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Institution

Dire Microfinance Head OfficeDire DawaPO Box 2859
Data approved: 2011-12-23
Data version: 1
Age of data: 97 months

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 79 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressN/A
Year established1996
Head of InstitutionSentayehu Ketema
Regions active
# Branches9

Total Portfolio (nat'l)ETB 17,886,789
Total Portfolio (USD)USD 972,108.10
Active clients with loans5,015
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsAEMFI, MAIN
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressn/a
Year established2008
Head of InstitutionAmadu Montia
Regions activeNorthern Region
# Branches2

Total Portfolio (nat'l)GHS 1,905,561.29
Total Portfolio (USD)USD 967,289.99
Active clients with loans5,143
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
FundersMiDA

Loan Products » Summary

317 Borrowers
USD 88,673.91 Portfolio
Active Product
4,437 Borrowers
USD 534,575 Portfolio
Active Product
187 Borrowers
USD 152,923.91 Portfolio
Active Product
38 Borrowers
USD 52,092.39 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 » Summary

61 Borrowers
USD 167,512.69 Portfolio
Active Product
5,082 Borrowers
USD 799,777.16 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Consumption Loan ETB 2,000 - 10,000 12 - 24 20% - 40% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Group Loan ETB 2,500 - 10,000 1 - 12 60% - 80% 80% - 100% Any Purpose Women, Men Credit Educ, Group Mtgs, Tech Asst Visits, Business Training
Individual Loan ETB 2,500 - 80,000 12 - 36 60% - 80% 80% - 100% Any Purpose Women, Men Credit Educ, Tech Asst Visits, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Support Loan GHS 1,000 - 30,000 1 - 3 0% - 20% 80% - 100% Business Women, Men, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Group Loan GHS 100 - 1,000 4 80% - 100% 80% - 100% Business Women, Have business, Must be a group member and must have lived in the community for at least one year, Must have group guarantee Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumption Loan 10.0% annual, Decl Bal 1 Fee 0 Ins None N/A 18.1% - 22.1% 18.1% - 22.1% 51
Group Loan 11.5% annual, Decl Bal 1 Fee 0 Ins None N/A 24.2% - 24.5% 24.2% - 24.5% 47
Individual Loan 11.5% annual, Decl Bal 1 Fee 0 Ins None N/A 21.2% - 24.3% 21.2% - 24.3% 51

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins None 10.00% upfront 63.1% 75.6% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Consumption Loan 10.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 18.1% - 22.1% 18.1% - 22.1% 51
Group Loan 11.5% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 24.2% - 24.5% 24.2% - 24.5% 47
Individual Loan 11.5% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 21.2% - 24.3% 21.2% - 24.3% 51

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins Ins None 10.00% upfront 63.1% 75.6% 47
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Key Statistics
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# Borrowers
Loan Portfolio (USD)
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% Products with compulsory deposits
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