Please note that the information you are viewing is 163 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

FUNDACION DE AYUDA MICROEMPRESARIAL Av. 12 de Octubre N 18-42 y Queseras del MedioQuito, Pichincha
Data approved: 2010-11-08
Data version: 1
Age of data: 163 months

Product

CREDITO GRUPOS SOLIDARIOS Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (USD)USD 345,798
Portfolio (USD)USD 345,798
Active Clients with Loans1,174
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Microcrédito para grupos desde 4 a 14 personas con negocio, las garantías son solidarias y deben conoceerse y vivir a cerca una de la otra.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherCapital de Trabajo
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visitsx
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
Other
Other (2)
# 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
CurrencyUSD
Minimum loan sizeUSD 300
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average6.5 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest23.85%
Highest quoted nominal interest23.85%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionSeguro de Desgravamen
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited7.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited7.00%
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid2.50%
Maximum interest rate paid2.50%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No

Full Pricing Data

CREDITO GRUPOS SOLIDARIOS samples
Sample 1Sample 2
Loan AmountUSD 412USD 927
Loan Cycle (1, 2, 3, etc)Not KnownNot Known
Disbursement Date2010-05-182010-05-19
Loan Term (Months)6.0 months8.0 months
Grace Period (Months)0.0 months0.0 months
Total Cost of CreditNot KnownNot Known
True Price by Comp   
Interest and Fee Component22.4%23.6%
Insurance Component11.0%8.7%
Tax Component0.0%0.0%
Deposit Component6.2%6.2%
Full APR (int fee ins tax dep)39.6%38.4%
Transparency Index6062
    
Original Repayment SchedulePDFPDF
MFT Pricing CalculationPDFPDF
CREDITO GRUPOS SOLIDARIOS Price Graphs


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

MicrofinPlus Ghana Head OfficeKasoa Bawijiase RoadKasoa, CentralP.O. Box 166
Data approved: 2013-03-08
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.microfinplusghana.org/
Year established2007
Head of InstitutionIshmael.k.otchere
Regions activeCentral Region
# Branches2

Total Portfolio (nat'l)GHS 495,574.03
Total Portfolio (USD)USD 259,462.84
Active clients with loans1,110
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGHAMFIN
FundersPlan Ghana, Barclays

Loan Products » Summary

1,068 Borrowers
USD 231,365 Portfolio
Active Product
42 Borrowers
USD 28,097 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
M-Hope GHS 50 - 2,000 3 - 6 80% - 100% 0% - 20% Business, Consumer Women, Men, Maximum amount of men permitted in group - 20%. Credit Educ, Other Training, Malaria prevention training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
M-Hope 45.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 86.4% - 91.3% 124.3% - 133.3% 35
Institution Price Graph
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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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