Sekam Trust International - Business Loan - MFTransparency.org Truth In Lending Tables

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Institution

Sekam Trust International Tulaku, behind AmalBankPBM 16AF, Adenta FlatsTulaku, Ashaiman, Greater Accra233

Data approved: 2011-12-07

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 45,000
Portfolio (USD)	USD 30,000
Active Clients with Loans	32
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group
Village banking
Self help group
Other

Description

These are individual loans that are mostly for traders who want loans on their own and not in a group. After assessment of ability to pay, they are given the loans\r

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker
Must be specific age group
Other	should be in a business for at least 3 years
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	0
Maximum loan size	0

Loan Term and Grace Period

Shortest loan term	0
Longest loan term	0
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	0
Highest quoted nominal interest	0
Interest rate period
Interest Rate Calculation Method	0
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	N/A

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Application Fee
% of loan amount - min	2.00%	0
% of loan amount - max	2.00%	0
OR, Fixed amount - min	0	10
Fixed amount - max	0	10
Reason for variation
Appears on Repayment Sched?	No	No

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 for
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Business Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 1,000	GHS 1,500	GHS 3,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-01-22	2012-11-25	2013-02-15
Loan Term (Months)	5.6 months	10.0 months	2.0 months
Grace Period (Months)	0.0 months	0.0 months	0.0 months
Total Cost of Credit	Not Known	Not Known	Not Known
True Price by Comp
Interest and Fee Component	125.7%	122.4%	117.3%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	108.1%	86.7%	76.4%
Full APR (int fee ins tax dep)	233.8%	209.1%	193.8%
Transparency Index	N/A	N/A	N/A

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Business Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACLEDA	235,200	215,086,000	6	167
AMK	288,200	63,784,000	16	139
AMRET	299,500	149,542,000	8	139
Chamroeun	48,100	7,480,000	4	119
Farmer Finance	200	407,000	1	139
First Finance	500	5,819,000	1	139
HKL	73,400	93,842,000	3	139
KREDIT	61,800	59,319,000	9	139
Maxima	2,900	3,179,000	3	139
PRASAC	138,500	251,931,000	9	139
Seilanithih	15,200	7,516,000	5	139
SPN	35,100	29,828,000	6	139
TPC	120,000	45,931,000	13	139
VF Cambodia	148,600	48,984,000	18	139

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

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Total Borrrowers of Samples


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By Country

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