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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: 81 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

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 » 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 » 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
Institution Price Graph
Institution # Borrowers Portfolio (US$) Products Age of Data
1st Valley Bank38,90048,291,0003100
AJDFI13,100884,0006100
ARDCI44,6009,403,0001100
ASA Philippines333,40029,282,0001100
ASHI35,4005,231,0006100
ASKI60,00015,247,0004100
Bangko Kabayan8,9002,373,0002100
BSEI60073,0002100
CBI8,1002,010,0005100
CCT70,3009,504,0004100
CEV35,4005,111,0004100
DSPI59,3003,676,0003100
ECLOF5,4001,836,0004100
FCB12,0002,392,0002100
FMB2,700710,0002100
GM Bank23,5001,553,0003100
HSPFI19,1001,899,0002100
JVOFI1,300281,0001100
Katipunan Bank42,1005,325,0002100
KDCI20,5002,095,0003100
KGI32,3003,421,0004100
KMBI245,00015,098,0001100
LTMPC37,4008,935,0003100
Mallig Plains6,500641,0002100
MILAMDEC29,8003,278,0002100
MWIMPC11,8001,740,000499
NWTF105,50012,698,0005100
OFMPC4,400964,0001100
PBC50,70010,434,0004100
PCSD700167,0001100
PMPC23,5005,565,0008100
RB Angeles9001,502,0002100
RB Labason500289,0001100
RBLI5,2001,026,0002100
RBMI11,9001,750,0002100
RMB100173,0001100
RSPI39,6002,834,0004100
SAFRAGEMC1,100229,0001100
Salve10,9001,191,0003100
SEDP27,0003,914,0003100
TSKI212,90025,187,0002100
TSPI264,50031,290,0007100
Valient1,700672,0002100
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Key Statistics
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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