Institution # Borrowers Portfolio (US$) Products Age of Data
Adhikar35,3002,674,000187
AMPL00087
Arman41,500529,107,000187
Arohan43,5008,091,000287
ASA INDIA164,00015,380,000187
Asirvad113,50019,328,000187
Asmitha1,114,800217,867,000187
Bandhan4,048,600674,564,000587
Belstar123,00023,945,000266
BSFL275,20031,590,000387
Chaitanya20,7003,748,000387
Disha Microfin69,00014,332,000287
Equitas1,220,000186,415,000487
ESAF354,20043,500,000587
FFSL150,60035,719,000287
Fusion66,8009,820,000287
Grama Vidiyal738,200102,101,000187
Grameen Koota586,60083,555,0001589
Janalakshmi506,000119,077,000287
L & T Finance399,80037,199,000187
MFL331,80049,083,000187
MMFL175,00023,752,000287
Mpower13,6002,263,000287
Sahayata00087
Saija24,7004,682,000287
Samasta45,5004,809,000287
Satin405,60090,174,000287
SCCI115,60015,910,000287
Share2,195,400376,727,000187
SKS3,409,000355,029,000287
SMILE360,20056,927,000187
SNFL9,4001,779,000187
Sonata Finance158,20022,724,000389
Spandana533,400147,240,000287
Suryoday78,60014,713,000387
SVCL118,20018,886,000187
Swadhaar92,80017,166,000387
Trident68,7008,852,000187
Ujjivan913,300160,848,000587
Utkarsh168,60025,915,000387
VFS175,40019,264,000287
Asomi50,3004,743,0002119
AES India3,600286,0001119
Arth2,900611,0002119
Asomi50,3004,743,0002119
Barasat GS1,10099,508.021119
BJS6,000468,0001119
Cashpor417,00050,452,0001118
Credible10,0001,669,540.362119
DIBAKAR1,800145,0001118
GOF65,2005,388,0004118
Hope62,6004,407,0001116
Jaago2,700237,0001117
LOK4,900573,0001118
Nano25,6003,660,0002119
NBSAAVS28,1002,821,0001116
Nirantara8,200917,0002118
Parama7,100482,0001118
Pragathi26,2004,579,0006118
PWMACS36,5005,946,0001118
Saadhana90,90012,046,0002118
Sambhav1,500183,0003118
Seba Rahara6,700468,0001118
SU61,1005,498,0001118
Swayanshree7,900918,0002118
Vikas Samiti1,600168,0001118
Vistaar4,3001,157,0002116
We The People1,100244,0002118
WEMCS1,10085,0001118
Yukti1,10099,0002118
Please note that the information you are viewing is 87 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 87 months

Product

Salary Loans Product 3 of 9 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 599,243.77
Portfolio (USD)USD 304,184.65
Active Clients with Loans889
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This facility is targeted towards employees who receive their salaries through First Allied. Beneficiaries can access substantial loan amounts with monthly repayments, done through deductions from their salaries.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00050%
GHS 5,000-7,50020%
GHS 7,500-10,0005%
GHS 10,000-13,0005%
Greater than GHS 13,0005%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months40%
Between 13 and 18 months20%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest28.00%
Reason(s) why interest rate variesInterest varies based on loan duration
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Salary Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 350GHS 600GHS 1,500GHS 3,000GHS 8,500GHS 16,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-192013-05-022013-05-142013-05-292013-04-102013-06-10
Loan Term (Months)12.0 months9.0 months12.0 months24.0 months25.0 months37.0 months
Grace Period (Months)0.0 months0.6 months0.0 months-0.4 months0.7 months0.2 months
Total Cost of CreditGHS 100.96GHS 124GHS 450GHS 1,308GHS 3,717.92GHS 9,412
True Price by Comp           
Interest price component45.4%40.8%47.1%36.8%33.5%31.3%
Fee Component4.0%4.9%4.0%2.3%2.1%1.5%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.4%45.7%51.1%39.1%35.6%32.8%
Transparency Index384237495358
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Salary Loans 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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