2. ACB-SA
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. FASL
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

Amasezerano Community Bank P.O.Box 4691KIGALIP.O.Box 4691
Data approved: 2011-10-26
Data version: 1
Age of data: -   months 
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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: 145 months

Product

Hembwa Wage MT & LT Product 4 of 6 « Prev | Next »

Product

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Product Summary

Number borrowers164
Loan Amount (range)RWF 10,000 - 5,000,000
Loan Term (range)4 - 36
Other Services (text summary)
Annual Interest & Method15.00% annual, Flat
Fees
Insurance
Tax
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component0 - 53.8% (Int+Fee)
Insurance Component0 - 40.2%
Tax Component Range-40.2% - 1.3%
Full APR (int fee ins tax dep)26.5% - 56.5%
Transparency Index (min/max)0 - N/A
Transparency Index (average)

Product Summary

6,833
GHS 1,500 - 10,000
3 - 12
Group Mtgs, 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
109.4% - 111.6%
27 - 76
32

Product Details

Key Statistics
Outstanding portfolio (RWF)RWF 85,328,639
Portfolio (USD)USD 144,625
Active Clients with Loans164
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loans for salaried people for any purpose. Most borrowers are security guards.\r
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
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 4,395,023.82
Portfolio (USD)USD 2,230,976.56
Active Clients with Loans6,833
Approximate % Female Clients40% - 60%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Individual members of a group make minimum daily savings for eight weeks after which they are given loans individually. Group members make joint guarantees, with at least five members in each group.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
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
CurrencyRWF
Minimum loan sizeRWF 10,000
Maximum loan size5,000,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term36.0 months
Approx average18.0 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 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 1,500
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00030%
GHS 5,000-7,50050%
GHS 7,500-10,00020%
GHS 10,000-13,0000
Greater than GHS 13,0000
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 interest15.00%
Highest quoted nominal interest15.00%
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 Application Processing Fee + collateral visitCommission Fee + internal guarantee
% of loan amount - min01.50%
% of loan amount - max01.50%
OR, Fixed amount - min15,0000
Fixed amount - max15,0000
Reason for variation
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Commission
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min1,000
Fixed amount - max1,000
Reason for variation
Appears on Repayment Sched?
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?Yes
Percentage of fees0
All or some fees taxedN/A

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

Hembwa Wage MT & LT samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountRWF 120,000RWF 248,000RWF 570,000RWF 700,000RWF 1,300,000RWF 1,525,000
Loan Cycle (1, 2, 3, etc)0Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement DateN/A2012-04-162012-05-112012-04-252012-08-222012-05-02
Loan Term (Months)12.0 months24.0 months24.0 months24.0 months24.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component53.7%35.3%31.5%26.5%0.0%34.6%
Insurance Component2.3%2.5%0.6%0.0%26.5%6.2%
Tax Component0.4%0.2%0.2%0.0%-26.5%0.2%
Deposit Component0.0%0.0%0.0%0.0%26.5%0.0%
Full APR (int fee ins tax dep)56.5%38.1%32.3%26.5%26.5%41.1%
Transparency Index273946575737
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Distance Banking samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 1,800GHS 3,000GHS 5,700GHS 9,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-05-242013-05-232013-06-282013-07-03
Loan Term (Months)8.0 months7.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditGHS 486GHS 716.01GHS 1,197GHS 1,993.02
True Price by Comp       
Interest price component58.7%57.9%57.8%57.3%
Fee Component8.6%9.6%10.9%10.8%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component42.1%42.3%42.9%42.6%
Full APR (int fee ins tax dep)109.4%109.8%111.6%110.7%
Transparency Index33333233
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Hembwa Wage MT & LT Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeAnyLoan PurposeACB-SAInstitutionRW-001-V01-P04ProductRWCountry2011YearRange Number1Institution Data Version0500,0001,000,0001,500,000Loan Size (all)0%20%40%60%Full APR (int fee ins tax dep)> 30102Number 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.
Click to view Price Analysis Tool
Distance Banking Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeMultipleLoan PurposeFASLInstitutionGH-022-V01-P08ProductGHCountry2013YearRange Number1Institution Data Version02,0004,0006,0008,00010,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 60030030Number of Borrowers
Click to view Price Analysis Tool
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
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