2. AgroCapital
Please note that the information you are viewing is 174 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. KRB
Please note that the information you are viewing is 142 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Fundación Agrocapital Calle Nataniel Aguirre No. S-669Cochabamba, Cercado5901
Data approved: 2010-10-28
Data version: 1
Age of data: 174 months

Institution

Kumanwuman Rural Bank Limited Head OfficeKumawuKumasi, AshantiP.O. Box 33
Data approved: 2013-03-05
Data version: 2
Age of data: 142 months
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Product

CRÉDITO DE CONSUMO (Asalariado) - USD Product 5 of 11 « Prev | Next »

Product

Salary Loan Product 2 of 3 « Prev | Next »

Product Summary

Number borrowers107
Loan Amount (range)USD 1,000 - 2,000
Loan Term (range)12 - 24
Other Services (text summary)Credit Ins
Annual Interest & Method22.5%-26.0% annual, Decl Bal
Fees5.00% upfront 5.00% ongoing
InsuranceNone
Tax15.00% Principal
Comp DepN/A
Range of pricing 
Interest Price ComponentN/A
Fee Component25.8% (Int+Fee)
Insurance Component0 - 0.6%
Tax Component Range0 - 0.4%
Full APR (int fee ins tax dep)26.0%
Transparency Index (min/max)0 - N/A
Transparency Index (average)87

Product Summary

1,756
GHS 200 - 6,000
6 - 18
Credit Educ, Group Mtgs, Credit Ins, Other Training
30.00% annual, Flat
3.00% upfront
None
None
N/A
 
43.9% - 61.1%
4.6% - 16.6%
0
0
54.2% - 77.7%
13 - 55
48

Product Details

Key Statistics
Outstanding portfolio (USD)USD 104,671.67
Portfolio (USD)USD 104,671.67
Active Clients with Loans107
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Todo crédito concedido a una persona natural, con el objeto de financiar la adquisición de bienes de consumo o el pago de servicios, amortizable en cuotas\rsucesivas y cuya fuente principal de pago es el salario de la persona.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherAntigàŒedad mínima de 1 año en trabajo. Buenos antecedentes personales y crediticios.
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 6,526,180
Portfolio (USD)USD 3,312,781.73
Active Clients with Loans1,756
Approximate % Female Clients20% - 40%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for salaried workers.
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveAshanti Region

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,000
Maximum loan size2,000
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term24.0 months
Approx average22.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 200
Maximum loan size6,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,00030%
GHS 1,000-5,00040%
GHS 5,000-7,50030%
GHS 7,500-10,0000
GHS 10,000-13,0000
Greater than GHS 13,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term18.0 months
Approx average12.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months40%
Between 10 and 12 months20%
Between 13 and 18 months30%
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period6.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest22.50%
Highest quoted nominal interest26.00%
Reason(s) why interest rate variesLoan Size, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionDesgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?Yes
Ongoing Fees
Fee 1
DescriptionDesgravamen
% of loan amount - min5.00%
% of loan amount - max5.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees0
All or some fees taxedN/A

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest30.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?Yes
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionCommitment Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

CRÉDITO DE CONSUMO (Asalariado) - USD samples
Sample 1
Loan AmountUSD 1,000
Loan Cycle (1, 2, 3, etc)Not Known
Disbursement Date2010-02-02
Loan Term (Months)24.0 months
Grace Period (Months)0
Total Cost of CreditNot Known
True Price by Comp 
Interest and Fee Component25.8%
Insurance Component0
Tax Component0.2%
Deposit Component0
Full APR (int fee ins tax dep)26.0%
Transparency Index87
  
Original Repayment SchedulePDF
MFT Pricing CalculationPDF

Full Pricing Data

Salary Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountGHS 350GHS 600GHS 1,500GHS 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-212013-03-122013-03-112013-04-12
Loan Term (Months)3.3 months12.0 months12.0 months18.0 months
Grace Period (Months)0.3 months-0.4 months-0.4 months-0.5 months
Total Cost of CreditGHS 52.50GHS 186GHS 465GHS 2,250.06
True Price by Comp       
Interest price component61.1%50.6%50.3%49.6%
Fee Component16.6%6.6%6.5%4.6%
Insurance Component0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)77.7%57.2%56.8%54.2%
Transparency Index39525355
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
CRÉDITO DE CONSUMO (Asalariado) - USD Price Graphs


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Key Statistics
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# 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
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