Number borrowers | 7,186 |
Loan Amount (range) | COP 300,000 - 13,390,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 25.2%-29.5% annual, Decl Bal |
Fees | 4.50%-7.50% ongoing |
Insurance | 1.35%-2.10% upfront 1,210.00-11,400.00 ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 38.4% - 48.2% (Int+Fee) |
Insurance Component | 2.5% - 7.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 43.6% - 55.2% |
Transparency Index (min/max) | 46 - 58 |
Transparency Index (average) | 49 |
1,134 |
GHS 1,000 - 300,000 |
1 - 24 |
Business Training, Other Training |
31.0%-41.0% annual, Flat |
2.00% upfront |
None |
None |
5.0%-25.0% upfront |
31.3% - 66.8% |
1.5% - 10.9% |
0 |
0 |
91.1% - 116.2% |
27 - 76 |
29 |
Outstanding portfolio (COP) | COP 6,765,607,158 |
Portfolio (USD) | USD 3,717,366.57 |
Active Clients with Loans | 7,186 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 |
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 | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Other | pueden realizar actividades de producción, comercio o servicios. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 9,547,816.32 |
Portfolio (USD) | USD 4,846,607.27 |
Active Clients with Loans | 1,134 |
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 | x |
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 300,000 |
Maximum loan size | 13,390,000 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 12.5 months |
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 1,000 |
Maximum loan size | 300,000 |
Loans less than GHS 1,000 | 5% |
GHS 1,000-5,000 | 20% |
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 | 24.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 5% |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 15% |
Longer than 18 months | 5% |
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 | 2.10% |
Highest quoted nominal interest | 2.46% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Honorarios y Comisiones decretada por el Consejo Superior de la Microempresa. Porcentaje no incluye el IVA. |
% of loan amount - min | 4.50% |
% of loan amount - max | 7.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | AVAL QUE GARANTIZA LA RECUPERACION DEL CAPITAL (FRG) |
% of loan amount - min | 1.35% |
% of loan amount - max | 2.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | SEGURO DEUDORES Y SEGURO DE VIDA |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,210 |
Fixed amount - max | 11,400 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
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 | 31.00% |
Highest quoted nominal interest | 41.00% |
Reason(s) why interest rate varies | Interest varies based on loan duration |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | COP 700,000 | COP 1,200,000 | COP 1,500,000 | COP 3,500,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-03-16 | 2011-03-16 | 2011-03-16 | 2010-09-10 | |||
Loan Term (Months) | 10.0 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 | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 48.2% | 48.1% | 48.1% | 38.4% | |||
Insurance Component | 7.0% | 5.5% | 5.2% | 5.2% | |||
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) | 55.2% | 53.6% | 53.4% | 43.6% | |||
Transparency Index | 46 | 47 | 47 | 58 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 1,500 | GHS 3,000 | GHS 6,000 | GHS 9,000 | GHS 12,000 | GHS 15,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-06-04 | 2013-05-24 | 2013-06-11 | 2013-05-16 | 2013-05-02 | 2013-05-03 | |||||
Loan Term (Months) | 6.0 months | 6.0 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 336 | GHS 672 | GHS 2,580 | GHS 3,864 | GHS 5,160 | GHS 6,444 | |||||
True Price by Comp | |||||||||||
Interest price component | 65.0% | 64.6% | 66.8% | 66.5% | 66.6% | 66.5% | |||||
Fee Component | 7.2% | 7.3% | 4.1% | 4.1% | 4.1% | 4.2% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 44.0% | 43.8% | 41.0% | 40.7% | 29.7% | 20.4% | |||||
Full APR (int fee ins tax dep) | 116.2% | 115.7% | 111.9% | 111.3% | 100.4% | 91.1% | |||||
Transparency Index | 27 | 27 | 28 | 28 | 31 | 34 | |||||
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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