2. FASL
Please note that the information you are viewing is 134 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Coop San Miguel
Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Allied Savings and Loans Limited Box 5308OTB 662 Asomfo Road, AdumKumasi, Ashanti
Data approved: 2013-07-15
Data version: 1
Age of data: 134 months

Institution

San Miguel de los Bancos AV. 17 DE JULIO Y JAIME ROLDOSSAN MIGUEL DE LOS BANCOSPichincha
Data approved: 2011-02-09
Data version: 1
Age of data: 162 months

Product

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Product

Micro Juanita Individual Product 3 of 5 « Prev | Next »

Product Summary

Number borrowers889
Loan Amount (range)GHS 200 - 50,000
Loan Term (range)1 - 36
Other Services (text summary)Other Training
Annual Interest & Method19.0%-28.0% annual, Flat
Fees2.00% upfront
InsuranceNone
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component31.3% - 66.8%
Fee Component1.5% - 10.9%
Insurance Component0
Tax Component Range0
Full APR (int fee ins tax dep)32.8% - 51.1%
Transparency Index (min/max)27 - 76
Transparency Index (average)46

Product Summary

621
USD 250 - 17,000
4 - 56
Credit Ins
20.0%-26.9% annual, Decl Bal
None
6.00% ongoing
None
N/A
 
N/A
20.3% (Int+Fee)
0.7%
0
21.0%
0 - N/A
95

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 599,243.77
Portfolio (USD)USD 304,184.65
Active Clients with Loans889
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
This facility is targeted towards employees who receive their salaries through First Allied. Beneficiaries can access substantial loan amounts with monthly repayments, done through deductions from their salaries.
Loan Purpose
Any purpose
Income generation
Mortgage/housing
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
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 institution6
# Regions for this product6
Regions ActiveGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Product Details

Key Statistics
Outstanding portfolio (USD)USD 1,495,211.67
Portfolio (USD)USD 1,495,211.67
Active Clients with Loans621
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ES TODO CREDITO DESTINADO A FINANCIAR ACTIVIDADES PRODUCTIVAS YA ESTABLECIDAS MINIMO UN AÑO EN EL MERCADO, DE PEQUEÑA Y MEDIANA ESCALA EN LA INVERSIÓN DE CAPITAL DE TRABAJO PARA NEGOCIOS
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
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 worker
Must be specific age group
OtherDEPENDE DEL MONTO PRESENTA COPIAS DE UN BIEN INMUEBLE.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00010%
GHS 1,000-5,00050%
GHS 5,000-7,50020%
GHS 7,500-10,0005%
GHS 10,000-13,0005%
Greater than GHS 13,0005%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term36.0 months
Approx average36.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months5%
Between 7 and 9 months10%
Between 10 and 12 months40%
Between 13 and 18 months20%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size17,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term56.0 months
Approx average42.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
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 interest19.00%
Highest quoted nominal interest28.00%
Reason(s) why interest rate variesInterest varies based on loan duration
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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 forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Pricing Information

Interest
Lowest quoted nominal interest20.00%
Highest quoted nominal interest26.90%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSEGURO DESGRAVAMEN DE DOS CABEZAS SOBRE EL MONTO DEL CREDITO DISTRIBUIDO EN CADA CUOTA
% of loan amount - min6.00%
% of loan amount - max6.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
ESTE CREDITO CUENTA CON LA ASISTENCIA TECNICA DEL OFICIAL\rDE MICROCREDITO, EL DESEMBOLSO DEL DINERO SE REALIZA EN 48 HORAS MAXIMO LUEGO DE LA INSPECCIÓN REALIZADA.

Full Pricing Data

Salary Loans samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountGHS 350GHS 600GHS 1,500GHS 3,000GHS 8,500GHS 16,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-04-192013-05-022013-05-142013-05-292013-04-102013-06-10
Loan Term (Months)12.0 months9.0 months12.0 months24.0 months25.0 months37.0 months
Grace Period (Months)0.0 months0.6 months0.0 months-0.4 months0.7 months0.2 months
Total Cost of CreditGHS 100.96GHS 124GHS 450GHS 1,308GHS 3,717.92GHS 9,412
True Price by Comp           
Interest price component45.4%40.8%47.1%36.8%33.5%31.3%
Fee Component4.0%4.9%4.0%2.3%2.1%1.5%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)49.4%45.7%51.1%39.1%35.6%32.8%
Transparency Index384237495358
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Micro Juanita Individual samples
Sample 1
Loan AmountUSD 8,000
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2010-11-25
Loan Term (Months)35.0 months
Grace Period (Months)0
Total Cost of CreditNot Known
True Price by Comp 
Interest and Fee Component20.3%
Insurance Component0.7%
Tax Component0
Deposit Component0
Full APR (int fee ins tax dep)21.0%
Transparency Index95
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF
Salary Loans Price Graphs


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Micro Juanita Individual 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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