Number borrowers | 293 |
Loan Amount (range) | BOB 2,000 - 362,000 |
Loan Term (range) | 12 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 16.0%-27.0% annual, Decl Bal |
Fees | None |
Insurance | 0.60%-3.00% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 16.1% - 26.7% |
Fee Component | 0 - 1.0% |
Insurance Component | 0 - 1.1% |
Tax Component Range | 0 - 0.2% |
Full APR (int fee ins tax dep) | 17.1% - 27.3% |
Transparency Index (min/max) | 59 - 97 |
Transparency Index (average) | 71 |
170 |
GHS 1,500 - 5,000 |
4 - 8 |
Credit Educ, Tech Asst Visits, Business Training |
48.00% annual, Flat |
4.00% upfront |
None |
None |
15.00%-20.00% upfront |
77.3% - 114.4% |
11.4% - 48.3% |
0 |
0 |
157.9% - 182.6% |
23 - 35 |
28 |
Outstanding portfolio (BOB) | BOB 6,231,087 |
Portfolio (USD) | USD 923,124 |
Active Clients with Loans | 293 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
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 | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , PotosĂ, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 7,350 |
Portfolio (USD) | USD 3,730.96 |
Active Clients with Loans | 170 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Credit insurance | |
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 | |
Other | Must be a graduate from a small group loan |
Other (2) | Must provide guarantor |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Volta Region |
Currency | BOB |
Minimum loan size | BOB 2,000 |
Maximum loan size | 362,000 |
Loans less than BOB 10,000 | 30% |
BOB 10,000-40,000 | 30% |
BOB 40,000-70,000 | 15% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 5% |
Greater than BOB 125,000 | 5% |
Shortest loan term | 12.0 months |
Longest loan term | 60.0 months |
Approx average | 36.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 50% |
Grace period usage | 10% |
Average grace period | 1.0 month |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | x |
Single end payment | x |
Irregular payments | x |
Currency | GHS |
Minimum loan size | GHS 1,500 |
Maximum loan size | 5,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 100% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 8.0 months |
Approx average | 5.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 60% |
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 | x |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 27.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.60% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | El costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo. |
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 |
Lowest quoted nominal interest | 4.00% |
Highest quoted nominal interest | 4.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
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 | 15.00% - 20.00% |
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 | BOB 5,000 | BOB 14,000 | BOB 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-08-28 | 2013-07-08 | 2014-04-01 | ||
Loan Term (Months) | 12.0 months | 18.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 466.92 | BOB 2,992.97 | BOB 8,625.48 | ||
True Price by Comp | |||||
Interest price component | 16.1% | 25.7% | 26.7% | ||
Fee Component | 1.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 1.1% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 17.1% | 26.8% | 27.3% | ||
Transparency Index | 94 | 60 | 59 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,500 | GHS 1,500 | GHS 2,800 | GHS 2,900 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | 2 | 3 | 3 | |||
Disbursement Date | 2013-04-18 | 2012-12-26 | 2012-12-26 | 2012-12-26 | |||
Loan Term (Months) | 4.4 months | 3.5 months | 4.7 months | 5.6 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | GHS 436.20 | GHS 300 | GHS 683.14 | GHS 823.71 | |||
True Price by Comp | |||||||
Interest price component | 114.4% | 92.7% | 90.2% | 90.3% | |||
Fee Component | 21.6% | 26.2% | 20.5% | 17.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 46.6% | 55.7% | 52.0% | 50.0% | |||
Full APR (int fee ins tax dep) | 182.6% | 174.6% | 162.7% | 157.9% | |||
Transparency Index | 26 | 27 | 29 | 30 | |||
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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