Institution # Borrowers Portfolio (US$) Products Age of Data
Adhikar35,3002,674,000178
AMPL00078
Arman41,500529,107,000178
Arohan43,5008,091,000278
ASA INDIA164,00015,380,000178
Asirvad113,50019,328,000178
Asmitha1,114,800217,867,000178
Bandhan4,048,600674,564,000578
Belstar123,00023,945,000257
BSFL275,20031,590,000378
Chaitanya20,7003,748,000378
Disha Microfin69,00014,332,000278
Equitas1,220,000186,415,000478
ESAF354,20043,500,000578
FFSL150,60035,719,000278
Fusion66,8009,820,000278
Grama Vidiyal738,200102,101,000178
Grameen Koota586,60083,555,0001580
Janalakshmi506,000119,077,000278
L & T Finance399,80037,199,000178
MFL331,80049,083,000178
MMFL175,00023,752,000278
Mpower13,6002,263,000278
Sahayata00078
Saija24,7004,682,000278
Samasta45,5004,809,000278
Satin405,60090,174,000278
SCCI115,60015,910,000278
Share2,195,400376,727,000178
SKS3,409,000355,029,000278
SMILE360,20056,927,000178
SNFL9,4001,779,000178
Sonata Finance158,20022,724,000380
Spandana533,400147,240,000278
Suryoday78,60014,713,000378
SVCL118,20018,886,000178
Swadhaar92,80017,166,000378
Trident68,7008,852,000178
Ujjivan913,300160,848,000578
Utkarsh168,60025,915,000378
VFS175,40019,264,000278
Asomi50,3004,743,0002111
AES India3,600286,0001111
Arth2,900611,0002111
Asomi50,3004,743,0002111
Barasat GS1,10099,508.021111
BJS6,000468,0001111
Cashpor417,00050,452,0001110
Credible10,0001,669,540.362111
DIBAKAR1,800145,0001110
GOF65,2005,388,0004110
Hope62,6004,407,0001108
Jaago2,700237,0001109
LOK4,900573,0001110
Nano25,6003,660,0002111
NBSAAVS28,1002,821,0001108
Nirantara8,200917,0002110
Parama7,100482,0001110
Pragathi26,2004,579,0006110
PWMACS36,5005,946,0001110
Saadhana90,90012,046,0002110
Sambhav1,500183,0003110
Seba Rahara6,700468,0001110
SU61,1005,498,0001110
Swayanshree7,900918,0002110
Vikas Samiti1,600168,0001110
Vistaar4,3001,157,0002108
We The People1,100244,0002110
WEMCS1,10085,0001110
Yukti1,10099,0002110
Please note that the information you are viewing is 78 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Sekam Trust International Tulaku, behind Amal BankPBM 16AF, Adenta FlatsAshaiman, Greater Accra
Data approved: 2013-03-15
Data version: 2
Age of data: 78 months

Product

Business Loan Product 1 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 125,000
Portfolio (USD)USD 63,451.78
Active Clients with Loans256
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for individual traders.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
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 group
OtherUsually must have run a business for at least 3 years
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size3,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00050%
GHS 1,000-5,00050%
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 term2.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less40%
Between 4 and 6 months60%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
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 interest5.00%
Highest quoted nominal interest10.00%
Reason(s) why interest rate variesClient Risk, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionProcessing FeeRegistration Fee
% of loan amount - min2.00%0
% of loan amount - max2.00%0
OR, Fixed amount - min010
Fixed amount - max010
Reason for variationN/AN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited30.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid10.50%
Maximum interest rate paid10.50%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 700GHS 1,500GHS 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-222012-11-252013-02-15
Loan Term (Months)5.8 months4.3 months5.8 months
Grace Period (Months)0.2 months0.1 months0.2 months
Total Cost of CreditGHS 326.40GHS 433GHS 1,366
True Price by Comp     
Interest price component136.9%110.7%136.9%
Fee Component14.4%13.8%9.8%
Insurance Component5.2%6.4%5.1%
Tax Component0.0%0.0%0.0%
Deposit Component111.8%99.9%107.7%
Full APR (int fee ins tax dep)268.3%230.8%259.5%
Transparency Index222623
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Business 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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