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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

Zigama Credit and Savings Society Head OfficeKigali, GasaboPO Box BP4772
Data approved: 2011-09-16
Data version: 1
Age of data: 106 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 TypeCredit Union / Cooperative
Is this institution regulated?Yes
Website addresshttp://www.zigamacss.com/
Year established1998
Head of InstitutionGeoffrey Byegeka
Regions activeBugesera, Gasabo, Gicumbi, Huye, Karongi, Kicukiro, Muhanga, Musanze, Ngoma, Nyagatare, Nyarugenge
# Branches16

Total Portfolio (nat'l)RWF 38,189,281,936
Total Portfolio (USD)USD 59,670,753.03
Active clients with loans53,806
Approximate % female clients0% - 20%
Approximate % urban clients0% - 20%
Network affiliationsRwanda Banking Association
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 » Summary

13,750 Borrowers
USD 15,625,000 Portfolio
Active Product
38,500 Borrowers
USD 43,750,000 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
Medium Term Loan RWF 1,000,000 - 50,000,000 36 - 60 0% - 20% 0% - 20% Any Purpose Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups Credit Educ
Short Term Loan RWF 100,000 - 5,000,000 3 - 36 0% - 20% 0% - 20% Business, Consumer, Education, Other, Medicals bills, Insurance, Marriage Women, Men, Only members - soldiers, police officers, veterans, Spouses and widows of these groups Credit Educ

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
Medium Term Loan 13.00%-13.50% annual, Decl Bal 2 Fees 0 Ins None 10.00% upfront 13.1% - 14.4% 15.6% - 17.3% 78
Short Term Loan 15.00% annual, Decl Bal 2 Fees 0 Ins None 30.00% upfront 14.2% - 39.9% 24.7% - 57.5% 41

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
Medium Term Loan 13.00%-13.50% annual, Decl Bal 2 Fees 0 Ins Ins None 10.00% upfront 13.1% - 14.4% 15.6% - 17.3% 78
Short Term Loan 15.00% annual, Decl Bal 2 Fees 0 Ins Ins None 30.00% upfront 14.2% - 39.9% 24.7% - 57.5% 41
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