Institution

Simbag sa Pag-Asenso, Inc. 3/F SAC Building, Cathedral CompoundAlbay DistrictLegazpi City4500
Data approved: 2011-11-15
Data version: 1
Age of data: 151 months

Institution

Kumanwuman Rural Bank Limited Head OfficeKumawuKumasi, AshantiP.O. Box 33
Data approved: 2013-03-05
Data version: 2
Age of data: 132 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.simbag.org/
Year established1994
Head of InstitutionRemegia L. Balucio
Regions active
# Branches18

Total Portfolio (nat'l)PhP 205,575,411
Total Portfolio (USD)USD 4,918,072.03
Active clients with loans26,942
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsPeople's Credit and Fiannce Corporation
FundersManos Unidas

Institution Details

Institution TypeRurBank
Is this institution regulated?Yes
Website addresshttp://[email protected]
Year established1982
Head of InstitutionC.K Ablerdu
Regions activeAshanti Region
# Branches9

Total Portfolio (nat'l)GHS 12,511,356
Total Portfolio (USD)USD 6,350,942.13
Active clients with loans4,013
Approximate % female clients60% - 80%
Approximate % urban clients40% - 60%
Network affiliationsARB Apex, GHAMFIN
FundersSPEED Ghana, MiDA, MASLOC

Loan Products » Summary

4,828 Borrowers
USD 505,519.88 Portfolio
Active Product
21,517 Borrowers
USD 3,358,047.61 Portfolio
Active Product
722 Borrowers
USD 50,541.96 Portfolio
Active Product

Loan Products » Summary

1,412 Borrowers
USD 2,465,610.66 Portfolio
Active Product
1,756 Borrowers
USD 3,312,781.73 Portfolio
Active Product
845 Borrowers
USD 572,549.75 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Balay Asenso PHP 1,000 - 20,000 5 - 10 80% - 100% 20% - 40% Housing Women, Men, Have business, Have home or land, Member for > 6 months, At least on the 2nd cycle of regular loan Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training
Productive Loan PHP 1,000 - 150,000 2 - 10 80% - 100% 20% - 40% Business Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Advocacy & scholarship program; Social Services, Spiritual & Formation Activities, Enterprise Development & Services, Calamity Relief Assistance
Sagip Asenso PHP 1,000 - 10,000 5 80% - 100% 20% - 40% Business Women, Men, Have business, Member for > 6 months, At least on the 2nd cycle of regular loan Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Commercial Loan GHS 500 - 90,000 6 - 18 20% - 40% 60% - 80% Business Women, Men, Have business Group Mtgs, Credit Ins, Other Training
Salary Loan GHS 200 - 6,000 6 - 18 20% - 40% 60% - 80% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Other Training
Susu Loan GHS 50 - 20,000 3 - 12 60% - 80% 40% - 60% Business, Housing, Consumer, Education, Other Women, Men, Have business, Must have conttributed savings depsoit for at least 3 months. Credit Educ, Group Mtgs, Credit Ins, Other Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Balay Asenso 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 57.4% - 71.3% 69.8% - 94.1% 29
Productive Loan 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 57.4% - 67.6% 75.4% - 163.5% 25
Sagip Asenso 24.0% annual, Flat 1 Fee 2 Ins None 5.0% upfront 10.00 ongoing 64.1% - 72.7% 82.2% - 96% 28

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Commercial Loan 28.00% annual, Flat 1 Fee 0 Ins None 30.00% upfront 53% - 56.8% 97.1% - 106.4% 27
Salary Loan 30.00% annual, Flat 1 Fee 0 Ins None N/A 54.2% - 77.7% 54.2% - 77.7% 48
Susu Loan 28.00% annual, Flat 1 Fee 0 Ins None 50.00% upfront 51.9% - 56.3% 179.5% - 210.9% 14

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Balay Asenso 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 57.4% - 71.3% 69.8% - 94.1% 29
Productive Loan 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 57.4% - 67.6% 75.4% - 163.5% 25
Sagip Asenso 24.0% annual, Flat 1 Fee 2 Ins Ins None 5.0% upfront 10.00 ongoing 64.1% - 72.7% 82.2% - 96% 28

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Commercial Loan 28.00% annual, Flat 1 Fee 0 Ins Ins None 30.00% upfront 53% - 56.8% 97.1% - 106.4% 27
Salary Loan 30.00% annual, Flat 1 Fee 0 Ins Ins None N/A 54.2% - 77.7% 54.2% - 77.7% 48
Susu Loan 28.00% annual, Flat 1 Fee 0 Ins Ins None 50.00% upfront 51.9% - 56.3% 179.5% - 210.9% 14
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