2. Simli Pong
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Simli Pong SimplipongTamale, Northern Region
Data approved: 2011-12-07
Data version: 1
Age of data: 157 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1986
Head of InstitutionNantogma Issah Abdulai
Regions active
# Branches6

Total Portfolio (nat'l)GHS 927,856
Total Portfolio (USD)USD 470,992.89
Active clients with loans8,970
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsASSFIN, GHAMFIN
Funders

Loan Products » Summary

Agriculture
120 Borrowers
USD 36,781.73 Portfolio
Active Product
Agro-Process
5,720 Borrowers
USD 319,147.72 Portfolio
Active Product
Trading
3,100 Borrowers
USD 107,104.06 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan GHS 300 - 500 6 - 12 40% - 60% 0% - 20% Business, Farming Women, Men, Must be in a group, must have a farm Group Mtgs, Credit Ins, Other Training
Agro-Processing Loan GHS 100 - 2,100 6 - 12 80% - 100% 0% - 20% Business, for agro-processing activities Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Trading Loan GHS 100 - 1,200 12 80% - 100% 20% - 40% Business, petty trading Women Credit Educ, Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.00% annual, Flat 0 Fees 0 Ins None N/A 29.8% - 30.1% 29.8% - 30.1% 66
Agro-Processing Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 44.4% - 57.6% 52.1% - 68.6% 45
Trading Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None N/A 51.2% - 60.8% 51.2% - 60.8% 47
Institution Price Graph
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  2. FONDEP
Please note that the information you are viewing is 128 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fondation pour le Development Local et le Partenariat Micro-Crédit Imm. Saraya, Angle Bd Riad et Av Alarz - Hay RiadRabat10100
Data approved: 2013-05-13
Data version: 1
Age of data: 128 months

Product

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Product Details

Key Statistics
Outstanding portfolio (MAD)MAD 778,769
Portfolio (USD)USD 91,619.88
Active Clients with Loans82
Approximate % Female Clients60% - 80%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Ce produit est destiné aux clients ayant une activité génératrice de revenu et les fonctionnaires désireux d’acquérir un bien immobilier
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age group
OtherFonctionnaires
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveTangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa

Loan Conditions

Loan Amount
CurrencyMAD
Minimum loan sizeMAD 10,000
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than MAD 5,0000
MAD 5,000-15,00020%
MAD 15,000-25,00050%
MAD 25,000-35,00030%
MAD 35,000-45,0000
Greater than MAD 45,0000
Loan Term and Grace Period
Shortest loan term9.0 months
Longest loan term30.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months20%
Longer than 18 months70%
Grace Period
Grace period usage0
Average grace period0
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 interest27.00%
Highest quoted nominal interest27.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionFrais de dossierFrais de Carnet
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/DN/A
Appears on Repayment Sched?YesNo
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
MAD 50 membership fee for new clients + MAD 10 passbook fee (passbook is always kept by the client)

Full Pricing Data

Aqar samples
Sample 1Sample 2Sample 3
Loan AmountMAD 10,000MAD 20,000MAD 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-12-312014-03-052014-02-24
Loan Term (Months)18.0 months31.0 months24.0 months
Grace Period (Months)0.1 months0.1 months-0.1 months
Total Cost of CreditMAD 2,586MAD 8,330MAD 10,078
True Price by Comp     
Interest price component26.6%26.5%26.9%
Fee Component4.2%2.7%3.2%
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)30.8%29.2%30.1%
Transparency Index889290
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Aqar Price Graphs


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