- MFTransparency.org Truth In Lending Tables

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AgroCapital	21,900	16,894,000	11	173
ANED	5,400	6,579,000	3	131
Banco FIE	231,100	569,322,000	6	131
BancoSol	215,300	861,418,000	30	131
CIDRE	8,500	126,578,000	8	131
Coop Fatima	6,300	44,280,000	7	173
CRECER	166,900	134,626,000	13	131
Diaconia	67,000	85,734,000	2	131
Ecofuturo	59,200	226,839,000	5	131
EMPRENDER	8,700	2,380,000	3	173
Fassil FFP	57,600	325,081,000	5	131
FONCRESOL	3,900	9,573,000	3	131
FONDECO	14,200	24,274,000	3	131
Fortaleza	20,100	164,530,000	13	131
FUBODE	29,400	24,444,000	7	131
FUNBODEM	8,600	15,798,000	9	131
IDEPRO	10,400	40,479,000	2	131
IMPRO	2,400	2,885,000	4	131
ProCredit	84,300	257,487,000	8	173
PRODEM	44,900	62,529,000	4	131
ProMujer BOL	115,200	50,753,000	3	131
Sartawi	14,600	26,842,000	8	131

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

Opportunity International Savings & Loans Ltd. No. D765/3 Kwame Nkrumah AvenueAccra, Greater AccraPO Box JT 323

Data approved: 2013-03-12

Data version: 2

Age of data: 141 months

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Product

Salary Loan Product 3 of 10 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 284,584
Portfolio (USD)	USD 144,458.88
Active Clients with Loans	273
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	100%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Family loan is designed to provide simple repayment schedule with no collateral for some loans, like Salary loan.

Loan Purpose

Any purpose	x
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# 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

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 270
Maximum loan size	15,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	60%
GHS 1,000-5,000	40%
GHS 5,000-7,500	0
GHS 7,500-10,000	0
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	24.0 months
Approx average	14.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	10%
Between 10 and 12 months	30%
Between 13 and 18 months	10%
Longer than 18 months	20%

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	24.00%
Highest quoted nominal interest	24.00%
Reason(s) why interest rate varies	Time as Client, Loan Size, Client Risk, Loan Purpose
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1	Fee 2
Description	Processing Fee	Application Fee
% of loan amount - min	3.50%	0
% of loan amount - max	3.50%	0
OR, Fixed amount - min	0	3
Fixed amount - max	0	3
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	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

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

N/A

Full Pricing Data

Salary Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 300	GHS 900	GHS 1,639.59	GHS 3,200	GHS 10,000	GHS 5,400
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-11-16	2012-10-10	2012-09-28	2012-06-14	2012-09-27	2012-10-24
Loan Term (Months)	12.0 months	24.0 months	12.0 months	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.4 months	0.0 months	0.0 months	0.0 months	0.0 months	0.2 months
Total Cost of Credit	GHS 90.66	GHS 475.50	GHS 470.27	GHS 1,683	GHS 5,272.92	GHS 2,820
True Price by Comp
Interest price component	39.7%	40.2%	41.1%	40.2%	40.4%	39.5%
Fee Component	8.6%	4.3%	7.4%	4.0%	4.0%	3.9%
Insurance Component	1.5%	1.2%	2.1%	1.2%	1.1%	1.2%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	49.8%	45.7%	50.6%	45.4%	45.5%	44.6%
Transparency Index	48	53	47	53	53	54

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Salary 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

	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 ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Salary Loan samples

Salary Loan Price Graphs

Total Borrowers of Samples

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