| Number borrowers | 404 |
| Loan Amount (range) | USD 150 - 5,000 |
| Loan Term (range) | 3 - 48 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.6%-30.0% annual, Decl Bal |
| Fees | 0.20-2.90 upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.7% - 37.1% |
| Fee Component | 0 - 1.6% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 21.8% - 31.7% |
| Transparency Index (min/max) | 68 - 99 |
| Transparency Index (average) | 87 |
| 365 |
| GHS 200 - 500 |
| 3 - 6 |
| Book keeping training |
| 60.00%-96.00% annual, Flat |
| 2 fees |
| 1.20% upfront |
| None |
| 20.00% upfront |
| 110.7% - 154.0% |
| 9.8% - 26.0% |
| 5.1% - 6.4% |
| 0 |
| 248.8% - 257.7% |
| 22 - 26 |
| 23 |
| Outstanding portfolio (USD) | USD 577,938 |
| Portfolio (USD) | USD 577,938 |
| Active Clients with Loans | 404 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 | 13 |
| # Regions for this product | 6 |
| Regions Active | Battambang, Kampong Cham, Kandal, Phnom Penh, Svay Rieng, Takéo |
| Outstanding portfolio (GHS) | GHS 146,000 |
| Portfolio (USD) | USD 74,111.68 |
| Active Clients with Loans | 365 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Book keeping training |
| 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 | Greater Accra Region |
| Currency | USD |
| Minimum loan size | USD 150 |
| Maximum loan size | 5,000 |
| Loans less than USD 250 | 5% |
| USD 250-1,000 | 30% |
| USD 1,000-1,500 | 20% |
| USD 1,500-2,000 | 20% |
| USD 2,000-2,500 | 5% |
| Greater than USD 2,500 | 5% |
| Shortest loan term | 3.0 months |
| Longest loan term | 48.0 months |
| Approx average | 29.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 80% |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | GHS 500 |
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 4.0 months |
| Loans 3 months or less | 40% |
| Between 4 and 6 months | 60% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.8 months |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 2.50% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Credit Bureau Cambodia - CBC fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 0.20 |
| Fixed amount - max | 2.90 |
| Reason for variation | Charge 800KHR/0.19USD for loan size <2,000,000 KHR/482USD. Charge 12,000 KHR/2.9USD for > 2,000,000 KHR |
| 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 | 5.00% |
| Highest quoted nominal interest | 8.00% |
| Reason(s) why interest rate varies | Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Registration Fee | |
| % of loan amount - min | 2.00% | 0 | |
| % of loan amount - max | 2.00% | 0 | |
| OR, Fixed amount - min | 0 | 10 | |
| Fixed amount - max | 0 | 10 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.20% |
| % of loan amount - max | 1.20% |
| 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 | 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 | 10.50% |
| Maximum interest rate paid | 10.50% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 600 | USD 1,700 | USD 2,500 | USD 3,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-01-22 | 2013-02-19 | 2013-01-31 | 2013-02-19 | 2013-02-27 | ||||
| Loan Term (Months) | 15.0 months | 24.0 months | 36.0 months | 37.0 months | 36.0 months | ||||
| Grace Period (Months) | -0.2 months | -0.3 months | -0.5 months | 0.0 months | -0.4 months | ||||
| Total Cost of Credit | USD 64.69 | USD 183.22 | USD 642.53 | USD 939.76 | USD 1,086.42 | ||||
| True Price by Comp | |||||||||
| Interest price component | 30.1% | 27.1% | 22.9% | 21.7% | 21.7% | ||||
| Fee Component | 1.6% | 0.5% | 0.1% | 0.1% | 0.1% | ||||
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
| Full APR (int fee ins tax dep) | 31.7% | 27.6% | 23.0% | 21.8% | 21.8% | ||||
| Transparency Index | 68 | 78 | 94 | 99 | 99 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 250 | GHS 300 | GHS 375 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-11-25 | 2012-11-25 | 2013-01-20 | ||
| Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | GHS 138 | GHS 163.60 | GHS 202 | ||
| True Price by Comp | |||||
| Interest price component | 154.0% | 154.0% | 154.0% | ||
| Fee Component | 26.0% | 23.0% | 20.0% | ||
| Insurance Component | 5.4% | 5.4% | 5.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 72.3% | 70.8% | 69.4% | ||
| Full APR (int fee ins tax dep) | 257.7% | 253.2% | 248.8% | ||
| Transparency Index | 23 | 24 | 24 | ||
| 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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