Institution # Borrowers Portfolio (US$) Products Age of Data
1st Valley Bank38,90048,291,000398
AJDFI13,100884,000698
ARDCI44,6009,403,000198
ASA Philippines333,40029,282,000198
ASHI35,4005,231,000698
ASKI60,00015,247,000498
Bangko Kabayan8,9002,373,000298
BSEI60073,000298
CBI8,1002,010,000598
CCT70,3009,504,000498
CEV35,4005,111,000498
DSPI59,3003,676,000398
ECLOF5,4001,836,000498
FCB12,0002,392,000298
FMB2,700710,000298
GM Bank23,5001,553,000398
HSPFI19,1001,899,000298
JVOFI1,300281,000198
Katipunan Bank42,1005,325,000298
KDCI20,5002,095,000398
KGI32,3003,421,000498
KMBI245,00015,098,000198
LTMPC37,4008,935,000398
Mallig Plains6,500641,000298
MILAMDEC29,8003,278,000298
MWIMPC11,8001,740,000497
NWTF105,50012,698,000598
OFMPC4,400964,000198
PBC50,70010,434,000498
PCSD700167,000198
PMPC23,5005,565,000898
RB Angeles9001,502,000298
RB Labason500289,000198
RBLI5,2001,026,000298
RBMI11,9001,750,000298
RMB100173,000198
RSPI39,6002,834,000498
SAFRAGEMC1,100229,000198
Salve10,9001,191,000398
SEDP27,0003,914,000398
TSKI212,90025,187,000298
TSPI264,50031,290,000798
Valient1,700672,000298
Please note that the information you are viewing is 79 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217
Data approved: 2013-03-04
Data version: 2
Age of data: 79 months

Product

Group Loan Product 2 of 3 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 4,995,261
Portfolio (USD)USD 2,535,665.48
Active Clients with Loans9,642
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for solidarity groups.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Educationx
Other household finance
OtherLand
Other (2)
Included Services
Credit education
Group meetingsx
Credit insurance
Workplace visitsx
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 workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveGreater Accra Region, Ashanti Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 2,000
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,0000
GHS 5,000-7,50020%
GHS 7,500-10,00080%
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term5.0 months
Longest loan term8.0 months
Approx averagedk
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months80%
Between 7 and 9 months20%
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Daily
Weeklyx
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 interest3.00%
Highest quoted nominal interest8.00%
Reason(s) why interest rate variesClient Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositFinal Pmt
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 3
Loan AmountGHS 3,200GHS 6,500GHS 9,500
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-01-102013-02-022013-01-14
Loan Term (Months)6.0 months5.0 months3.0 months
Grace Period (Months)1.9 months1.5 months0.9 months
Total Cost of CreditGHS 672GHS 1,170GHS 1,140
True Price by Comp     
Interest price component49.7%51.4%51.8%
Fee Component9.3%11.3%18.4%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component9.1%9.9%11.4%
Full APR (int fee ins tax dep)68.1%72.6%81.6%
Transparency Index535044
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
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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