,800	9,820,000	2	136
Grama Vidiyal	738,200	102,101,000	1	136
Grameen Koota	586,600	83,555,000	15	139
Janalakshmi	506,000	119,077,000	2	136
L & T Finance	399,800	37,199,000	1	136
MFL	331,800	49,083,000	1	136
MMFL	175,000	23,752,000	2	136
Mpower	13,600	2,263,000	2	136
Sahayata	0	0	0	136
Saija	24,700	4,682,000	2	136
Samasta	45,500	4,809,000	2	136
Satin	405,600	90,174,000	2	136
SCCI	115,600	15,910,000	2	136
Share	2,195,400	376,727,000	1	136
SKS	3,409,000	355,029,000	2	136
SMILE	360,200	56,927,000	1	136
SNFL	9,400	1,779,000	1	136
Sonata Finance	158,200	22,724,000	3	139
Spandana	533,400	147,240,000	2	136
Suryoday	78,600	14,713,000	3	136
SVCL	118,200	18,886,000	1	136
Swadhaar	92,800	17,166,000	3	136
Trident	68,700	8,852,000	1	136
Ujjivan	913,300	160,848,000	5	136
Utkarsh	168,600	25,915,000	3	136
VFS	175,400	19,264,000	2	136
Asomi	50,300	4,743,000	2	169
AES India	3,600	286,000	1	169
Arth	2,900	611,000	2	169
Asomi	50,300	4,743,000	2	169
Barasat GS	1,100	99,508.02	1	169
BJS	6,000	468,000	1	169
Cashpor	417,000	50,452,000	1	168
Credible	10,000	1,669,540.36	2	169
DIBAKAR	1,800	145,000	1	168
GOF	65,200	5,388,000	4	168
Hope	62,600	4,407,000	1	166
Jaago	2,700	237,000	1	167
LOK	4,900	573,000	1	168
Nano	25,600	3,660,000	2	169
NBSAAVS	28,100	2,821,000	1	166
Nirantara	8,200	917,000	2	168
Parama	7,100	482,000	1	168
Pragathi	26,200	4,579,000	6	168
PWMACS	36,500	5,946,000	1	168
Saadhana	90,900	12,046,000	2	168
Sambhav	1,500	183,000	3	168
Seba Rahara	6,700	468,000	1	168
SU	61,100	5,498,000	1	168
Swayanshree	7,900	918,000	2	168
Vikas Samiti	1,600	168,000	1	168
Vistaar	4,300	1,157,000	2	166
We The People	1,100	244,000	2	168
WEMCS	1,100	85,000	1	168
Yukti	1,100	99,000	2	168

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
	to
	to ∞

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

Commercial Loan samples

Commercial Loan Price Graphs

Total Borrowers of Samples

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