| Number borrowers | 135 |
| Loan Amount (range) | USD 4,500 - 30,600 |
| Loan Term (range) | 18 - 48 |
| Other Services (text summary) | |
| Annual Interest & Method | 15.0%-24.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| 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) | 24.1% - 24.2% |
| Transparency Index (min/max) | 52 - 94 |
| Transparency Index (average) | 62 |
| 3,045 |
| GHS 300 - 7,000 |
| 6 - 8 |
| Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services |
| 39.00%-52.00% annual, Flat |
| 2 fees |
| 0.50% upfront |
| None |
| 15.00%-20.00% upfront |
| 36.2% - 87.6% |
| 6.9% - 20.2% |
| 1.1% - 4.7% |
| 0 |
| 55.1% - 68.0% |
| 21 - 71 |
| 65 |
| Outstanding portfolio (USD) | USD 372,356.05 |
| Portfolio (USD) | USD 372,356.05 |
| Active Clients with Loans | 135 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0 |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 3 |
| Regions Active | Cochabamba , Potosí, Tarija |
| Outstanding portfolio (GHS) | GHS 654,472.04 |
| Portfolio (USD) | USD 332,219.31 |
| Active Clients with Loans | 3,045 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | x |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | Extention Services |
| 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 | x |
| Other | Must be resident in community near branch for at least on year |
| Other (2) |
| # Regions for this institution | 10 |
| # Regions for this product | 10 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
| Currency | USD |
| Minimum loan size | USD 4,500 |
| Maximum loan size | 30,600 |
| Loans less than USD 1,500 | 0 |
| USD 1,500-5,000 | 5% |
| USD 5,000-10,000 | 40% |
| USD 10,000-15,000 | 20% |
| USD 15,000-18,000 | 5% |
| Greater than USD 18,000 | 5% |
| Shortest loan term | 18.0 months |
| Longest loan term | 48.0 months |
| Approx average | 32.0 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 | 10% |
| Longer than 18 months | 90% |
| 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 | x |
| Currency | GHS |
| Minimum loan size | GHS 300 |
| Maximum loan size | 7,000 |
| Loans less than GHS 1,000 | 90% |
| GHS 1,000-5,000 | 10% |
| 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 | 8.0 months |
| Approx average | 7.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 80% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 5.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, 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 |
| 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 | 4.00% |
| Reason(s) why interest rate varies | Branch |
| Interest rate period | 4 Weeks |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application and Pass Book Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 2 | |
| Fixed amount - max | 0 | 4 | |
| Reason for variation | N/A | Fee varies based on geographic location of client. | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.50% |
| % of loan amount - max | 0.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Includes life cover only. Do not cover clients above age 64. |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%. |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 15.00% - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 10.00% |
| 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 5,500 | USD 12,000 | USD 21,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-31 | 2013-12-31 | 2013-12-31 | ||
| Loan Term (Months) | 19.0 months | 24.0 months | 49.0 months | ||
| Grace Period (Months) | -0.1 months | -0.1 months | -0.1 months | ||
| Total Cost of Credit | USD 1,157.21 | USD 3,217.47 | USD 11,981.05 | ||
| True Price by Comp | |||||
| Interest price component | 24.1% | 24.1% | 24.2% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 24.1% | 24.1% | 24.2% | ||
| Transparency Index | 62 | 62 | 62 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 700 | GHS 1,350 | GHS 2,700 | GHS 6,200 | ||||
| Loan Cycle (1, 2, 3, etc) | 4 | 4 | 3 | 4 | 2 | ||||
| Disbursement Date | 2012-09-28 | 2012-08-27 | 2012-06-08 | 2012-09-28 | 2012-10-31 | ||||
| Loan Term (Months) | 6.0 months | 5.8 months | 5.6 months | 6.0 months | 5.9 months | ||||
| Grace Period (Months) | 4.1 months | 3.9 months | 3.7 months | 4.1 months | 4.0 months | ||||
| Total Cost of Credit | GHS 67.50 | GHS 153.50 | GHS 293.25 | GHS 583.50 | GHS 1,522 | ||||
| True Price by Comp | |||||||||
| Interest price component | 36.2% | 37.6% | 41.2% | 36.2% | 44.7% | ||||
| Fee Component | 9.0% | 7.9% | 8.1% | 6.9% | 7.2% | ||||
| Insurance Component | 1.1% | 1.2% | 1.3% | 1.2% | 1.3% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 8.8% | 8.8% | 14.6% | 11.7% | 14.8% | ||||
| Full APR (int fee ins tax dep) | 55.1% | 55.5% | 65.2% | 56.0% | 68.0% | ||||
| Transparency Index | 71 | 70 | 60 | 70 | 57 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # 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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