| Number borrowers | 173 |
| Loan Amount (range) | USD 15,001 - 25,000 |
| Loan Term (range) | 6 - 48 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 19.0%-21.0% annual, Decl Bal |
| Fees | None |
| Insurance | 0.36%-2.88% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 19.1% - 36.0% |
| Fee Component | 0 |
| Insurance Component | 0.6% - 0.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 20.8% - 21.8% |
| Transparency Index (min/max) | 52 - 95 |
| Transparency Index (average) | 89 |
| 1,239 |
| GHS 300 - 30,000 |
| 6 - 12 |
| Credit Educ, Business Training |
| 32.00% annual, Flat |
| 3.00% upfront |
| None |
| None |
| 33.33% upfront |
| 51.8% - 63.2% |
| 6.6% - 12.0% |
| 0 - 3.7% |
| 0 |
| 139.1% - 152.3% |
| 21 - 30 |
| 22 |
| Outstanding portfolio (USD) | USD 3,032,103.92 |
| Portfolio (USD) | USD 3,032,103.92 |
| Active Clients with Loans | 173 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni , Santa Cruz |
| Outstanding portfolio (GHS) | GHS 2,452,823.66 |
| Portfolio (USD) | USD 1,245,088.15 |
| Active Clients with Loans | 1,239 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Ashanti Region |
| Currency | USD |
| Minimum loan size | USD 15,001 |
| Maximum loan size | 25,000 |
| Loans less than USD 1,500 | 0 |
| USD 1,500-5,000 | 0 |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 20% |
| Greater than USD 18,000 | 20% |
| Shortest loan term | 6.0 months |
| Longest loan term | 48.0 months |
| Approx average | 41.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 70% |
| 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 | x |
| Every 12 months | x |
| Single end payment | |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 300 |
| Maximum loan size | 30,000 |
| Loans less than GHS 1,000 | 5% |
| GHS 1,000-5,000 | 50% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 10% |
| GHS 10,000-13,000 | 5% |
| Greater than GHS 13,000 | 5% |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| 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 | 19.00% |
| Highest quoted nominal interest | 21.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
| 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 | Pago del seguro de desgravamen |
| % of loan amount - min | 0.36% |
| % of loan amount - max | 2.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
| 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 | 32.00% |
| Highest quoted nominal interest | 32.00% |
| 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 | Processing Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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 | 33.33% |
| 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 | 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 17,000 | USD 18,000 | USD 20,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-10-01 | 2013-10-01 | 2013-10-01 | ||
| Loan Term (Months) | 13.0 months | 31.0 months | 37.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.0 months | ||
| Total Cost of Credit | USD 2,148.98 | USD 5,468.40 | USD 7,497.79 | ||
| True Price by Comp | |||||
| Interest price component | 20.1% | 20.1% | 21.1% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.7% | 0.7% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 20.8% | 20.8% | 21.8% | ||
| Transparency Index | 91 | 91 | 87 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 1,000 | GHS 1,600 | GHS 3,000 | GHS 7,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | 3 | 5 | ||||
| Disbursement Date | 2012-11-16 | 2013-03-01 | 2012-12-13 | 2013-02-20 | 2012-11-08 | ||||
| Loan Term (Months) | 6.0 months | 8.0 months | 12.0 months | 10.0 months | 12.0 months | ||||
| Grace Period (Months) | 0.2 months | -0.1 months | 0.0 months | -0.1 months | 0.0 months | ||||
| Total Cost of Credit | GHS 54.75 | GHS 251.04 | GHS 631 | GHS 905.32 | GHS 2,754 | ||||
| True Price by Comp | |||||||||
| Interest price component | 54.5% | 60.1% | 63.1% | 59.4% | 63.2% | ||||
| Fee Component | 12.0% | 9.6% | 6.6% | 8.0% | 6.7% | ||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Deposit Component | 79.5% | 82.6% | 69.4% | 75.4% | 69.7% | ||||
| Full APR (int fee ins tax dep) | 146.0% | 152.3% | 139.1% | 142.8% | 139.6% | ||||
| Transparency Index | 22 | 21 | 23 | 22 | 23 | ||||
| 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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