2. Pro Credit
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Institution

ProCredit Savings & Loans Company Ltd. P. O Box NT 328 Newtown, AccraAccra, Greater Accra
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Product

Business Loans Product 2 of 4 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 28,715,134
Portfolio (USD)USD 19,143,423
Active Clients with Loans6,818
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
Loans designed for enterpreneurs with registered or unregistered business having experience of at least six (6) month.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
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
OtherPersonal guarantee and any valid national ID
Other (2)Any evidence of business ownership (Registered or not)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size45,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term48.0 months
Approx average12.0 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 usage10%
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 paymentx
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest2.75%
Highest quoted nominal interest5.80%
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionDisbursement feeApplication fee
% of loan amount - min1.50%0
% of loan amount - max2.25%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variation
Appears on Repayment Sched?NoNo
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 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?No

Full Pricing Data

Business Loans samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 3,000GHS 6,000GHS 9,000GHS 12,000
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)12.0 months12.0 months18.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component76.1%72.1%70.6%56.6%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)76.1%72.1%70.6%56.6%
Transparency Index43464758
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Business Loans Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.OtherInstitution TypeBusinessLoan PurposePro CreditInstitutionGH-037-V01-P02ProductGHCountry2011YearRange Number1Institution Data Version02,0004,0006,0008,00010,00012,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 1,3001,00060030030Number 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
Institution # Borrowers Portfolio (US$) Products Age of Data
Action000146
Adok Timo4,200570,0004177
BIMAS11,1004,679,0007146
ECLOF Kenya20,5005,455,0008146
Equity Bank135,50094,746,0009146
Family Bank43,20090,700,0005177
Jamii Bora2,4003,374,0004146
Juhudi Kilimo10,4004,436,0002146
KADET12,9005,402,0004146
K-Rep000146
K-Rep Bank65,00028,743,0004177
KWFT DTM294,600165,982,0006146
LKL13,1009,311,00010138
MKL18,2005,989,0006122
Opportunity Kenya9,1004,866,0005146
PAWDEP40,9007,133,0002146
RAFODE2,900356,0001146
SISDO7,3003,657,00011146
Yehu14,0003,149,00011146
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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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