Number borrowers | 5,591 |
Loan Amount (range) | COP 257,500 - 12,875,000 |
Loan Term (range) | 12 - 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 18.0%-29.0% annual, Decl Bal |
Fees | 1.00%-7.50% ongoing 37,120.00 ongoing |
Insurance | 1.35%-3.10% upfront ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 30.2% - 37.4% (Int+Fee) |
Insurance Component | 0 - 7.2% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 35.9% - 43.6% |
Transparency Index (min/max) | 0 - N/A |
Transparency Index (average) | 46 |
102 |
GHS 400 - 15,000 |
4 - 24 |
Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health Education, Technology Management |
48.00% annual, Flat |
4.00% upfront |
None |
None |
15.00%-30.00% upfront |
77.3% - 114.4% |
11.4% - 48.3% |
0 |
0 |
137.1% - 163.9% |
23 - 35 |
32 |
Outstanding portfolio (COP) | COP 7,892,792,623 |
Portfolio (USD) | USD 4,336,699.24 |
Active Clients with Loans | 5,591 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | Solo para Capital de Trabajo |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 77,200 |
Portfolio (USD) | USD 39,187.82 |
Active Clients with Loans | 102 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
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 | Used for agricultural purposes |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | Health Education |
Other (2) | Technology Management |
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 | Must own a farm or animals, fish, etc. |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 1 |
Regions Active | Volta Region |
Currency | COP |
Minimum loan size | COP 257,500 |
Maximum loan size | 12,875,000 |
Shortest loan term | 12.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
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 |
Currency | GHS |
Minimum loan size | GHS 400 |
Maximum loan size | 15,000 |
Loans less than GHS 1,000 | 40% |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 10% |
GHS 7,500-10,000 | 15% |
GHS 10,000-13,000 | 5% |
Greater than GHS 13,000 | 5% |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 14.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 15% |
Between 7 and 9 months | 40% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 5% |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
Daily | |
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 | x |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 29.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Comisio de microcredito autorizada por el Consejo Superior de la Microempresa | PAPELERIA | |
% of loan amount - min | 1.00% | 0 | |
% of loan amount - max | 7.50% | 0 | |
OR, Fixed amount - min | 0 | 37,120 | |
Fixed amount - max | 0 | 37,120 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | Garantia Fondo Nacional de Garantias (cobrado anualmente) |
% of loan amount - min | 1.35% |
% of loan amount - max | 3.10% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro deudores: La prima del seguro de deuda es asumido por la Fundacio para saldos hasta de $10.000.000. La prima sobre saldos superiores a esta suma se liquidan en el plan de pagos a cargo de los deudores. |
% of loan amount - min | 0 |
% of loan amount - max | 3.00% |
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 | 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 | 4.00% |
% of loan amount - max | 4.00% |
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 | 15.00% - 30.00% |
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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,500,000 | COP 3,200,000 | COP 10,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-06 | 2011-05-13 | 2011-05-11 | ||
Loan Term (Months) | 18.0 months | 15.0 months | 18.0 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 | 31.7% | 37.4% | 30.2% | ||
Insurance Component | 5.9% | 6.1% | 5.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 37.6% | 43.6% | 35.9% | ||
Transparency Index | 48 | 41 | 50 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 5,500 | GHS 6,000 | GHS 14,500 | |||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 3 | 3 | 3 | |||||
Disbursement Date | 2013-01-28 | 2012-12-28 | 2012-12-27 | 2013-04-16 | 2013-01-24 | 2013-04-16 | |||||
Loan Term (Months) | 3.0 months | 6.0 months | 4.7 months | 5.4 months | 5.6 months | 9.0 months | |||||
Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | 0.2 months | 0.5 months | 0.2 months | |||||
Total Cost of Credit | GHS 128 | GHS 408 | GHS 732 | GHS 1,562 | GHS 1,704.10 | GHS 6,496.30 | |||||
True Price by Comp | |||||||||||
Interest price component | 79.8% | 77.3% | 85.9% | 93.9% | 86.6% | 89.7% | |||||
Fee Component | 29.3% | 15.7% | 19.4% | 18.2% | 16.7% | 11.4% | |||||
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 | 35.0% | 44.1% | 46.5% | 51.8% | 39.3% | 43.5% | |||||
Full APR (int fee ins tax dep) | 144.1% | 137.1% | 151.8% | 163.9% | 142.6% | 144.6% | |||||
Transparency Index | 33 | 35 | 32 | 29 | 34 | 33 | |||||
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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |