Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1982 |
Head of Institution | C.K Ablerdu |
Regions active | 0 |
# Branches | 9 |
Total Portfolio (nat'l) | GHS 6,917,462 |
Total Portfolio (USD) | USD 4,611,641.33 |
Active clients with loans | 4,110 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | ARB Apex, GHAMFIN |
Funders | SPEED Ghana, MiDA, MASLOC |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 2006 |
Head of Institution | Bishwajit Das |
Regions active | |
# Branches | 7 |
Total Portfolio (nat'l) | INR 24,818,991 |
Total Portfolio (USD) | USD 468,282.85 |
Active clients with loans | 6,040 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | GHS 500 - 90,000 | 6 - 18 | 20% - 40% | 60% - 80% | ||||||||||
Salary Loan | GHS 200 - 6,000 | 6 - 18 | 20% - 40% | 60% - 80% | ||||||||||
Susu Loan | GHS 50 - 20,000 | 3 - 12 | 60% - 80% | 40% - 60% |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | INR 1,000 - 25,000 | 12 | 80% - 100% | 0% - 20% | Business, Can ONLY be used for Working Capital | Women, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 38.1% - 65% | 68.4% - 113.1% | 28 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Flat | 2 Fees | 0 Ins | 38.8% - 56.6% | 45.6% - 66.6% | 52 | ||||||||||
Susu Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 50.1% - 58.3% | 172% - 240.8% | 12 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 29.7% | 27.8% - 29.7% | 36.6% - 39.2% | 42 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 12.5% annual, Flat | 0 Fees | 1 Ins | None | 10.0% upfront | 27.8% - 29.7% | 36.6% - 39.2% | 32 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 38.1% - 65% | 68.4% - 113.1% | 28 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Flat | 2 Fees | 0 Ins Ins | 38.8% - 56.6% | 45.6% - 66.6% | 52 | ||||||||||
Susu Loan | 28.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 50.1% - 58.3% | 172% - 240.8% | 12 |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 29.7% | 27.8% - 29.7% | 36.6% - 39.2% | 42 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Small Loan | 12.5% annual, Flat | 0 Fees | 1 Ins Ins | None | 10.0% upfront | 27.8% - 29.7% | 36.6% - 39.2% | 32 |
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