Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1989 |
Head of Institution | Romulo R. Ocubillo |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | PhP 62,000,000 |
Total Portfolio (USD) | USD 1,483,253.59 |
Active clients with loans | 5,200 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | NATCCO, VICTO NATIONAL |
Funders | UCPB-CIIF, SEEDFinance, Landbank, SBC |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2005 |
Head of Institution | Dr. Emmanuel Shaft Boamah |
Regions active | 0 |
# Branches | 3 |
Total Portfolio (nat'l) | GHS 3,942,900 |
Total Portfolio (USD) | USD 2,628,600 |
Active clients with loans | 10,062 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | GHAMFIN, ASSFIN, AMT |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) | PHP 1,000 - 150,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Capacity Loan | GHS 3,000 - 8,000 | 6 - 10 | 60% - 80% | 0% - 20% | Business, Education | Women, Men, Have business, Salaried worker | Credit Ins, Tech Asst Visits | |||||||
Group Loan | GHS 2,000 - 10,000 | 5 - 8 | 80% - 100% | 0% - 20% | Business, Education, Land | Women, Men, Have business, Salaried worker | Group Mtgs, Tech Asst Visits | |||||||
Individual Loan | GHS 500 - 1,000 | 4 - 6 | 60% - 80% | 0% - 20% | Business, petty traders | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) | 36.0%-48.0% annual, Flat | 2 Fees | 1 Ins | None | 4.00% ongoing | 82.3% - 100.9% | 88.4% - 121.4% | 35 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Capacity Loan | 48.0%-96.0% annual, Flat | 1 Fee | 0 Ins | None | 30.0% upfront | 79.6% - 174.1% | 139.6% - 312.4% | 23 | ||||||||
Group Loan | 72.0% annual, Flat | 1 Fee | 0 Ins | None | 15.0% upfront | 114.9% - 129.6% | 147.8% - 168.6% | 46 | ||||||||
Individual Loan | 48.0%-96.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0% upfront | 152.1% - 170.4% | 177.2% - 200.3% | 25 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) | 36.0%-48.0% annual, Flat | 2 Fees | 1 Ins Ins | None | 4.00% ongoing | 82.3% - 100.9% | 88.4% - 121.4% | 35 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Capacity Loan | 48.0%-96.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 30.0% upfront | 79.6% - 174.1% | 139.6% - 312.4% | 23 | ||||||||
Group Loan | 72.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 15.0% upfront | 114.9% - 129.6% | 147.8% - 168.6% | 46 | ||||||||
Individual Loan | 48.0%-96.0% annual, Flat | 1 Fee | 0 Ins Ins | None | 10.0% upfront | 152.1% - 170.4% | 177.2% - 200.3% | 25 |
Key Statistics | |
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# Products | |
# Institutions | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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