| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2004 |
| Head of Institution | Akaare Emmanuel |
| Regions active | Northern Region |
| # Branches | 1 |
| Total Portfolio (nat'l) | GHS 64,800 |
| Total Portfolio (USD) | USD 32,893.40 |
| Active clients with loans | 145 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | CUA, GHAMFIN |
| Funders | SENDFINCO (SEND Ghana) |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | http://www.simbag.org/ |
| Year established | 1994 |
| Head of Institution | Remegia L. Balucio |
| Regions active | |
| # Branches | 18 |
| Total Portfolio (nat'l) | PhP 205,575,411 |
| Total Portfolio (USD) | USD 4,918,072.03 |
| Active clients with loans | 26,942 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | People's Credit and Fiannce Corporation |
| Funders | Manos Unidas |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | GHS 150 - 10,000 | 1 - 18 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Group Mtgs | |||||||
| Microfinance Loan | GHS 120 - 250 | 4 | 80% - 100% | 0% - 20% | Business | Women, must be in a group and in the community | Credit Educ, Group Mtgs |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balay Asenso | PHP 1,000 - 20,000 | 5 - 10 | 80% - 100% | 20% - 40% | Housing | Women, Men, Have business, Have home or land, Member for > 6 months, At least on the 2nd cycle of regular loan | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training | |||||||
| Productive Loan | PHP 1,000 - 150,000 | 2 - 10 | 80% - 100% | 20% - 40% | Business | Women, Men | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, Advocacy & scholarship program; Social Services, Spiritual & Formation Activities, Enterprise Development & Services, Calamity Relief Assistance | |||||||
| Sagip Asenso | PHP 1,000 - 10,000 | 5 | 80% - 100% | 20% - 40% | Business | Women, Men, Have business, Member for > 6 months, At least on the 2nd cycle of regular loan | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 36.00% annual, Decl Bal | 1 Fee | 1 Ins | None | 50.00% upfront | 38.1% - 40.2% | 162.3% - 175.1% | 21 | ||||||||
| Microfinance Loan | 30.00% annual, Flat | 1 Fee | 0 Ins | None | N/A- upfront | 60.9% - 63.6% | 63% - 69.5% | 45 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balay Asenso | 24.0% annual, Flat | 1 Fee | 2 Ins | None | 5.0% upfront 10.00 ongoing | 57.4% - 71.3% | 69.8% - 94.1% | 29 | ||||||||
| Productive Loan | 24.0% annual, Flat | 1 Fee | 2 Ins | None | 5.0% upfront 10.00 ongoing | 57.4% - 67.6% | 75.4% - 163.5% | 25 | ||||||||
| Sagip Asenso | 24.0% annual, Flat | 1 Fee | 2 Ins | None | 5.0% upfront 10.00 ongoing | 64.1% - 72.7% | 82.2% - 96% | 28 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business Loan | 36.00% annual, Decl Bal | 1 Fee | 1 Ins Ins | None | 50.00% upfront | 38.1% - 40.2% | 162.3% - 175.1% | 21 | ||||||||
| Microfinance Loan | 30.00% annual, Flat | 1 Fee | 0 Ins Ins | None | N/A- upfront | 60.9% - 63.6% | 63% - 69.5% | 45 |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balay Asenso | 24.0% annual, Flat | 1 Fee | 2 Ins Ins | None | 5.0% upfront 10.00 ongoing | 57.4% - 71.3% | 69.8% - 94.1% | 29 | ||||||||
| Productive Loan | 24.0% annual, Flat | 1 Fee | 2 Ins Ins | None | 5.0% upfront 10.00 ongoing | 57.4% - 67.6% | 75.4% - 163.5% | 25 | ||||||||
| Sagip Asenso | 24.0% annual, Flat | 1 Fee | 2 Ins Ins | None | 5.0% upfront 10.00 ongoing | 64.1% - 72.7% | 82.2% - 96% | 28 |
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