Outstanding portfolio (USD) | USD 5,152,482 |
Portfolio (USD) | USD 5,152,482 |
Active Clients with Loans | 315 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de Vivienda |
Other (2) | Construcción |
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 | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Currency | USD |
Minimum loan size | USD 5,000 |
Maximum loan size | 500,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 0 |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 20% |
USD 15,000-18,000 | 10% |
Greater than USD 18,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 120.0 months |
Approx average | 92.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments | x |
Lowest quoted nominal interest | 8.86% |
Highest quoted nominal interest | 26.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguro de Todo Riesgo | |
% of loan amount - min | 0.25% | 0 | |
% of loan amount - max | 9.96% | 0.80% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | Fee is 0.083%, charged each month on the outstanding loan principal only. | Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient. | |
Appears on Repayment Sched? | Yes | 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 2,000 | USD 11,000 | USD 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-10-15 | 2014-04-01 | 2014-04-01 | ||
Loan Term (Months) | 61.0 months | 49.0 months | 97.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | USD 685.36 | USD 6,080.91 | USD 12,777.57 | ||
True Price by Comp | |||||
Interest price component | 11.4% | 25.7% | 19.8% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 1.9% | 1.0% | 1.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 13.3% | 26.7% | 20.9% | ||
Transparency Index | 67 | 33 | 42 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1986 |
Head of Institution | Nantogma Issah Abdulai |
Regions active | |
# Branches | 6 |
Total Portfolio (nat'l) | GHS 927,856 |
Total Portfolio (USD) | USD 470,992.89 |
Active clients with loans | 8,970 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | ASSFIN, GHAMFIN |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | GHS 300 - 500 | 6 - 12 | 40% - 60% | 0% - 20% | Business, Farming | Women, Men, Must be in a group, must have a farm | Group Mtgs, Credit Ins, Other Training | |||||||
Agro-Processing Loan | GHS 100 - 2,100 | 6 - 12 | 80% - 100% | 0% - 20% | Business, for agro-processing activities | Women | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Trading Loan | GHS 100 - 1,200 | 12 | 80% - 100% | 20% - 40% | Business, petty trading | Women | Credit Educ, Group Mtgs, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Agriculture Loan | 20.00% annual, Flat | 0 Fees | 0 Ins | None | N/A | 29.8% - 30.1% | 29.8% - 30.1% | 66 | ||||||||
Agro-Processing Loan | 27.00%-30.00% annual, Flat | 2 Fees | 0 Ins | None | 10.00% upfront | 44.4% - 57.6% | 52.1% - 68.6% | 45 | ||||||||
Trading Loan | 27.00%-30.00% annual, Flat | 2 Fees | 0 Ins | None | N/A | 51.2% - 60.8% | 51.2% - 60.8% | 47 |
Key Statistics | |
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# Products | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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