| Number borrowers | 203 |
| Loan Amount (range) | USD 1,200 - 68,000 |
| Loan Term (range) | 12 - 84 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 17.0%-25.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.60%-4.20% 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) | 18.6% - 20.3% |
| Transparency Index (min/max) | 59 - 97 |
| Transparency Index (average) | 87 |
| 5,687 |
| GHS 50 - 1,000 |
| 9 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
| 38.04% annual, Flat |
| 2 upfront |
| None |
| None |
| 20.00% upfront |
| 37.8% - 50.5% |
| 0.4% - 5.8% |
| 0 |
| 0 |
| 47.5% - 48.1% |
| 47 - 80 |
| 79 |
| Outstanding portfolio (USD) | USD 8,446,409 |
| Portfolio (USD) | USD 8,446,409 |
| Active Clients with Loans | 203 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| 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 590,520 |
| Portfolio (USD) | USD 299,756.35 |
| Active Clients with Loans | 5,687 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| 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 | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | 3 |
| # Regions for this product | 3 |
| Regions Active | Northern Region, Upper East Region, Upper West Region |
| Currency | USD |
| Minimum loan size | USD 1,200 |
| Maximum loan size | 68,000 |
| Loans less than USD 1,500 | 15% |
| USD 1,500-5,000 | 20% |
| USD 5,000-10,000 | 20% |
| USD 10,000-15,000 | 15% |
| USD 15,000-18,000 | 15% |
| Greater than USD 18,000 | 15% |
| Shortest loan term | 12.0 months |
| Longest loan term | 84.0 months |
| Approx average | 55.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 60% |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| 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 |
| Currency | GHS |
| Minimum loan size | GHS 50 |
| Maximum loan size | 1,000 |
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| 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 | 9.0 months |
| Longest loan term | 9.0 months |
| Approx average | 9.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 100% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 6.0 months |
| 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 | 17.00% |
| 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 | 4.20% |
| 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 | 3.17% |
| Highest quoted nominal interest | 3.17% |
| 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 | Membership dues |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 2 |
| Fixed amount - max | 2 |
| Reason for variation | 1st cycle loans=4 GHS. Multiple cycle loans= 2 GHS |
| 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 | 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 | ||
|---|---|---|---|
| Loan Amount | USD 8,500 | USD 10,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2013-04-15 | 2013-03-20 | |
| Loan Term (Months) | 73.0 months | 61.0 months | |
| Grace Period (Months) | 0.0 months | 0.1 months | |
| Total Cost of Credit | USD 5,259.59 | USD 4,999.78 | |
| True Price by Comp | |||
| Interest price component | 19.7% | 18.1% | |
| Fee Component | 0.0% | 0.0% | |
| Insurance Component | 0.6% | 0.5% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 20.3% | 18.6% | |
| Transparency Index | 84 | 91 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 345 | GHS 650 | GHS 675 | GHS 750 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-10-25 | 2012-10-25 | 2012-10-25 | 2012-10-25 | |||
| Loan Term (Months) | 9.0 months | 9.0 months | 9.0 months | 9.0 months | |||
| Grace Period (Months) | 6.1 months | 6.1 months | 6.1 months | 6.1 months | |||
| Total Cost of Credit | GHS 100.32 | GHS 187.25 | GHS 194.37 | GHS 215.75 | |||
| True Price by Comp | |||||||
| Interest price component | 37.8% | 37.8% | 37.8% | 37.8% | |||
| Fee Component | 0.9% | 0.5% | 0.4% | 0.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 9.4% | 9.3% | 9.4% | 9.3% | |||
| Full APR (int fee ins tax dep) | 48.1% | 47.6% | 47.6% | 47.5% | |||
| Transparency Index | 79 | 80 | 80 | 80 | |||
| 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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