Number borrowers | 44,495 |
Loan Amount (range) | BOB 480 - 3,485,000 |
Loan Term (range) | 1 - 303.4 |
Other Services (text summary) | Credit Ins, Business Training |
Annual Interest & Method | 8.5%-38.6% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 15.3% - 27.5% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0.0% - 0.9% |
Full APR (int fee ins tax dep) | 15.3% - 27.5% |
Transparency Index (min/max) | 16 - 83 |
Transparency Index (average) | 41 |
3,170 |
GHS 2,000 - 14,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
44.00% annual, Flat |
2 fees |
1.00% upfront |
None |
N/A |
57.4% - 70.9% |
0 - 12.2% |
3.5% - 3.9% |
0 |
86.0% - 86.2% |
51 - 59 |
51 |
Outstanding portfolio (BOB) | BOB 670,224,129.20 |
Portfolio (USD) | USD 99,292,463.59 |
Active Clients with Loans | 44,495 |
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 | x |
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 | |
Must be specific age group | |
Other | No ser parte del dirctorio ni ser ejecutivo del Ba |
Other (2) | Debe tener por lo menos 1 año de experiencia en el |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 765,867 |
Portfolio (USD) | USD 388,764.97 |
Active Clients with Loans | 3,170 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Central Region |
Currency | BOB |
Minimum loan size | BOB 480 |
Maximum loan size | 3,485,000 |
Shortest loan term | 1.0 month |
Longest loan term | 303.4 months |
Approx average | 0 |
Grace period usage | 10% |
Average grace period | DK |
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 2,000 |
Maximum loan size | 14,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 40% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 15% |
Greater than GHS 13,000 | 15% |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 8.52% |
Highest quoted nominal interest | 38.64% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
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? | No |
Lowest quoted nominal interest | 44.00% |
Highest quoted nominal interest | 44.00% |
Reason(s) why interest rate varies | N/A |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Loan Processing Fee | Application Form Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 2 | |
Fixed amount - max | 0 | 2 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 2,500 | BOB 7,000 | BOB 14,000 | BOB 26,200 | BOB 55,000 | BOB 80,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-06-25 | 2010-06-16 | 2010-06-16 | 2010-06-19 | 2010-06-16 | 2010-06-17 | |||||
Loan Term (Months) | 12.0 months | 24.0 months | 12.0 months | 28.0 months | 12.0 months | 24.0 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 | 22.3% | 17.2% | 24.3% | 23.2% | 27.5% | 15.3% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 22.3% | 17.2% | 24.3% | 23.2% | 27.5% | 15.3% | |||||
Transparency Index | 38 | 49 | 35 | 37 | 31 | 56 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 3,000 | GHS 6,500 | GHS 8,000 | GHS 12,000 | |||
Loan Cycle (1, 2, 3, etc) | 6 | 1 | 5 | 2 | |||
Disbursement Date | 2012-10-12 | 2012-12-05 | 2012-11-22 | 2012-12-12 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 782 | GHS 1,692 | GHS 2,082 | GHS 3,122 | |||
True Price by Comp | |||||||
Interest price component | 70.9% | 70.9% | 70.9% | 70.9% | |||
Fee Component | 11.5% | 11.3% | 11.3% | 11.3% | |||
Insurance Component | 3.8% | 3.9% | 3.8% | 3.8% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 86.2% | 86.1% | 86.0% | 86.0% | |||
Transparency Index | 51 | 51 | 51 | 51 | |||
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 |
---|---|---|---|---|---|---|---|
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By Inst Type | ||||||
By Country | ||||||
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