2. Meanwood
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. East Mamprusi
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

Meanwood Finance Corporation Limited Design HouseCairo RoadLusakaPO Box 31334
Data approved: 2011-12-12
Data version: 1
Age of data: 157 months

Institution

EAST MAMPRUSI COMMUNITY BANK P. O. BOX 11, GAMBAGA.GAMBAGA, NORTHERN REGIONP. O. BOX 11.
Data approved: 2011-12-07
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.meanwoodfinance.co.zm/
Year established2005
Head of InstitutionDaka Timothy
Regions active
# Branches0

Total Portfolio (nat'l)ZMK 9,000,000,000
Total Portfolio (USD)USD 1,739,130.44
Active clients with loans4,889
Approximate % female clients20% - 40%
Approximate % urban clients80% - 100%
Network affiliationsAMIZ
Funders

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addressN/A
Year established1997
Head of InstitutionMr James Acquaye
Regions active0
# Branches0

Total Portfolio (nat'l)GHS 2,100,364
Total Portfolio (USD)USD 1,400,242.67
Active clients with loans2,394
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsUNDP, TRIAS GHANA, SPEED GHANA, OXFARM
FundersTRAIS, UNDP, SPEED, NORTHFIN

Loan Products » Summary

Business
163 Borrowers
USD 888,888.89 Portfolio
Active Product
Group
370 Borrowers
USD 177,004.83 Portfolio
Active Product
Personal
550 Borrowers
USD 347,826.09 Portfolio
Active Product
Salary
374 Borrowers
USD 62,995.17 Portfolio
Active Product
Scheme Loan
567 Borrowers
USD 289,855.07 Portfolio
Active Product

Loan Products » Summary

Business Loan
261 Borrowers
USD 506,190 Portfolio
Active Product
Credit With Education (CWE) Loan
160 Borrowers
USD 191,807 Portfolio
Active Product
Farming Loan
273 Borrowers
USD 176,374 Portfolio
Active Product
Salary Loan
1,650 Borrowers
USD 364,133 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loans ZMK 5,000,000 - 1,100,000,000 1 - 6 20% - 40% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Group Loans ZMK 500,000 - 10,000,000 3 - 6 60% - 80% 80% - 100% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Other Training
Personal Loans ZMK 500,000 - 20,000,000 1 - 3 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins
Salary Advance ZMK 100,000 - 5,000,000 1 40% - 60% 80% - 100% Education, Other Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
Scheme Loans ZMK 500,000 - 50,000,000 1 - 12 40% - 60% 80% - 100% Any Purpose Women, Men, Salaried worker Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan GHS 500 - 2,000 6 - 12 20% - 40% 0% - 20%
Credit With Education (CWE) Loan GHS 500 - 4,000 12 - 24 60% - 80% 0% - 20%
Farming Loan GHS 200 - 2,000 12 - 18 20% - 40% 0% - 20%
Salary Loan GHS 500 - 10,000 12 - 36 40% - 60% 0% - 20%

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 96.0%-120.0% annual, Flat 2 Fees 0 Ins None N/A 224.9% - 233.5% 224.9% - 233.5% 42
Group Loans 72.0%-96.0% annual, Flat 0 Fees 0 Ins None 10.0% upfront 108.1% - 139.4% 126.6% - 161.7% 49
Personal Loans 120.0%-144.0% annual, Flat 1 Fee 0 Ins None 10.0% upfront 217.9% - 229.5% 252% - 265.7% 46
Salary Advance 276.0% annual, Flat 0 Fees 0 Ins None N/A 270.3% - 280.2% 270.3% - 280.2% 100
Scheme Loans 60.0%-96.0% annual, Flat 0 Fees 0 Ins None N/A 77.6% - 146.2% 77.6% - 146.2% 58

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 36.00%-0.00% annual, Flat 1 Fee 0 Ins 62.8% - 63.4% 98.5% - 106.1% 35
Credit With Education (CWE) Loan 20.00%-0.00% annual, Flat 0 Fees 0 Ins 74.2% - 76.6% 95.6% - 106.3% 20
Farming Loan 30.00%-0.00% annual, Flat 0 Fees 0 Ins 61.1% 107.2% 27
Salary Loan 30.00%-0.00% annual, Decl Bal 2 Fees 0 Ins N/A 29.2% - 63.9% 29.2% - 63.9% 73

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loans 96.0%-120.0% annual, Flat 2 Fees 0 Ins Ins None N/A 224.9% - 233.5% 224.9% - 233.5% 42
Group Loans 72.0%-96.0% annual, Flat 0 Fees 0 Ins Ins None 10.0% upfront 108.1% - 139.4% 126.6% - 161.7% 49
Personal Loans 120.0%-144.0% annual, Flat 1 Fee 0 Ins Ins None 10.0% upfront 217.9% - 229.5% 252% - 265.7% 46
Salary Advance 276.0% annual, Flat 0 Fees 0 Ins Ins None N/A 270.3% - 280.2% 270.3% - 280.2% 100
Scheme Loans 60.0%-96.0% annual, Flat 0 Fees 0 Ins Ins None N/A 77.6% - 146.2% 77.6% - 146.2% 58

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 36.00%-0.00% annual, Flat 1 Fee 0 Ins Ins 62.8% - 63.4% 98.5% - 106.1% 35
Credit With Education (CWE) Loan 20.00%-0.00% annual, Flat 0 Fees 0 Ins Ins 74.2% - 76.6% 95.6% - 106.3% 20
Farming Loan 30.00%-0.00% annual, Flat 0 Fees 0 Ins Ins 61.1% 107.2% 27
Salary Loan 30.00%-0.00% annual, Decl Bal 2 Fees 0 Ins Ins N/A 29.2% - 63.9% 29.2% - 63.9% 73
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