2. SS Ghana
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
  2. PAWDEP
Please note that the information you are viewing is 141 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

Institution

PAWDEP P.O. Box 2472Nairobi
Data approved: 2013-03-07
Data version: 2
Age of data: 141 months
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Product

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Product

Haraka Loan Product 4 of 7 « Prev | Next »

Product Summary

Number borrowers200
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 & Method36.00% annual, Flat
Fees2 fees
InsuranceNone
TaxNone
Comp Dep50.00 upfront
Range of pricing 
Interest Price Component63.1% - 85.2%
Fee Component19.8% - 29.6%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)125.3% - 144.2%
Transparency Index (min/max)25 - 29
Transparency Index (average)26

Product Summary

10,558
KES 500 - 100,000
1
Group Mtgs, Business Training
60.0% annual, Flat
10.00 upfront
None
None
30.0% upfront 200.00 ongoing
 
17.8% - 59.4%
0.1% - 2.6%
0
0
83.0% - 84.9%
17 - 72
71

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 70,000
Portfolio (USD)USD 35,532.99
Active Clients with Loans200
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for individual women in groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other trainingx
OtherHIV/AIDS Awareness Training
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust be 18+ years old
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Product Details

Key Statistics
Outstanding portfolio (KES)KES 53,960,125
Portfolio (USD)USD 651,692.33
Active Clients with Loans10,558
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
The Haraka loan product is only available to clients in a solidarity group.It is repayable in one month
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
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 institution5
# Regions for this product5
Regions ActiveCentral, Eastern, Nairobi, Nyanza, Rift Valley

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 350
Maximum loan sizeGHS 500
Distribution at Disbursement (Est.)
Loans less than GHS 1,000100%
GHS 1,000-5,0000
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months40%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage90%
Average grace period8.0 months
Repayment Frequency
Daily
Weeklyx
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
CurrencyKES
Minimum loan sizeKES 500
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00090%
KES 50,000-150,00010%
KES 150,000-250,0000
KES 250,000-350,0000
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term1.0 month
Approx average1.0 month
Distribution at Disbursement (Est.)
Loans 3 months or less100%
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
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 interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionApplication FeeProcessing Fee
% of loan amount - min00
% of loan amount - max00
OR, Fixed amount - min1010
Fixed amount - max1015
Reason for variationOnly charged on first-cycle loans10 GHS for first-cycle, 15 GHS for multiple-cycle.
Appears on Repayment Sched?YesYes
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedGHS 50
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedGHS 2
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Application Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max10
Reason for variationN/A
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Group Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 350GHS 400GHS 500
Loan Cycle (1, 2, 3, etc)111
Disbursement Date2012-10-262013-04-192013-04-12
Loan Term (Months)4.8 months4.0 months5.1 months
Grace Period (Months)0.1 months0.2 months0.0 months
Total Cost of CreditGHS 72.20GHS 68GHS 120
True Price by Comp     
Interest price component67.7%63.1%85.2%
Fee Component29.6%29.2%19.8%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component46.9%33.0%32.2%
Full APR (int fee ins tax dep)144.2%125.3%137.2%
Transparency Index252926
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Haraka Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountKES 10,000KES 20,000KES 40,000KES 92,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-112013-04-112013-04-102013-04-04
Loan Term (Months)1.0 month1.0 month1.0 month1.0 month
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditKES 510KES 1,010KES 2,010KES 4,610
True Price by Comp       
Interest price component57.5%59.4%59.4%59.4%
Fee Component1.2%0.6%0.3%0.1%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component24.3%24.9%24.8%24.7%
Full APR (int fee ins tax dep)83.0%84.9%84.5%84.2%
Transparency Index72717171
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Group Loan Price Graphs


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Haraka Loan 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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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