EMPRETEC Ghana Foundation - Microfinance Loan - MFTransparency.org Truth In Lending Tables

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Institution

EMPRETEC Ghana Foundation No. 24 Nii Amoah Loop East LegonEGF PMB GPOAccra, Greater Accra

Data approved: 2013-03-21

Data version: 2

Age of data: 144 months

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Product

Microfinance Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 78,058
Portfolio (USD)	USD 39,623.35
Active Clients with Loans	263
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group	x
Village banking	x
Self help group
Other

Description

Designed for clients in groups and associations who engage in micro-enterprise activites in various productive sectors.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training	x
Other	Health/Nutrition
Other (2)	Family Life
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group	x
Other	Children and the very elderly are not eligible.
Other (2)	Must be a member of a group or association.

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	6
Regions Active	Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	3,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	80%
GHS 1,000-5,000	20%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	100%
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	36.00%
Highest quoted nominal interest	36.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Legal Fee
% of loan amount - min	3.00%	0
% of loan amount - max	3.00%	0
OR, Fixed amount - min	0	1
Fixed amount - max	0	5
Reason for variation	N/A	Group pays GHS 50. Group size ranges from 10-50 members, so indv legal fee ranges from GHS 1- 5.
Appears on Repayment Sched?	Yes	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 for	All
Criteria	N//A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	10.00%
Maximum interest rate paid	15.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Microfinance Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 500	GHS 1,000	GHS 1,500	GHS 3,000
Loan Cycle (1, 2, 3, etc)	1	1	6	8
Disbursement Date	2012-12-01	2012-12-01	2012-12-01	2012-12-01
Loan Term (Months)	6.0 months	6.0 months	6.0 months	6.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	GHS 106.67	GHS 211.67	GHS 316.67	GHS 631.67
True Price by Comp
Interest price component	58.1%	58.1%	58.1%	58.1%
Fee Component	12.2%	11.6%	11.4%	11.2%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	13.0%	12.9%	12.8%	12.8%
Full APR (int fee ins tax dep)	83.3%	82.6%	82.3%	82.1%
Transparency Index	43	44	44	44

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Microfinance Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	143
AMPL	0	0	0	143
Arman	41,500	529,107,000	1	143
Arohan	43,500	8,091,000	2	143
ASA INDIA	164,000	15,380,000	1	143
Asirvad	113,500	19,328,000	1	143
Asmitha	1,114,800	217,867,000	1	143
Bandhan	4,048,600	674,564,000	5	143
Belstar	123,000	23,945,000	2	122
BSFL	275,200	31,590,000	3	143
Chaitanya	20,700	3,748,000	3	143
Disha Microfin	69,000	14,332,000	2	143
Equitas	1,220,000	186,415,000	4	143
ESAF	354,200	43,500,000	5	143
FFSL	150,600	35,719,000	2	143
Fusion	66,800	9,820,000	2	143
Grama Vidiyal	738,200	102,101,000	1	143
Grameen Koota	586,600	83,555,000	15	145
Janalakshmi	506,000	119,077,000	2	143
L & T Finance	399,800	37,199,000	1	143
MFL	331,800	49,083,000	1	143
MMFL	175,000	23,752,000	2	143
Mpower	13,600	2,263,000	2	143
Sahayata	0	0	0	143
Saija	24,700	4,682,000	2	143
Samasta	45,500	4,809,000	2	143
Satin	405,600	90,174,000	2	143
SCCI	115,600	15,910,000	2	143
Share	2,195,400	376,727,000	1	143
SKS	3,409,000	355,029,000	2	143
SMILE	360,200	56,927,000	1	143
SNFL	9,400	1,779,000	1	143
Sonata Finance	158,200	22,724,000	3	145
Spandana	533,400	147,240,000	2	143
Suryoday	78,600	14,713,000	3	143
SVCL	118,200	18,886,000	1	143
Swadhaar	92,800	17,166,000	3	143
Trident	68,700	8,852,000	1	143
Ujjivan	913,300	160,848,000	5	143
Utkarsh	168,600	25,915,000	3	143
VFS	175,400	19,264,000	2	143
Asomi	50,300	4,743,000	2	176
AES India	3,600	286,000	1	176
Arth	2,900	611,000	2	176
Asomi	50,300	4,743,000	2	176
Barasat GS	1,100	99,508.02	1	176
BJS	6,000	468,000	1	176
Cashpor	417,000	50,452,000	1	175
Credible	10,000	1,669,540.36	2	176
DIBAKAR	1,800	145,000	1	175
GOF	65,200	5,388,000	4	175
Hope	62,600	4,407,000	1	173
Jaago	2,700	237,000	1	174
LOK	4,900	573,000	1	175
Nano	25,600	3,660,000	2	176
NBSAAVS	28,100	2,821,000	1	173
Nirantara	8,200	917,000	2	175
Parama	7,100	482,000	1	175
Pragathi	26,200	4,579,000	6	175
PWMACS	36,500	5,946,000	1	175
Saadhana	90,900	12,046,000	2	175
Sambhav	1,500	183,000	3	175
Seba Rahara	6,700	468,000	1	175
SU	61,100	5,498,000	1	175
Swayanshree	7,900	918,000	2	175
Vikas Samiti	1,600	168,000	1	175
Vistaar	4,300	1,157,000	2	173
We The People	1,100	244,000	2	175
WEMCS	1,100	85,000	1	175
Yukti	1,100	99,000	2	175

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

	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

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

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Microfinance Loan samples

Microfinance Loan Price Graphs

Total Borrowers of Samples

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