Number borrowers | 39,818 |
Loan Amount (range) | BOB 200 - 560,000 |
Loan Term (range) | 3 - 96 |
Other Services (text summary) | Other Training |
Annual Interest & Method | 13.0%-24.0% annual, Decl Bal |
Fees | None |
Insurance | 0.05%-4.80% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 17.1% - 59.6% |
Fee Component | 0 |
Insurance Component | 0.6% - 2.2% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 17.7% - 24.7% |
Transparency Index (min/max) | 34 - 73 |
Transparency Index (average) | 62 |
2,211 |
GHS 500 - 1,000 |
4 - 6 |
Credit Ins |
36.0%-96.0% annual, Flat |
3.00% upfront |
None |
None |
10.0% upfront |
49.7% - 53.3% |
9.3% - 18.4% |
0 |
0 |
72.1% - 80.2% |
44 - 53 |
47 |
Outstanding portfolio (BOB) | BOB 511,525,255.70 |
Portfolio (USD) | USD 75,781,519.36 |
Active Clients with Loans | 39,818 |
Approximate % Female Clients | 20% - 40% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
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 | 8 |
# Regions for this product | 8 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 1,115,029 |
Portfolio (USD) | USD 566,004.57 |
Active Clients with Loans | 2,211 |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Greater Accra Region, Ashanti Region |
Currency | BOB |
Minimum loan size | BOB 200 |
Maximum loan size | 560,000 |
Loans less than BOB 10,000 | 15% |
BOB 10,000-40,000 | 50% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 5% |
Greater than BOB 125,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 96.0 months |
Approx average | 26.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 5% |
Longer than 18 months | 90% |
Grace period usage | 0 |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 500 |
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 | 4.0 months |
Longest loan term | 6.0 months |
Approx average | dk |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
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 | x |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 13.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Time as Client, Collateral, Loan Purpose, Ciclo de préstamo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de desgravamen y sepelio |
% of loan amount - min | 0.05% |
% of loan amount - max | 4.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | El costo es de 0.05% mensual, con cargo únicamente en la saldo principal del préstamo pendiente. |
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 | 3.00% |
Highest quoted nominal interest | 8.00% |
Reason(s) why interest rate varies | Client Risk |
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 | 3.00% |
% of loan amount - max | 3.00% |
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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 5,000 | BOB 14,000 | BOB 31,000 | BOB 50,000 | BOB 84,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-08-28 | 2013-09-30 | 2013-11-19 | 2013-11-29 | 2013-07-29 | ||||
Loan Term (Months) | 15.0 months | 31.0 months | 36.0 months | 61.0 months | 73.0 months | ||||
Grace Period (Months) | 0.4 months | 0.2 months | -0.2 months | 0.5 months | -0.3 months | ||||
Total Cost of Credit | BOB 643.90 | BOB 4,924.71 | BOB 10,809.34 | BOB 38,617.86 | BOB 52,992.80 | ||||
True Price by Comp | |||||||||
Interest price component | 18.1% | 23.7% | 20.1% | 24.1% | 17.1% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 18.7% | 24.3% | 20.7% | 24.7% | 17.7% | ||||
Transparency Index | 69 | 53 | 63 | 53 | 73 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 750 | GHS 800 | GHS 850 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-25 | 2013-03-02 | 2013-02-20 | ||
Loan Term (Months) | 5.0 months | 3.0 months | 5.0 months | ||
Grace Period (Months) | 1.5 months | 0.9 months | 1.3 months | ||
Total Cost of Credit | GHS 135.50 | GHS 96 | GHS 153.50 | ||
True Price by Comp | |||||
Interest price component | 51.1% | 51.0% | 53.3% | ||
Fee Component | 11.2% | 18.1% | 11.7% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 9.8% | 11.1% | 10.7% | ||
Full APR (int fee ins tax dep) | 72.1% | 80.2% | 75.7% | ||
Transparency Index | 50 | 45 | 48 | ||
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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