Number borrowers | 2,505 |
Loan Amount (range) | COP 300,000 - 65,000,000 |
Loan Term (range) | 12 - 59 |
Other Services (text summary) | Other Training, Fidelizacion |
Annual Interest & Method | 14.4%-28.7% annual, Decl Bal |
Fees | 3,500.00 upfront 18,000.00-58,000.00 upfront |
Insurance | 0.34% upfront |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 23.9% - 24.8% (Int+Fee) |
Insurance Component | 0.6% - 0.8% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 24.7% - 25.5% |
Transparency Index (min/max) | 18 - 143 |
Transparency Index (average) | 57 |
1,137 |
GHS 200 - 10,000 |
6 |
Credit Educ, Group Mtgs, Credit Ins, Other Training, Personal hygiene & health education |
28.1% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
33.3% upfront |
42.7% - 47.5% |
5.1% - 7.3% |
2.6% - 3.8% |
0 |
121.1% - 123.6% |
23 - 38 |
23 |
Outstanding portfolio (COP) | COP 13,559,302,734 |
Portfolio (USD) | USD 7,450,166.34 |
Active Clients with Loans | 2,505 |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Fidelizacion |
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 | x |
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 1,239,324.86 |
Portfolio (USD) | USD 629,098.91 |
Active Clients with Loans | 1,137 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 60% - 80% |
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 | x |
Other | Petty Traders |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
Other | Personal hygiene & health education |
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 | Ashanti Region |
Currency | COP |
Minimum loan size | COP 300,000 |
Maximum loan size | 65,000,000 |
Shortest loan term | 12.0 months |
Longest loan term | 59.0 months |
Approx average | 0 |
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 200 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 50% |
GHS 7,500-10,000 | 20% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
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 | x |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 14.40% |
Highest quoted nominal interest | 28.66% |
Reason(s) why interest rate varies | Time as Client, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | No |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Comision Centrales de Riesgo | Comision por Estudio de Credito (cobrado anualmente). No todos los prestamos tienen esta comisio. | |
% of loan amount - min | 0 | 0 | |
% of loan amount - max | 0 | 0 | |
OR, Fixed amount - min | 3,500 | 18,000 | |
Fixed amount - max | 3,500 | 58,000 | |
Reason for variation | Solamente para pocos prestamos de este producto | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Seguro de Vida (cobrado anualmente) |
% of loan amount - min | 0.34% |
% of loan amount - max | 0.34% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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 | 2.34% |
Highest quoted nominal interest | 2.34% |
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 | 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 |
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 | 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? | No |
% loan amount deposited | 33.33% |
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 | 13.50% |
Maximum interest rate paid | 15.50% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 2,200,000 | COP 3,400,000 | COP 7,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-04-25 | 2011-04-13 | 2011-04-27 | ||
Loan Term (Months) | 18.0 months | 24.0 months | 36.0 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 | 24.8% | 24.3% | 23.9% | ||
Insurance Component | 0.7% | 0.7% | 0.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 25.5% | 25.0% | 24.7% | ||
Transparency Index | 57 | 58 | 58 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | GHS 2,500 | GHS 8,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-02-25 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2013-02-28 | 2012-11-22 | |||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||||
Grace Period (Months) | 0.0 months | 0.0 months | -0.1 months | 0.0 months | 0.0 months | 0.0 months | |||||
Total Cost of Credit | GHS 85.20 | GHS 170.40 | GHS 255.60 | GHS 511.20 | GHS 426 | GHS 1,363.20 | |||||
True Price by Comp | |||||||||||
Interest price component | 46.2% | 46.2% | 46.7% | 46.2% | 46.2% | 45.9% | |||||
Fee Component | 7.3% | 7.3% | 7.3% | 7.3% | 7.3% | 7.2% | |||||
Insurance Component | 3.7% | 3.7% | 3.8% | 3.7% | 3.7% | 3.6% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 64.7% | 64.7% | 65.8% | 64.7% | 64.7% | 64.4% | |||||
Full APR (int fee ins tax dep) | 121.9% | 121.9% | 123.6% | 121.9% | 121.9% | 121.1% | |||||
Transparency Index | 23 | 23 | 23 | 23 | 23 | 23 | |||||
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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