Institution

Union Rural Bank Limited Head OfficeSenya Bereku, Central RegionP.O. Box 5
Data approved: 2013-02-26
Data version: 2
Age of data: 79 months

Institution

Boabab Microfinance Company Ltd Head OfficeZogbeliTamale, NorthernP.O. Box E/R 550
Data approved: 2013-03-08
Data version: 2
Age of data: 79 months

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addressN/A
Year established1999
Head of InstitutionPaul Kojo Kombian
Regions activeGreater Accra Region, Central Region
# Branches7

Total Portfolio (nat'l)GHS 4,652,554
Total Portfolio (USD)USD 2,361,702.54
Active clients with loans3,831
Approximate % female clients60% - 80%
Approximate % urban clients40% - 60%
Network affiliationsARB APEX, GHAMFIN, Freedom from Hunger
FundersOikoCredit, SPEED Ghana, ARB APEX Bank

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addressn/a
Year established2008
Head of InstitutionAmadu Montia
Regions activeNorthern Region
# Branches2

Total Portfolio (nat'l)GHS 1,905,561.29
Total Portfolio (USD)USD 967,289.99
Active clients with loans5,143
Approximate % female clients80% - 100%
Approximate % urban clients80% - 100%
Network affiliationsGHAMFIN, GCSCA
FundersMiDA

Loan Products » Summary

1,367 Borrowers
USD 187,932.49 Portfolio
Active Product
1,889 Borrowers
USD 1,777,637.90 Portfolio
Active Product
435 Borrowers
USD 300,171.28 Portfolio
Active Product
140 Borrowers
USD 95,960.87 Portfolio
Active Product
Retired Product

Loan Products » Summary

61 Borrowers
USD 167,512.69 Portfolio
Active Product
5,082 Borrowers
USD 799,777.16 Portfolio
Active Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Group Loan GHS 500 - 3,000 4 - 6 80% - 100% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs
Salary Loan GHS 200 - 25,000 1 - 12 40% - 60% 60% - 80% Business, Education Women, Men, Have business, Salaried worker Credit Educ, Business Training
Business Loan GHS 200 - 25,000 1 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Business Training
Mobile Banking Loan GHS 200 - 25,000 1 - 12 40% - 60% 60% - 80% Business Women, Men, Have business Credit Educ, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Support Loan GHS 1,000 - 30,000 1 - 3 0% - 20% 80% - 100% Business Women, Men, Have business, Have home or land Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Group Loan GHS 100 - 1,000 4 80% - 100% 80% - 100% Business Women, Have business, Must be a group member and must have lived in the community for at least one year, Must have group guarantee Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation)

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 103.1% - 106% 123.7% - 127.3% 38
Salary Loan 32.00% annual, Flat 2 Fees 0 Ins None N/A 57.3% - 73.4% 57.3% - 73.4% 47
Business Loan 35.00% annual, Flat 2 Fees 0 Ins None N/A 68.2% - 68.7% 68.2% - 68.7% 51
Mobile Banking Loan 48.00% annual, Flat 2 Fees 0 Ins None 10.00% upfront 104.9% - 107.4% 127.1% - 130.5% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins None 10.00% upfront 63.1% 75.6% 47

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Group Loan 48.00% annual, Flat 2 Fees 0 Ins Ins None 10.00% upfront 103.1% - 106% 123.7% - 127.3% 38
Salary Loan 32.00% annual, Flat 2 Fees 0 Ins Ins None N/A 57.3% - 73.4% 57.3% - 73.4% 47
Business Loan 35.00% annual, Flat 2 Fees 0 Ins Ins None N/A 68.2% - 68.7% 68.2% - 68.7% 51
Mobile Banking Loan 48.00% annual, Flat 2 Fees 0 Ins Ins None 10.00% upfront 104.9% - 107.4% 127.1% - 130.5% 37

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Support Loan 60.00% annual, Flat 1 Fee 0 Ins Ins None 10.00% upfront 86.3% - 107.6% 101.7% - 126.1% 52
Group Loan 36.00% annual, Flat 0 Fees 0 Ins Ins None 10.00% upfront 63.1% 75.6% 47
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Key Statistics
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# Products
# Institutions
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# Borrowers
Loan Portfolio (USD)
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% Products with one or more fee
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% Products with compulsory deposits
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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