2. Innovative Finance
Please note that the information you are viewing is 133 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. JWS
Please note that the information you are viewing is 108 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Innovative Finance The Ghana Tours Building, C122/2 Farrar AvenueAdabrakaAccra, Greater AccraP.O. Box CT 153
Data approved: 2013-03-20
Data version: 2
Age of data: 133 months
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Institution

Jinnah Welfare Society 11 - Jinnah Road, Link DC RoadGujranwala, Punjab52250
Data approved: 2015-06-12
Data version: 2
Age of data: 108 months
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Product

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Product

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Product Summary

Number borrowers275
Loan Amount (range)GHS 200 - 1,500
Loan Term (range)3 - 8
Other Services (text summary)Credit Educ, Tech Asst Visits, Business Training, Other Training
Annual Interest & Method60.00%-84.00% annual, Flat
Fees2 fees
Insurance1.00% upfront
TaxNone
Comp Dep30.00% upfront
Range of pricing 
Interest Price Component84.9% - 110.4%
Fee Component11.3% - 31.6%
Insurance Component0 - 6.6%
Tax Component Range0
Full APR (int fee ins tax dep)166.9% - 235.4%
Transparency Index (min/max)25 - 36
Transparency Index (average)28

Product Summary

1,000
PKR 50,000 - 100,000
6 - 7
Group Mtgs, Credit Ins, Business Training
20.0% annual, Flat
1.50% upfront
None
None
N/A
 
19.1% - 34.6%
3.0% - 5.9%
0
0
22.1%
49 - 90
90

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 55,000
Portfolio (USD)USD 27,918.78
Active Clients with Loans275
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Designed using a susu methodology, suitable for individuals with microenterprises.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurance
Workplace visitsx
Business trainingx
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherMust contribute daily savings prior to receiving loan. Must have guarantor.
Other (2)Must have been working for the past 2-3 years
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Northern Region

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 94,610,000
Portfolio (USD)USD 929,070.20
Active Clients with Loans1,000
Approximate % Female Clients0
Approximate % Urban Clients0
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
To strengthen the economic base of low-income farmers of the targeted communities, through their incresed access to easy and cost effective financial services, capacity building initiatives and upstream/downstream markets
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loan
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Women
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActivePunjab

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size1,500
Distribution at Disbursement (Est.)
Loans less than GHS 1,00090%
GHS 1,000-5,00010%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term8.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less20%
Between 4 and 6 months80%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 50,000
Maximum loan size100,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,0000
PKR 50,000-75,00010%
PKR 75,000-150,00090%
Greater than PKR 150,00090%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term7.0 months
Approx average6.5 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 monthsx
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest7.00%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeCommitment Fee
% of loan amount - min3.00%2.00%
% of loan amount - max3.00%2.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid8.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest20.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
Descriptionprocessing fee and clients death insurance fee
% of loan amount - min1.50%
% of loan amount - max1.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Susu Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 200GHS 1,000GHS 1,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-10-242013-01-072012-11-23
Loan Term (Months)3.1 months7.0 months6.0 months
Grace Period (Months)0.0 months1.0 month0.0 months
Total Cost of CreditGHS 48.10GHS 420.20GHS 630
True Price by Comp     
Interest price component100.3%84.9%110.4%
Fee Component31.6%14.6%19.3%
Insurance Component6.6%3.1%4.0%
Tax Component0.0%0.0%0.0%
Deposit Component96.9%64.3%96.6%
Full APR (int fee ins tax dep)235.4%166.9%230.3%
Transparency Index253626
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Agri Value Chain samples
Loan Amount
Type of Sample
Disbursement Date
Loan Term (Months)
Grace Period (Months)
Total Cost of Credit
Full APR (int fee ins tax dep)
True Price by Component
Transparency Index
Original Repayment Schedule
MFT Pricing Calculation
Interest price component
Fee Component
Insurance Component
Tax Component
Deposit Component
PKR 50,000 Generated 2015-06-01 5.9 months N/A PKR 5,681.51 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 70,000 Generated 2015-06-01 5.9 months N/A PKR 7,954.11 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 76,000 Generated 2015-06-01 5.9 months N/A PKR 8,635.89 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 80,000 Generated 2015-06-01 5.9 months N/A PKR 9,090.41 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 85,000 Generated 2015-06-01 5.9 months N/A PKR 9,658.56 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 90,000 Generated 2015-06-01 5.9 months N/A PKR 10,226.71 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 95,000 Generated 2015-06-01 5.9 months N/A PKR 10,794.86 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
PKR 100,000 Generated 2015-06-01 5.9 months N/A PKR 11,363.01 22.1% 19.1% 3.0% 0.0% 0.0% 0.0% 90 - PDF
Susu Loan Price Graphs


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Agri Value Chain Price Graphs


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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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Total Borrowers of Samples

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