Institution # Borrowers Portfolio (US$) Products Age of Data
AGFS20047,0002150
Ahantaman RB23,8009,896,0004132
APED13,7001,876,0002132
ASA Initiative4,400577,0004132
ASA-Ghana71,60018,385,0002132
ASPI80088,0006132
Atwima Kwanwoma3,8001,788,0002132
Baobab5,100967,0002132
BestFUND13,0004,172,0003132
Bonzali Rural10,4001,691,0004150
CashPhase83135,0002132
CASUD1,100524,0001132
CEDEF50054,0004132
CFF10013,0001132
CRAN3,6001,019,0002132
DQF1,70063,0002132
EASL9,20011,409,0006132
East Mamprusi12,5002,268,0004132
ELDA000132
EMPRETEC Ghana20056,0002132
FASL13,50014,047,0008132
Grameen Ghana9,500507,0003132
ID-Ghana5,600953,0003132
Innovative Finance2,700354,0003132
Kraban Support7,700781,0005150
KRB4,0006,350,0003132
Lower Pra RB34,0006,316,0003150
Maata-N-Tudu12,000941,0004132
Mail Finance300288,0001132
Markaz000132
Markaz Al Bishara10017,0001132
MicrofinPlus Gh1,100251,0002132
Nwabiagya RB4,0002,265,0003132
OISL62,00027,232,0009132
Pro Credit000132
Rich Step100101,0001132
SAT147,60029,359,0004132
Sekam Trust600137,0002132
Simli Pong8,900463,0003150
SS Ghana20035,0001132
TCCU10032,0003132
The Bridge40032,0003150
Union RB3,8002,361,0004132
Please note that the information you are viewing is 132 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Association of Progressive Entrepreneurs in Development Head OfficeAccraP.O. Box CT 78 PMB
Data approved: 2013-02-15
Data version: 2
Age of data: 132 months

Product

Working Capital Loan Product 2 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 3,043,035.62
Portfolio (USD)USD 1,544,688.13
Active Clients with Loans10,729
Approximate % Female Clients60% - 80%
Approximate % Urban Clients20% - 40%
Methodology
Individualx
Solidarity groupx
Village bankingx
Self help group
Other
Description
Designed for small-to-medium sized businesses, to increase turnover and profitability.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other trainingx
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 groupx
OtherMust be resident in community near branch for at least on year
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution10
# Regions for this product10
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 800
Maximum loan size8,500
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 term4.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months60%
Between 7 and 9 months30%
Between 10 and 12 months10%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage10%
Average grace period0.3 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeksx
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest4.00%
Reason(s) why interest rate variesBranch, Time as Client, Client Risk
Interest rate period4 Weeks
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeApplication and Pass Book Fee
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min02
Fixed amount - max04
Reason for variationN/AFee varies based on geographic location client.
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0.70%
% of loan amount - max0.70%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationIncludes life cover only. Do not cover clients above age 64.
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaGHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%.
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited15.00% - 20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
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

Working Capital Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 800GHS 1,600GHS 3,000GHS 6,200GHS 8,250
Loan Cycle (1, 2, 3, etc)2Not Known114
Disbursement Date2012-12-052012-11-122012-11-132012-12-212012-12-20
Loan Term (Months)3.9 months4.7 months3.7 months3.7 months5.6 months
Grace Period (Months)-0.1 months0.1 months0.0 months0.2 months0.0 months
Total Cost of CreditGHS 144.60GHS 382.20GHS 534GHS 1,224.35GHS 1,793.25
True Price by Comp         
Interest price component65.4%86.4%82.1%87.6%68.1%
Fee Component17.4%15.9%20.2%18.7%13.1%
Insurance Component3.7%3.5%4.7%4.4%3.0%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component32.6%64.3%75.5%68.3%54.8%
Full APR (int fee ins tax dep)119.1%170.1%182.5%179.0%139.0%
Transparency Index3323212228
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Working Capital 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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