Institution

Rich Step Investment Head OfficeTemaKpone, Greater AccraP.O. Box SC116
Data approved: 2013-03-14
Data version: 2
Age of data: 79 months

Institution

Banco San Enrique, Inc. G/F Iloilo Medical Center, Bonifacio DriveIloilo City, Iloilo/Region VI5000
Data approved: 2011-11-15
Data version: 1
Age of data: 98 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 TypeRurBank
Is this institution regulated?Yes
Website addressN/A
Year established1974
Head of InstitutionEngr. Arturo P. Muyco, Jr.
Regions active
# Branches5

Total Portfolio (nat'l)PhP 3,072,220
Total Portfolio (USD)USD 73,498.09
Active clients with loans664
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsBangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Philippine Deposit Insurance Corporation (PDIC)
FundersLandbank of the Philippines (LBP), National Livelihood Development Corporation (NLDC), Bangko Sentral ng Pilipinas (BSP)

Loan Products » Summary

150 Borrowers
USD 101,522.84 Portfolio
Active Product

Loan Products » Summary

540 Borrowers
USD 66,386.94 Portfolio
Active Product
124 Borrowers
USD 7,111.15 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
Fast Cash PHP 3,000 - 28,000 1 - 6 80% - 100% 0% - 20% Business Women, Men, Have business Group Mtgs, Credit Ins
POWER (Program on Women Empowerment) PHP 3,000 - 28,000 4 - 6 80% - 100% 0% - 20% Business Women, Have business Group Mtgs, Credit Ins

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
Fast Cash 40.0%-44.0% annual, Flat 1 Fee 2 Ins 0.50% loan amt 500.00 upfront 50.00 ongoing 83.4% - 92.4% 100.2% - 250.2% 31
POWER (Program on Women Empowerment) 40.0%-44.0% annual, Flat 1 Fee 2 Ins 0.50% loan amt 500.00 upfront 50.00 ongoing 83.4% - 84.7% 100.2% - 242.3% 30

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
Fast Cash 40.0%-44.0% annual, Flat 1 Fee 2 Ins Ins 0.50% loan amt 500.00 upfront 50.00 ongoing 83.4% - 92.4% 100.2% - 250.2% 31
POWER (Program on Women Empowerment) 40.0%-44.0% annual, Flat 1 Fee 2 Ins Ins 0.50% loan amt 500.00 upfront 50.00 ongoing 83.4% - 84.7% 100.2% - 242.3% 30
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