2. MicrofinPlus Gh
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

Institution

MicrofinPlus Ghana Head OfficeKasoa Bawijiase RoadKasoa, CentralP.O. Box 166
Data approved: 2013-03-08
Data version: 2
Age of data: 139 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 441,908.06
Portfolio (USD)USD 231,365
Active Clients with Loans1,068
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
Designed for women in groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
OtherMalaria prevention training
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMaximum amount of men permitted in group - 20%.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveCentral Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 50
Maximum loan size2,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00070%
GHS 1,000-5,00030%
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 term6.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.2 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
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 interest45.00%
Highest quoted nominal interest45.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min0.75%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 3% per annum. Varies depending on loan term.
Appears on Repayment Sched?No
Ongoing Fees
Fee 1
DescriptionGroup Fee
% of loan amount - min0.75%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 3% per annum. Varies depending on loan term.
Appears on Repayment Sched?No
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionInsurance 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?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid3.00%
Maximum interest rate paid3.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
In the case of first-cycle loans, savings are accumulated over a start-up training period of 6 weeks, then deposited before receiving a loan. For multiple-cycle loans, savings is accumulated throughout the loan term of the previous cycle, then deposited before receiving a loan.

Full Pricing Data

M-Hope samples
Sample 1Sample 2Sample 3
Loan AmountGHS 300GHS 600GHS 1,600
Loan Cycle (1, 2, 3, etc)666
Disbursement Date2012-11-082012-11-082012-12-18
Loan Term (Months)4.0 months4.0 months4.0 months
Grace Period (Months)0.2 months0.2 months0.2 months
Total Cost of CreditGHS 57.90GHS 115.80GHS 308.80
True Price by Comp     
Interest price component76.2%76.2%80.5%
Fee Component10.2%10.2%10.8%
Insurance Component9.4%9.4%9.9%
Tax Component0.0%0.0%0.0%
Deposit Component28.5%28.5%32.1%
Full APR (int fee ins tax dep)124.3%124.3%133.3%
Transparency Index363634
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
M-Hope Price Graphs


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  2. PRODEM
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

FFP Prodem S.A. Belisario Salinas # 520La Paz13963
Data approved: 2013-09-06
Data version: 2
Age of data: 130 months
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp:// www.prodemffp.com
Year established2000
Head of InstitutionJose Noel Zamora
Regions activeBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija
# Branches111

Total Portfolio (nat'l)BOB 422,075,707
Total Portfolio (USD)USD 62,529,734.37
Active clients with loans44,919
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

Estacional
1,096 Borrowers
USD 28,796,464.44 Portfolio
Active Product
Micro
4,855 Borrowers
USD 15,485,046.96 Portfolio
Active Product
Relampago
38,960 Borrowers
USD 18,247,080.44 Portfolio
Active Product
Solidario
8 Borrowers
USD 1,142.52 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Estacional BOB 24,000 - 140,000 1 - 6 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins
Linea de Credito Microefectivo BOB 400 - 80,000 1 - 24 60% - 80% 60% - 80% Business, Agriculture Women, Men, Have business Credit Ins
Relámpago BOB 400 - 80,000 1 - 18 60% - 80% 40% - 60% Business, Agriculture Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Estacional 16.0%-27.0% annual, Decl Bal 0 Fees 2 Ins None N/A 15.6% - 17.4% 16.4% - 18.5% 92
Linea de Credito Microefectivo 14.0%-29.5% annual, Decl Bal 0 Fees 2 Ins None N/A 21.1% - 26.1% 21.9% - 26.9% 58
Relámpago 26.0%-30.5% annual, Decl Bal 0 Fees 2 Ins None N/A 26.1% - 29.5% 26.9% - 30.4% 90
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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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