| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.firstalliedghana.com |
| Year established | 1996 |
| Head of Institution | Nana Yaw Oduro |
| Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| # Branches | 21 |
| Total Portfolio (nat'l) | GHS 27,673,204.91 |
| Total Portfolio (USD) | USD 14,047,312.14 |
| Active clients with loans | 13,585 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | Ghana Microfinance Institutions Network, Ghana Employers Association, Ghana National Chamber of Commerce and Industry |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golden Susu Loans | GHS 500 - 10,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Commercial Loans | GHS 1,000 - 300,000 | 1 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Salary Loans | GHS 200 - 50,000 | 1 - 36 | 20% - 40% | 60% - 80% | Consumer, Education, Other | Women, Men, Salaried worker | Other Training | |||||||
| Super Golden Susu | GHS 10,500 - 50,000 | 3 - 12 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Other Training | |||||||
| Fast Track Susu | GHS 2,000 - 10,000 | 3 - 6 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Business Training, Other Training | |||||||
| Travel Loans | GHS 2,000 - 10,000 | 3 - 6 | 40% - 60% | 100% | Other | Women, Men, Have business, Salaried worker | Business Training, Other Training | |||||||
| Distance Banking | GHS 1,500 - 10,000 | 3 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Group Mtgs, Business Training, Other Training | |||||||
| Premium Golden Susu | GHS 1,500 - 50,000 | 3 - 12 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golden Susu Loans | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0%-25.0% upfront | 65.6% - 68.3% | 105.1% - 111.1% | 33 | ||||||||
| Commercial Loans | 31.0%-41.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0%-25.0% upfront | 70.6% - 72.2% | 91.1% - 116.2% | 29 | ||||||||
| Salary Loans | 19.0%-28.0% annual, Flat | 1 Fee | 0 Ins | None | N/A | 32.8% - 51.1% | 32.8% - 51.1% | 46 | ||||||||
| Super Golden Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 5.0%-25.0% upfront | 63.5% - 64.7% | 101.5% - 105% | 34 | ||||||||
| Fast Track Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0%-25.0% upfront | 66.7% - 68.3% | 107.7% - 111% | 32 | ||||||||
| Travel Loans | 44.0%-48.0% annual, Flat | 1 Fee | 0 Ins | None | 15.0%-25.0% upfront | 49.4% - 53% | 57.7% - 61.9% | 74 | ||||||||
| Distance Banking | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0%-25.0% upfront | 67.3% - 68.7% | 109.4% - 111.6% | 32 | ||||||||
| Premium Golden Susu | 36.0% annual, Flat | 1 Fee | 0 Ins | None | 10.0%-25.0% upfront | 65.5% - 74.4% | 104.9% - 125.8% | 32 |
| Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
|---|---|---|---|---|
| 1st Valley Bank | 38,900 | 48,291,000 | 3 | 164 |
| AJDFI | 13,100 | 884,000 | 6 | 164 |
| ARDCI | 44,600 | 9,403,000 | 1 | 164 |
| ASA Philippines | 333,400 | 29,282,000 | 1 | 164 |
| ASHI | 35,400 | 5,231,000 | 6 | 164 |
| ASKI | 60,000 | 15,247,000 | 4 | 164 |
| Bangko Kabayan | 8,900 | 2,373,000 | 2 | 164 |
| BSEI | 600 | 73,000 | 2 | 164 |
| CBI | 8,100 | 2,010,000 | 5 | 164 |
| CCT | 70,300 | 9,504,000 | 4 | 164 |
| CEV | 35,400 | 5,111,000 | 4 | 164 |
| DSPI | 59,300 | 3,676,000 | 3 | 164 |
| ECLOF | 5,400 | 1,836,000 | 4 | 164 |
| FCB | 12,000 | 2,392,000 | 2 | 164 |
| FMB | 2,700 | 710,000 | 2 | 164 |
| GM Bank | 23,500 | 1,553,000 | 3 | 164 |
| HSPFI | 19,100 | 1,899,000 | 2 | 164 |
| JVOFI | 1,300 | 281,000 | 1 | 164 |
| Katipunan Bank | 42,100 | 5,325,000 | 2 | 164 |
| KDCI | 20,500 | 2,095,000 | 3 | 164 |
| KGI | 32,300 | 3,421,000 | 4 | 164 |
| KMBI | 245,000 | 15,098,000 | 1 | 164 |
| LTMPC | 37,400 | 8,935,000 | 3 | 164 |
| Mallig Plains | 6,500 | 641,000 | 2 | 164 |
| MILAMDEC | 29,800 | 3,278,000 | 2 | 164 |
| MWIMPC | 11,800 | 1,740,000 | 4 | 163 |
| NWTF | 105,500 | 12,698,000 | 5 | 164 |
| OFMPC | 4,400 | 964,000 | 1 | 164 |
| PBC | 50,700 | 10,434,000 | 4 | 164 |
| PCSD | 700 | 167,000 | 1 | 164 |
| PMPC | 23,500 | 5,565,000 | 8 | 164 |
| RB Angeles | 900 | 1,502,000 | 2 | 164 |
| RB Labason | 500 | 289,000 | 1 | 164 |
| RBLI | 5,200 | 1,026,000 | 2 | 164 |
| RBMI | 11,900 | 1,750,000 | 2 | 164 |
| RMB | 100 | 173,000 | 1 | 164 |
| RSPI | 39,600 | 2,834,000 | 4 | 164 |
| SAFRAGEMC | 1,100 | 229,000 | 1 | 164 |
| Salve | 10,900 | 1,191,000 | 3 | 164 |
| SEDP | 27,000 | 3,914,000 | 3 | 164 |
| TSKI | 212,900 | 25,187,000 | 2 | 164 |
| TSPI | 264,500 | 31,290,000 | 7 | 164 |
| Valient | 1,700 | 672,000 | 2 | 164 |
| Key Statistics | |
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| # 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
