Sendfingo
Small loans are disbursed to women who are into agricultural processing such as rice, groundnuts, sheanuts and soya beans as a group. Repayments are done weekly at group meeting grounds for a period of sixteen weeks thus a cycle.There is a grace period of one week.
Product Overview & Scale
- Fsp NameSendfingo
- Fsp ID178290
- As of Date3/28/19
- CurrencyUSD
- Product NameWomen Solidarity Loan Scheme
- CountryGhana
- Total Clients Bracket<50,000
- Product Clients Bracket<10,000
- Number of Product Clients1,500
- Percent of Total Clients that are Product Clients70%
- Average Loan Size Per Client50
- Average Loan Size Per Client50
Financial Structure & Pricing
- loan or product structure is flexibleTRUE
- loan or product structure is flexible if yes describeWeekly loan repayments are offered to enable clients repay their loans with ease
- repayment structure is flexibleTRUE
- repayment structure is flexible if yes describeA maximum of four months with weekly repayments as a group is provided
- loan or product term covers growing seasonFALSE
- grace period offeredTRUE
- grace period offered if yes describeOne week grace period.
- group or individual loanBoth
- apr30%
- average loan processing time days5
- is apr or other transparent pricing communicated to clientsTRUE
- is apr or other transparent pricing communicated to clients if yes describeAs part of loan terms and conditions which are read out at each disbursement session
- type of primary insurance productNone
- average deposit size2000
- average transaction size150
- total transactions amount10,000
- type of transactional productOther
- 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
- informal linkages exist between clients and buyers producersFALSE
- 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 cycleFALSE
- organization does quality checks on trainingsFALSE
- financial literacy training takes places yes noTRUE
- classroom theoretical training offered by administering partyFALSE
- 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 describeMeeting locations in the communities
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- regular measurement of farmer yields takes place if yes describeBefore the group is enrolled and after three cycles, i.e., two years later
- 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 describeThrough field visits and interview if clients
- using methodical process over time to measure changeFALSE
- what type of poverty measurement metric is usedIncome levels,