2. BestFUND
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. GM Bank
Please note that the information you are viewing is 151 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 132 months
Choose version

Institution

GM Bank of Luzon, Inc. Brgy. Dimasalang, Maharlika HighwayCabanatuan City, Nueva Ecija3100
Data approved: 2011-11-16
Data version: 1
Age of data: 151 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

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.gmbank.com.ph/
Year established2004
Head of InstitutionMr. Tomas S. Gomez, IV
Regions active
# Branches40

Total Portfolio (nat'l)PhP 110,367,523
Total Portfolio (USD)USD 2,640,371.36
Active clients with loans23,581
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliations
Funders

Loan Products » Summary

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

Loan Products » Summary

ASAP
3,251 Borrowers
USD 1,016.77 Portfolio
Active Product
Asenso
19,431 Borrowers
USD 1,547,277.39 Portfolio
Active Product
Micro-Agri
872 Borrowers
USD 5,375.60 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 » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
ASAP Loan Program PHP 5,000 - 150,000 3 - 6 60% - 80% 80% - 100% Business Women, Men, Have business, Have home or land, Specific age group Credit Educ
Asenso Loan PHP 3,000 - 50,000 6 60% - 80% 0% - 20% Business Women, Men, Have business, Specific age group Credit Educ, Group Mtgs, Credit Ins, Savings
Micro-Agri Loan Product PHP 8,000 - 80,000 6 - 12 20% - 40% 0% - 20% Business Women, Men, Have business, Have home or land, Specific age group Group Mtgs, 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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
ASAP Loan Program 30.0%-36.0% annual, Flat 2 Fees 1 Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 72% - 93.2% 91.4% - 120.1% 29
Asenso Loan 25.9% annual, Flat 2 Fees 2 Ins 5.00% loan amt 100.00 upfront 16.00% ongoing 75.5% - 100.5% 107% - 142.7% 21
Micro-Agri Loan Product 30.0% annual, Flat 2 Fees 1 Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 42.4% - 64.5% 56.6% - 85.8% 42

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 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 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 Ins None 10.0% upfront 62.3% - 69.1% 72.1% - 80.2% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
ASAP Loan Program 30.0%-36.0% annual, Flat 2 Fees 1 Ins Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 72% - 93.2% 91.4% - 120.1% 29
Asenso Loan 25.9% annual, Flat 2 Fees 2 Ins Ins 5.00% loan amt 100.00 upfront 16.00% ongoing 75.5% - 100.5% 107% - 142.7% 21
Micro-Agri Loan Product 30.0% annual, Flat 2 Fees 1 Ins Ins 5.00% loan amt 100.00 upfront 10.00% ongoing 42.4% - 64.5% 56.6% - 85.8% 42
Institution Price Graph
Click to view Price Analysis Tool
Institution Price Graph
Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞