Bonzali Rural Bank
Agricultural loan with interest rate of 32%. The loan's duration is 8 months, enabling a two time repayment system with group solidarity, landed property or salary guarantors as security.
Product Overview & Scale
- Fsp NameBonzali Rural Bank
- Fsp ID102655
- As of Date3/29/19
- CurrencyUSD
- Product NameAGRIC LOAN
- CountryGhana
- Total Clients Bracket<50,000
- Product Clients Bracket<10,000
- Number of Product Clients550
- Percent of Total Clients that are Product Clients0.2
- Average Loan Size Per Client100
- Average Loan Size Per Client100
Financial Structure & Pricing
- loan or product structure is flexibleTRUE
- loan or product structure is flexible if yes describeDuration could vary depending on the farmer
- repayment structure is flexibleTRUE
- repayment structure is flexible if yes describeLooking at the cash flow of the customer
- loan or product term covers growing seasonTRUE
- loan or product term covers growing season if yes describePlanting to Harvesting
- grace period offeredTRUE
- grace period offered if yes describe6 months
- group or individual loanBoth
- apr32%
- average loan processing time days14
- if flat rate whyBank policy
- is apr or other transparent pricing communicated to clientsTRUE
- is apr or other transparent pricing communicated to clients if yes describeDiscussion between bank and clients before applications are submitted
- type of primary insurance productWeather- index based insurance
- total insurance coverage in the last 12 months for primary insurance product8923
- total pay outs to clients in last 12 months for primary insurance product9000
- average premium per client in last 12 months for primary insurance product45
- average deposit size50
- average transaction size100
- total transactions amount1,000
- type of transactional productCash collection
- annualized repayment rate of the product90- 95%
Value Chain Support
- inputs assets services are readily availableFALSE
- inputs assets services are available at time demanded by clientFALSE
- inputs assets services available within reasonable distance of clientFALSE
- inputs assets services are of good qualityFALSE
- type of inputs offeredN/A
- informal management services providedFALSE
- formal programs in place for post harvest managementFALSE
- if yes to above do over 50 of clients use service programFALSE
- informal linkages exist between clients and buyers producersFALSE
- formal linkages exist between clients and buyers producersTRUE
- guaranteed market opportunities exist for clientsTRUE
Training
- agricultural training available to clientsTRUE
- agricultural training available to clients if yes describeBy some NGOs
- agricultural training available to clients using formal curriculumFALSE
- multiple agricultural trainings delivered during product cycleFALSE
- organization does quality checks on trainingsFALSE
- training cost200
- financial literacy training takes places yes noTRUE
- classroom theoretical training offered by administering partyTRUE
- classroom theoretical training offered by administering party if yes describeTheoretical training offered
- training engages clients in participatory learning with additional materialsFALSE
- training is offered in a convenient location for clientsTRUE
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- regular measurement of farmer yields takes place if yes describeBy Ministry of agriculture
- formal measurement with strong control groupTRUE
- formal measurement with strong control group if yes describeBy ministry of agriculture
- rct or other academic quality work done to verify resultsTRUE
- rct or other academic quality work done to verify results if yes describeBy ministry of agriculture
- measurement of change to profit income or poverty reduction takes placeFALSE
- using methodical process over time to measure changeFALSE
- what type of poverty measurement metric is usedN/A