Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1998 |
Head of Institution | Mr Tarekegn Bache |
Regions active | |
# Branches | 20 |
Total Portfolio (nat'l) | ETB 37,000,000 |
Total Portfolio (USD) | USD 2,010,869.57 |
Active clients with loans | 52,914 |
Approximate % female clients | 20% - 40% |
Approximate % urban clients | 20% - 40% |
Network affiliations | AEMFI, MAIN |
Funders | Irish Aid (initially), Care Ethiopia |
Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1997 |
Head of Institution | Mr James Acquaye |
Regions active | 0 |
# Branches | 0 |
Total Portfolio (nat'l) | GHS 2,100,364 |
Total Portfolio (USD) | USD 1,400,242.67 |
Active clients with loans | 2,394 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | UNDP, TRIAS GHANA, SPEED GHANA, OXFARM |
Funders | TRAIS, UNDP, SPEED, NORTHFIN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | ETB 300 - 50,000 | 3 - 24 | 0% - 20% | 0% - 20% | Business, Agriculture | Women, Men | Credit Educ, Group Mtgs, Credit Ins | |||||||
General Loan | ETB 300 - 10,000 | 12 | 40% - 60% | 20% - 40% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins | |||||||
Housing Loan | ETB 10,000 - 100,000 | 12 - 24 | 0% - 20% | 80% - 100% | Housing | Women, Men, Have home or land | Credit Ins | |||||||
Micro and Small Enterprise Loan | ETB 300 - 50,000 | 3 - 24 | 0% - 20% | 80% - 100% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins | |||||||
Petty Trade Loan | ETB 300 - 100,000 | 3 - 24 | 20% - 40% | 40% - 60% | Business | Women, Men, Have home or land | Credit Educ, Group Mtgs, Credit Ins | |||||||
Service Loan | ETB 300 - 100,000 | 12 - 24 | 40% - 60% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Credit Ins |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | GHS 500 - 2,000 | 6 - 12 | 20% - 40% | 0% - 20% | ||||||||||
Credit With Education (CWE) Loan | GHS 500 - 4,000 | 12 - 24 | 60% - 80% | 0% - 20% | ||||||||||
Farming Loan | GHS 200 - 2,000 | 12 - 18 | 20% - 40% | 0% - 20% | ||||||||||
Salary Loan | GHS 500 - 10,000 | 12 - 36 | 40% - 60% | 0% - 20% |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | 12.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 40.4% | 41.9% - 48.8% | 27 | ||||||||
General Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 35.7% | 42.8% - 46.9% | 40 | ||||||||
Housing Loan | 15.0%-18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.6% | 34.5% - 44.2% | 41 | ||||||||
Micro and Small Enterprise Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.6% - 35.5% | 32.9% - 41.8% | 51 | ||||||||
Petty Trade Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.7% | 32.9% - 43.7% | 48 | ||||||||
Service Loan | 18.0% annual, Flat | 1 Fee | 1 Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 28.8% | 32.9% - 33.1% | 54 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 62.8% - 63.4% | 98.5% - 106.1% | 35 | ||||||||||
Credit With Education (CWE) Loan | 20.00%-0.00% annual, Flat | 0 Fees | 0 Ins | 74.2% - 76.6% | 95.6% - 106.3% | 20 | ||||||||||
Farming Loan | 30.00%-0.00% annual, Flat | 0 Fees | 0 Ins | 61.1% | 107.2% | 27 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Decl Bal | 2 Fees | 0 Ins | N/A | 29.2% - 63.9% | 29.2% - 63.9% | 73 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agricultural Loan | 12.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 40.4% | 41.9% - 48.8% | 27 | ||||||||
General Loan | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 35.6% - 35.7% | 42.8% - 46.9% | 40 | ||||||||
Housing Loan | 15.0%-18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.6% | 34.5% - 44.2% | 41 | ||||||||
Micro and Small Enterprise Loan | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 28.6% - 35.5% | 32.9% - 41.8% | 51 | ||||||||
Petty Trade Loan | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 35.7% | 32.9% - 43.7% | 48 | ||||||||
Service Loan | 18.0% annual, Flat | 1 Fee | 1 Ins Ins | None | 6.0% upfront 20.00 ongoing | 28.7% - 28.8% | 32.9% - 33.1% | 54 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 62.8% - 63.4% | 98.5% - 106.1% | 35 | ||||||||||
Credit With Education (CWE) Loan | 20.00%-0.00% annual, Flat | 0 Fees | 0 Ins Ins | 74.2% - 76.6% | 95.6% - 106.3% | 20 | ||||||||||
Farming Loan | 30.00%-0.00% annual, Flat | 0 Fees | 0 Ins Ins | 61.1% | 107.2% | 27 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Decl Bal | 2 Fees | 0 Ins Ins | N/A | 29.2% - 63.9% | 29.2% - 63.9% | 73 |
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