2. SAT
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Institution

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, Near Capital Radio, KumasiPostal Office Box 4911, KumasiKUMASSI, ASHANTI REGION233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,000,000
Portfolio (USD)USD 2,000,000
Active Clients with Loans1,950
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individual
Solidarity group
Village bankingx
Self help group
Other
Description
micro and small entrepreneurs to enable them to acquire the basic inputs to expand their businesses\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loan
Agriculture
Educationx
Other household finance
OtherMicro School
Other (2)Special Agric Loan
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visits
Business trainingx
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
OtherEdupreneurs
Other (2)Farmers
# 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 1,000
Maximum loan size5,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 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 usage100%
Average grace period1.0 month
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 payments

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest40.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeesTraining Fees
% of loan amount - min2.00%3.00%
% of loan amount - max3.50%3.00%
OR, Fixed amount - min00
Fixed amount - max00
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
Ins 1
DescriptionClient's Welfare Scheme
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Compulsory Deposit
Required forSome
CriteriaMost loans do not have compulsory savings for old clients \r
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid8.00%
Maximum interest rate paid8.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual samples
Sample 1Sample 2Sample 3
Loan AmountGHS 1,000GHS 2,000GHS 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-02-182013-03-122013-02-04
Loan Term (Months)6.0 months6.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component92.0%83.9%56.4%
Insurance Component3.7%3.4%3.1%
Tax Component0.0%0.0%0.0%
Deposit Component17.3%15.1%9.8%
Full APR (int fee ins tax dep)113.1%102.5%69.3%
Transparency Index182029
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Individual Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeBusinessLoan PurposeSATInstitutionGH-041-V01-P01ProductGHCountry2011YearRange Number1Institution Data Version01,0002,0003,0004,0005,000Loan Size (all)0%50%100%Full APR (int fee ins tax dep)> 50020030Number 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.
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Institution # Borrowers Portfolio (US$) Products Age of Data
ABT25,40037,378,0002126
AKIBA26,90036,852,0004139
BELITA5,800492,0001139
BRAC Tanzania102,30019,663,0002139
F & K Finance038,0001162
FINCA Tanzania78,40031,517,0003122
FMFC1,500392,0006139
K-Finance Ltd1,000264,0002139
Mbinga1,0002,986,0003139
MCBL3,6002,837,0006139
MDF Tanzania600148,0001139
NMB45,10074,528,0001139
Opportunity8,6003,018,0003139
PRIDE Tanzania104,40033,321,0003139
PTF-N/A139
Selfina8,0003,773,0002162
Tujijenge Tanzania10,0002,060,0004139
VF^Tanzania34,3907,613,0004133
Victoria100377,0003162
YOSEFO17,1002,211,0003162
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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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