| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.tbfghana.com/ |
| Year established | 2011 |
| Head of Institution | frederick ohene sarfo |
| Regions active | Northern Region |
| # Branches | 1 |
| Total Portfolio (nat'l) | GHS 67,730 |
| Total Portfolio (USD) | USD 34,380.71 |
| Active clients with loans | 521 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Bridge Petty Trading Group | GHS 100 - 200 | 12 - 16 | 80% - 100% | 0% - 20% | Business | Women, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Bridge Petty Trading Group | 36.00% annual, Flat | 1 Fee | 0 | None | N/A | 77.7% | 77.7% | 46 |
| Outstanding portfolio (USD) | USD 407,300 |
| Portfolio (USD) | USD 407,300 |
| Active Clients with Loans | 266 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Phnom Penh |
| Currency | USD |
| Minimum loan size | USD 250 |
| Maximum loan size | 24,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 10% |
| USD 1,000-1,500 | 30% |
| USD 1,500-2,000 | 20% |
| USD 2,000-2,500 | 15% |
| Greater than USD 2,500 | 15% |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | DK |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 20% |
| Grace period usage | 0 |
| Average grace period | DK |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.70% |
| Highest quoted nominal interest | 2.30% |
| Reason(s) why interest rate varies | Depends client circumstances - poorer people are charged a lower rate. |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 40 |
| Reason for variation | 0.5% subject to a maximum of 40 USD |
| Appears on Repayment Sched? | Yes |
| Required for | Some |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 250 | USD 600 | USD 1,200 | USD 1,800 | USD 2,400 | USD 3,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-03-16 | 2012-11-03 | 2013-01-21 | 2011-12-28 | 2012-01-13 | 2012-08-17 | |||||
| Loan Term (Months) | 5.1 months | 6.0 months | 12.0 months | 61.0 months | 49.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.9 months | 0.2 months | 0.0 months | -0.1 months | -0.3 months | |||||
| Total Cost of Credit | USD 20.75 | USD 48.95 | USD 171 | USD 995.90 | USD 1,196 | USD 332.28 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 24.8% | 30.7% | 23.2% | 20.9% | 23.8% | 18.3% | |||||
| Fee Component | 8.3% | 6.3% | 2.4% | 1.0% | 0.5% | 2.0% | |||||
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 33.1% | 37.0% | 25.6% | 21.9% | 24.3% | 20.3% | |||||
| Transparency Index | 62 | 55 | 80 | 93 | 84 | 100 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
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| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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