Number borrowers | 63 |
Loan Amount (range) | USD 200 - 10,000 |
Loan Term (range) | 12 - 60 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 16.0%-25.0% 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) | 25.3% |
Transparency Index (min/max) | 59 - 97 |
Transparency Index (average) | 63 |
77 |
GHS 1,000 - 10,000 |
1 - 12 |
54.00%-96.00% annual, Flat |
2.00% upfront |
None |
None |
N/A |
108.6% - 138.7% |
7.5% - 12.7% |
0 |
0 |
116.1% - 146.2% |
37 - 47 |
39 |
Outstanding portfolio (USD) | USD 3,169,914 |
Portfolio (USD) | USD 3,169,914 |
Active Clients with Loans | 63 |
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 , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 230,000 |
Portfolio (USD) | USD 116,751.27 |
Active Clients with Loans | 77 |
Approximate % Female Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Greater Accra Region |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 10,000 |
Loans less than USD 1,500 | 40% |
USD 1,500-5,000 | 30% |
USD 5,000-10,000 | 30% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
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 | x |
Every 12 months | x |
Single end payment | x |
Irregular payments | x |
Currency | GHS |
Minimum loan size | GHS 1,000 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 40% |
GHS 7,500-10,000 | 40% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 15% |
Between 4 and 6 months | 70% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 16.00% |
Highest quoted nominal interest | 25.00% |
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 | 4.50% |
Highest quoted nominal interest | 8.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
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 | Administrative / Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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 | |
---|---|
Loan Amount | USD 2,000 |
Loan Cycle (1, 2, 3, etc) | Not Known |
Disbursement Date | 2013-04-15 |
Loan Term (Months) | 24.0 months |
Grace Period (Months) | 0 |
Total Cost of Credit | USD 527.54 |
True Price by Comp | |
Interest price component | 24.7% |
Fee Component | 0 |
Insurance Component | 0.6% |
Tax Component | 0 |
Deposit Component | 0 |
Full APR (int fee ins tax dep) | 25.3% |
Transparency Index | 63 |
Original Repayment Schedule | |
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,000 | GHS 3,000 | GHS 6,000 | GHS 10,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-12 | 2012-07-16 | 2012-10-11 | 2012-09-27 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 3.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.3 months | 0.0 months | |||
Total Cost of Credit | GHS 440 | GHS 1,140 | GHS 3,000 | GHS 2,600 | |||
True Price by Comp | |||||||
Interest price component | 126.6% | 108.6% | 138.7% | 132.1% | |||
Fee Component | 7.7% | 7.5% | 7.5% | 12.7% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 134.3% | 116.1% | 146.2% | 144.8% | |||
Transparency Index | 40 | 47 | 37 | 37 | |||
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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