Number borrowers | 196 |
Loan Amount (range) | BOB 70,000 - 350,000 |
Loan Term (range) | 5 - 69 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 15.5% annual, Decl Bal |
Fees | None |
Insurance | 0.35% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 12.1% - 27.6% |
Fee Component | 0 |
Insurance Component | 0.2% - 2.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 16.0% - 20.0% |
Transparency Index (min/max) | 8 - 1062 |
Transparency Index (average) | 59 |
1,367 |
GHS 500 - 3,000 |
4 - 6 |
Credit Educ, Group Mtgs |
48.00% annual, Flat |
2 fees |
None |
None |
10.00% upfront |
51.3% - 85.2% |
6.0% - 24.9% |
0 |
0 |
123.7% - 127.3% |
37 - 56 |
38 |
Outstanding portfolio (BOB) | BOB 13,602,633 |
Portfolio (USD) | USD 2,015,204.89 |
Active Clients with Loans | 196 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 370,227 |
Portfolio (USD) | USD 187,932.49 |
Active Clients with Loans | 1,367 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | |
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, Central Region |
Currency | BOB |
Minimum loan size | BOB 70,000 |
Maximum loan size | 350,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 0 |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 5% |
BOB 100,000-125,000 | 20% |
Greater than BOB 125,000 | 20% |
Shortest loan term | 5.0 months |
Longest loan term | 69.0 months |
Approx average | 5.0 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 | 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 500 |
Maximum loan size | 3,000 |
Loans less than GHS 1,000 | 20% |
GHS 1,000-5,000 | 80% |
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 | 6.0 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 | 0.8 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.29% |
Highest quoted nominal interest | 1.29% |
Interest rate period | Monthly |
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 |
% of loan amount - min | 0.35% |
% of loan amount - max | 0.35% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.07% mensual que aplica al saldo del 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 | 48.00% |
Highest quoted nominal interest | 48.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Commitment Fee | Loan Form and Pass Book Fee | |
% of loan amount - min | 5.00% | 0 | |
% of loan amount - max | 5.00% | 0 | |
OR, Fixed amount - min | 0 | 7 | |
Fixed amount - max | 0 | 7 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | 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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 1.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 7.50% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 115,000 | BOB 120,000 | BOB 130,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-01-08 | 2014-01-08 | 2014-01-08 | ||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | ||
Grace Period (Months) | -1.0 months | -1.0 months | -1.0 months | ||
Total Cost of Credit | BOB 7,829.58 | BOB 8,500 | BOB 11,124.50 | ||
True Price by Comp | |||||
Interest price component | 15.2% | 15.3% | 17.9% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.8% | 1.4% | 2.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 16.0% | 16.7% | 20.0% | ||
Transparency Index | 8 | 93 | 78 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 600 | GHS 1,500 | GHS 1,200 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-13 | 2013-02-13 | 2013-02-13 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.4 months | 0.4 months | 0.4 months | ||
Total Cost of Credit | GHS 181 | GHS 442 | GHS 355 | ||
True Price by Comp | |||||
Interest price component | 81.1% | 81.1% | 81.1% | ||
Fee Component | 24.9% | 22.0% | 22.5% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 21.3% | 20.6% | 20.7% | ||
Full APR (int fee ins tax dep) | 127.3% | 123.7% | 124.3% | ||
Transparency Index | 38 | 39 | 39 | ||
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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