Safe Save Ghana - Group Loan - 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

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

Safe Save Ghana Head OfficeAccra, GhanaP.O. Box 949

Data approved: 2013-04-03

Data version: 1

Age of data: 139 months

Download Data

Analyze Data

Institution

FFP Prodem S.A. Belisario Salinas # 520La Paz13963

Data approved: 2013-09-06

Data version: 2

Age of data: 130 months

Download Data

Analyze Data

Product

Group Loan Product 1 of 1 « Prev | Next »

Product

Linea de Credito Microefectivo Product 3 of 4 « Prev | Next »

Product Summary

Number borrowers	200
Loan Amount (range)	GHS 350 - 500
Loan Term (range)	5 - 12
Other Services (text summary)	Credit Educ, Group Mtgs, Business Training, Other Training, HIV/AIDS Awareness Training
Annual Interest & Method	36.00% annual, Flat
Fees	2 fees
Insurance	None
Tax	None
Comp Dep	50.00 upfront
Range of pricing
Interest Price Component	63.1% - 85.2%
Fee Component	19.8% - 29.6%
Insurance Component	0
Tax Component Range	0
Full APR (int fee ins tax dep)	125.3% - 144.2%
Transparency Index (min/max)	25 - 29
Transparency Index (average)	26

Product Summary

4,855
BOB 400 - 80,000
1 - 24
Credit Ins
14.0%-29.5% annual, Decl Bal
None
0.07%-1.56% upfront 0.07%-1.56% ongoing
None
N/A

15.6% - 29.5%
0
0.7% - 1.1%
0
21.9% - 26.9%
52 - 98
58

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 70,000
Portfolio (USD)	USD 35,532.99
Active Clients with Loans	200
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Designed for individual women in groups.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits
Business training	x
Other training	x
Other	HIV/AIDS Awareness Training
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other	Must be 18+ years old
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	1
# Regions for this product	1
Regions Active	Greater Accra Region

Product Details

Key Statistics

Outstanding portfolio (BOB)	BOB 104,524,067
Portfolio (USD)	USD 15,485,046.96
Active Clients with Loans	4,855
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Microlinea de credito, la cual busca dar mayor agilidad en los desembolsos que el cliente requiere ya que puede retirar de cajas el saldo de su línea. Se puede obtener la linea tanto en Bolivianos como en dolares.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture	x
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	x
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	9
# Regions for this product	9
Regions Active	Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 350
Maximum loan size	GHS 500

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	100%
GHS 1,000-5,000	0
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	5.0 months
Longest loan term	12.0 months
Approx average	8.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	60%
Between 7 and 9 months	40%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	90%
Average grace period	8.0 months

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

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 400
Maximum loan size	80,000

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	20%
BOB 10,000-40,000	70%
BOB 40,000-70,000	5%
BOB 70,000-100,000	5%
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	24.0 months
Approx average	20.4 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	5%
Between 10 and 12 months	5%
Between 13 and 18 months	10%
Longer than 18 months	80%

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

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?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Application Fee	Processing Fee
% of loan amount - min	0	0
% of loan amount - max	0	0
OR, Fixed amount - min	10	10
Fixed amount - max	10	15
Reason for variation	Only charged on first-cycle loans	10 GHS for first-cycle, 15 GHS for multiple-cycle.
Appears on Repayment Sched?	Yes	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	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	No
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	GHS 50

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	GHS 2
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	6.00%
Maximum interest rate paid	6.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Pricing Information

Interest

Lowest quoted nominal interest	14.00%
Highest quoted nominal interest	29.50%
Reason(s) why interest rate varies	Branch, Time as Client, Loan Size, Client Risk, Collateral
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

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Seguro de desgravamen anticipado
% of loan amount - min	0.07%
% of loan amount - max	1.56%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Fee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment.
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

	Ins 1
Description	Seguro de desgravamen
% of loan amount - min	0.07%
% of loan amount - max	1.56%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	Fee is 0.065% per month, charged on the outstanding loan principal.
Appears on Repayment Sched?	Yes

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

Group Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 350	GHS 400	GHS 500
Loan Cycle (1, 2, 3, etc)	1	1	1
Disbursement Date	2012-10-26	2013-04-19	2013-04-12
Loan Term (Months)	4.8 months	4.0 months	5.1 months
Grace Period (Months)	0.1 months	0.2 months	0.0 months
Total Cost of Credit	GHS 72.20	GHS 68	GHS 120
True Price by Comp
Interest price component	67.7%	63.1%	85.2%
Fee Component	29.6%	29.2%	19.8%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	46.9%	33.0%	32.2%
Full APR (int fee ins tax dep)	144.2%	125.3%	137.2%
Transparency Index	25	29	26

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

Full Pricing Data

Linea de Credito Microefectivo samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	BOB 5,000	BOB 10,000	BOB 16,000	BOB 18,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-07-25	2013-08-03	2013-07-23	2013-07-11
Loan Term (Months)	7.0 months	13.0 months	19.0 months	18.0 months
Grace Period (Months)	0.6 months	0.4 months	0.7 months	-0.3 months
Total Cost of Credit	BOB 473.74	BOB 1,613.27	BOB 3,155.79	BOB 3,207.21
True Price by Comp
Interest price component	26.0%	26.1%	21.1%	21.1%
Fee Component	0.0%	0.0%	0.0%	0.0%
Insurance Component	0.9%	0.7%	0.8%	0.8%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	26.9%	26.8%	21.9%	21.9%
Transparency Index	52	52	64	64

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

Group Loan Price Graphs

Click to view Price Analysis Tool

Linea de Credito Microefectivo Price Graphs

Click to view Price Analysis Tool

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

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

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

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

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

Group Loan samples

Full Pricing Data

Linea de Credito Microefectivo samples

Group Loan Price Graphs

Linea de Credito Microefectivo Price Graphs

Total Borrowers of Samples

Learn More

MFTransparency News

Explore Resources