Institution

Data approved: 2013-06-25
Data version: 2
Age of data: 141 months

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 139 months

Product

Inua Loan Product 5 of 11 « Prev | Next »

Product

Premium Golden Susu Product 9 of 9 « Prev | Next »

Product Summary

Number borrowers5,770
Loan Amount (range)KES 5,000 - 300,000
Loan Term (range)3 - 18
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Health insurance - optional
Annual Interest & Method22.0% annual, Flat
Fees1.00% upfront
Insurance2.00% upfront
TaxNone
Comp Dep20.0% upfront 100.00 ongoing
Range of pricing 
Interest Price Component28.1% - 38.9%
Fee Component1.9% - 3.8%
Insurance Component4.0% - 7.6%
Tax Component Range0
Full APR (int fee ins tax dep)69.4% - 113.0%
Transparency Index (min/max)15 - 38
Transparency Index (average)27

Product Summary

421
GHS 1,500 - 50,000
3 - 12
Business Training, Other Training
36.0% annual, Flat
3.00% upfront
None
None
10.0%-25.0% upfront
 
31.3% - 66.8%
1.5% - 10.9%
0
0
104.9% - 125.8%
27 - 76
32

Product Details

Key Statistics
Outstanding portfolio (KES)KES 207,715,811.50
Portfolio (USD)USD 2,508,645.07
Active Clients with Loans5,770
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Desingned for micro-enterprises on the threshold of expanding. The majority of customers are in urban and peri-urban areas. There is a group guarantee and a cash collateral of 10%.
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 visitsx
Business trainingx
Other training
OtherHealth insurance - optional
Other (2)
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 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, Rift Valley, Western

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,253,405.21
Portfolio (USD)USD 636,246.30
Active Clients with Loans421
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This is an individual loans programme designed for Distance Banking group members who want to opt out of their group and access the facility in their individual capacity.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business trainingx
Other trainingx
Other
Other (2)
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 group
Other
Other (2)
# 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, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 5,000
Maximum loan size300,000
Distribution at Disbursement (Est.)
Loans less than KES 50,00060%
KES 50,000-150,00020%
KES 150,000-250,00010%
KES 250,000-350,00010%
KES 350,000-450,0000
Greater than KES 450,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average9.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months30%
Between 7 and 9 months20%
Between 10 and 12 months40%
Between 13 and 18 months10%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period0.3 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

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 1,500
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00020%
GHS 5,000-7,50020%
GHS 7,500-10,00015%
GHS 10,000-13,00020%
Greater than GHS 13,00020%
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less10%
Between 4 and 6 months30%
Between 7 and 9 months20%
Between 10 and 12 months40%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeksx
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 interest22.00%
Highest quoted nominal interest22.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionLoan Processing Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
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?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 100
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid0.50%
Maximum interest rate paid0.50%
Interest payment frequencyEnd Term
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 1
DescriptionCommitment Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
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 deposited10.00% - 25.00%
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 paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Inua Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountKES 8,000KES 30,000KES 50,000KES 100,000KES 200,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-06-112013-06-202013-06-032013-07-052013-07-24
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months12.0 months
Grace Period (Months)0.2 months0.2 months0.2 months0.2 months0.2 months
Total Cost of CreditKES 1,120KES 7,500KES 12,500KES 25,000KES 50,000
True Price by Comp         
Interest price component38.1%38.9%38.9%38.9%38.9%
Fee Component3.8%2.1%2.1%2.0%2.0%
Insurance Component7.6%4.1%4.1%4.2%4.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component63.5%36.0%30.2%26.2%24.3%
Full APR (int fee ins tax dep)113.0%81.1%75.3%71.3%69.4%
Transparency Index1927293132
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Premium Golden Susu samples
Sample 1Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 1,500GHS 6,000GHS 8,000GHS 10,000GHS 15,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-042013-06-252013-06-182013-06-102013-05-10
Loan Term (Months)8.0 months6.0 months12.0 months12.0 months10.0 months
Grace Period (Months)-0.4 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 401GHS 1,260GHS 3,111.96GHS 3,896GHS 4,950
True Price by Comp         
Interest price component64.8%57.8%59.3%59.3%59.1%
Fee Component9.6%10.9%6.2%6.3%7.2%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component51.4%42.9%39.4%39.4%40.6%
Full APR (int fee ins tax dep)125.8%111.6%104.9%105.0%106.9%
Transparency Index2932343434
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Inua Loan Price Graphs


Premium Golden Susu Price Graphs


Caps / Zoom options
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
Loading...
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

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to