Institution Type | Private 'For-Profit' |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1997 |
Head of Institution | Mr James Acquaye |
Regions active | 0 |
# Branches | 0 |
Total Portfolio (nat'l) | GHS 2,100,364 |
Total Portfolio (USD) | USD 1,400,242.67 |
Active clients with loans | 2,394 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | UNDP, TRIAS GHANA, SPEED GHANA, OXFARM |
Funders | TRAIS, UNDP, SPEED, NORTHFIN |
Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | http://[email protected] |
Year established | 1982 |
Head of Institution | C.K Ablerdu |
Regions active | Ashanti Region |
# Branches | 9 |
Total Portfolio (nat'l) | GHS 12,511,356 |
Total Portfolio (USD) | USD 6,350,942.13 |
Active clients with loans | 4,013 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | ARB Apex, GHAMFIN |
Funders | SPEED Ghana, MiDA, MASLOC |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | GHS 500 - 2,000 | 6 - 12 | 20% - 40% | 0% - 20% | ||||||||||
Credit With Education (CWE) Loan | GHS 500 - 4,000 | 12 - 24 | 60% - 80% | 0% - 20% | ||||||||||
Farming Loan | GHS 200 - 2,000 | 12 - 18 | 20% - 40% | 0% - 20% | ||||||||||
Salary Loan | GHS 500 - 10,000 | 12 - 36 | 40% - 60% | 0% - 20% |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | GHS 500 - 90,000 | 6 - 18 | 20% - 40% | 60% - 80% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Other Training | |||||||
Salary Loan | GHS 200 - 6,000 | 6 - 18 | 20% - 40% | 60% - 80% | Any Purpose | Women, Men, Salaried worker | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Susu Loan | GHS 50 - 20,000 | 3 - 12 | 60% - 80% | 40% - 60% | Business, Housing, Consumer, Education, Other | Women, Men, Have business, Must have conttributed savings depsoit for at least 3 months. | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00%-0.00% annual, Flat | 1 Fee | 0 Ins | 62.8% - 63.4% | 98.5% - 106.1% | 35 | ||||||||||
Credit With Education (CWE) Loan | 20.00%-0.00% annual, Flat | 0 Fees | 0 Ins | 74.2% - 76.6% | 95.6% - 106.3% | 20 | ||||||||||
Farming Loan | 30.00%-0.00% annual, Flat | 0 Fees | 0 Ins | 61.1% | 107.2% | 27 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Decl Bal | 2 Fees | 0 Ins | N/A | 29.2% - 63.9% | 29.2% - 63.9% | 73 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00% annual, Flat | 1 Fee | 0 Ins | None | 30.00% upfront | 53% - 56.8% | 97.1% - 106.4% | 27 | ||||||||
Salary Loan | 30.00% annual, Flat | 1 Fee | 0 Ins | None | N/A | 54.2% - 77.7% | 54.2% - 77.7% | 48 | ||||||||
Susu Loan | 28.00% annual, Flat | 1 Fee | 0 Ins | None | 50.00% upfront | 51.9% - 56.3% | 179.5% - 210.9% | 14 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Business Loan | 36.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | 62.8% - 63.4% | 98.5% - 106.1% | 35 | ||||||||||
Credit With Education (CWE) Loan | 20.00%-0.00% annual, Flat | 0 Fees | 0 Ins Ins | 74.2% - 76.6% | 95.6% - 106.3% | 20 | ||||||||||
Farming Loan | 30.00%-0.00% annual, Flat | 0 Fees | 0 Ins Ins | 61.1% | 107.2% | 27 | ||||||||||
Salary Loan | 30.00%-0.00% annual, Decl Bal | 2 Fees | 0 Ins Ins | N/A | 29.2% - 63.9% | 29.2% - 63.9% | 73 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Loan | 28.00% annual, Flat | 1 Fee | 0 Ins Ins | None | 30.00% upfront | 53% - 56.8% | 97.1% - 106.4% | 27 | ||||||||
Salary Loan | 30.00% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A | 54.2% - 77.7% | 54.2% - 77.7% | 48 | ||||||||
Susu Loan | 28.00% annual, Flat | 1 Fee | 0 Ins Ins | None | 50.00% upfront | 51.9% - 56.3% | 179.5% - 210.9% | 14 |
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