| Institution Type | Public 'For Profit' |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1987 |
| Head of Institution | NUAMAH-DANQUAH SAMUEL |
| Regions active | 0 |
| # Branches | 7 |
| Total Portfolio (nat'l) | GHS 12,442,540.61 |
| Total Portfolio (USD) | USD 8,295,027.07 |
| Active clients with loans | 8,963 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | ARB APEX BANK, GHAMFIN |
| Funders | SCIMP/IFAD, SPEED, ARB APEX BANK |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Lending | GHS 200 - 1,500 | 4 - 12 | 60% - 80% | 20% - 40% | Business, Education | Women, Men, Have business | Credit Educ, Group Mtgs, Tech Asst Visits | |||||||
| Micro Enterprise Loan | GHS 400 - 4,000 | 6 - 12 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Tech Asst Visits, Business Training | |||||||
| Susu Loan | GHS 200 - 8,000 | 6 | 20% - 40% | 40% - 60% | Business, Other, petty traders | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Lending | 29.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront | 99% - 109.1% | 160.7% - 182.8% | 16 | ||||||||
| Micro Enterprise Loan | 29.0% annual, Flat | 1 Fee | 0 Ins | None | 20.0% upfront | 48.7% - 69.9% | 72.2% - 113.4% | 30 | ||||||||
| Susu Loan | 29.0% annual, Flat | 1 Fee | 1 Ins | None | 50.0% upfront | 45.9% - 69.7% | 149.9% - 355.2% | 12 |
| Outstanding portfolio (KES) | KES 45,000,000 |
| Portfolio (USD) | USD 543,478.26 |
| Active Clients with Loans | 560 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | aimed at business expansions |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Must confirm having an on going business |
| Other (2) |
| Currency | KES |
| Minimum loan size | KES 100,000 |
| Maximum loan size | 500,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 9.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | N/A |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration fees |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | insurance fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
