Number borrowers | 374 |
Loan Amount (range) | USD 100 - 125,000 |
Loan Term (range) | 1.3 - 45.3 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 5.0%-22.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | 15.00% Principal |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 7.1% - 14.8% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0.0% - 0.9% |
Full APR (int fee ins tax dep) | 7.9% - 14.7% |
Transparency Index (min/max) | 16 - 83 |
Transparency Index (average) | 53 |
1,211 |
GHS 3,000 - 8,000 |
6 - 10 |
Credit Ins, Tech Asst Visits |
36.0%-96.0% annual, Flat |
3.00% upfront |
None |
None |
10.0% upfront |
49.7% - 53.3% |
9.3% - 18.4% |
0 |
0 |
74.9% - 78.8% |
44 - 53 |
47 |
Outstanding portfolio (USD) | USD 846,867 |
Portfolio (USD) | USD 846,867 |
Active Clients with Loans | 374 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 2,110,130 |
Portfolio (USD) | USD 1,071,131.98 |
Active Clients with Loans | 1,211 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Ashanti Region |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 125,000 |
Shortest loan term | 1.3 months |
Longest loan term | 45.3 months |
Approx average | 16.8 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | GHS |
Minimum loan size | GHS 3,000 |
Maximum loan size | 8,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 60% |
GHS 7,500-10,000 | 10% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 10.0 months |
Approx average | dk |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 70% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 5.04% |
Highest quoted nominal interest | 21.96% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 8.00% |
Reason(s) why interest rate varies | Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 400 | USD 1,100 | USD 2,000 | USD 4,000 | USD 7,900 | USD 12,500 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-18 | 2010-06-23 | 2010-06-22 | 2010-05-26 | 2010-06-09 | 2010-05-20 | |||||
Loan Term (Months) | 4.0 months | 18.0 months | 4.0 months | 6.0 months | 2.0 months | 11.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
True Price by Comp | |||||||||||
Interest and Fee Component | 7.2% | 8.0% | 12.2% | 8.2% | 7.1% | 14.8% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.7% | 0.2% | 0.5% | 0.3% | 0.8% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 8.0% | 8.2% | 12.7% | 8.5% | 7.9% | 14.7% | |||||
Transparency Index | 63 | 61 | 40 | 60 | 64 | 34 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 3,000 | GHS 3,200 | GHS 6,500 | GHS 6,600 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-01-03 | 2013-01-15 | 2013-01-07 | 2013-03-04 | |||
Loan Term (Months) | 4.0 months | 4.0 months | 3.0 months | 4.0 months | |||
Grace Period (Months) | 1.2 months | 1.2 months | 0.9 months | 1.0 month | |||
Total Cost of Credit | GHS 450 | GHS 480 | GHS 780 | GHS 990 | |||
True Price by Comp | |||||||
Interest price component | 51.0% | 51.0% | 50.1% | 50.7% | |||
Fee Component | 13.9% | 13.9% | 17.9% | 13.8% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 10.4% | 10.4% | 10.8% | 10.4% | |||
Full APR (int fee ins tax dep) | 75.3% | 75.3% | 78.8% | 74.9% | |||
Transparency Index | 48 | 48 | 46 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# Samples: | |
# Products | |
# Institutions | |
# Countries | |
# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |