Sendfingo
Small amount of loans (US$60) are disbursed to small holder farmers to cultivate maize, soya beans, cassava, yam millet, rice and cowpea.
Product Overview & Scale
- Fsp NameSendfingo
- Fsp ID178290
- As of Date3/28/19
- CurrencyUSD
- Product NameSmall Holder Farmers Production 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 Clients10%
- 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 describeLoans are disbursed according to the capacity of clients
- repayment structure is flexibleTRUE
- repayment structure is flexible if yes describeRepayments are for a period of three months after a grace period of six months. Within the period of three months clients are given the choice to settle their loans at once or spread it for the twelve weeks period.
- loan or product term covers growing seasonTRUE
- loan or product term covers growing season if yes describeIt is a production loan. Clients are supposed to cultivate , harvest and store for good prices before paying off their loans
- grace period offeredTRUE
- grace period offered if yes describeSix months grace period is offered to allow for harvest and storage for good prices.
- group or individual loanGroup
- 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 describeLoan terms and conditions are explained to clients at each disbursement session
- type of primary insurance productNone
- average deposit size300
- average transaction size50
- total transactions amount4,600
- 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 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 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 describeThis is mostly on loan management and credit management or cash flow management
- organization does quality checks on trainingsFALSE
- training cost5
- 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 describeTrainings are done at their meeting grounds
Measuring Impact
- regular measurement of farmer yields takes placeTRUE
- regular measurement of farmer yields takes place if yes describeBefore the start of their first loan cycle and after two years
- 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 describeEvery cycle thus nine months period
- using methodical process over time to measure changeFALSE
- what type of poverty measurement metric is usedlevel of income and consumption levels