Institution # Borrowers Portfolio (US$) Products Age of Data
ACB-SA4,3351,476,288683
Comicoka827758,435483
COOJAD511823,215683
COOPEDU2,0297,549,835983
Duterimbere6,6074,365,044383
Goshen2,0763,716,0085100
Inkingi2,6482,593,3665100
RML4,9603,473,781383
UCU3,3911,603,524483
Urwego37,90014,755,0006
Vision Finance14,2263,474,6466100
Wisigara2,177904,708383
Zamuka253124,445383
Zigama CSS53,80659,670,7532100
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

ASA-Ghana Head OfficeKaneshieAccra, Greater AccraP.O. Box MP 1834, Mamprobi
Data approved: 2013-03-09
Data version: 2
Age of data: 79 months

Product

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Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 1,638,834
Portfolio (USD)USD 858,028
Active Clients with Loans1,556
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Designed for clients starting a business or financing an exisiting business.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
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
OtherMust have a business plan
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveGreater Accra Region, Central Region, Western Region, Ashanti Region

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 500
Maximum loan size2,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00080%
GHS 1,000-5,00020%
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 term6.0 months
Longest loan term12.0 months
Approx average10.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months0
Between 10 and 12 months90%
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
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 interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionRegistration Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min5
Fixed amount - max5
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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?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 depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Savings during periodic loan repayments are optional.

Full Pricing Data

Business Loan samples
Sample 1Sample 2Sample 3
Loan AmountGHS 1,100GHS 1,200GHS 1,400
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2012-12-102012-08-062013-03-25
Loan Term (Months)11.0 months12.0 months11.0 months
Grace Period (Months)0.7 months0.5 months0.2 months
Total Cost of CreditGHS 401GHS 437GHS 509
True Price by Comp     
Interest price component60.9%59.6%68.4%
Fee Component1.0%0.9%0.9%
Insurance Component2.2%2.1%2.4%
Tax Component0.0%0.0%0.0%
Deposit Component11.3%11.3%13.3%
Full APR (int fee ins tax dep)75.4%73.9%85.0%
Transparency Index484942
      
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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