Institution

Rich Step Investment Head OfficeTemaKpone, Greater AccraP.O. Box SC116
Data approved: 2013-03-14
Data version: 2
Age of data: 132 months

Institution

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, Near Capital Radio, KumasiPostal Office Box 4911, KumasiKUMASSI, ASHANTI REGION233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.richstepinvestment.com
Year established2007
Head of InstitutionStephen Dzovor
Regions activeGreater Accra Region
# Branches9

Total Portfolio (nat'l)GHS 200,000
Total Portfolio (USD)USD 101,522.84
Active clients with loans150
Approximate % female clients60% - 80%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
Funders

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.sinapiaba.com/
Year established1994
Head of InstitutionAnthony Gyasi-Fosu
Regions active0
# Branches48

Total Portfolio (nat'l)GHS 34,500,000
Total Portfolio (USD)USD 23,000,000
Active clients with loans107,000
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsOpportunity Internal network, Ghamfin, Mix Market, Assfin
FundersBlue Orchard, Symbotics, Kolibre Capital, Tridos

Loan Products » Summary

150 Borrowers
USD 101,522.84 Portfolio
Active Product

Loan Products » Summary

1,950 Borrowers
USD 2,000,000 Portfolio
Active Product
250 Borrowers
USD 600,000 Portfolio
Active Product
SME
600 Borrowers
USD 1,666,667 Portfolio
Active Product
45,900 Borrowers
USD 7,333,333 Portfolio
Active Product
64,500 Borrowers
USD 8,666,667 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Petty Traders Loan GHS 50 - 1,000 1 - 5 40% - 60% 80% - 100% Business Women, Men, Have business, Have home or land, Specific age group Group Mtgs, Credit Ins, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Individual GHS 1,000 - 5,000 6 - 12 80% - 100% 60% - 80%
School Loans GHS 1,000 - 10,000 6 - 24 20% - 40% 40% - 60%
SME GHS 5,000 - 50,000 6 - 12 60% - 80% 80% - 100%
Solidarity GHS 1,000 - 4,000 0.5 - 10 80% - 100% 0% - 20%
Trust Bank GHS 200 - 900 6 - 10 80% - 100% 0% - 20%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Petty Traders Loan 60.00%-120.00% annual, Flat 2 Fees 0 None 25.00% upfront 147.3% - 245.4% 259.4% - 420.1% 16

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual 20.00%-0.00% annual, Flat 1 Fee 1 Ins 56.4% - 92% 69.3% - 113.1% 21
School Loans 20.00%-0.00% annual, Flat 0 Fees 0 Ins N/A 50.4% - 57.2% 50.4% - 57.2% 37
SME 36.00%-0.00% annual, Flat 1 Fee 1 Ins 57.3% - 86.7% 69.2% - 105.5% 43
Solidarity 22.00%-0.00% annual, Flat 2 Fees 1 Ins 84.4% - 88.6% 102.8% - 109.2% 20
Trust Bank 22.00%-0.00% annual, Flat 2 Fees 1 Ins 84.3% - 98.5% 104.3% - 122.6% 19

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Petty Traders Loan 60.00%-120.00% annual, Flat 2 Fees 0 None 25.00% upfront 147.3% - 245.4% 259.4% - 420.1% 16

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Individual 20.00%-0.00% annual, Flat 1 Fee 1 Ins Ins 56.4% - 92% 69.3% - 113.1% 21
School Loans 20.00%-0.00% annual, Flat 0 Fees 0 Ins Ins N/A 50.4% - 57.2% 50.4% - 57.2% 37
SME 36.00%-0.00% annual, Flat 1 Fee 1 Ins Ins 57.3% - 86.7% 69.2% - 105.5% 43
Solidarity 22.00%-0.00% annual, Flat 2 Fees 1 Ins Ins 84.4% - 88.6% 102.8% - 109.2% 20
Trust Bank 22.00%-0.00% annual, Flat 2 Fees 1 Ins Ins 84.3% - 98.5% 104.3% - 122.6% 19
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Key Statistics
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