| Number borrowers | 192 |
| Loan Amount (range) | COP 200,000 - 12,580,000 |
| Loan Term (range) | 1 - 36 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Ruedas de Negocio |
| Annual Interest & Method | 24.0% annual, Decl Bal |
| Fees | 4.50%-7.50% upfront 5,000.00 upfront |
| Insurance | 6.00% ongoing |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 30.5% - 40.3% (Int+Fee) |
| Insurance Component | 0.7% - 0.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 31.2% - 41.0% |
| Transparency Index (min/max) | 59 - 81 |
| Transparency Index (average) | 69 |
| 70,077 |
| GHS 300 - 1,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 36.00% annual, Flat |
| 5 upfront |
| 1.00% upfront |
| None |
| 10.00% upfront |
| 58.2% - 68.4% |
| 0.9% - 6.0% |
| 2.1% - 4.2% |
| 0 |
| 81.5% - 87.5% |
| 41 - 49 |
| 42 |
| Outstanding portfolio (COP) | COP 463,669,627 |
| Portfolio (USD) | USD 254,763.53 |
| Active Clients with Loans | 192 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | Capital de Trabajo |
| Other (2) | Compra de Activos |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Ruedas de Negocio |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Codeudor con Finca Raiz |
| Other (2) | Codeudor asalariado o independiente |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (GHS) | GHS 34,579,766 |
| Portfolio (USD) | USD 18,104,590 |
| Active Clients with Loans | 70,077 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 | 4 |
| # Regions for this product | 4 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Ashanti Region |
| Currency | COP |
| Minimum loan size | COP 200,000 |
| Maximum loan size | 12,580,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 36.0 months |
| Approx average | 15.0 months |
| Grace period usage | 10% |
| Average grace period | 6.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 300 |
| Maximum loan size | 1,000 |
| Loans less than GHS 1,000 | 100% |
| GHS 1,000-5,000 | 0 |
| 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 | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 90% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.5 months |
| Daily | |
| Weekly | x |
| 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 | 2.00% |
| Highest quoted nominal interest | 2.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | COMISION DE MICROCREDITO LEY 590 DEL 2000 | CIFIN | |
| % of loan amount - min | 4.50% | 0 | |
| % of loan amount - max | 7.50% | 0 | |
| OR, Fixed amount - min | 0 | 5,000 | |
| Fixed amount - max | 0 | 5,000 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Registration Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 5 |
| Fixed amount - max | 5 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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? | No |
| 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 | 10.00% |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | COP 1,000,000 | COP 3,300,000 | COP 4,500,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2011-03-11 | 2011-02-11 | 2011-03-11 | ||
| Loan Term (Months) | 12.0 months | 15.0 months | 24.0 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 | 40.3% | 32.2% | 30.5% | ||
| Insurance Component | 0.8% | 0.7% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 41.0% | 32.9% | 31.2% | ||
| Transparency Index | 59 | 73 | 77 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 600 | GHS 900 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-07-23 | 2013-01-28 | 2013-02-01 | ||
| Loan Term (Months) | 7.0 months | 6.0 months | 5.8 months | ||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
| Total Cost of Credit | GHS 62 | GHS 119 | GHS 176 | ||
| True Price by Comp | |||||
| Interest price component | 58.2% | 63.1% | 66.4% | ||
| Fee Component | 6.0% | 3.2% | 2.3% | ||
| Insurance Component | 3.7% | 4.0% | 4.2% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 13.6% | 14.0% | 14.6% | ||
| Full APR (int fee ins tax dep) | 81.5% | 84.3% | 87.5% | ||
| Transparency Index | 44 | 43 | 41 | ||
| 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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