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Institution

BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 85 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.bestfundghana.org
Year established2005
Head of InstitutionDr. Emmanuel Shaft Boamah
Regions activeGreater Accra Region, Ashanti Region
# Branches3

Total Portfolio (nat'l)GHS 8,220,420
Total Portfolio (USD)USD 4,172,802.03
Active clients with loans13,064
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsGHAMFIN, ASSFIN, AMT
Funders

Loan Products » Summary

1,211 Borrowers
USD 1,071,131.98 Portfolio
Active Product
9,642 Borrowers
USD 2,535,665.48 Portfolio
Active Product
2,211 Borrowers
USD 566,004.57 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Capacity Loan GHS 3,000 - 8,000 6 - 10 60% - 80% 0% - 20% Business, Education Women, Men, Have business, Salaried worker Credit Ins, Tech Asst Visits
Group Loan GHS 2,000 - 10,000 5 - 8 80% - 100% 0% - 20% Business, Education, Land Women, Men, Have business, Salaried worker Group Mtgs, Tech Asst Visits
Individual Loan GHS 500 - 1,000 4 - 6 60% - 80% 0% - 20% Business Women, Men, Have business Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Capacity Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 64.5% - 68% 74.9% - 78.8% 47
Group Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 59% - 70.2% 68.1% - 81.6% N/A
Individual Loan 36.0%-96.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 62.3% - 69.1% 72.1% - 80.2% 47
Institution Price Graph
Institution # Borrowers Portfolio (US$) Products Age of Data
Banco Solidario79,700221,716,0001116
CEPESIU2,000939,0004116
COAC 4 Octubre2,2005,771,0002116
COAC Ambato1,30016,415,0002116
COAC FondVida2,5004,200,0004116
COAC LaBenefica2,5008,482,0006116
COAC MCCH5,30010,020,0002116
COAC Nacional30,70027,129,0002116
COAC San José10,40029,133,0005116
COAC SanAntonio1,0002,384,0003116
COAC SantaAnita2,0002,532,0006116
Codesarrollo14,40040,328,0007116
Coop San Miguel1,8004,754,0005113
CooP VPR7001,052,0004116
Cooprogreso7,90032,244,0004116
Credi Fe100,900380,039,0004116
D^Miro36,90027,692,0009109
DECOF2,200705,0002116
Espoir62,10021,036,0005116
FODEMI28,20012,924,0003116
Fundacion Alternativa4,3005,545,0002116
FUNDAMIC2,0001,468,0002116
INSOTEC7,0006,047,0004116
Luz del Valle6,40011,300,0003116
ProCredit43,800211,941,0002116
PS Ambato5,6002,771,0001116
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Key Statistics
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Loan Portfolio (USD)
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% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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