2. Simli Pong
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
  2. Lower Pra RB
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

Simli Pong SimplipongTamale, Northern Region
Data approved: 2011-12-07
Data version: 1
Age of data: 150 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

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1986
Head of InstitutionNantogma Issah Abdulai
Regions active
# Branches6

Total Portfolio (nat'l)GHS 927,856
Total Portfolio (USD)USD 470,992.89
Active clients with loans8,970
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsASSFIN, GHAMFIN
Funders

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://www.lowerpraruralbank.com/
Year established1983
Head of InstitutionIsaac Kwamina Afful
Regions active
# Branches14

Total Portfolio (nat'l)GHS 12,443,472
Total Portfolio (USD)USD 6,316,483.25
Active clients with loans34,056
Approximate % female clients40% - 60%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, ARB APEX
Funders

Loan Products » Summary

Agriculture
120 Borrowers
USD 36,781.73 Portfolio
Active Product
Agro-Process
5,720 Borrowers
USD 319,147.72 Portfolio
Active Product
Trading
3,100 Borrowers
USD 107,104.06 Portfolio
Active Product

Loan Products » Summary

Micro Loan
13,529 Borrowers
USD 2,093,440.10 Portfolio
Active Product
Salary Loan
17,746 Borrowers
USD 3,895,317.77 Portfolio
Active Product
Susu Loan
2,781 Borrowers
USD 327,725.89 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan GHS 300 - 500 6 - 12 40% - 60% 0% - 20% Business, Farming Women, Men, Must be in a group, must have a farm Group Mtgs, Credit Ins, Other Training
Agro-Processing Loan GHS 100 - 2,100 6 - 12 80% - 100% 0% - 20% Business, for agro-processing activities Women Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Trading Loan GHS 100 - 1,200 12 80% - 100% 20% - 40% Business, petty trading Women Credit Educ, Group Mtgs, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Micro Loan GHS 1,000 - 30,000 1 - 12 20% - 40% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Salary Loan GHS 500 - 11,000 1 - 60 40% - 60% 80% - 100% Business Women, Men Credit Ins
Susu Loan GHS 200 - 3,500 1 - 12 40% - 60% 80% - 100% Business Women, Men, Have business Credit Ins, Tech Asst Visits, Market trends

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.00% annual, Flat 0 Fees 0 Ins None N/A 29.8% - 30.1% 29.8% - 30.1% 66
Agro-Processing Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 44.4% - 57.6% 52.1% - 68.6% 45
Trading Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins None N/A 51.2% - 60.8% 51.2% - 60.8% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 20.00% annual, Flat 0 Fees 0 Ins Ins None N/A 29.8% - 30.1% 29.8% - 30.1% 66
Agro-Processing Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins Ins None 10.00% upfront 44.4% - 57.6% 52.1% - 68.6% 45
Trading Loan 27.00%-30.00% annual, Flat 2 Fees 0 Ins Ins None N/A 51.2% - 60.8% 51.2% - 60.8% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Micro Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 66.3% - 87.9% 104.2% - 146.4% 24
Salary Loan 28.00% annual, Flat 2 Fees 0 Ins Ins None N/A 47.4% - 63% 47.4% - 63% 48
Susu Loan 30.00% annual, Flat 2 Fees 0 Ins Ins None 25.00%- upfront 69.6% - 91.6% 115.7% - 154.1% 22
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