2. Baobab
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Lower Pra RB
Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Baobab Financial Services Limited Zogbeli, TamaleTamale, Northern Region233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution

Lower Pra Rural Bank Limited ShamaWestern RegionPO Box SH 18
Data approved: 2011-12-07
Data version: 1
Age of data: 150 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?No
Website addressN/A
Year established2008
Head of InstitutionAmadu Montia
Regions active0
# Branches2

Total Portfolio (nat'l)GHS 1,800,000
Total Portfolio (USD)USD 1,200,000
Active clients with loans3,523
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
FundersMiDA

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.lowerpraruralbank.com/
Year established1983
Head of InstitutionIsaac Kwamina Afful
Regions active
# Branches14

Total Portfolio (nat'l)GHS 12,443,472
Total Portfolio (USD)USD 6,316,483.25
Active clients with loans34,056
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, ARB APEX
Funders

Loan Products » Summary

Business Support Loan
20 Borrowers
USD 66,667 Portfolio
Active Product
Group Loan
3,260 Borrowers
USD 928,000 Portfolio
Active Product
MiDA Loans
243 Borrowers
USD 205,333 Portfolio
Active Product

Loan Products » Summary

Micro Loan
13,529 Borrowers
USD 2,093,440.10 Portfolio
Active Product
Salary Loan
17,746 Borrowers
USD 3,895,317.77 Portfolio
Active Product
Susu Loan
2,781 Borrowers
USD 327,725.89 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Support Loan 0 0 0% - 20% 80% - 100%
Group Loan GHS 100 - 1,000 4 80% - 100% 80% - 100%
MiDA Loans GHS 100 - 2,000 18 - 36 80% - 100% 80% - 100%

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Micro Loan GHS 1,000 - 30,000 1 - 12 20% - 40% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan GHS 500 - 11,000 1 - 60 40% - 60% 80% - 100% Business Women, Men Credit Ins
Susu Loan GHS 200 - 3,500 1 - 12 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins, Tech Asst Visits, Market trends

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 0.00% annual, 0 0 Fees 0 Ins 97% - 111.3% 108.2% - 128.8%
Group Loan 36.00%-0.00% annual, Flat 0 Fees 0 Ins 103.3% - 105% 122.9% - 125.1% 29
MiDA Loans 30.00%-0.00% annual, Flat 1 Fee 0 Ins 57.2% 67% 44

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 0.00% annual, 0 0 Fees 0 Ins Ins 97% - 111.3% 108.2% - 128.8%
Group Loan 36.00%-0.00% annual, Flat 0 Fees 0 Ins Ins 103.3% - 105% 122.9% - 125.1% 29
MiDA Loans 30.00%-0.00% annual, Flat 1 Fee 0 Ins Ins 57.2% 67% 44

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22
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