| Outstanding portfolio (THB) | THB 11,406,586 |
| Portfolio (USD) | USD 386,663.93 |
| Active Clients with Loans | 450 |
| 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 | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| 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 | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 2 |
| Regions Active | Banteay Meanchey, Battambang |
| Currency | THB |
| Minimum loan size | THB 6,001 |
| Maximum loan size | 40,000 |
| Loans less than THB 10,000 | 0 |
| THB 10,000-30,000 | 50% |
| THB 30,000-50,000 | 50% |
| THB 50,000-70,000 | 0 |
| THB 70,000-90,000 | 0 |
| Greater than THB 90,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 50% |
| Longer than 18 months | 40% |
| 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 | 2.75% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Branch, 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 | |||
|---|---|---|---|---|---|
| Loan Amount | THB 10,000 | THB 20,000 | THB 40,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-12 | 2013-02-22 | 2013-02-22 | ||
| Loan Term (Months) | 11.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 10.4 months | 8.7 months | 10.6 months | ||
| Total Cost of Credit | THB 3,294 | THB 9,473 | THB 19,874 | ||
| True Price by Comp | |||||
| Interest price component | 34.7% | 33.8% | 33.8% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 34.7% | 33.8% | 33.8% | ||
| Transparency Index | 95 | 98 | 98 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.opportunityghana.com/ |
| Year established | 2004 |
| Head of Institution | Kwame Owusu-Boateng |
| Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| # Branches | 29 |
| Total Portfolio (nat'l) | GHS 56,590,868 |
| Total Portfolio (USD) | USD 28,726,328.93 |
| Active clients with loans | 62,525 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Opportunity International USA |
| Funders | Opportunity Microfinance Investment Ltd, Opportunity Transformation Investment, Sinapi Aba Trust, Oikocredit |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | GHS 130 - 10,000 | 6 - 9 | 60% - 80% | 0% - 20% | Business, Farming | Women, Men, Specific age group, Farmers | Credit Educ, Credit Ins | |||||||
| Church Loan | GHS 5,000 - 100,000 | 3 - 37 | 0% | 60% - 80% | Financing church building | Women, Men, Fully registered functioning church | Credit Educ | |||||||
| Salary Loan | GHS 270 - 15,000 | 6 - 24 | 20% - 40% | 100% | Any Purpose | Women, Men, Have business, Salaried worker | Credit Educ, Credit Ins | |||||||
| Group Loan | GHS 100 - 8,000 | 3 - 12 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Individual Loan | GHS 200 - 12,000 | 2 - 24 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
| ISME / Edufinance | GHS 10,000 - 100,000 | 10 - 37 | 0% - 20% | 80% - 100% | Business, Education | Women, Men, Have business, Fully registered and licensed school | Tech Asst Visits, Business Training | |||||||
| Susu Loan | GHS 100 - 10,000 | 3 - 12 | 40% - 60% | 40% - 60% | Business | Women, Men | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
| Adehye Loan | GHS 280 - 8,000 | 3 - 8 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Must be a good group loan client. | Credit Educ, Group Mtgs | |||||||
| Eduloan | GHS 500 - 3,000 | 24 | 60% - 80% | 80% - 100% | Education | Women, Men | Credit Educ |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 36.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 40.8% - 65.4% | 47% - 78.8% | 61 | ||||||||
| Church Loan | 39.0% annual, Decl Bal | 2 Fees | 1 Ins | None | 15.0% upfront | 42.1% - 45.3% | 55.6% - 61.3% | 66 | ||||||||
| Salary Loan | 24.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 43.4% - 48.5% | 44.6% - 50.6% | 51 | ||||||||
| Group Loan | 41.0% annual, Flat | 2 Fees | 1 Ins | None | 15.0% upfront | 77.5% - 90.7% | 103% - 123.9% | 36 | ||||||||
| Individual Loan | 42.0% annual, Flat | 2 Fees | 1 Ins | None | 10.0% upfront | 67.6% - 79% | 78.4% - 95.7% | 47 | ||||||||
| ISME / Edufinance | 39.0% annual, Decl Bal | 2 Fees | 1 Ins | None | 43% - 46.3% | 44.4% - 48% | 84 | |||||||||
| Susu Loan | 39.0% annual, Flat | 2 Fees | 1 Ins | None | N/A | 68.4% - 74.6% | 69.8% - 77.3% | 53 | ||||||||
| Adehye Loan | 38.0% annual, Flat | 1 Fee | 1 Ins | None | 15.0%-20.0% upfront | 67.1% - 81.6% | 96.6% - 124.1% | 35 | ||||||||
| Eduloan | 24.0%-37.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 41.6% - 74.1% | 42.5% - 78% | 37 |
| 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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