VisionFund Ghana Micro Credit Limited

Agriculture loan is offered to farmers for cultivation of food crops, animal husbandry, purchase seeds and farming inputs.

Product Overview & Scale

  • Fsp NameVisionFund Ghana Micro Credit Limited
  • Fsp ID101883
  • As of Date8/31/18
  • CurrencyUSD
  • Product NameAgriculture Loan
  • CountryGhana
  • Total Clients Bracket<50,000
  • Product Clients Bracket<10,000
  • Number of Product Clients1,944
  • Percent of Total Clients that are Product Clients5%
  • Average Loan Size Per Client260
  • Average Loan Size Per Client260

Financial Structure & Pricing

  • loan or product structure is flexibleTRUE
  • loan or product structure is flexible if yes describeLoan term is influenced by type of crop production
  • repayment structure is flexibleTRUE
  • repayment structure is flexible if yes describeGestation period allowed, so repayment starts after harvesting and sales
  • loan or product term covers growing seasonTRUE
  • loan or product term covers growing season if yes describeGestation period allowed until crop is ready for the market
  • grace period offeredTRUE
  • grace period offered if yes describeUp until harvesting commences, no loan repayment is scheduled
  • group or individual loanBoth
  • apr80%
  • is apr or other transparent pricing communicated to clientsTRUE
  • is apr or other transparent pricing communicated to clients if yes describeTotal cost is explained to clients and they are allowed to make the decision whether to sign for a loan or not
  • type of primary insurance productLife/funeral insurance
  • average premium per client in last 12 months for primary insurance product0.8
  • 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
  • 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 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 materialsTRUE
  • training engages clients in participatory learning with additional materials if yes describeFacilitator leads with introducing the subject and get participants to deliver with their experiences and know how, after which facilitator summarizes
  • training is offered in a convenient location for clientsTRUE
  • training is offered in a convenient location for clients if yes describeCommunity and meeting places

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 describePoverty measurement and movement
  • using methodical process over time to measure changeTRUE
  • using methodical process over time to measure change if yes describePoverty Probability Index
  • what type of poverty measurement metric is usedPPI