| Number borrowers | 5,279 |
| Loan Amount (range) | COP 100,000 - 100,000,000 |
| Loan Term (range) | 1 - 72 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 21.2% annual, Decl Bal |
| Fees | None |
| Insurance | 10.00% ongoing |
| Tax | None |
| Comp Dep | 2.5% upfront 5,000.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 15.5% - 19.4% (Int+Fee) |
| Insurance Component | 1.1% - 1.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 17.5% - 22.3% |
| Transparency Index (min/max) | 71 - 121 |
| Transparency Index (average) | 100 |
| 61 |
| GHS 1,000 - 30,000 |
| 1 - 3 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| 60.00% annual, Flat |
| 3.00% upfront |
| None |
| None |
| 10.00% upfront |
| 63.1% - 91.9% |
| 0 - 19.1% |
| 0 |
| 0 |
| 101.7% - 126.1% |
| 48 - 59 |
| 52 |
| Outstanding portfolio (COP) | COP 36,113,365,713 |
| Portfolio (USD) | USD 19,842,508.63 |
| Active Clients with Loans | 5,279 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 60% - 80% |
| 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 con Ahorros |
| Other (2) | Debe tener capacidad de endeudamiento |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 330,000 |
| Portfolio (USD) | USD 167,512.69 |
| Active Clients with Loans | 61 |
| Approximate % Female Clients | 0% - 20% |
| 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 | x |
| Workplace visits | x |
| 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 | x |
| 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 100,000 |
| Maximum loan size | 100,000,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 72.0 months |
| Approx average | 36.0 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 1,000 |
| Maximum loan size | 30,000 |
| Loans less than GHS 1,000 | 10% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 15% |
| GHS 10,000-13,000 | 15% |
| Greater than GHS 13,000 | 15% |
| Shortest loan term | 1.0 month |
| Longest loan term | 3.0 months |
| Approx average | 3.0 months |
| Loans 3 months or less | 100% |
| Between 4 and 6 months | 0 |
| 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 | 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 |
| Lowest quoted nominal interest | 21.20% |
| Highest quoted nominal interest | 21.20% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de vida |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | deudores que cubre el saldo del capital del credito en caso de muerte o incapacidad total y permanente |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 2.50% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | COP 5,000 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 1.80% |
| Maximum interest rate paid | 1.80% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 5.00% |
| Highest quoted nominal interest | 5.00% |
| Interest rate period | Monthly |
| 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? | 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 | 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 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | COP 1,200,000 | COP 3,000,000 | COP 5,000,000 | COP 13,000,000 | COP 29,000,000 | COP 40,000,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2011-03-12 | 2011-03-10 | 2011-03-05 | 2011-03-08 | 2011-03-09 | 2011-03-14 | |||||
| Loan Term (Months) | 9.0 months | 36.0 months | 36.0 months | 59.0 months | 72.0 months | 72.0 months | |||||
| Grace Period (Months) | 0.0 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 | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 15.5% | 19.3% | 19.3% | 19.4% | 15.6% | 15.6% | |||||
| Insurance Component | 1.1% | 1.2% | 1.2% | 1.3% | 1.2% | 1.2% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.9% | 1.8% | 1.4% | 1.1% | 0.8% | 0.7% | |||||
| Full APR (int fee ins tax dep) | 17.5% | 22.3% | 21.9% | 21.8% | 17.5% | 17.5% | |||||
| Transparency Index | 100 | 95 | 97 | 97 | 100 | 100 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 1,500 | GHS 2,700 | GHS 6,000 | GHS 10,000 | GHS 15,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2013-02-28 | 2013-02-25 | 2012-07-10 | 2013-01-23 | 2013-03-07 | ||||
| Loan Term (Months) | 6.0 months | 4.0 months | 3.1 months | 3.0 months | 6.0 months | ||||
| Grace Period (Months) | -0.1 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | GHS 405 | GHS 621 | GHS 1,080 | GHS 1,800 | GHS 4,050 | ||||
| True Price by Comp | |||||||||
| Interest price component | 77.3% | 91.9% | 83.8% | 86.1% | 75.3% | ||||
| Fee Component | 11.4% | 15.7% | 18.5% | 19.1% | 11.0% | ||||
| 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 | 16.0% | 18.5% | 16.6% | 17.0% | 15.4% | ||||
| Full APR (int fee ins tax dep) | 104.7% | 126.1% | 118.9% | 122.2% | 101.7% | ||||
| Transparency Index | 57 | 48 | 50 | 49 | 59 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # 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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