| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.sekamtrustghana.org/ |
| Year established | 2008 |
| Head of Institution | Siegfried Kofi Gbadago |
| Regions active | Greater Accra Region |
| # Branches | 2 |
| Total Portfolio (nat'l) | GHS 271,000 |
| Total Portfolio (USD) | USD 137,563.45 |
| Active clients with loans | 621 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | GCSCA, ASSFIN |
| Funders | Intent Foundation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.finca.org/ |
| Year established | 1994 |
| Head of Institution | Ponsiano Ndyabahika |
| Regions active | Dedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Ntcheu, Ntchisi, SalimaKaronga, Mzimba, Nkhata Bay, Rumphi, Balaka, Blantyre, Chikwawa, Chiradzulu, MachingaMangochi, Mulanje, Mwanza, Nsanje |
| # Branches | 18 |
| Total Portfolio (nat'l) | MWK 1,463,320,000 |
| Total Portfolio (USD) | USD 3,752,102.56 |
| Active clients with loans | 29,927 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | MAMN, Council of Non-Governmental Organizations (CONGOMA) |
| Funders | FINCA International |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | GHS 500 - 3,000 | 2 - 12 | 60% - 80% | 60% - 80% | Business | Women, Men, Have business, Usually must have run a business for at least 3 years | Credit Ins | |||||||
| Group Loan | GHS 200 - 500 | 3 - 6 | 80% - 100% | 0% - 20% | Business, Housing, Education | Women, Men, Have business | Book keeping training |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Individual Business Loan | MWK 50,000 - 4,500,000 | 6 - 12 | 20% - 40% | 40% - 60% | Business | Women, Men, Have business | Credit Ins | |||||||
| Village Banking Loan | MWK 5,000 - 400,000 | 4 - 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Team work, etc. | |||||||
| Small Group Loan | MWK 40,000 - 500,000 | 6 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business | Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 60.00%-120.00% annual, Flat | 2 Fees | 1 Ins | None | 30.00% upfront | 124.5% - 151.3% | 230.8% - 268.3% | 23 | ||||||||
| Group Loan | 60.00%-96.00% annual, Flat | 2 Fees | 1 Ins | None | 20.00% upfront | 174% - 180% | 248.8% - 257.7% | 23 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Individual Business Loan | 60.00%-67.20% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 62.8% - 71.1% | 62.8% - 71.1% | 89 | ||||||||
| Village Banking Loan | 84.00%-90.00% annual, Decl Bal | 0 Fees | 1 Ins | None | 10.00% upfront | 83.5% - 96.1% | 99.9% - 118.1% | 78 | ||||||||
| Small Group Loan | 78.00% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 72% - 75.3% | 73.7% - 77.1% | 100 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 60.00%-120.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 30.00% upfront | 124.5% - 151.3% | 230.8% - 268.3% | 23 | ||||||||
| Group Loan | 60.00%-96.00% annual, Flat | 2 Fees | 1 Ins Ins | None | 20.00% upfront | 174% - 180% | 248.8% - 257.7% | 23 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Individual Business Loan | 60.00%-67.20% annual, Decl Bal | 1 Fee | 0 Ins Ins | None | N/A | 62.8% - 71.1% | 62.8% - 71.1% | 89 | ||||||||
| Village Banking Loan | 84.00%-90.00% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | 10.00% upfront | 83.5% - 96.1% | 99.9% - 118.1% | 78 | ||||||||
| Small Group Loan | 78.00% annual, Decl Bal | 0 Fees | 1 Ins Ins | None | N/A | 72% - 75.3% | 73.7% - 77.1% | 100 |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
