Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001110
CEPESIU2,000939,0004110
COAC 4 Octubre2,2005,771,0002110
COAC Ambato1,30016,415,0002110
COAC FondVida2,5004,200,0004110
COAC LaBenefica2,5008,482,0006110
COAC MCCH5,30010,020,0002110
COAC Nacional30,70027,129,0002110
COAC San José10,40029,133,0005110
COAC SanAntonio1,0002,384,0003110
COAC SantaAnita2,0002,532,0006110
Codesarrollo14,40040,328,0007110
Coop San Miguel1,8004,754,0005107
CooP VPR7001,052,0004110
Cooprogreso7,90032,244,0004110
Credi Fe100,900380,039,0004110
D^Miro36,90027,692,0009103
DECOF2,200705,0002110
Espoir62,10021,036,0005110
FODEMI28,20012,924,0003110
Fundacion Alternativa4,3005,545,0002110
FUNDAMIC2,0001,468,0002110
INSOTEC7,0006,047,0004110
Luz del Valle6,40011,300,0003110
ProCredit43,800211,941,0002110
PS Ambato5,6002,771,0001110
Please note that the information you are viewing is 79 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

EB ACCION Savings and Loans Ltd No. 4 Nortei Ababio Street Roman RidgePMB CT 127, CantonmentsAccra, Greater Accra
Data approved: 2013-07-31
Data version: 1
Age of data: 79 months

Product

SME Product 5 of 6 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 7,343,255.72
Portfolio (USD)USD 3,727,540.98
Active Clients with Loans398
Approximate % Female Clients0% - 20%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Access to continuous, reliable financial services for clients. Minimum 12 months experience in business and 12 months operating a business in the same location. 10% interest payback when case installments are on time.
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 insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution3
# Regions for this product3
Regions ActiveGreater Accra Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 30,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months30%
Between 13 and 18 months20%
Longer than 18 months50%
Grace Period
Grace period usage0
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 payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.20%
Highest quoted nominal interest3.50%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 1.5% to 2.0% in March 2013.
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.55%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee increased from 0.55% to 1.0% in July 2013.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaRequired only if physical collateral provided is not sufficient.
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited0 - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

SME samples
Sample 1Sample 2Sample 3
Loan AmountGHS 30,000GHS 30,000GHS 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-06-252013-05-312013-07-24
Loan Term (Months)25.0 months24.0 months18.0 months
Grace Period (Months)0.5 months0.5 months0.1 months
Total Cost of CreditGHS 23,812GHS 23,812GHS 18,297.52
True Price by Comp     
Interest price component57.8%57.7%61.5%
Fee Component2.3%2.2%3.0%
Insurance Component0.6%0.7%1.5%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%6.3%0.0%
Full APR (int fee ins tax dep)60.7%66.9%66.0%
Transparency Index635758
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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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