| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.cranmicrofinance.org |
| Year established | 1993 |
| Head of Institution | Dr. Patrick Agbesingale |
| Regions active | Central Region, Western Region, Volta Region |
| # Branches | 5 |
| Total Portfolio (nat'l) | GHS 2,008,192 |
| Total Portfolio (USD) | USD 1,019,386.80 |
| Active clients with loans | 3,613 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | GHAMFIN, ASSFIN, GAMC |
| Funders | CORDAID, TERA JANE, KIVA |
| Institution Type | Cooperative |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Safia Musah |
| Regions active | 0 |
| # Branches | 0 |
| Total Portfolio (nat'l) | GHS 154,883 |
| Total Portfolio (USD) | USD 103,255.33 |
| Active clients with loans | 743 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | CUA, GHAMFIN |
| Funders | SENDFINCO (SEND Ghana) |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loans | GHS 200 - 3,000 | 4 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Savings promotion | |||||||
| Individual Loan | GHS 200 - 10,000 | 6 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Credit Ins, Savings promotion |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | GHS 100 - 7,000 | 1 - 18 | 40% - 60% | 20% - 40% | ||||||||||
| Microfinance Loan | GHS 80 - 100 | 4 | 80% - 100% | 0% - 20% | ||||||||||
| Provident Loan | GHS 500 - 6,000 | 1 - 18 | 40% - 60% | 0% - 20% |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loans | 42.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 73.3% - 73.5% | 112.8% - 114% | 37 | ||||||||
| Individual Loan | 42.00% annual, Flat | 1 Fee | 1 Ins | None | 20.00% upfront | 72.3% - 73.5% | 106.1% - 112% | 37 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 36.00%-0.00% annual, Decl Bal | 0 Fees | 1 Ins | N/A | 31.8% - 36.5% | 37.7% - 48.1% | 83 | |||||||||
| Microfinance Loan | 33.00%-0.00% annual, Flat | 1 Fee | 0 Ins | N/A | 64.5% - 66% | 64.5% - 66% | 50 | |||||||||
| Provident Loan | 36.00%-0.00% annual, Decl Bal | 0 Fees | 2 Ins | N/A | 36.4% - 36.7% | 43% - 47% | 81 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loans | 42.00% annual, Flat | 1 Fee | 1 Ins Ins | None | 20.00% upfront | 73.3% - 73.5% | 112.8% - 114% | 37 | ||||||||
| Individual Loan | 42.00% annual, Flat | 1 Fee | 1 Ins Ins | None | 20.00% upfront | 72.3% - 73.5% | 106.1% - 112% | 37 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 36.00%-0.00% annual, Decl Bal | 0 Fees | 1 Ins Ins | N/A | 31.8% - 36.5% | 37.7% - 48.1% | 83 | |||||||||
| Microfinance Loan | 33.00%-0.00% annual, Flat | 1 Fee | 0 Ins Ins | N/A | 64.5% - 66% | 64.5% - 66% | 50 | |||||||||
| Provident Loan | 36.00%-0.00% annual, Decl Bal | 0 Fees | 2 Ins Ins | N/A | 36.4% - 36.7% | 43% - 47% | 81 |
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