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Global Impact Foundation FNGO

Loans given to clients in farming and farm services such as, Maize, Yam, Beans, Vegetables and other farm value chain products like chemicals and implements sale.

Product Overview & Scale

  • Fsp NameGlobal Impact Foundation FNGO
  • Fsp ID178291
  • As of Date5/28/19
  • CurrencyUSD
  • Product NameMicro enterprise loans
  • CountryGhana
  • Total Clients Bracket<50,000
  • Product Clients Bracket50,000- 100,000
  • Number of Product Clients560
  • Percent of Total Clients that are Product Clients20%
  • Average Loan Size Per Client300
  • Average Loan Size Per Client300

Financial Structure & Pricing

  • loan or product structure is flexibleTRUE
  • loan or product structure is flexible if yes describeLoan amount is tailored for specific requirements and based on needs of the smallholders
  • repayment structure is flexibleTRUE
  • repayment structure is flexible if yes describeRepayment period is stretched based on income frequency of the smallholder
  • loan or product term covers growing seasonTRUE
  • loan or product term covers growing season if yes describeLoan is based on yield of crop and profit yielding period
  • grace period offeredTRUE
  • grace period offered if yes describeTwo weeks
  • group or individual loanBoth
  • apr48%
  • average loan processing time days3
  • if flat rate whyFor fairness purposes
  • is apr or other transparent pricing communicated to clientsTRUE
  • is apr or other transparent pricing communicated to clients if yes describeProcessing and insurance fees and deposits are communicated
  • type of primary insurance productOther
  • total insurance coverage in the last 12 months for primary insurance product6500
  • average deposit size4000
  • average transaction size50
  • total transactions amount6,000
  • type of transactional productCash collection
  • annualized repayment rate of the product98- 100%

Value Chain Support

  • inputs assets services are readily availableFALSE
  • inputs assets services are available at time demanded by clientTRUE
  • inputs assets services are available at time demanded by client if yes describeWhen crop yield is due
  • inputs assets services available within reasonable distance of clientFALSE
  • inputs assets services are of good qualityFALSE
  • type of inputs offeredServices
  • informal management services providedTRUE
  • informal management services provided if yes describeHelp to raise market for products
  • formal programs in place for post harvest managementTRUE
  • formal programs in place for post harvest management if yes describeLoans for goods transporting
  • if yes to above do over 50 of clients use service programFALSE
  • informal linkages exist between clients and buyers producersTRUE
  • informal linkages exist between clients and buyers producers if yes describeSeeking other clients to purchase products
  • formal linkages exist between clients and buyers producersFALSE
  • guaranteed market opportunities exist for clientsFALSE
  • if yes to above do over 50 of clients use the service programFALSE

Training

  • agricultural training available to clientsFALSE
  • agricultural training available to clients using formal curriculumFALSE
  • multiple agricultural trainings delivered during product cycleTRUE
  • multiple agricultural trainings delivered during product cycle if yes describeClients are trained to prudent farm practices
  • organization does quality checks on trainingsTRUE
  • organization does quality checks on trainings if yes describeIntermittent checks on farm
  • training cost500
  • financial literacy training takes places yes noTRUE
  • classroom theoretical training offered by administering partyTRUE
  • classroom theoretical training offered by administering party if yes describeFarm management
  • training engages clients in participatory learning with additional materialsFALSE
  • training is offered in a convenient location for clientsTRUE
  • training is offered in a convenient location for clients if yes describeAt church premises or office premises

Measuring Impact

  • regular measurement of farmer yields takes placeFALSE
  • formal measurement with strong control groupFALSE
  • rct or other academic quality work done to verify resultsFALSE
  • measurement of change to profit income or poverty reduction takes placeTRUE
  • measurement of change to profit income or poverty reduction takes place if yes describeGrowth of business and the expansion
  • using methodical process over time to measure changeTRUE
  • using methodical process over time to measure change if yes describeComparing year by year income