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Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 132 months

Institution

Data approved: 2010-09-14
Data version: 1
Age of data: -   months 

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.firstalliedghana.com
Year established1996
Head of InstitutionNana Yaw Oduro
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region
# Branches21

Total Portfolio (nat'l)GHS 27,673,204.91
Total Portfolio (USD)USD 14,047,312.14
Active clients with loans13,585
Approximate % female clients40% - 60%
Approximate % urban clients60% - 80%
Network affiliationsGhana Microfinance Institutions Network, Ghana Employers Association, Ghana National Chamber of Commerce and Industry
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1997
Head of InstitutionPatrick Gathondu
Regions active0
# Branches5

Total Portfolio (nat'l)KES 217,413,552
Total Portfolio (USD)USD 2,625,767.54
Active clients with loans11,645
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliations
Funders

Loan Products » Summary

3,885 Borrowers
USD 5,006,432.72 Portfolio
Active Product
1,134 Borrowers
USD 4,846,607.27 Portfolio
Active Product
889 Borrowers
USD 304,184.65 Portfolio
Active Product
94 Borrowers
USD 605,463.74 Portfolio
Active Product
239 Borrowers
USD 258,549.42 Portfolio
Active Product
90 Borrowers
USD 158,851.49 Portfolio
Active Product
6,833 Borrowers
USD 2,230,976.56 Portfolio
Active Product
421 Borrowers
USD 636,246.30 Portfolio
Active Product

Loan Products » Summary

256 Borrowers
USD 34,515.71 Portfolio
Active Product
242 Borrowers
USD 144,840.23 Portfolio
Active Product
700 Borrowers
USD 132,300.70 Portfolio
Active Product
132 Borrowers
USD 47,793.73 Portfolio
Active Product
9,794 Borrowers
USD 2,025,178.84 Portfolio
Active Product
288 Borrowers
USD 15,867.10 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Golden Susu Loans GHS 500 - 10,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Commercial Loans GHS 1,000 - 300,000 1 - 24 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Salary Loans GHS 200 - 50,000 1 - 36 20% - 40% 60% - 80% Consumer, Education, Other Women, Men, Salaried worker Other Training
Super Golden Susu GHS 10,500 - 50,000 3 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Other Training
Fast Track Susu GHS 2,000 - 10,000 3 - 6 40% - 60% 60% - 80% Business Women, Men, Have business Business Training, Other Training
Travel Loans GHS 2,000 - 10,000 3 - 6 40% - 60% 100% Other Women, Men, Have business, Salaried worker Business Training, Other Training
Distance Banking GHS 1,500 - 10,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Group Mtgs, Business Training, Other Training
Premium Golden Susu GHS 1,500 - 50,000 3 - 12 40% - 60% 20% - 40% Business, Agriculture Women, Men, Have business Business Training, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Hitimu Loan KES 15,000 - 30,000 6 - 12 40% - 60% 40% - 60% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training
Imarika Loan KES 50,000 - 2,000,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mama Plus Loan KES 10,000 - 100,000 6 - 12 80% - 100% 40% - 60% Business Women, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mifugo Loan KES 50,000 - 80,000 9 - 12 40% - 60% 40% - 60% Business, Agricultural loan Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Msingi Loan KES 20,000 - 1,000,000 3 - 18 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Upesi Loan KES 10,000 - 20,000 3 - 6 40% - 60% 40% - 60% Business, Other Women, Men, Have business Credit Educ, Group Mtgs, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 17.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Imarika Loan 17.0% annual, Flat 1 Fee 1 Ins None 4,000.00 upfront 200.00 ongoing 0% 0% N/A
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Mifugo Loan 17.0% annual, Flat 1 Fee 1 Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Msingi Loan 17.0% annual, Flat 0 Fees 0 Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Upesi Loan 24.0% annual, Flat 1 Fee 0 Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Golden Susu Loans 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 65.6% - 68.3% 105.1% - 111.1% 33
Commercial Loans 31.0%-41.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 70.6% - 72.2% 91.1% - 116.2% 29
Salary Loans 19.0%-28.0% annual, Flat 1 Fee 0 Ins Ins None N/A 32.8% - 51.1% 32.8% - 51.1% 46
Super Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 5.0%-25.0% upfront 63.5% - 64.7% 101.5% - 105% 34
Fast Track Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 20.0%-25.0% upfront 66.7% - 68.3% 107.7% - 111% 32
Travel Loans 44.0%-48.0% annual, Flat 1 Fee 0 Ins Ins None 15.0%-25.0% upfront 49.4% - 53% 57.7% - 61.9% 74
Distance Banking 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 67.3% - 68.7% 109.4% - 111.6% 32
Premium Golden Susu 36.0% annual, Flat 1 Fee 0 Ins Ins None 10.0%-25.0% upfront 65.5% - 74.4% 104.9% - 125.8% 32

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Hitimu Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Imarika Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 4,000.00 upfront 200.00 ongoing 0% 0% N/A
Mama Plus Loan 8.0% annual, Flat 1 Fee 1 Ins Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Mifugo Loan 17.0% annual, Flat 1 Fee 1 Ins Ins None 25.0% upfront 100.00 ongoing 0% 0% N/A
Msingi Loan 17.0% annual, Flat 0 Fees 0 Ins Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
Upesi Loan 24.0% annual, Flat 1 Fee 0 Ins Ins None 15.0% upfront 100.00 ongoing 0% 0% N/A
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Key Statistics
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Loan Portfolio (USD)
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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