Number borrowers | 1,393 |
Loan Amount (range) | COP 258,000 - 8,569,000 |
Loan Term (range) | 6 - 36 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 11.0%-13.8% annual, Decl Bal |
Fees | 2.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | 52,000.00 upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 12.3% - 17.6% (Int+Fee) |
Insurance Component | 0 - 0.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 12.5% - 18.8% |
Transparency Index (min/max) | 45 - 102 |
Transparency Index (average) | 74 |
3,045 |
GHS 300 - 7,000 |
6 - 8 |
Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services |
39.00%-52.00% annual, Flat |
2 fees |
0.50% upfront |
None |
15.00%-20.00% upfront |
36.2% - 87.6% |
6.9% - 20.2% |
1.1% - 4.7% |
0 |
55.1% - 68.0% |
21 - 71 |
65 |
Outstanding portfolio (COP) | COP 1,766,800,488 |
Portfolio (USD) | USD 970,769.50 |
Active Clients with Loans | 1,393 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
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 | Debe ser Asociado de la Cooperativa. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 654,472.04 |
Portfolio (USD) | USD 332,219.31 |
Active Clients with Loans | 3,045 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | x |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Extention Services |
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 | x |
Other | Must be resident in community near branch for at least on year |
Other (2) |
# Regions for this institution | 10 |
# Regions for this product | 10 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
Currency | COP |
Minimum loan size | COP 258,000 |
Maximum loan size | 8,569,000 |
Shortest loan term | 6.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
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 | 7,000 |
Loans less than GHS 1,000 | 90% |
GHS 1,000-5,000 | 10% |
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 | 6.0 months |
Longest loan term | 8.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 80% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 5.0 months |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 10.97% |
Highest quoted nominal interest | 13.77% |
Reason(s) why interest rate varies | Client Risk, Plazo del crédito |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Fondo de Desarrollo Institucional |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 52,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 4.00% |
Reason(s) why interest rate varies | Branch |
Interest rate period | 4 Weeks |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Application and Pass Book Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 0 | |
OR, Fixed amount - min | 0 | 2 | |
Fixed amount - max | 0 | 4 | |
Reason for variation | N/A | Fee varies based on geographic location of client. | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Includes life cover only. Do not cover clients above age 64. |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | GHC 1000 or less loans deposit 15% and loans > GHS 1000 deposit 20%. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 15.00% - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
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 1,325,468 | COP 3,187,500 | COP 7,038,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-08 | 2011-01-15 | 2011-01-23 | ||
Loan Term (Months) | 10.0 months | 12.0 months | 36.0 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 | 17.6% | 14.0% | 12.3% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.3% | 0.4% | 0.2% | ||
Full APR (int fee ins tax dep) | 18.8% | 14.4% | 12.5% | ||
Transparency Index | 58 | 76 | 88 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 700 | GHS 1,350 | GHS 2,700 | GHS 6,200 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | 4 | 3 | 4 | 2 | ||||
Disbursement Date | 2012-09-28 | 2012-08-27 | 2012-06-08 | 2012-09-28 | 2012-10-31 | ||||
Loan Term (Months) | 6.0 months | 5.8 months | 5.6 months | 6.0 months | 5.9 months | ||||
Grace Period (Months) | 4.1 months | 3.9 months | 3.7 months | 4.1 months | 4.0 months | ||||
Total Cost of Credit | GHS 67.50 | GHS 153.50 | GHS 293.25 | GHS 583.50 | GHS 1,522 | ||||
True Price by Comp | |||||||||
Interest price component | 36.2% | 37.6% | 41.2% | 36.2% | 44.7% | ||||
Fee Component | 9.0% | 7.9% | 8.1% | 6.9% | 7.2% | ||||
Insurance Component | 1.1% | 1.2% | 1.3% | 1.2% | 1.3% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 8.8% | 8.8% | 14.6% | 11.7% | 14.8% | ||||
Full APR (int fee ins tax dep) | 55.1% | 55.5% | 65.2% | 56.0% | 68.0% | ||||
Transparency Index | 71 | 70 | 60 | 70 | 57 | ||||
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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