| Number borrowers | 1,183 |
| Loan Amount (range) | USD 500 - 150,000 |
| Loan Term (range) | 6 - 60 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 18.0%-27.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.30%-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) | 19.4% - 22.4% |
| Transparency Index (min/max) | 59 - 97 |
| Transparency Index (average) | 86 |
| 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 46,171,401 |
| Portfolio (USD) | USD 46,171,401 |
| Active Clients with Loans | 1,183 |
| Approximate % Female Clients | 60% - 80% |
| 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 | |
| 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 | x |
| 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 500 |
| Maximum loan size | 150,000 |
| Loans less than USD 1,500 | 30% |
| USD 1,500-5,000 | 20% |
| USD 5,000-10,000 | 20% |
| USD 10,000-15,000 | 10% |
| USD 15,000-18,000 | 10% |
| Greater than USD 18,000 | 10% |
| Shortest loan term | 6.0 months |
| Longest loan term | 60.0 months |
| Approx average | 48.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 50% |
| Grace period usage | 10% |
| Average grace period | 4.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| 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 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 | 18.00% |
| 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 | 0.30% |
| % 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 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 2,500 | USD 3,000 | USD 19,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-18 | 2013-10-10 | 2013-03-15 | ||
| Loan Term (Months) | 18.0 months | 37.0 months | 37.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 3.1 months | ||
| Total Cost of Credit | USD 418.32 | USD 1,043.74 | USD 6,609.16 | ||
| True Price by Comp | |||||
| Interest price component | 20.6% | 21.7% | 18.9% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.6% | 0.5% | 0.5% | ||
| Tax Component | 0.0% | 0.2% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 21.2% | 22.4% | 19.4% | ||
| Transparency Index | 85 | 80 | 93 | ||
| 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 | |
|---|---|
| # 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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