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Institution

ASSOCIATION OF PROGRESSIVE ENTREPRENEURS IN DEVELOPMENT P.O. BOX CT 78 PMBACCRA, Greater Accra233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 

Product

Farmer Loan Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 231,433
Portfolio (USD)USD 154,289
Active Clients with Loans1,747
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help group
Other
Description
THIS IS LOANS GIVEN TO SMALL AND MEDIUM HOLDING FARMERS FOR THE CULTIVATION AND MANAGEMENT OF AGRO AND LIVESTOCK FARMING.
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 insurance
Workplace visits
Business training
Other training
OtherMUST BE RESIDENT IN THE COMMUNITY WE OPERATE FOR NOT LESS THAN A YEAR
Other (2)FARMING ACTIVITIES SHOULD NOT BE DETRIMENTAL TO THE ENVIRONMENT AND HUMAN HEALTH
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 groupx
OtherMUST BE RESIDENT IN THE COMMUNITY WE OPERATE FOR NOT LESS THAN A YEAR
Other (2)FARMING ACTIVITIES SHOULD NOT BE DETRIMENTAL TO THE ENVIRONMENT AND HUMAN HEALTH
# 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
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size7,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average8.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage100%
Average grace period5.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLOAN PROCESSING FEEAPPLICATION AND PASS BOOK FEES
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max02
Reason for variation
Appears on Repayment Sched?NoNo
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 deposited15.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
CLIENTS ARE MADE TO DEPOSIT INTO THEIR OWN SAVINGS ACCOUNT WHICH IS HELD IN A COMMERCIAL BANK, BUT NOT WITH THE INSTITUTION. HOWEVER THEY CANNOT ACCESS THIS ACCOUNT WHILE REPAYMENT IS ONGOING TILL LOAN IS FULLY PAID OR CYCLE IS ENDED. Client continue to save up to 1% of the principal during repayments

Full Pricing Data

Farmer Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 760GHS 1,600GHS 2,300GHS 5,600
Loan Cycle (1, 2, 3, etc)4434
Disbursement Date2012-09-282012-08-272012-06-082012-09-28
Loan Term (Months)5.6 months5.6 months7.5 months5.6 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component46.5%47.2%50.6%45.2%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.5%8.7%9.6%9.2%
Full APR (int fee ins tax dep)55.9%55.9%60.1%54.3%
Transparency Index70706572
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Farmer Loan Price Graphs


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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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