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Institution

Buusaa Gonofaa MFI Debrezeit RoadKirkos SubcityAddis AbabaPO Box 24850
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Institution

African Gate Financial Support Hse No.118/1 Bekwai Rd,near Old John Sarbah Rd, Market Circle,Takoradi, Western Region233
Data approved: 2011-12-07
Data version: 1
Age of data: 97 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1999
Head of InstitutionTeshome Yohannes Dayesso
Regions active
# Branches23

Total Portfolio (nat'l)ETB 76,548,872
Total Portfolio (USD)USD 4,160,264.78
Active clients with loans48,908
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsAEMFI, MAIN
FundersTerrafina Microfinance, SOS-FAIM, WSM, CIDR

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.africangatesupport.com/
Year established2008
Head of InstitutionJoris Eduamah
Regions activeWestern Region
# Branches2

Total Portfolio (nat'l)GHS 93,619
Total Portfolio (USD)USD 47,522.34
Active clients with loans225
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliations
FundersNeurotical Ideas Ltd

Loan Products » Summary

5,000 Borrowers
USD 706,521.74 Portfolio
Active Product
15,000 Borrowers
USD 1,277,173.91 Portfolio
Active Product
22,000 Borrowers
USD 1,630,434.78 Portfolio
Active Product
5,000 Borrowers
USD 434,782.61 Portfolio
Active Product

Loan Products » Summary

181 Borrowers
USD 17,766.50 Portfolio
Active Product
44 Borrowers
USD 29,441.62 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
Employee Loan ETB 500 - 10,000 6 - 24 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker
General Purpose Loan - Homa Homa - Regular ETB 200 - 5,000 6 - 24 80% - 100% 80% - 100% Business Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Term ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs
General Purpose Loan - Homa Homa - Variable ETB 200 - 5,000 6 - 12 60% - 80% 0% - 20% Business, Agriculture Women, Men Group Mtgs

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan GHS 100 - 5,000 1 - 6 80% - 100% 40% - 60% Business, Housing, Consumer, Education Women, Men Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 72.00%-88.20% annual, Flat 1 Fee 0 None 20.00%- upfront 168.1% - 207.8% 242.2% - 311.7% 25

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Employee Loan 12.6% annual, Flat 1 Fee 0 Ins Ins None 5.0% upfront 23.2% 24.9% 51
General Purpose Loan - Homa Homa - Regular 18.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 32% - 35.3% 39% - 45.7% 43
General Purpose Loan - Homa Homa - Term 30.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 34.1% - 34.2% 38.6% - 41.8% 76
General Purpose Loan - Homa Homa - Variable 24.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 10.00 ongoing 35.4% - 39.3% 41.7% - 46.9% 54

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 72.00%-88.20% annual, Flat 1 Fee 0 None 20.00%- upfront 168.1% - 207.8% 242.2% - 311.7% 25
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Key Statistics
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Loan Portfolio (USD)
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