Number borrowers | 51,189 |
Loan Amount (range) | COP 496,900 - 12,875,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Educ, Group Mtgs, Business Training |
Annual Interest & Method | 29.6% annual, Decl Bal |
Fees | 15.00% upfront 4.50%-7.50% ongoing |
Insurance | 2.75%-5.52% upfront 0.27%-0.35% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 41.2% - 47.3% (Int+Fee) |
Insurance Component | 0.6% - 6.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 47.2% - 50.3% |
Transparency Index (min/max) | 42 - 66 |
Transparency Index (average) | 61 |
1,068 |
GHS 50 - 2,000 |
3 - 6 |
Credit Educ, Other Training, Malaria prevention training |
45.00% annual, Flat |
2 fees |
2.00% ongoing |
None |
15.00% upfront |
76.2% - 80.5% |
10.2% - 10.8% |
9.4% - 9.9% |
0 |
124.3% - 133.3% |
34 - 36 |
35 |
Outstanding portfolio (COP) | COP 69,714,398,639 |
Portfolio (USD) | USD 38,304,614.64 |
Active Clients with Loans | 51,189 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | x |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 441,908.06 |
Portfolio (USD) | USD 231,365 |
Active Clients with Loans | 1,068 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | x |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Malaria prevention training |
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 | Maximum amount of men permitted in group - 20%. |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Central Region |
Currency | COP |
Minimum loan size | COP 496,900 |
Maximum loan size | 12,875,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 15.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 2,000 |
Loans less than GHS 1,000 | 70% |
GHS 1,000-5,000 | 30% |
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 | 0 |
Between 4 and 6 months | 100% |
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 | 0.2 months |
Daily | |
Weekly | x |
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 | 29.56% |
Highest quoted nominal interest | 29.56% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | CIFIN |
% of loan amount - min | 15.00% |
% of loan amount - max | 15.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | MIPYME (porcentaje anual) |
% of loan amount - min | 4.50% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | FNG |
% of loan amount - min | 2.75% |
% of loan amount - max | 5.52% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro Vida Deudor |
% of loan amount - min | 0.27% |
% of loan amount - max | 0.35% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | 45.00% |
Highest quoted nominal interest | 45.00% |
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 | Commitment Fee |
% of loan amount - min | 0.75% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
Appears on Repayment Sched? | No |
Fee 1 | |
---|---|
Description | Group Fee |
% of loan amount - min | 0.75% |
% of loan amount - max | 1.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee is 3% per annum. Varies depending on loan term. |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
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? | No |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,500,000 | COP 3,500,000 | COP 7,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-29 | 2011-04-29 | 2011-04-28 | ||
Loan Term (Months) | 12.0 months | 15.0 months | 30.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 47.3% | 44.1% | 41.2% | ||
Insurance Component | 0.7% | 6.3% | 6.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 48.1% | 50.3% | 47.2% | ||
Transparency Index | 62 | 59 | 63 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 600 | GHS 1,600 | ||
Loan Cycle (1, 2, 3, etc) | 6 | 6 | 6 | ||
Disbursement Date | 2012-11-08 | 2012-11-08 | 2012-12-18 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | GHS 57.90 | GHS 115.80 | GHS 308.80 | ||
True Price by Comp | |||||
Interest price component | 76.2% | 76.2% | 80.5% | ||
Fee Component | 10.2% | 10.2% | 10.8% | ||
Insurance Component | 9.4% | 9.4% | 9.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 28.5% | 28.5% | 32.1% | ||
Full APR (int fee ins tax dep) | 124.3% | 124.3% | 133.3% | ||
Transparency Index | 36 | 36 | 34 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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