- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
1st Valley Bank	38,900	48,291,000	3	151
AJDFI	13,100	884,000	6	151
ARDCI	44,600	9,403,000	1	151
ASA Philippines	333,400	29,282,000	1	151
ASHI	35,400	5,231,000	6	151
ASKI	60,000	15,247,000	4	151
Bangko Kabayan	8,900	2,373,000	2	151
BSEI	600	73,000	2	151
CBI	8,100	2,010,000	5	151
CCT	70,300	9,504,000	4	151
CEV	35,400	5,111,000	4	151
DSPI	59,300	3,676,000	3	151
ECLOF	5,400	1,836,000	4	151
FCB	12,000	2,392,000	2	151
FMB	2,700	710,000	2	151
GM Bank	23,500	1,553,000	3	151
HSPFI	19,100	1,899,000	2	151
JVOFI	1,300	281,000	1	151
Katipunan Bank	42,100	5,325,000	2	151
KDCI	20,500	2,095,000	3	151
KGI	32,300	3,421,000	4	151
KMBI	245,000	15,098,000	1	151
LTMPC	37,400	8,935,000	3	151
Mallig Plains	6,500	641,000	2	151
MILAMDEC	29,800	3,278,000	2	151
MWIMPC	11,800	1,740,000	4	150
NWTF	105,500	12,698,000	5	151
OFMPC	4,400	964,000	1	151
PBC	50,700	10,434,000	4	151
PCSD	700	167,000	1	151
PMPC	23,500	5,565,000	8	151
RB Angeles	900	1,502,000	2	151
RB Labason	500	289,000	1	151
RBLI	5,200	1,026,000	2	151
RBMI	11,900	1,750,000	2	151
RMB	100	173,000	1	151
RSPI	39,600	2,834,000	4	151
SAFRAGEMC	1,100	229,000	1	151
Salve	10,900	1,191,000	3	151
SEDP	27,000	3,914,000	3	151
TSKI	212,900	25,187,000	2	151
TSPI	264,500	31,290,000	7	151
Valient	1,700	672,000	2	151

Please note that the information you are viewing is 132 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: 132 months

Download Data

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Product

Salary Loans Product 3 of 9 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 599,243.77
Portfolio (USD)	USD 304,184.65
Active Clients with Loans	889
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
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 loan	x
Agriculture
Education	x
Other household finance	x
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits
Business training
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	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	6
# Regions for this product	6
Regions Active	Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	50,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	10%
GHS 1,000-5,000	50%
GHS 5,000-7,500	20%
GHS 7,500-10,000	5%
GHS 10,000-13,000	5%
Greater than GHS 13,000	5%

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	36.0 months
Approx average	36.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	5%
Between 4 and 6 months	5%
Between 7 and 9 months	10%
Between 10 and 12 months	40%
Between 13 and 18 months	20%
Longer than 18 months	20%

Grace Period

Grace period usage	0
Average grace period	0

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
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	19.00%
Highest quoted nominal interest	28.00%
Reason(s) why interest rate varies	Interest varies based on loan duration
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Commitment Fee
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/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 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

Salary Loans samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 350	GHS 600	GHS 1,500	GHS 3,000	GHS 8,500	GHS 16,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-04-19	2013-05-02	2013-05-14	2013-05-29	2013-04-10	2013-06-10
Loan Term (Months)	12.0 months	9.0 months	12.0 months	24.0 months	25.0 months	37.0 months
Grace Period (Months)	0.0 months	0.6 months	0.0 months	-0.4 months	0.7 months	0.2 months
Total Cost of Credit	GHS 100.96	GHS 124	GHS 450	GHS 1,308	GHS 3,717.92	GHS 9,412
True Price by Comp
Interest price component	45.4%	40.8%	47.1%	36.8%	33.5%	31.3%
Fee Component	4.0%	4.9%	4.0%	2.3%	2.1%	1.5%
Insurance Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	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 Index	38	42	37	49	53	58

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

Salary Loans 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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Salary Loans samples

Salary Loans Price Graphs

Total Borrowers of Samples

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