Number borrowers | 30,083 |
Loan Amount (range) | COP 535,000 - 1,000,000 |
Loan Term (range) | 1 - 15 |
Other Services (text summary) | |
Annual Interest & Method | 34.0% annual, Decl Bal |
Fees | 7.50% upfront 10,000.00 upfront |
Insurance | 0.53%-6.18% upfront 20.00%-30.00% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 43.4% - 53.8% (Int+Fee) |
Insurance Component | 0.3% - 13.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 48.3% - 54.2% |
Transparency Index (min/max) | 59 - 116 |
Transparency Index (average) | 67 |
1,101 |
GHS 100 - 3,000 |
4 |
Group Mtgs, Business Training |
30.00% annual, Flat |
None |
None |
None |
10.00% upfront |
59.4% |
0 |
0 |
0 |
72.1% |
42 |
41 |
Outstanding portfolio (COP) | COP 18,968,225,455 |
Portfolio (USD) | USD 10,422,101.90 |
Active Clients with Loans | 30,083 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 1,033,300 |
Portfolio (USD) | USD 540,995 |
Active Clients with Loans | 1,101 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | |
Village banking | x |
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 | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
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 | Northern Region |
Currency | COP |
Minimum loan size | COP 535,000 |
Maximum loan size | 1,000,000 |
Loans less than COP 5,000,000 | 100% |
COP 5,000,000-20,000,000 | 0 |
COP 20,000,000-35,000,000 | 0 |
COP 35,000,000-50,000,000 | 0 |
COP 50,000,000-65,000,000 | 0 |
Greater than COP 65,000,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 15.0 months |
Approx average | 12.0 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 100 |
Maximum loan size | 3,000 |
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 | 4.0 months |
Longest loan term | 4.0 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 | 30% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.83% |
Highest quoted nominal interest | 2.83% |
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 | Fee 2 | ||
---|---|---|---|
Description | Comisio Ley Mipymes. Porcentaje no incluye el IVA del 16% | CIFIN o Data Credito más IVA | |
% of loan amount - min | 7.50% | 0 | |
% of loan amount - max | 7.50% | 0 | |
OR, Fixed amount - min | 0 | 10,000 | |
Fixed amount - max | 0 | 10,000 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Comisio Fondo Nacional de Garantias (+IVA) |
% of loan amount - min | 0.53% |
% 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 | Seguro de Vida Deudores |
% of loan amount - min | 20.00% |
% of loan amount - max | 30.00% |
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 | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 | 10.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 700,000 | COP 800,000 | COP 900,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-31 | 2011-03-24 | 2011-03-17 | ||
Loan Term (Months) | 10.0 months | 12.0 months | 15.0 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 | 43.9% | 53.8% | 43.4% | ||
Insurance Component | 5.2% | 0.4% | 4.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 49.1% | 54.2% | 48.3% | ||
Transparency Index | 69 | 63 | 70 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 800 | GHS 1,500 | GHS 3,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-03-05 | 2013-01-10 | 2013-02-07 | 2012-12-27 | |||
Loan Term (Months) | 3.7 months | 3.7 months | 3.7 months | 3.7 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 30 | GHS 80 | GHS 150 | GHS 300 | |||
True Price by Comp | |||||||
Interest price component | 59.4% | 59.4% | 59.4% | 59.4% | |||
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 | 12.7% | 12.7% | 12.7% | 12.7% | |||
Full APR (int fee ins tax dep) | 72.1% | 72.1% | 72.1% | 72.1% | |||
Transparency Index | 42 | 42 | 42 | 42 | |||
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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