| Number borrowers | 987 |
| Loan Amount (range) | COP 200,000 - 12,875,000 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training, Other Training, CAPITALIZACION APORTES, AHORRO PROGRAMADO |
| Annual Interest & Method | 17.3%-29.4% annual, Decl Bal |
| Fees | 3,000.00 upfront |
| Insurance | 10.00% ongoing |
| Tax | None |
| Comp Dep | 3.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 26.6% - 33.4% (Int+Fee) |
| Insurance Component | 1.1% - 1.3% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 28.9% - 38.2% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 50 |
| 94 |
| GHS 10,500 - 50,000 |
| 3 - 12 |
| Other Training |
| 36.0% annual, Flat |
| 2.00% upfront |
| None |
| None |
| 5.0%-25.0% upfront |
| 31.3% - 66.8% |
| 1.5% - 10.9% |
| 0 |
| 0 |
| 101.5% - 105.0% |
| 27 - 76 |
| 34 |
| Outstanding portfolio (COP) | COP 2,087,396,804 |
| Portfolio (USD) | USD 1,146,921.32 |
| Active Clients with Loans | 987 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | CAPITAL DE TRABAJO, LIQUIDEZ, ACTIVOS |
| Other (2) |
| Credit education | x |
| 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 | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | MICROEMPRESARIO, COMERCIANTE - INDEPENDIENTES |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 1,192,763.56 |
| Portfolio (USD) | USD 605,463.74 |
| Active Clients with Loans | 94 |
| Approximate % Female Clients | 40% - 60% |
| 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 | x |
| 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 | 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 | 12,875,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 13.0 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 | x |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Currency | GHS |
| Minimum loan size | GHS 10,500 |
| Maximum loan size | 50,000 |
| 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 | 20% |
| Greater than GHS 13,000 | 20% |
| Shortest loan term | 3.0 months |
| Longest loan term | 12.0 months |
| Approx average | 6.0 months |
| Loans 3 months or less | 20% |
| Between 4 and 6 months | 30% |
| Between 7 and 9 months | 20% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| 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 | 1.44% |
| Highest quoted nominal interest | 2.45% |
| Reason(s) why interest rate varies | Time as Client, Loan Size |
| 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 (Cartera de microcredito asi que comisio se autoriza como 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 VIDA QUE SE LIQUIDAN SOBRE SALDOS 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? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 3.00% |
| 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 | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| 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 | Commitment Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| 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 | 5.00% - 25.00% |
| 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 | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 1,500,000 | COP 3,000,000 | COP 7,500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-04-06 | 2011-04-07 | 2011-04-05 | ||
| Loan Term (Months) | 18.0 months | 12.0 months | 12.0 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 | 33.3% | 33.4% | 26.6% | ||
| Insurance Component | 1.2% | 1.2% | 1.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 3.7% | 3.0% | 1.1% | ||
| Full APR (int fee ins tax dep) | 38.2% | 37.7% | 28.9% | ||
| Transparency Index | 45 | 46 | 60 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 12,000 | GHS 12,000 | GHS 15,000 | GHS 15,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-05-03 | 2013-06-20 | 2013-06-20 | 2013-06-17 | |||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | |||
| Total Cost of Credit | GHS 2,400 | GHS 4,560 | GHS 5,700 | GHS 5,700 | |||
| True Price by Comp | |||||||
| Interest price component | 57.5% | 59.4% | 60.1% | 59.4% | |||
| Fee Component | 7.2% | 4.1% | 4.1% | 4.1% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 40.3% | 38.0% | 38.8% | 38.0% | |||
| Full APR (int fee ins tax dep) | 105.0% | 101.5% | 103.0% | 101.5% | |||
| Transparency Index | 34 | 35 | 35 | 35 | |||
| 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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