Sinapi Aba Trust - MFTransparency.org Truth In Lending Tables

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

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, near Capital RadioKumasi, AshantiP.O. Box 4911

Data approved: 2013-03-13

Data version: 2

Age of data: 139 months

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Institution Details

Institution Type	Non-Governmental Organization
Is this institution regulated?	No
Website address	http://www.sinapiaba.com/
Year established	1994
Head of Institution	Anthony Gyasi-Fosu
Regions active	Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region
# Branches	48

Total Portfolio (nat'l)	GHS 57,838,603
Total Portfolio (USD)	USD 29,359,696.95
Active clients with loans	148,020
Approximate % female clients	80% - 100%
Approximate % urban clients	20% - 40%
Network affiliations	Opportunity International, GHAMFIN, Mix Market, ASSFIN
Funders	Blue Orchard, Symbotics, Kolibre Capital, Tridos

Loan Products » Summary

Individual

4,150 Borrowers

USD 1,078,246.19 Portfolio

Active Product

SME

519 Borrowers

USD 1,896,553.30 Portfolio

Active Product

Solidarity

45,929 Borrowers

USD 11,445,623.86 Portfolio

Active Product

Trust

97,009 Borrowers

USD 14,939,274.11 Portfolio

Active Product

School Loans

Retired Product

Loan Products » Conditions

Product Name	Loan Size Range	Loan Term (months)	% Female	% Urban	Loan Purpose	Eligibility	Other Services
Individual	GHS 100 - 5,000	6 - 12	80% - 100%	60% - 80%	Business, Housing, Education, Micro School, Special Agric Loan	Women, Men, Have business	Credit Educ, Group Mtgs, Business Training
SME	GHS 5,000 - 50,000	6 - 12	60% - 80%	80% - 100%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Solidarity	GHS 1,000 - 4,000	0.5 - 10	80% - 100%	0% - 20%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health Education
Trust Bank	GHS 200 - 900	6 - 10	80% - 100%	0% - 20%	Business	Women, Men, Have business	Credit Educ, Group Mtgs, Credit Ins

Loan Products » Pricing Information

Product Name	Annual Nominal Interest	Fees	Insurance	Taxes	Compulsory Deposit	APR (int+fee)	Full APR	Transparency Index
Individual	20.00%-40.00% annual, Flat	2 Fees	1 Ins	None	10.00% upfront	64.3% - 75.8%	78.7% - 91.5%	22
SME	36.00%-40.00% annual, Flat	2 Fees	1 Ins	None	10.00% upfront	56.6% - 76.6%	69.6% - 94.5%	43
Solidarity	22.00%-39.00% annual, Flat	2 Fees	1 Ins	None	10.00% upfront	69.2% - 75.4%	84.8% - 93.1%	24
Trust Bank	22.00%-39.00% annual, Flat	2 Fees	1 Ins	None	10.00% upfront	76.8% - 79.4%	94.4% - 97.8%	22

Institution Price Graph

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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

FONDECO Av. Pedro Ribera Méndez (Tercer Anillo Interno) esquina Chuubi, entre Av. Paraguá y Av. MutualistaSanta Cruz de la Sierra, Bolivia

Data approved: 2013-09-13

Data version: 2

Age of data: 130 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 19,992,902
Portfolio (USD)	USD 2,961,911.41
Active Clients with Loans	11,250
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Créditos a grupos de mujeres organizados desde 10 a 30 personas, garantías solidarias y mancomunadas, disponibilidad de ahorros al final del ciclo, ciclos y plazos adecuados a sus actividades.

Loan Purpose

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

Included Services

Credit education	x
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
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	Cada grupo deber estar compuesto por al menos 75% de mujeres
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	5
Regions Active	Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 500
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	90%
BOB 10,000-40,000	10%
BOB 40,000-70,000	0
BOB 70,000-100,000	0
BOB 100,000-125,000	0
Greater than BOB 125,000	0

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	10.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	5%
Between 7 and 9 months	15%
Between 10 and 12 months	80%
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	x
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment	x
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	27.00%
Highest quoted nominal interest	32.00%
Reason(s) why interest rate varies	Loan Purpose, Número de participante en cada grupo y por tipo de credito, beneficiando al sector productivo.
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Comision por Gastos Administrativos
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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	El depósito obligatorio antes del desembolso varía entre 10%-15% basado en el nivel de riesgo de cada agencia.
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - 15.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	15.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Fondos Comunales samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	BOB 1,000	BOB 5,000	BOB 6,800	BOB 8,000	BOB 9,500	BOB 11,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-09-13	2013-10-26	2013-10-26	2013-09-13	2013-10-26	2013-10-26
Loan Term (Months)	8.0 months	11.0 months	11.0 months	8.0 months	11.0 months	11.0 months
Grace Period (Months)	0.2 months	0.2 months	0.2 months	0.2 months	0.2 months	0.2 months
Total Cost of Credit	BOB 218.60	BOB 969.57	BOB 1,319.89	BOB 1,748.80	BOB 1,844.03	BOB 2,134.22
True Price by Comp
Interest price component	31.1%	32.0%	32.0%	31.1%	32.0%	32.0%
Fee Component	3.4%	4.2%	4.2%	3.4%	4.2%	4.2%
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	9.7%	19.7%	13.6%	7.1%	13.6%	13.6%
Full APR (int fee ins tax dep)	44.2%	55.9%	49.8%	41.6%	49.8%	49.8%
Transparency Index	61	48	54	65	54	54

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

Fondos Comunales Price Graphs

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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

	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

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » Pricing Information

Institution Price Graph

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

Fondos Comunales samples

Fondos Comunales Price Graphs

Total Borrowers of Samples

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