Number borrowers | 11,250 |
Loan Amount (range) | BOB 500 - 15,000 |
Loan Term (range) | 1 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Other Training |
Annual Interest & Method | 27.0%-32.0% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | 10.0%-15.0% upfront 15.00% ongoing |
Range of pricing | |
Interest Price Component | 15.6% - 32.0% |
Fee Component | 0.5% - 4.2% |
Insurance Component | 0 - 0.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 41.6% - 55.9% |
Transparency Index (min/max) | 44 - 80 |
Transparency Index (average) | 56 |
1,068 |
GHS 50 - 2,000 |
3 - 6 |
Credit Educ, Other Training, Malaria prevention training |
45.00% annual, Flat |
2 fees |
2.00% ongoing |
None |
15.00% upfront |
76.2% - 80.5% |
10.2% - 10.8% |
9.4% - 9.9% |
0 |
124.3% - 133.3% |
34 - 36 |
35 |
Outstanding portfolio (BOB) | BOB 19,992,902 |
Portfolio (USD) | USD 2,961,911.41 |
Active Clients with Loans | 11,250 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
Credit insurance | x |
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 | Cada grupo deber estar compuesto por al menos 75% de mujeres |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 5 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 441,908.06 |
Portfolio (USD) | USD 231,365 |
Active Clients with Loans | 1,068 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Malaria prevention training |
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 | Maximum amount of men permitted in group - 20%. |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Central Region |
Currency | BOB |
Minimum loan size | BOB 500 |
Maximum loan size | 15,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 2,000 |
Loans less than GHS 1,000 | 70% |
GHS 1,000-5,000 | 30% |
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 | 3.0 months |
Longest loan term | 6.0 months |
Approx average | 4.0 months |
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 | 0.2 months |
Daily | |
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 | 27.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Purpose, Número de participante en cada grupo y por tipo de credito, beneficiando al sector productivo. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comision por Gastos Administrativos |
% 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? | No |
Required for | All |
Criteria | El depósito obligatorio antes del desembolso varía entre 10%-15% basado en el nivel de riesgo de cada agencia. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 15.00% |
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 |
Lowest quoted nominal interest | 45.00% |
Highest quoted nominal interest | 45.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment Fee |
% of loan amount - min | 0.75% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Group Fee |
% of loan amount - min | 0.75% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance 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? | 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 | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 5,000 | BOB 6,800 | BOB 8,000 | BOB 9,500 | BOB 11,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-09-13 | 2013-10-26 | 2013-10-26 | 2013-09-13 | 2013-10-26 | 2013-10-26 | |||||
Loan Term (Months) | 8.0 months | 11.0 months | 11.0 months | 8.0 months | 11.0 months | 11.0 months | |||||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||||
Total Cost of Credit | BOB 218.60 | BOB 969.57 | BOB 1,319.89 | BOB 1,748.80 | BOB 1,844.03 | BOB 2,134.22 | |||||
True Price by Comp | |||||||||||
Interest price component | 31.1% | 32.0% | 32.0% | 31.1% | 32.0% | 32.0% | |||||
Fee Component | 3.4% | 4.2% | 4.2% | 3.4% | 4.2% | 4.2% | |||||
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 | 9.7% | 19.7% | 13.6% | 7.1% | 13.6% | 13.6% | |||||
Full APR (int fee ins tax dep) | 44.2% | 55.9% | 49.8% | 41.6% | 49.8% | 49.8% | |||||
Transparency Index | 61 | 48 | 54 | 65 | 54 | 54 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 600 | GHS 1,600 | ||
Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | ||
Disbursement Date | 2012-11-08 | 2012-11-08 | 2012-12-18 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | GHS 57.90 | GHS 115.80 | GHS 308.80 | ||
True Price by Comp | |||||
Interest price component | 76.2% | 76.2% | 80.5% | ||
Fee Component | 10.2% | 10.2% | 10.8% | ||
Insurance Component | 9.4% | 9.4% | 9.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 28.5% | 28.5% | 32.1% | ||
Full APR (int fee ins tax dep) | 124.3% | 124.3% | 133.3% | ||
Transparency Index | 36 | 36 | 34 | ||
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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