2. FONCRESOL
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  2. Mail Finance
Please note that the information you are viewing is 141 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 Fondo de Crédito Solidario Calle Quintin Barrios Nº 768 (Plaza España - Sopocachi), MurilloLa Paz, Bolivia5603
Data approved: 2013-08-16
Data version: 2
Age of data: 131 months
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Institution

Mail Finance Head OfficeMadina, Accra, Greater AccraP.O. Box MD 320
Data approved: 2013-03-28
Data version: 2
Age of data: 141 months
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Product

Individual Product 2 of 3 « Prev | Next »

Product

Microfinance Loan Product 1 of 1 « Prev | Next »

Product Summary

Number borrowers466
Loan Amount (range)USD 100 - 15,000
Loan Term (range)6 - 60
Other Services (text summary)
Annual Interest & Method9.0%-18.0% annual, Decl Bal
FeesNone
Insurance0.32%-3.15% ongoing
TaxNone
Comp DepN/A
Range of pricing 
Interest Price Component18.1% - 24.0%
Fee Component0 - 0.7%
Insurance Component0 - 0.7%
Tax Component Range0
Full APR (int fee ins tax dep)18.7% - 18.9%
Transparency Index (min/max)48 - 79
Transparency Index (average)48

Product Summary

342
GHS 100 - 30,000
6 - 12
Credit Educ, Group Mtgs, Credit Ins
60.00% annual, Flat
1.50% upfront
1.00% upfront
None
5.00%-50.00% upfront
 
97.5% - 105.2%
5.8% - 8.5%
3.9% - 5.9%
0
194.6% - 373.8%
16 - 31
22

Product Details

Key Statistics
Outstanding portfolio (USD)USD 8,032,746.36
Portfolio (USD)USD 8,032,746.36
Active Clients with Loans466
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Otorgado a una persona natural con una determinada actividad.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loanx
Agriculturex
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution5
# Regions for this product5
Regions ActiveChuquisaca , Cochabamba , La Paz , Potosí, Tarija

Product Details

Key Statistics
Outstanding portfolio (GHS)GHS 568,292
Portfolio (USD)USD 288,473.10
Active Clients with Loans342
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for individuals with businesses.
Loan Purpose
Any purpose
Income generationx
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 training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
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 ActiveGreater Accra Region

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 100
Maximum loan size15,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50020%
USD 1,500-5,00060%
USD 5,000-10,00015%
USD 10,000-15,0005%
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term60.0 months
Approx average24.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months10%
Between 13 and 18 months10%
Longer than 18 months80%
Grace Period
Grace period usage10%
Average grace period1.0 month
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyGHS
Minimum loan sizeGHS 100
Maximum loan size30,000
Distribution at Disbursement (Est.)
Loans less than GHS 1,0000
GHS 1,000-5,00070%
GHS 5,000-7,5000
GHS 7,500-10,0000
GHS 10,000-13,00015%
Greater than GHS 13,00015%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term12.0 months
Approx average6.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months100%
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months0
Grace Period
Grace period usage100%
Average grace period1.0 month
Repayment Frequency
Dailyx
Weeklyx
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest9.00%
Highest quoted nominal interest18.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk, Collateral, Loan Purpose
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamen
% of loan amount - min0.32%
% of loan amount - max3.15%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationSe cobra mensualmente el 0.0525% sobre el saldo del capital
Appears on Repayment Sched?Yes
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

Pricing Information

Interest
Lowest quoted nominal interest5.00%
Highest quoted nominal interest5.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min1.50%
% of loan amount - max1.50%
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
Ins 1
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?No
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00% - 50.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Full Pricing Data

Individual samples
Sample 1Sample 2Sample 3
Loan AmountUSD 1,000USD 2,500USD 4,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-12-282013-12-122013-12-23
Loan Term (Months)12.0 months12.0 months49.0 months
Grace Period (Months)-0.1 months0.0 months-0.1 months
Total Cost of CreditUSD 104.04USD 263.51USD 1,722.69
True Price by Comp     
Interest price component18.2%18.2%18.1%
Fee Component0.7%0.0%0.0%
Insurance Component0.0%0.6%0.6%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)18.9%18.8%18.7%
Transparency Index484848
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF

Full Pricing Data

Microfinance Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5
Loan AmountGHS 300GHS 600GHS 1,500GHS 3,000GHS 8,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-202012-12-122013-01-112013-02-112012-11-28
Loan Term (Months)5.8 months6.0 months5.8 months4.0 months5.9 months
Grace Period (Months)0.2 months0.5 months0.2 months0.3 months0.3 months
Total Cost of CreditGHS 97.50GHS 195GHS 487.50GHS 675GHS 2,600
True Price by Comp         
Interest price component105.2%97.5%105.2%100.9%104.1%
Fee Component6.4%5.8%6.4%8.5%6.2%
Insurance Component4.2%3.9%4.2%5.9%4.2%
Tax Component0.0%0.0%0.0%0.0%0.0%
Deposit Component159.4%150.5%258.0%127.9%80.1%
Full APR (int fee ins tax dep)275.2%257.7%373.8%243.2%194.6%
Transparency Index2223162531
          
Original Repayment SchedulePDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDF
Individual Price Graphs


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Microfinance Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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X Axis
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