2. FFSL
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  2. ASA-Ghana
Please note that the information you are viewing is 145 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Future Financial Services Ltd. 4-368/1,C.B. RoadAndhra Pradesh, Andhra Pradesh517002
Data approved: 2010-10-25
Data version: 1
Age of data: -   months 
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Institution

ASA-Ghana P.O.Box MP 1834, MamprobiKaneshie-Accra, Greater Accra233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Product

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Product

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Product Summary

Number borrowers116,866
Loan Amount (range)INR 12,000 - 18,000
Loan Term (range)11.5
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins
Annual Interest & Method12.5% annual, Flat
FeesNone
InsuranceNone
TaxNone
Comp Dep1,000.00 upfront
Range of pricing 
Interest Price Component
Fee Component
Insurance Component
Tax Component Range
Full APR (int fee ins tax dep)31.4% - 34.8%
Transparency Index (min/max)
Transparency Index (average)N/A

Product Summary

55,411
GHS 300 - 1,000
6 - 12
36.00%-0.00% annual, Flat
 
N/A
62.8% - 75.7% (Int+Fee)
2.2% - 4.7%
0
81.7% - 106.7%
33 - 44
40

Product Details

Key Statistics
Outstanding portfolio (INR)INR 768,082,960
Portfolio (USD)USD 17,068,510
Active Clients with Loans116,866
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
It is designed to meet the need of the urban dwellers for business promotion. Useful for small vendors like petty business, petty shops, street vendors, small food vendors etc.\r
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 insurancex
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
OtherMust be Married
Other (2)Age between 18 to 58 years
# 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 19,755,896
Portfolio (USD)USD 13,170,597
Active Clients with Loans55,411
Approximate % Female Clients80% - 100%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is called the small loans which are taken usually by pety traders. The first cycle only allows a client to take between 300 and 500 Ghana Cedis and if payment is done well, will be allowed to take out a larger loan\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Otherpetty traders
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Othercan use to start business
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 12,000
Maximum loan size18,000
Loan Term and Grace Period
Shortest loan term11.5 months
Longest loan term11.5 months
Approx average11.5 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
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
CurrencyGHS
Minimum loan sizeGHS 300
Maximum loan size1,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
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 interest12.50%
Highest quoted nominal interest12.50%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Protection Fund (LPF)Processing Fee
% of loan amount - min1.00%1.25%
% of loan amount - max1.00%1.25%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variation
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?
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - N/A
or, Fixed-amount depositedINR 1,000 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
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
Additional Comments
Rs. 1/- collected as cash collateral at the time of Loan Disbursement. The amount is repaid to the client without any interest when the loan is completed. \r

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionRegistration fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min3
Fixed amount - max3
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - NA
or, Fixed-amount deposited0 - NA
Deposits DURING period payments
% loan amount deposited0 - NA
or, Fixed-amount depositedGHS 3 - NA
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?
Additional Comments
The continuing savings amount can vary, but is on average GhC 3.

Full Pricing Data

Weekly Loan samples
No sample data for this product

Full Pricing Data

Small Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan Amount300500700800
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-07-232013-01-282013-02-011900-01-00
Loan Term (Months)10.5 months5.6 months10.5 months10.5 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 Component75.7%63.1%69.8%62.8%
Insurance Component2.7%3.8%2.5%2.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component28.3%17.8%13.6%16.7%
Full APR (int fee ins tax dep)106.7%84.8%85.9%81.7%
Transparency Index34424244
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Weekly Loan Price Graphs
No sample data for this product
Small Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Institution TypeLoan PurposeInstitutionProductCountryYearRange NumberInstitution Data VersionLoan Size (all)Full APR (int fee ins tax dep)> NaNNaNNaNNaNNaNNumber of Borrowers
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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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