Sinapi Aba Trust - School Loans - MFTransparency.org Truth In Lending Tables

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Institution

Sinapi Aba Trust 22A Ellis Avenue Nhyiaeso, Near Capital Radio, KumasiPostal Office Box 4911, KumasiKUMASSI, ASHANTI REGION233

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 900,000
Portfolio (USD)	USD 600,000
Active Clients with Loans	250
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	40% - 60%

Methodology

Individual
Solidarity group
Village banking	x
Self help group
Other

Description

Offers holistic financial and non fiancial resources to help edupreneurs (private low income school preprietors) provide improve educational facilities and systems to rural and peri urban disadvanatges pupils for enhanced quality of education.\r

Loan Purpose

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

Included Services

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

Eligibility

Men	x
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
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	GHS 1,000
Maximum loan size	10,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	12.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	100%
Average grace period	1.5 months

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	20.00%
Highest quoted nominal interest	30.00%
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

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

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

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

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

School Loans samples

	Sample 1	Sample 2	Sample 3
Loan Amount	GHS 1,500.02	GHS 2,700	GHS 4,000
Loan Cycle (1, 2, 3, etc)
Disbursement Date
Loan Term (Months)	24.0 months	24.0 months	10.0 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	50.4%	57.2%	53.5%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	50.4%	57.2%	53.5%
Transparency Index	40	35	37

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

School Loans Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	109
KF	233,600	41,416,000	4	107
NRSP	399,900	70,157,000	3	109
ASA	230,400	29,637,000	3	109
TMFB	221,200	85,449,000	7	109
FMFB	163,544	38,481,323	9	127
TRDP	100,000	13,817,000	3	109
PRSP	75,656	9,907,176	3	127
BRAC^P	57,300	11,869,000	3	109
SRSO	51,100	7,775,000	3	109
SSF	46,000	4,776,000	3	109
FINCA	82,000	43,559,000	9	109
JWS	36,000	6,545,000	2	109
RCDS	35,552	4,856,122	4	127
DAMEN	35,185	7,150,864	1	127
FFO	22,400	3,335,000	3	109
OLP	21,400	3,510,000	3	109
CSC	17,600	3,147,000	1	109
AMRDO	13,800	1,206,000	5	109
WMBL	13,800	6,105,000	3	109
Mojaz	13,400	2,415,000	2	109
SDF	11,500	1,041,000	4	109
POMFB	8,500	2,795,000	4	109
OPD	7,500	918,000	2	109
AGAHE	7,300	797,000	2	109
NRDP	6,184	1,521,972	3	127
GBTI	6,100	669,000	3	127
WASIL	4,300	1,135,000	2	109
Micro Options	4,000	768,000	5	109
VDO	3,900	489,000	3	127
SVDP	3,900	811,000	13	127
SRDO	3,500	766,000	4	109
OSDI	2,000	923,000	3	109
APMBL	1,800	1,401,000	3	109
BEDF	1,400	209,000	3	127
KCDO	800	94,000	1	127

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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