Kraban Support Foundation - Sika Rose Loan - MFTransparency.org Truth In Lending Tables

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Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda

Data approved: 2011-12-07

Data version: 1

Age of data: 162 months

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Product

Sika Rose Loan Product 5 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 642,800
Portfolio (USD)	USD 326,294.42
Active Clients with Loans	1,236
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual	x
Solidarity group	x
Village banking	x
Self help group
Other	varies from 10 to 64 in a group

Description

This loan product is the very first commercial loan product in this organization. It is mainly for women clients.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training
Other
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 150
Maximum loan size	GHS 500

Loan Term and Grace Period

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

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	40.00%
Highest quoted nominal interest	40.00%
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
Description	Affiliation Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	1
Fixed amount - max	6
Reason for variation
Appears on Repayment Sched?	No

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?
Do borrowers control deposit in their group?

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	20.00%
Maximum interest rate paid	20.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Interest paid on deposit is given only if there has been no withdrawal to pay any loan.\r

Full Pricing Data

Sika Rose Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 250	GHS 300	GHS 300
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-06-09	2010-06-09	2011-06-09
Loan Term (Months)	5.1 months	5.1 months	5.1 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	46.8%	59.5%	58.2%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	6.2%	7.6%	7.2%
Full APR (int fee ins tax dep)	53.0%	67.1%	65.4%
Transparency Index	75	60	61

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

Sika Rose Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ABT	25,400	37,378,000	2	126
AKIBA	26,900	36,852,000	4	139
BELITA	5,800	492,000	1	139
BRAC Tanzania	102,300	19,663,000	2	139
F & K Finance	0	38,000	1	162
FINCA Tanzania	78,400	31,517,000	3	122
FMFC	1,500	392,000	6	139
K-Finance Ltd	1,000	264,000	2	139
Mbinga	1,000	2,986,000	3	139
MCBL	3,600	2,837,000	6	139
MDF Tanzania	600	148,000	1	139
NMB	45,100	74,528,000	1	139
Opportunity	8,600	3,018,000	3	139
PRIDE Tanzania	104,400	33,321,000	3	139
PTF		-	N/A	139
Selfina	8,000	3,773,000	2	162
Tujijenge Tanzania	10,000	2,060,000	4	139
VF^Tanzania	34,390	7,613,000	4	133
Victoria	100	377,000	3	162
YOSEFO	17,100	2,211,000	3	162

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
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

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