| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1997 |
| Head of Institution | Mr James Acquaye |
| Regions active | Northern Region |
| # Branches | 3 |
| Total Portfolio (nat'l) | GHS 4,468,812 |
| Total Portfolio (USD) | USD 2,268,432.49 |
| Active clients with loans | 13,801 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | UNDP, TRIAS GHANA, SPEED GHANA, Oxfam |
| Funders | TRAIS, UNDP, SPEED, NORTHFIN |
| Institution Type | Private 'For-Profit' |
| Is this institution regulated? | Yes |
| Website address | http://www.sccimicrofinance.com/ |
| Year established | 1995 |
| Head of Institution | Mrs. R.Girija |
| Regions active | 0 |
| # Branches | 83 |
| Total Portfolio (nat'l) | INR 892,862,262 |
| Total Portfolio (USD) | USD 19,841,383.60 |
| Active clients with loans | 121,066 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 60% - 80% |
| Network affiliations | MFIN |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit With Education (CWE) Loan | GHS 200 - 1,000 | 6 - 8 | 80% - 100% | 0% - 20% | Business | Women, Have business, Specific age group, Must be 18 years of age., Must have residence in the community near relevant branch. | Credit Ins | |||||||
| Salary Loan | GHS 500 - 15,000 | 6 - 36 | 40% - 60% | 0% - 20% | Consumer, Education | Women, Men, Salaried worker | Credit Ins, Overdraft |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fortnightly Loan | INR 10,000 - 10,000 | 12 - 13 | 80% - 100% | 60% - 80% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Monthly JLG | INR 8,000 - 16,000 | 8 - 10 | 80% - 100% | 60% - 80% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins | |||||||
| Weekly JLG | INR 10,000 - 26,000 | 10 - 13 | 80% - 100% | 60% - 80% | Any Purpose | Women | Credit Educ, Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit With Education (CWE) Loan | 20.00% annual, Flat | 0 Fees | 0 Ins | None | 20.00% upfront | 67% | 97.5% | 20 | ||||||||
| Salary Loan | 30.00% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 46.7% - 48.4% | 46.7% - 48.4% | 62 |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fortnightly Loan | 0% | 0% | 0% | N/A | ||||||||||
| Monthly JLG | 0% | 0% | 0% | N/A | ||||||||||
| Weekly JLG | 0% | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fortnightly Loan | 13.5% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Monthly JLG | 13.5% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Weekly JLG | 12.5% annual, Flat | 1 Fee | 0 Ins | None | N/A | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit With Education (CWE) Loan | 20.00% annual, Flat | 0 Fees | 0 Ins Ins | None | 20.00% upfront | 67% | 97.5% | 20 | ||||||||
| Salary Loan | 30.00% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 46.7% - 48.4% | 46.7% - 48.4% | 62 |
| Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fortnightly Loan | 0% | 0% | 0% | N/A | ||||||||||
| Monthly JLG | 0% | 0% | 0% | N/A | ||||||||||
| Weekly JLG | 0% | 0% | 0% | N/A |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fortnightly Loan | 13.5% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Monthly JLG | 13.5% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A | ||||||||
| Weekly JLG | 12.5% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A | 0% | 0% | N/A |
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