Number borrowers | 918 |
Loan Amount (range) | COP 50,000 - 1,000,000 |
Loan Term (range) | 3 - 4 |
Other Services (text summary) | |
Annual Interest & Method | 29.5% annual, Decl Bal |
Fees | 1.88%-7.50% upfront |
Insurance | 1.30% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 44.0% - 50.4% (Int+Fee) |
Insurance Component | 12.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 56.8% - 63.2% |
Transparency Index (min/max) | 47 - 52 |
Transparency Index (average) | 48 |
89 |
GHS 150 - 10,000 |
1 - 18 |
Group Mtgs |
36.00% annual, Decl Bal |
1.00% upfront |
0.50%-1.20% upfront |
None |
50.00% upfront |
36.0% - 59.4% |
1.5% - 4.2% |
0 - 2.5% |
0 |
162.3% - 175.1% |
21 - 48 |
21 |
Outstanding portfolio (COP) | COP 186,866,438 |
Portfolio (USD) | USD 102,673.87 |
Active Clients with Loans | 918 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | |
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 32,000 |
Portfolio (USD) | USD 16,243.65 |
Active Clients with Loans | 89 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
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 | |
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 | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Currency | COP |
Minimum loan size | COP 50,000 |
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 | 3.0 months |
Longest loan term | 4.0 months |
Approx average | 3.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | GHS |
Minimum loan size | GHS 150 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 30% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 18.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
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 | 2.46% |
Highest quoted nominal interest | 2.46% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comisio Credito |
% of loan amount - min | 1.88% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | (la comision es el 7.5% anual del valor del credito; p.ej. si el credito es a 16 semanas, 4 meses, la comision es el 2.5%. |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Fondo Mutual y Exequial |
% of loan amount - min | 1.30% |
% of loan amount - max | 1.30% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 3.00% |
Highest quoted nominal interest | 3.00% |
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 | Processing 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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Loan Protection Plan Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Exact Calculation = (Principal X No. of Monthly Repayments) / 1000 |
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 | 50.00% |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | End Term |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 300,000 | COP 400,000 | COP 800,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-16 | 2011-05-17 | 2011-05-17 | ||
Loan Term (Months) | 2.0 months | 2.8 months | 2.8 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 | 44.0% | 50.4% | 50.4% | ||
Insurance Component | 12.7% | 12.7% | 12.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 56.8% | 63.2% | 63.2% | ||
Transparency Index | 52 | 47 | 47 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 400 | GHS 1,000 | GHS 2,000 | GHS 3,000 | GHS 5,000 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | 5 | 6 | 6 | |||||
Disbursement Date | 2013-02-14 | 2013-03-26 | 2012-11-30 | 2012-12-14 | 2013-03-20 | 2013-03-08 | |||||
Loan Term (Months) | 5.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 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 | GHS 42 | GHS 217 | GHS 434 | GHS 651 | GHS 1,085 | GHS 1,736 | |||||
True Price by Comp | |||||||||||
Interest price component | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | 36.0% | |||||
Fee Component | 4.2% | 2.1% | 2.1% | 2.1% | 2.1% | 2.1% | |||||
Insurance Component | 2.2% | 2.5% | 2.5% | 2.5% | 2.5% | 2.5% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 132.7% | 121.7% | 121.7% | 121.7% | 121.7% | 121.7% | |||||
Full APR (int fee ins tax dep) | 175.1% | 162.3% | 162.3% | 162.3% | 162.3% | 162.3% | |||||
Transparency Index | 21 | 22 | 22 | 22 | 22 | 22 | |||||
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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