Institution

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323
Data approved: 2013-03-12
Data version: 2
Age of data: 132 months

Institution

Lower Pra Rural Bank Limited ShamaWestern RegionPO Box SH 18
Data approved: 2011-12-07
Data version: 1
Age of data: 150 months

Product

Agriculture Loan Product 1 of 10 « Prev | Next »

Product

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Product Summary

Number borrowers7,428
Loan Amount (range)GHS 130 - 10,000
Loan Term (range)6 - 9
Other Services (text summary)Credit Educ, Credit Ins
Annual Interest & Method36.0% annual, Flat
Fees3.50% upfront 3.00 upfront
Insurance1.00% ongoing
TaxNone
Comp Dep10.0% upfront
Range of pricing 
Interest Price Component33.9% - 69.6%
Fee Component2.9% - 24.0%
Insurance Component0.5% - 4.4%
Tax Component Range0
Full APR (int fee ins tax dep)47.0% - 78.8%
Transparency Index (min/max)31 - 88
Transparency Index (average)61

Product Summary

13,529
GHS 1,000 - 30,000
1 - 12
Credit Educ, Group Mtgs, Credit Ins
30.00% annual, Flat
2 fees
None
None
25.00%- upfront
 
N/A
66.3% - 87.9% (Int+Fee)
0
0
104.2% - 146.4%
19 - 59
24

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 2,448,297
Portfolio (USD)USD 1,242,790.36
Active Clients with Loans7,428
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
Agriculture loan is designed to offer loans to farmers for farm input purchase etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherFarming
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age groupx
OtherFarmers
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product5
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 4,124,077
Portfolio (USD)USD 2,093,440.10
Active Clients with Loans13,529
Approximate % Female Clients20% - 40%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This loan is like the susu loan. Savings here is compulsory, 1/4 th of amount in your account; Salary gurantors are taken as well. Given to petty traders, carpenters; depending on amount taken, sometimes landed property taken in case of default
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
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 group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 130
Maximum loan size10,000
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 term6.0 months
Longest loan term9.0 months
Approx average7.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months90%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
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
CurrencyGHS
Minimum loan sizeGHS 1,000
Maximum loan size30,000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term12.0 months
Approx average10.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterlyx
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication Fee
% of loan amount - min3.50%0
% of loan amount - max3.50%0
OR, Fixed amount - min03
Fixed amount - max03
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing 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 variation1% of total loan amount, divided and charged equally throughout loan term.
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
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 paid0
Maximum interest rate paid3.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Interest paid on deposit rule - If amount deposited is less than 1,000 GHS, 0% interest. If amount deposited is 1,000 GHS or more, 3% interest.

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionLoan Processing FeeRisk Fund(3%) & Commitment fee (5%)
% of loan amount - min08.00%
% of loan amount - max08.00%
OR, Fixed amount - min30
Fixed amount - max30
Reason for variationN/A
Appears on Repayment Sched?YesYes
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited25.00% - N/A
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to deposit
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agriculture Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 297GHS 750GHS 1,530GHS 3,000GHS 5,600
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2012-05-042012-12-212012-05-312012-10-022012-10-12
Loan Term (Months)10.0 months4.9 months9.0 months10.0 months5.8 months
Grace Period (Months)5.6 months2.0 months4.7 months0.4 months2.9 months
Total Cost of CreditGHS 92.10GHS 145.50GHS 424.41GHS 1,071.20GHS 1,227.81
True Price by Comp         
Interest price component33.9%41.5%34.8%57.3%40.1%
Fee Component6.9%12.3%6.4%8.1%9.1%
Insurance Component1.2%2.7%1.3%1.7%2.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component5.0%7.3%5.2%11.7%6.3%
Full APR (int fee ins tax dep)47.0%63.8%47.7%78.8%57.7%
Transparency Index7756754662
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF

Full Pricing Data

Micro Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 1,000GHS 3,500GHS 10,000GHS 15,000GHS 30,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-06-172011-07-222011-05-302010-10-242011-04-07
Loan Term (Months)6.0 months12.0 months12.0 months12.0 months24.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp         
Interest and Fee Component87.9%66.3%77.2%77.5%67.4%
Insurance Component0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component58.5%42.6%49.2%49.7%36.8%
Full APR (int fee ins tax dep)146.4%108.8%126.4%127.2%104.2%
Transparency Index2028242429
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Agriculture Loan Price Graphs


Micro Loan 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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