Number borrowers | 15,978 |
Loan Amount (range) | BOB 300 - 18,000 |
Loan Term (range) | 4 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 35.0% annual, Decl Bal |
Fees | None |
Insurance | 2.50 ongoing |
Tax | None |
Comp Dep | 10.00% ongoing |
Range of pricing | |
Interest Price Component | 18.1% - 35.1% |
Fee Component | 0 |
Insurance Component | 0 - 5.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 39.3% - 58.9% |
Transparency Index (min/max) | 56 - 89 |
Transparency Index (average) | 68 |
8,946 |
GHS 280 - 8,000 |
3 - 8 |
Credit Educ, Group Mtgs |
38.0% annual, Flat |
3.50% upfront |
1.00% ongoing |
None |
15.0%-20.0% upfront |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
96.6% - 124.1% |
31 - 88 |
35 |
Outstanding portfolio (BOB) | BOB 23,728,217.11 |
Portfolio (USD) | USD 3,515,291.42 |
Active Clients with Loans | 15,978 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | Los clientes nuevos no necesitan tener un negocio (suficiente con un plan de negocio) |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 8 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , PotosÃ, Santa Cruz, Tarija |
Outstanding portfolio (GHS) | GHS 11,558,085 |
Portfolio (USD) | USD 5,867,048.22 |
Active Clients with Loans | 8,946 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | |
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 | Must be a good group loan client. |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Currency | BOB |
Minimum loan size | BOB 300 |
Maximum loan size | 18,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
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 | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 280 |
Maximum loan size | 8,000 |
Loans less than GHS 1,000 | 20% |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 40% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 8.0 months |
Approx average | 5.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.5 months |
Daily | |
Weekly | x |
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 | 35.00% |
Highest quoted nominal interest | 35.00% |
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 | Paquete de Seguro Desgravamen y Vida |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 2.50 |
Fixed amount - max | 2.50 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | First cycle loans: 0% upfront deposit requirement. Multiple cycle loans - 20% upfront deposit requirement |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0 - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0.06% |
Maximum interest rate paid | 0.80% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 38.00% |
Highest quoted nominal interest | 38.00% |
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 | 3.50% |
% of loan amount - max | 3.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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 | 1% of total loan amount, divided and charged equally throughout loan term. |
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 | 15.00% - 20.00% |
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 | 0 |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 3,000 | BOB 5,000 | BOB 7,000 | BOB 9,000 | BOB 16,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | |||||
Loan Term (Months) | 7.0 months | 5.6 months | 7.0 months | 11.0 months | 5.6 months | 11.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | BOB 146 | BOB 307.32 | BOB 651.68 | BOB 1,328.64 | BOB 891.96 | BOB 2,999.96 | |||||
True Price by Comp | |||||||||||
Interest price component | 35.0% | 35.1% | 35.0% | 35.0% | 35.0% | 35.0% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 5.3% | 1.7% | 1.1% | 0.8% | 0.6% | 0.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 2.8% | 2.5% | 22.8% | 22.5% | 21.9% | 22.2% | |||||
Full APR (int fee ins tax dep) | 43.1% | 39.3% | 58.9% | 58.3% | 57.5% | 57.6% | |||||
Transparency Index | 81 | 89 | 59 | 60 | 61 | 61 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 400 | GHS 600 | GHS 1,500 | GHS 2,700 | GHS 5,800 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-11-30 | 2013-01-17 | 2013-01-07 | 2012-12-20 | 2013-01-22 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 8.0 months | 6.0 months | ||||
Grace Period (Months) | 0.4 months | 0.4 months | 0.5 months | 0.4 months | 0.6 months | ||||
Total Cost of Credit | GHS 97.56 | GHS 144.96 | GHS 366.30 | GHS 803.78 | GHS 1,401.72 | ||||
True Price by Comp | |||||||||
Interest price component | 65.0% | 65.0% | 56.1% | 57.4% | 61.7% | ||||
Fee Component | 16.6% | 15.6% | 12.0% | 9.7% | 12.8% | ||||
Insurance Component | 3.2% | 3.2% | 2.7% | 2.1% | 2.9% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 39.3% | 38.8% | 27.5% | 27.4% | 22.9% | ||||
Full APR (int fee ins tax dep) | 124.1% | 122.6% | 98.3% | 96.6% | 100.3% | ||||
Transparency Index | 31 | 31 | 39 | 39 | 38 | ||||
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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