2. Credible
Please note that the information you are viewing is 171 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. EMPRETEC 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

Institution

Credible Microfinance Pvt Ltd DanipaliBudharajaSambalpur, Orissa768004
Data approved: 2010-10-25
Data version: 1
Age of data: 171 months

Institution

EMPRETEC Ghana Foundation No. 24 Nii Amoah Loop East LegonEGF PMB GPOAccra, Greater Accra
Data approved: 2013-03-21
Data version: 2
Age of data: 139 months
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Product

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Product

Microfinance Loan Product 2 of 2 « Prev | Next »

Product Summary

Number borrowers3,492
Loan Amount (range)INR 2,500 - 20,000
Loan Term (range)8 - 15
Other Services (text summary)Group Mtgs
Annual Interest & Method20.0% annual, Decl Bal
Fees1.00% upfront 1.50% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component24.2% - 25.1% (Int+Fee)
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)24.2% - 25.1%
Transparency Index (min/max)80 - 85
Transparency Index (average)80

Product Summary

263
GHS 200 - 3,000
6 - 12
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health/Nutrition , Family Life
36.00% annual, Flat
2 fees
None
None
10.00% upfront
 
58.1%
11.2% - 12.2%
0
0
82.1% - 83.3%
43 - 44
43

Product Details

Key Statistics
Outstanding portfolio (INR)INR 30,616,031
Portfolio (USD)USD 577,660.96
Active Clients with Loans3,492
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
The agri-allied loans provided to the clients to buy agricultural product inputs such as seeds, fertilizers , tools and also mitigate the operating cost such as wages for hired labour for agri production and livestock.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business training
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
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 78,058
Portfolio (USD)USD 39,623.35
Active Clients with Loans263
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village bankingx
Self help group
Other
Description
Designed for clients in groups and associations who engage in micro-enterprise activites in various productive sectors.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
OtherHealth/Nutrition
Other (2)Family Life
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherChildren and the very elderly are not eligible.
Other (2)Must be a member of a group or association.
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 2,500
Maximum loan size20,000
Loan Term and Grace Period
Shortest loan term8.0 months
Longest loan term15.0 months
Approx average12.0 months
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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00080%
GHS 1,000-5,00020%
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 term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
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 interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan documentation chargesProcessing Fee
% of loan amount - min1.00%1.50%
% of loan amount - max1.00%1.50%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
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 forNever
CriteriaN/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 depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeLegal Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min01
Fixed amount - max05
Reason for variationN/AGroup pays GHS 50. Group size ranges from 10-50 members, so indv legal fee ranges from GHS 1- 5.
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?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid10.00%
Maximum interest rate paid15.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agri-allied samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 2,500INR 5,000INR 10,000INR 20,000
Loan Cycle (1, 2, 3, etc)123Not Known
Disbursement Date2010-03-022010-08-172010-08-172010-08-17
Loan Term (Months)12.0 months12.0 months12.0 months15.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component25.1%25.1%25.1%24.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)25.1%25.1%25.1%24.2%
MFIN MFI Earning (Annualised)25.1%25.1%25.1%24.2%
MFIN Cost to Borrower (Annualised)25.1%25.1%25.1%24.2%
Transparency Index80808083
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 500GHS 1,000GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)1168
Disbursement Date2012-12-012012-12-012012-12-012012-12-01
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 106.67GHS 211.67GHS 316.67GHS 631.67
True Price by Comp       
Interest price component58.1%58.1%58.1%58.1%
Fee Component12.2%11.6%11.4%11.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component13.0%12.9%12.8%12.8%
Full APR (int fee ins tax dep)83.3%82.6%82.3%82.1%
Transparency Index43444444
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Agri-allied Price Graphs


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Microfinance 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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X Axis
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