Number borrowers | 421 |
Loan Amount (range) | USD 200 - 50,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Ins, Tech Asst Visits |
Annual Interest & Method | 20.0%-28.0% annual, Decl Bal |
Fees | 1.00%-2.00% upfront |
Insurance | 0.24%-2.88% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 15.0% - 34.0% |
Fee Component | 0.9% - 5.5% |
Insurance Component | 0.9% - 1.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 24.4% - 30.3% |
Transparency Index (min/max) | 43 - 82 |
Transparency Index (average) | 72 |
845 |
GHS 50 - 20,000 |
3 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Other Training |
28.00% annual, Flat |
3.00% upfront |
None |
None |
50.00% upfront |
43.9% - 61.1% |
4.6% - 16.6% |
0 |
0 |
179.5% - 210.9% |
13 - 55 |
14 |
Outstanding portfolio (USD) | USD 3,259,094 |
Portfolio (USD) | USD 3,259,094 |
Active Clients with Loans | 421 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
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 | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 1,127,923 |
Portfolio (USD) | USD 572,549.75 |
Active Clients with Loans | 845 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
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 | Must have conttributed savings depsoit for at least 3 months. |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 50,000 |
Loans less than USD 1,500 | 5% |
USD 1,500-5,000 | 40% |
USD 5,000-10,000 | 20% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 19.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 15% |
Longer than 18 months | 60% |
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 | x |
Irregular payments | x |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 20,000 |
Loans less than GHS 1,000 | 10% |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 30% |
GHS 7,500-10,000 | 15% |
GHS 10,000-13,000 | 10% |
Greater than GHS 13,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
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 | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 2.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
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 | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Commitment 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? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 50.00% |
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 | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 5,000 | USD 10,000 | USD 15,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-03-06 | 2014-03-06 | 2014-04-01 | ||
Loan Term (Months) | 10.0 months | 15.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | USD 564.22 | USD 1,909.82 | USD 4,750 | ||
True Price by Comp | |||||
Interest price component | 20.0% | 25.0% | 27.6% | ||
Fee Component | 3.4% | 2.5% | 1.8% | ||
Insurance Component | 1.0% | 0.9% | 0.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 24.4% | 28.4% | 30.3% | ||
Transparency Index | 82 | 70 | 66 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,500 | GHS 3,000 | GHS 10,000 | GHS 15,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | 1 | Not Known | Not Known | |||
Disbursement Date | 2013-04-09 | 2013-01-24 | 2012-08-22 | 2013-02-12 | |||
Loan Term (Months) | 6.0 months | 8.0 months | 8.0 months | 10.0 months | |||
Grace Period (Months) | 0.0 months | 0.2 months | 0.3 months | -0.1 months | |||
Total Cost of Credit | GHS 255 | GHS 650 | GHS 2,166.72 | GHS 3,950 | |||
True Price by Comp | |||||||
Interest price component | 45.5% | 45.1% | 43.9% | 47.6% | |||
Fee Component | 10.8% | 8.3% | 8.0% | 7.2% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 154.6% | 137.0% | 127.6% | 138.0% | |||
Full APR (int fee ins tax dep) | 210.9% | 190.4% | 179.5% | 192.8% | |||
Transparency Index | 13 | 15 | 16 | 15 | |||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |