Number borrowers | 932 |
Loan Amount (range) | USD 50 - 150,000 |
Loan Term (range) | 37 - 180 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 10.0%-18.0% annual, Decl Bal |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 7.8% - 28.0% |
Fee Component | 0 |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 11.3% - 17.6% |
Transparency Index (min/max) | 52 - 101 |
Transparency Index (average) | 77 |
61 |
GHS 1,000 - 30,000 |
1 - 3 |
Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
60.00% annual, Flat |
3.00% upfront |
None |
None |
10.00% upfront |
63.1% - 91.9% |
0 - 19.1% |
0 |
0 |
101.7% - 126.1% |
48 - 59 |
52 |
Outstanding portfolio (USD) | USD 15,323,772.46 |
Portfolio (USD) | USD 15,323,772.46 |
Active Clients with Loans | 932 |
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 de vivienda, terreno, construcción |
Other (2) | Refacción, remodelación, ampliación, etc. |
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 | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 330,000 |
Portfolio (USD) | USD 167,512.69 |
Active Clients with Loans | 61 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
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 | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 150,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 5% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 30% |
USD 15,000-18,000 | 10% |
Greater than USD 18,000 | 10% |
Shortest loan term | 37.0 months |
Longest loan term | 180.0 months |
Approx average | 104.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 1,000 |
Maximum loan size | 30,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 15% |
GHS 10,000-13,000 | 15% |
Greater than GHS 13,000 | 15% |
Shortest loan term | 1.0 month |
Longest loan term | 3.0 months |
Approx average | 3.0 months |
Loans 3 months or less | 100% |
Between 4 and 6 months | 0 |
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 | 10.00% |
Highest quoted nominal interest | 18.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
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 | 5.00% |
Highest quoted nominal interest | 5.00% |
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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
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 | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 10,500 | USD 20,000 | USD 18,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-20 | 2013-04-20 | 2014-05-07 | ||
Loan Term (Months) | 49.0 months | 98.0 months | 121.0 months | ||
Grace Period (Months) | 0.6 months | 0.5 months | -1.0 months | ||
Total Cost of Credit | USD 2,812.32 | USD 5,098.36 | USD 20,227.41 | ||
True Price by Comp | |||||
Interest price component | 11.8% | 11.3% | 17.6% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 11.8% | 11.3% | 17.6% | ||
Transparency Index | 85 | 89 | 57 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,500 | GHS 2,700 | GHS 6,000 | GHS 10,000 | GHS 15,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-02-28 | 2013-02-25 | 2012-07-10 | 2013-01-23 | 2013-03-07 | ||||
Loan Term (Months) | 6.0 months | 4.0 months | 3.1 months | 3.0 months | 6.0 months | ||||
Grace Period (Months) | -0.1 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | GHS 405 | GHS 621 | GHS 1,080 | GHS 1,800 | GHS 4,050 | ||||
True Price by Comp | |||||||||
Interest price component | 77.3% | 91.9% | 83.8% | 86.1% | 75.3% | ||||
Fee Component | 11.4% | 15.7% | 18.5% | 19.1% | 11.0% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 16.0% | 18.5% | 16.6% | 17.0% | 15.4% | ||||
Full APR (int fee ins tax dep) | 104.7% | 126.1% | 118.9% | 122.2% | 101.7% | ||||
Transparency Index | 57 | 48 | 50 | 49 | 59 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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