2. CUMO
Please note that the information you are viewing is 148 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. MicrofinPlus Gh
Please note that the information you are viewing is 144 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

CUMO Microfinance Ltd Plot 214-215 AirfieldDedza, N/AP.O.Box 222
Data approved: 2011-01-06
Data version: 1
Age of data: -   months 
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Institution

MicrofinPlus Ghana Head OfficeKasoa Bawijiase RoadKasoa, CentralP.O. Box 166
Data approved: 2013-03-08
Data version: 2
Age of data: 144 months
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Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?N/A
Website addresshttp://www.concernuniversal.org/
Year established2000
Head of InstitutionEzikiel Phiri
Regions active0
# Branches2

Total Portfolio (nat'l)MWK 185,000,000
Total Portfolio (USD)USD 1,233,333.33
Active clients with loans40,000
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsMAMN, The MIX Market
FundersConcern Universal, USAID, FIMA, Irish Aid

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.microfinplusghana.org/
Year established2007
Head of InstitutionIshmael.k.otchere
Regions activeCentral Region
# Branches2

Total Portfolio (nat'l)GHS 495,574.03
Total Portfolio (USD)USD 259,462.84
Active clients with loans1,110
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGHAMFIN
FundersPlan Ghana, Barclays

Loan Products » Summary

Fumba (Agricultural Loan)
6,763 Borrowers
USD 187 Portfolio
Active Product
Masika (Village Enterprise Loan)
32,525 Borrowers
USD 1,195,333 Portfolio
Active Product
Mtenthandevu (Small Holder Tea Growers)
786 Borrowers
USD 43,333 Portfolio
Active Product

Loan Products » Summary

M-Hope
1,068 Borrowers
USD 231,365 Portfolio
Active Product
Susu
42 Borrowers
USD 28,097 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Fumba (Agricultural Loan) MWK 5,000 - 40,000 6 80% - 100% 0% - 20%
Masika (Village Enterprise Loan) MWK 1,000 - 90,000 4 - 6 80% - 100% 0% - 20%
Mtenthandevu (Small Holder Tea Growers) MWK 5,000 - 100,000 4 - 6 40% - 60% 0% - 20%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
M-Hope GHS 50 - 2,000 3 - 6 80% - 100% 0% - 20% Business, Consumer Women, Men, Maximum amount of men permitted in group - 20%. Credit Educ, Other Training, Malaria prevention training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 0 Ins N/A 70.8% 76%
Masika (Village Enterprise Loan) 48.00%-72.00% annual, Flat 2 Fees 0 Ins 90.4% - 92.6% 107.2% - 109.9%
Mtenthandevu (Small Holder Tea Growers) 48.00% annual, Flat 1 Fee 0 Ins 48.4% - 48.7% 54.7% - 57.3%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
M-Hope 45.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 86.4% - 91.3% 124.3% - 133.3% 35

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Fumba (Agricultural Loan) 60.00% annual, Flat 1 Fee 0 Ins Ins N/A 70.8% 76%
Masika (Village Enterprise Loan) 48.00%-72.00% annual, Flat 2 Fees 0 Ins Ins 90.4% - 92.6% 107.2% - 109.9%
Mtenthandevu (Small Holder Tea Growers) 48.00% annual, Flat 1 Fee 0 Ins Ins 48.4% - 48.7% 54.7% - 57.3%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
M-Hope 45.00% annual, Flat 2 Fees 1 Ins Ins None 15.00% upfront 86.4% - 91.3% 124.3% - 133.3% 35
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.OtherInstitution TypeBusinessLoan PurposeCUMOInstitutionMW-001-V01-P01MW-001-V01-P02MW-001-V01-P03ProductMWCountry2011YearRange Number1Institution Data Version0100,000200,000300,000400,000500,000600,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 16,00012,0008,1004,000400Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeMicrofinPlus GhInstitutionGH-034-V02-P01ProductGHCountry2013YearRange Number2Institution Data Version05001,0001,500Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 70030040Number 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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