| Outstanding portfolio (USD) | USD 4,352,304.56 |
| Portfolio (USD) | USD 4,352,304.56 |
| Active Clients with Loans | 2,967 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh KongKratié, Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Currency | USD |
| Minimum loan size | USD 1,001 |
| Maximum loan size | 10,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 0 |
| USD 1,000-1,500 | 15% |
| USD 1,500-2,000 | 40% |
| USD 2,000-2,500 | 30% |
| Greater than USD 2,500 | 30% |
| Shortest loan term | 3.0 months |
| Longest loan term | 30.0 months |
| Approx average | 24.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 5% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.75% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 1,200 | USD 1,800 | USD 2,500 | USD 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-02-08 | 2013-02-12 | 2013-03-21 | 2013-03-07 | |||
| Loan Term (Months) | 23.0 months | 24.0 months | 24.0 months | 24.0 months | |||
| Grace Period (Months) | 0.1 months | -0.1 months | -0.3 months | 0.2 months | |||
| Total Cost of Credit | USD 316.31 | USD 412.63 | USD 560.99 | USD 692.03 | |||
| True Price by Comp | |||||||
| Interest price component | 26.3% | 22.1% | 22.0% | 22.5% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 26.3% | 22.1% | 22.0% | 22.5% | |||
| Transparency Index | 80 | 95 | 96 | 93 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | Yes |
| Website address | http://www.safesaveghana.org |
| Year established | 2011 |
| Head of Institution | Evans Forson |
| Regions active | Greater Accra Region |
| # Branches | 1 |
| Total Portfolio (nat'l) | GHS 70,000 |
| Total Portfolio (USD) | USD 35,532.99 |
| Active clients with loans | 200 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | GHS 350 - 500 | 5 - 12 | 80% - 100% | 60% - 80% | Business, Education | Women, Specific age group, Must be 18+ years old | Credit Educ, Group Mtgs, Business Training, Other Training, HIV/AIDS Awareness Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan | 36.00% annual, Flat | 2 Fees | 0 | None | 50.00 upfront | 92.3% - 105% | 125.3% - 144.2% | 26 |
| Key Statistics | |
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| # Samples: | |
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| # 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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