| Number borrowers | 458 |
| Loan Amount (range) | USD 1,001 - 15,000 |
| Loan Term (range) | 60 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits |
| Annual Interest & Method | 16.0% annual, Decl Bal |
| Fees | 6.00% ongoing |
| Insurance | None |
| Tax | 3.00 fixed |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 16.9% - 17.0% (Int+Fee) |
| Insurance Component | 0 - 0.8% |
| Tax Component Range | 0.3% - 6.6% |
| Full APR (int fee ins tax dep) | 17.3% - 17.4% |
| Transparency Index (min/max) | 58 - 92 |
| Transparency Index (average) | 92 |
| 102 |
| GHS 400 - 15,000 |
| 4 - 24 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health Education, Technology Management |
| 48.00% annual, Flat |
| 4.00% upfront |
| None |
| None |
| 15.00%-30.00% upfront |
| 77.3% - 114.4% |
| 11.4% - 48.3% |
| 0 |
| 0 |
| 137.1% - 163.9% |
| 23 - 35 |
| 32 |
| Outstanding portfolio (USD) | USD 3,464,515 |
| Portfolio (USD) | USD 3,464,515 |
| Active Clients with Loans | 458 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| 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 | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 77,200 |
| Portfolio (USD) | USD 39,187.82 |
| Active Clients with Loans | 102 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Used for agricultural purposes |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Health Education |
| Other (2) | Technology Management |
| 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 own a farm or animals, fish, etc. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Volta Region |
| Currency | USD |
| Minimum loan size | USD 1,001 |
| Maximum loan size | 15,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 60.0 months |
| Approx average | 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 |
| Currency | GHS |
| Minimum loan size | GHS 400 |
| Maximum loan size | 15,000 |
| Loans less than GHS 1,000 | 40% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 10% |
| GHS 7,500-10,000 | 15% |
| GHS 10,000-13,000 | 5% |
| Greater than GHS 13,000 | 5% |
| Shortest loan term | 4.0 months |
| Longest loan term | 24.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| 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 | 16.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Vida |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| 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? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| 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? | No |
| 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% - 30.00% |
| 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 12,000 | USD 15,000 | USD 15,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-09-21 | 2010-08-12 | 2010-09-21 | ||
| Loan Term (Months) | 60.0 months | 60.0 months | 60.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 16.9% | 17.0% | 16.9% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.5% | 0.4% | 0.4% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 17.4% | 17.4% | 17.3% | ||
| Transparency Index | 92 | 92 | 92 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 5,500 | GHS 6,000 | GHS 14,500 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 3 | 3 | 3 | |||||
| Disbursement Date | 2013-01-28 | 2012-12-28 | 2012-12-27 | 2013-04-16 | 2013-01-24 | 2013-04-16 | |||||
| Loan Term (Months) | 3.0 months | 6.0 months | 4.7 months | 5.4 months | 5.6 months | 9.0 months | |||||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | 0.2 months | 0.5 months | 0.2 months | |||||
| Total Cost of Credit | GHS 128 | GHS 408 | GHS 732 | GHS 1,562 | GHS 1,704.10 | GHS 6,496.30 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 79.8% | 77.3% | 85.9% | 93.9% | 86.6% | 89.7% | |||||
| Fee Component | 29.3% | 15.7% | 19.4% | 18.2% | 16.7% | 11.4% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 35.0% | 44.1% | 46.5% | 51.8% | 39.3% | 43.5% | |||||
| Full APR (int fee ins tax dep) | 144.1% | 137.1% | 151.8% | 163.9% | 142.6% | 144.6% | |||||
| Transparency Index | 33 | 35 | 32 | 29 | 34 | 33 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
