| Number borrowers | 302 |
| Loan Amount (range) | COP 200,000 - 12,800,000 |
| Loan Term (range) | 1 - 60 |
| Other Services (text summary) | Group Mtgs, Credit Ins, Business Training, Other Training, CAPITALIZACION APORTES, AHORRO PROGRAMADO |
| Annual Interest & Method | 10.6%-27.5% annual, Decl Bal |
| Fees | 3,000.00 upfront |
| Insurance | 10.00% ongoing |
| Tax | None |
| Comp Dep | 1.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 19.9% - 20.4% (Int+Fee) |
| Insurance Component | 1.1% - 1.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 22.4% - 25.8% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 44 |
| 595 |
| GHS 10,000 - 100,000 |
| 10 - 37 |
| Tech Asst Visits, Business Training |
| 39.0% annual, Decl Bal |
| 3.50% upfront 3.00 upfront |
| 1.00% ongoing |
| None |
| 33.9% - 69.6% |
| 2.9% - 24.0% |
| 0.5% - 4.4% |
| 0 |
| 44.4% - 48.0% |
| 31 - 88 |
| 84 |
| Outstanding portfolio (COP) | COP 662,862,576 |
| Portfolio (USD) | USD 364,210.21 |
| Active Clients with Loans | 302 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| Other | CAPITALIZACION APORTES |
| Other (2) | AHORRO PROGRAMADO |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | Codeudor |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 9,320,505 |
| Portfolio (USD) | USD 4,731,220.81 |
| Active Clients with Loans | 595 |
| 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 | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Fully registered and licensed school |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Currency | COP |
| Minimum loan size | COP 200,000 |
| Maximum loan size | 12,800,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 60.0 months |
| Approx average | 17.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| 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 10,000 |
| Maximum loan size | 100,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 0 |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 30% |
| Greater than GHS 13,000 | 30% |
| Shortest loan term | 10.0 months |
| Longest loan term | 37.0 months |
| Approx average | 16.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 30% |
| Longer than 18 months | 40% |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | 0.88% |
| Highest quoted nominal interest | 2.29% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, 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 | Papeleria (No es comisio Mipyme) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 3,000 |
| Fixed amount - max | 3,000 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | SEGURO DE VIDA QUE SE LIQUIDA SOBRE SALDO A CAPITAL |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| 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? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 1.00% - N/A |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 1.58% |
| Maximum interest rate paid | 1.58% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 39.00% |
| Highest quoted nominal interest | 39.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| 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 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Application Fee | |
| % of loan amount - min | 3.50% | 0 | |
| % of loan amount - max | 3.50% | 0 | |
| OR, Fixed amount - min | 0 | 3 | |
| Fixed amount - max | 0 | 3 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | 1% of total loan amount, divided and charged equally throughout loan term. |
| 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 | 0 - 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 | 3.00% |
| Interest payment frequency | End Term |
| 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 | 2011-04-05 | 2011-02-24 | 2011-02-21 | ||
| Loan Term (Months) | 12.0 months | 18.0 months | 24.0 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 | 19.9% | 19.9% | 20.4% | ||
| Insurance Component | 1.1% | 1.2% | 1.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 1.8% | 1.4% | 4.1% | ||
| Full APR (int fee ins tax dep) | 22.8% | 22.4% | 25.8% | ||
| Transparency Index | 46 | 47 | 41 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 12,000 | GHS 12,553.63 | GHS 15,000 | GHS 15,680.25 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-11-27 | 2012-12-05 | 2012-11-23 | 2012-11-06 | |||
| Loan Term (Months) | 13.0 months | 21.0 months | 12.0 months | 14.0 months | |||
| Grace Period (Months) | 1.0 month | 1.1 months | 0.0 months | 1.5 months | |||
| Total Cost of Credit | GHS 3,489.15 | GHS 5,255.91 | GHS 3,868.32 | GHS 4,754.79 | |||
| True Price by Comp | |||||||
| Interest price component | 38.8% | 38.4% | 38.8% | 38.3% | |||
| Fee Component | 6.5% | 4.6% | 7.5% | 6.2% | |||
| Insurance Component | 1.5% | 1.4% | 1.7% | 1.8% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 46.8% | 44.4% | 48.0% | 46.3% | |||
| Transparency Index | 83 | 88 | 81 | 84 | |||
| 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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