- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
CCODE	2,351	642,437	4	136
CUMO	48,013	593,957	2	136
FINCA	29,927	3,752,103	3	136
FINCOOP	4,221	273,904	6	136
FITSE	8,790	649,408	4	136
MARDEF	166,575	2,550,582	1	136
MLF MWI	24,364	1,698,128	3	136
MRFC	1,772	0	0	136
NBS	1,000	974,359	1	161
OIBM	52,649	9,227,488	4	136

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

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, Near Capital Radio, KumasiPostal Office Box 4911, KumasiKUMASSI, ASHANTI REGION233

Data approved: 2011-12-07

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 13,000,000
Portfolio (USD)	USD 8,666,667
Active Clients with Loans	64,500
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

An organized group lending of 5 to 15 economically disadvataged but active individuals to help sustain and grow their businesses. Its simple, flexible and reliable.\r

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	GHS 900

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	10.0 months
Approx average	8.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	100%
Average grace period	0.5 months

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	22.00%
Highest quoted nominal interest	39.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Training fee
% of loan amount - min	2.00%	0
% of loan amount - max	3.50%	0
OR, Fixed amount - min	0	3
Fixed amount - max	0	3
Reason for variation
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1
Description	Client's Welfare Scheme
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00% - N/A
or, Fixed-amount deposited	0 - N/A

Deposits DURING period payments

% loan amount deposited	0 - N/A
or, Fixed-amount deposited	0 - N/A
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	8.00%
Maximum interest rate paid	8.00%
Interest payment frequency	Monthly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Trust Bank samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 400	GHS 400	GHS 700	GHS 800
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-02-07	2013-02-07	2013-01-24	2013-02-04
Loan Term (Months)	4.7 months	4.7 months	4.7 months	4.7 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	84.3%	91.9%	98.5%	90.4%
Insurance Component	3.6%	3.9%	3.8%	3.5%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	16.4%	18.7%	20.2%	17.7%
Full APR (int fee ins tax dep)	104.3%	114.6%	122.6%	111.6%
Transparency Index	21	19	18	20

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Trust Bank 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

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


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By Country

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