Institution # Borrowers Portfolio (US$) Products Age of Data
ACAWE10016,000299
AfricaWorks6,5001,843,000860
AZADER2003,0002100
BOM18,9006,422,000368
CCOM9,1002,995,000684
FDM7,2001,002,000484
Hluvuku-ADSEMA5,3002,959,000384
IRAM00084
ProCredit00084
Tchuma00084
SOCREMO-N/A111
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Institution

Baobab Financial Services Limited Zogbeli, TamaleTamale, Northern Region233
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 

Product

Group Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,392,000
Portfolio (USD)USD 928,000
Active Clients with Loans3,260
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
These loans are for women in groups so as to disburse loans to them. Payment is done weekly for a period of 4 months. The maximum number in a group is 25, mostly women.\r
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
OtherIncome generating activities
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurance
Workplace visits
Business training
Other training
OtherHealth and Nutrition Training
Other (2)Clean up exercises (Sanitation)
No other services
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Otherbe in a group and known that community for a period of 1 year
Other (2)member should be able to guranttee the other
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size1,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term4.0 months
Approx average4.0 months
Distribution at Disbursement (Est.)
Loans 3 months or lessN/A
Between 4 and 6 monthsN/A
Between 7 and 9 monthsN/A
Between 10 and 12 monthsN/A
Between 13 and 18 monthsN/A
Longer than 18 monthsN/A
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest36.00%
Highest quoted nominal interest36.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00% - N/A
or, Fixed-amount deposited0 - N/A
Deposits DURING period payments
% loan amount deposited0 - N/A
or, Fixed-amount deposited0 - N/A
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

Group Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 200GHS 300GHS 500GHS 600
Loan Cycle (1, 2, 3, etc)2222
Disbursement Date2013-01-182013-01-182013-01-182013-01-18
Loan Term (Months)3.7 months3.7 months3.7 months3.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component105.0%103.3%103.3%103.3%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component20.1%19.6%19.6%19.6%
Full APR (int fee ins tax dep)125.1%122.9%122.9%122.9%
Transparency Index29292929
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Group 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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