Number borrowers | 304 |
Loan Amount (range) | COP 515,000 - 5,150,000 |
Loan Term (range) | 6 - 24 |
Other Services (text summary) | Group Mtgs, Business Training, Giras Técnicas |
Annual Interest & Method | 29.5% annual, Decl Bal |
Fees | None |
Insurance | 3,000.00 ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 29.6% - 31.0% (Int+Fee) |
Insurance Component | 0.4% - 7.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 32.4% - 33.2% |
Transparency Index (min/max) | 71 - 98 |
Transparency Index (average) | 90 |
4,497 |
GHS 50 - 3,000 |
3 - 12 |
Credit Ins |
48.0% annual, Flat |
1.50%-2.00% upfront |
0.55%-1.00% upfront |
None |
57.7% - 86.0% |
2.2% - 9.1% |
0.6% - 4.5% |
0 - 0.6% |
83.9% - 120.9% |
27 - 66 |
52 |
Outstanding portfolio (COP) | COP 536,151,015 |
Portfolio (USD) | USD 294,588.47 |
Active Clients with Loans | 304 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | |
Workplace visits | |
Business training | x |
Other training | |
Other | Giras Técnicas |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 4,521,747 |
Portfolio (USD) | USD 2,295,303.05 |
Active Clients with Loans | 4,497 |
Approximate % Female Clients | 60% - 80% |
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 | 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 | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Greater Accra Region, Ashanti Region, Brong Ahafo Region |
Currency | COP |
Minimum loan size | COP 515,000 |
Maximum loan size | 5,150,000 |
Shortest loan term | 6.0 months |
Longest loan term | 24.0 months |
Approx average | 22.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | GHS |
Minimum loan size | GHS 50 |
Maximum loan size | 3,000 |
Loans less than GHS 1,000 | 30% |
GHS 1,000-5,000 | 70% |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 60% |
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 | |
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 | 2.46% |
Highest quoted nominal interest | 2.46% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Comisio para el cubrimiento de la póliza de gravamen |
% 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 |
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 | 4.00% |
Highest quoted nominal interest | 4.00% |
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 | Processing Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 0.55% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
Appears on Repayment Sched? | Yes |
Required for | Some |
Criteria | Required only if physical collateral provided is not sufficient. |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0 - 20.00% |
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 | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | COP 1,500,000 | COP 3,000,000 | COP 4,000,000 | COP 4,000,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2010-09-29 | 2011-03-22 | 2011-03-16 | 2011-03-16 | |||
Loan Term (Months) | 24.0 months | 18.0 months | 18.0 months | 24.0 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 | 29.6% | 31.0% | 31.0% | 31.0% | |||
Insurance Component | 3.6% | 1.8% | 1.4% | 1.4% | |||
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) | 33.2% | 32.9% | 32.4% | 32.4% | |||
Transparency Index | 89 | 90 | 91 | 91 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 800 | GHS 800 | GHS 1,000 | GHS 3,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-07-02 | 2013-07-17 | 2013-03-26 | 2013-06-03 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 9.0 months | |||
Grace Period (Months) | 0.0 months | 0.1 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 217.56 | GHS 217.56 | GHS 266.98 | GHS 1,160.53 | |||
True Price by Comp | |||||||
Interest price component | 75.4% | 74.1% | 75.8% | 76.5% | |||
Fee Component | 7.2% | 7.1% | 5.4% | 5.3% | |||
Insurance Component | 3.7% | 3.7% | 3.7% | 1.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.6% | |||
Deposit Component | 0.0% | 0.0% | 36.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 86.3% | 84.9% | 120.9% | 83.9% | |||
Transparency Index | 56 | 57 | 40 | 57 | |||
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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