Kraban Support Foundation - Higher Heights Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 150 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kraban Support Foundation Dome-AccraGreater AccraPO Box KD 83, Kanda

Data approved: 2011-12-07

Data version: 1

Age of data: 150 months

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Product

Higher Heights Loan Product 4 of 5 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 280,148
Portfolio (USD)	USD 142,207.11
Active Clients with Loans	188
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other	average of about 50 members

Description

This loan is taken mainly by male farmers in rural areas. This loan is supported by MiDA.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other	Farmers
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance
Workplace visits	x
Business training	x
Other training
Other	Training on access to green energy in their agro-processsing activities
Other (2)
No other services

Eligibility

Men	x
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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 1,000
Maximum loan size	2,052

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	12.0 months
Approx average	4.0 months

Grace Period

Grace period usage	100%
Average grace period	8.0 months

Repayment Frequency

Daily
Weekly
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	Yes
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

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 for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Higher Heights Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 1,200	GHS 1,600	GHS 1,800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2010-03-29	2010-03-29	2010-03-29
Loan Term (Months)	10.0 months	10.0 months	10.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	26.0%	26.0%	26.0%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	26.0%	26.0%	26.0%
Transparency Index	100	100	100

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Higher Heights Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Banco Solidario	79,700	221,716,000	1	164
CEPESIU	2,000	939,000	4	164
COAC 4 Octubre	2,200	5,771,000	2	164
COAC Ambato	1,300	16,415,000	2	164
COAC FondVida	2,500	4,200,000	4	164
COAC LaBenefica	2,500	8,482,000	6	164
COAC MCCH	5,300	10,020,000	2	164
COAC Nacional	30,700	27,129,000	2	164
COAC San José	10,400	29,133,000	5	164
COAC SanAntonio	1,000	2,384,000	3	164
COAC SantaAnita	2,000	2,532,000	6	164
Codesarrollo	14,400	40,328,000	7	164
Coop San Miguel	1,800	4,754,000	5	161
CooP VPR	700	1,052,000	4	164
Cooprogreso	7,900	32,244,000	4	164
Credi Fe	100,900	380,039,000	4	164
D^Miro	36,900	27,692,000	9	157
DECOF	2,200	705,000	2	164
Espoir	62,100	21,036,000	5	164
FODEMI	28,200	12,924,000	3	164
Fundacion Alternativa	4,300	5,545,000	2	164
FUNDAMIC	2,000	1,468,000	2	164
INSOTEC	7,000	6,047,000	4	164
Luz del Valle	6,400	11,300,000	3	164
ProCredit	43,800	211,941,000	2	164
PS Ambato	5,600	2,771,000	1	164

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

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Total Borrrowers of Samples


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