Number borrowers | 218 |
Loan Amount (range) | BOB 1,500 - 8,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 30.0%-32.0% annual, Decl Bal |
Fees | None |
Insurance | 0.24%-0.96% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 19.8% - 36.7% |
Fee Component | 0 - 1.5% |
Insurance Component | 0 - 0.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 32.0% - 33.7% |
Transparency Index (min/max) | 52 - 94 |
Transparency Index (average) | 91 |
1,556 |
GHS 500 - 2,000 |
6 - 12 |
Credit Educ, Group Mtgs, Credit Ins |
36.00% annual, Flat |
5 upfront |
1.00% upfront |
None |
10.00% upfront |
58.2% - 68.4% |
0.9% - 6.0% |
2.1% - 4.2% |
0 |
73.9% - 85.0% |
41 - 49 |
46 |
Outstanding portfolio (BOB) | BOB 823,843 |
Portfolio (USD) | USD 122,050.81 |
Active Clients with Loans | 218 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Workplace visits | |
Business training | |
Other training | |
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 | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 1,638,834 |
Portfolio (USD) | USD 858,028 |
Active Clients with Loans | 1,556 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
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 | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have a business plan |
Other (2) |
# Regions for this institution | 4 |
# Regions for this product | 4 |
Regions Active | Greater Accra Region, Central Region, Western Region, Ashanti Region |
Currency | BOB |
Minimum loan size | BOB 1,500 |
Maximum loan size | 8,000 |
Loans less than BOB 10,000 | 100% |
BOB 10,000-40,000 | 0 |
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 | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 60% |
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 | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 500 |
Maximum loan size | 2,000 |
Loans less than GHS 1,000 | 80% |
GHS 1,000-5,000 | 20% |
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 | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 30.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose |
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 | El Cliente Seguro de Vida |
% of loan amount - min | 0.24% |
% of loan amount - max | 0.96% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo 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 | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Registration Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
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 | 10.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 4,000 | BOB 5,000 | BOB 8,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-11-16 | 2013-11-10 | 2013-12-09 | ||
Loan Term (Months) | 8.0 months | 12.0 months | 15.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 497.29 | BOB 953.53 | BOB 1,944.41 | ||
True Price by Comp | |||||
Interest price component | 31.5% | 32.7% | 33.3% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.5% | 0.4% | 0.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.0% | 33.1% | 33.7% | ||
Transparency Index | 94 | 91 | 89 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 1,100 | GHS 1,200 | GHS 1,400 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-12-10 | 2012-08-06 | 2013-03-25 | ||
Loan Term (Months) | 11.0 months | 12.0 months | 11.0 months | ||
Grace Period (Months) | 0.7 months | 0.5 months | 0.2 months | ||
Total Cost of Credit | GHS 401 | GHS 437 | GHS 509 | ||
True Price by Comp | |||||
Interest price component | 60.9% | 59.6% | 68.4% | ||
Fee Component | 1.0% | 0.9% | 0.9% | ||
Insurance Component | 2.2% | 2.1% | 2.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 11.3% | 11.3% | 13.3% | ||
Full APR (int fee ins tax dep) | 75.4% | 73.9% | 85.0% | ||
Transparency Index | 48 | 49 | 42 | ||
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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