Number borrowers | 1,240 |
Loan Amount (range) | COP 535,000 - 160,500,000 |
Loan Term (range) | 1 - 59 |
Other Services (text summary) | |
Annual Interest & Method | 31.3%-34.0% annual, Decl Bal |
Fees | 20,000.00 upfront 7.50% ongoing |
Insurance | 6.18% upfront 0.20%-0.40% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 32.5% - 43.8% (Int+Fee) |
Insurance Component | 0.3% - 13.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 33.0% - 44.2% |
Transparency Index (min/max) | 59 - 116 |
Transparency Index (average) | 83 |
1,239 |
GHS 300 - 30,000 |
6 - 12 |
Credit Educ, Business Training |
32.00% annual, Flat |
3.00% upfront |
None |
None |
33.33% upfront |
51.8% - 63.2% |
6.6% - 12.0% |
0 - 3.7% |
0 |
139.1% - 152.3% |
21 - 30 |
22 |
Outstanding portfolio (COP) | COP 1,225,263,552 |
Portfolio (USD) | USD 673,221.73 |
Active Clients with Loans | 1,240 |
Approximate % Female Clients | 60% - 80% |
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 | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 2,452,823.66 |
Portfolio (USD) | USD 1,245,088.15 |
Active Clients with Loans | 1,239 |
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 | |
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 | 1 |
# Regions for this product | 1 |
Regions Active | Ashanti Region |
Currency | COP |
Minimum loan size | COP 535,000 |
Maximum loan size | 160,500,000 |
Shortest loan term | 1.0 month |
Longest loan term | 59.0 months |
Approx average | 22.0 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 300 |
Maximum loan size | 30,000 |
Loans less than GHS 1,000 | 5% |
GHS 1,000-5,000 | 50% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 10% |
GHS 10,000-13,000 | 5% |
Greater than GHS 13,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 60% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | x |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.61% |
Highest quoted nominal interest | 2.83% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
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 | CIFIN / Datacrédito |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20,000 |
Fixed amount - max | 20,000 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Comisio Ley Mipymes |
% of loan amount - min | 7.50% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Comisio fondo nacional de garantias. |
% of loan amount - min | 6.18% |
% of loan amount - max | 6.18% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Vida Deudores |
% of loan amount - min | 0.20% |
% of loan amount - max | 0.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 32.00% |
Highest quoted nominal interest | 32.00% |
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 | Processing Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 33.33% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | COP 1,330,000 | COP 3,000,000 | COP 9,000,000 | COP 10,000,000 | COP 10,000,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2011-02-28 | 2011-02-22 | 2011-02-28 | 2011-02-05 | 2011-03-08 | ||||
Loan Term (Months) | 18.0 months | 18.0 months | 48.0 months | 48.0 months | 36.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 43.8% | 37.0% | 32.5% | 36.9% | 36.7% | ||||
Insurance Component | 0.4% | 0.4% | 0.5% | 0.3% | 0.3% | ||||
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) | 44.2% | 37.4% | 33.0% | 37.2% | 37.0% | ||||
Transparency Index | 71 | 84 | 95 | 84 | 85 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 1,000 | GHS 1,600 | GHS 3,000 | GHS 7,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | 3 | 5 | ||||
Disbursement Date | 2012-11-16 | 2013-03-01 | 2012-12-13 | 2013-02-20 | 2012-11-08 | ||||
Loan Term (Months) | 6.0 months | 8.0 months | 12.0 months | 10.0 months | 12.0 months | ||||
Grace Period (Months) | 0.2 months | -0.1 months | 0.0 months | -0.1 months | 0.0 months | ||||
Total Cost of Credit | GHS 54.75 | GHS 251.04 | GHS 631 | GHS 905.32 | GHS 2,754 | ||||
True Price by Comp | |||||||||
Interest price component | 54.5% | 60.1% | 63.1% | 59.4% | 63.2% | ||||
Fee Component | 12.0% | 9.6% | 6.6% | 8.0% | 6.7% | ||||
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 | 79.5% | 82.6% | 69.4% | 75.4% | 69.7% | ||||
Full APR (int fee ins tax dep) | 146.0% | 152.3% | 139.1% | 142.8% | 139.6% | ||||
Transparency Index | 22 | 21 | 23 | 22 | 23 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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