- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Actuar Caldas	3,700	5,247,000	1	159
Actuar Quindio	2,300	2,800,000	2	159
Actuar Tolima	8,800	5,099,000	3	159
Amanecer	4,300	8,253,000	4	159
Banco Agrario	56,300	39,938,000	3	159
Banco WWB	219,400	294,019,000	5	154
Bancolombia	36,200	51,563,000	1	159
BdO	10,400	7,945,000	2	159
Comerciacoop	1,600	3,255,000	4	159
Confiar	43,800	81,993,000	7	159
Congente	5,400	20,045,000	2	159
Contactar	25,100	20,184,000	2	159
Crezcamos	27,500	22,564,000	4	159
Finamerica	39,800	99,536,000	7	159
FMM Popayán	310,000	243,614,000	3	159
FMSD	6,800	9,236,000	6	159
Fomentamos	900	102,000	1	159
Fund DeLaMujer	199,900	165,568,000	1	159
Fund Oleoductos	500	435,000	1	154
FUNDAUNIBAN	600	1,307,000	2	159
FUNDESAN	2,400	2,521,000	5	159
FUNDESMAG	1,000	1,698,000	2	159
Interactuar	30,200	93,846,000	4	159
MEDA	15,600	27,322,000	2	159
ProCredit CO	5,700	18,569,000	3	159

Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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

School Loans Product 2 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 900,000
Portfolio (USD)	USD 600,000
Active Clients with Loans	250
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Offers holistic financial and non fiancial resources to help edupreneurs (private low income school preprietors) provide improve educational facilities and systems to rural and peri urban disadvanatges pupils for enhanced quality of education.\r

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business
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 1,000
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	100%
Average grace period	1.5 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

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	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

School Loans samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 1,500.02	GHS 2,700	GHS 4,000
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)	24.0 months	24.0 months	10.0 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	50.4%	57.2%	53.5%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	50.4%	57.2%	53.5%
Transparency Index	40	35	37

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

School Loans Price Graphs

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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

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Total Borrrowers of Samples


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