Number borrowers | 10,574 |
Loan Amount (range) | BOB 800 - 140,000 |
Loan Term (range) | 4 - 145 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 7.0%-36.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 17.2% - 30.5% (Int+Fee) |
Insurance Component | 0 |
Tax Component Range | 0.0% - 0.9% |
Full APR (int fee ins tax dep) | 17.2% - 30.5% |
Transparency Index (min/max) | 16 - 83 |
Transparency Index (average) | 31 |
698 |
GHS 600 - 10,000 |
1 - 6 |
Credit Educ, 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% - 86.9% |
51 - 59 |
50 |
Outstanding portfolio (BOB) | BOB 153,131,802.90 |
Portfolio (USD) | USD 22,686,193.02 |
Active Clients with Loans | 10,574 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra o construción de Vivienda |
Other (2) | Compra de Terreno |
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 | x |
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 360,271.35 |
Portfolio (USD) | USD 182,878.86 |
Active Clients with Loans | 698 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
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 800 |
Maximum loan size | 140,000 |
Shortest loan term | 4.0 months |
Longest loan term | 145.0 months |
Approx average | 34.0 months |
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 600 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 20% |
GHS 1,000-5,000 | 50% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 10% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 1.0 month |
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 | 7.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Loan Purpose |
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% |
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 2,800 | BOB 6,591.77 | BOB 15,000 | BOB 28,000 | BOB 56,600 | BOB 80,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2010-01-06 | 2010-05-19 | 2010-05-31 | 2010-05-07 | 2010-06-18 | 2010-06-11 | |||||
Loan Term (Months) | 12.0 months | 12.0 months | 9.0 months | 36.0 months | 24.0 months | 48.0 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 | 30.5% | 25.3% | 24.3% | 22.4% | 19.5% | 17.2% | |||||
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) | 30.5% | 25.3% | 24.3% | 22.4% | 19.5% | 17.2% | |||||
Transparency Index | 23 | 28 | 29 | 31 | 36 | 41 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 800 | GHS 1,500 | GHS 2,000 | GHS 5,000 | GHS 8,000 | ||||
Loan Cycle (1, 2, 3, etc) | 2 | 4 | 3 | 8 | 2 | ||||
Disbursement Date | 2012-12-10 | 2012-10-31 | 2012-12-17 | 2012-11-13 | 2012-11-28 | ||||
Loan Term (Months) | 6.0 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 | 0.0 months | ||||
Total Cost of Credit | GHS 210 | GHS 392 | GHS 522 | GHS 1,302 | GHS 2,082 | ||||
True Price by Comp | |||||||||
Interest price component | 70.9% | 70.9% | 70.9% | 70.9% | 70.9% | ||||
Fee Component | 12.2% | 11.7% | 11.6% | 11.4% | 11.3% | ||||
Insurance Component | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 86.9% | 86.4% | 86.3% | 86.1% | 86.0% | ||||
Transparency Index | 51 | 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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