The Bridge Financial Services Limited - The Bridge Petty Trading Group - MFTransparency.org Truth In Lending Tables

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Institution

The Bridge Financial Services Limited TamaleNorthern RegionPO Box TL 2124

Data approved: 2011-12-07

Data version: 1

Age of data: 157 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 35,680
Portfolio (USD)	USD 18,111.68
Active Clients with Loans	415
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

This product is only available to women in petty trading and those who needs capital to go into petty trading businesses. The membership is voluntary and agrees to share common risk by acting as guarantors to each other.

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
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men
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	Northern Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 100
Maximum loan size	GHS 200

Loan Term and Grace Period

Shortest loan term	12.0 months
Longest loan term	16.0 months
Approx average	16.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
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 interest	3.00%
Highest quoted nominal interest	3.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	2
Fixed amount - max	2
Reason for variation
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	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

The Bridge Petty Trading Group samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 200	GHS 200	GHS 200
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-06-06	2011-04-22	2011-06-06
Loan Term (Months)	3.7 months	3.7 months	3.7 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	77.7%	77.7%	77.7%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	77.7%	77.7%	77.7%
Transparency Index	46	46	46

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

The Bridge Petty Trading Group Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
APAS	320	128,000	2	163
BRAC-UGA	139,200	28,254,000	3	120
Centenary Bank	133,802	221,144,231	4	144
EBO SACCO	1,500	1,240,382	2	144
Equity Bank	13,069	57,252,004	0	144
Finance Trust	22,555	17,520,424	5	144
FINCA-UGA	56,300	27,402,000	4	118
Five Talents	5,365	368,057	2	144
Gatsby	1,346	2,440,236	2	144
Habitat Uganda	858	265,508	1	144
Hofokam	20,908	4,793,200	6	144
KACITA	156	60,318	1	144
Madfa SACCO	4,832	288,674	5	144
Opportunity	23,734	13,560,846	13	144
RUCREF	5,557	898,380	4	163
Rushere SACCO	983	574,549	2	144
SAO	204	62,768	1	144
Silver Upholders	2,111	189,189	4	144
THPU	6,528	676,391	1	144
UGAFODE	8,197	4,720,446	9	144
VF Uganda	13,072	3,221,675	5	144
Wakiso	513	276,000	1	144
Y-SAVE	208	1,686,485	1	144

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
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N (# of Samples)
Total Borrrowers of Samples


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By Country

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