| 889 |
| GHS 200 - 50,000 |
| 1 - 36 |
| Other Training |
| 19.0%-28.0% annual, Flat |
| 2.00% upfront |
| None |
| None |
| N/A |
| 31.3% - 66.8% |
| 1.5% - 10.9% |
| 0 |
| 0 |
| 32.8% - 51.1% |
| 27 - 76 |
| 46 |
| Outstanding portfolio (COP) | COP 5,323,049 |
| Portfolio (USD) | USD 2,924.75 |
| Active Clients with Loans | 6 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| 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 599,243.77 |
| Portfolio (USD) | USD 304,184.65 |
| Active Clients with Loans | 889 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | x |
| 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 | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 50,000 |
| Loans less than GHS 1,000 | 10% |
| GHS 1,000-5,000 | 50% |
| GHS 5,000-7,500 | 20% |
| GHS 7,500-10,000 | 5% |
| GHS 10,000-13,000 | 5% |
| Greater than GHS 13,000 | 5% |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 36.0 months |
| Loans 3 months or less | 5% |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 20% |
| 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 | 19.00% |
| Highest quoted nominal interest | 28.00% |
| 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 | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 350 | GHS 600 | GHS 1,500 | GHS 3,000 | GHS 8,500 | GHS 16,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-04-19 | 2013-05-02 | 2013-05-14 | 2013-05-29 | 2013-04-10 | 2013-06-10 | |||||
| Loan Term (Months) | 12.0 months | 9.0 months | 12.0 months | 24.0 months | 25.0 months | 37.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.6 months | 0.0 months | -0.4 months | 0.7 months | 0.2 months | |||||
| Total Cost of Credit | GHS 100.96 | GHS 124 | GHS 450 | GHS 1,308 | GHS 3,717.92 | GHS 9,412 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 45.4% | 40.8% | 47.1% | 36.8% | 33.5% | 31.3% | |||||
| Fee Component | 4.0% | 4.9% | 4.0% | 2.3% | 2.1% | 1.5% | |||||
| 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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 49.4% | 45.7% | 51.1% | 39.1% | 35.6% | 32.8% | |||||
| Transparency Index | 38 | 42 | 37 | 49 | 53 | 58 | |||||
| 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 ∞ | ||||||
