Number borrowers | 1,400 |
Loan Amount (range) | COP 300,000 - 7,000,000 |
Loan Term (range) | 3 - 36 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits |
Annual Interest & Method | 20.4% annual, Decl Bal |
Fees | 3.00% upfront |
Insurance | 3 fees |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 20.5% - 23.8% (Int+Fee) |
Insurance Component | 1.0% - 5.3% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 21.8% - 27.0% |
Transparency Index (min/max) | 46 - 94 |
Transparency Index (average) | 86 |
595 |
GHS 10,000 - 100,000 |
10 - 37 |
Tech Asst Visits, Business Training |
39.0% annual, Decl Bal |
3.50% upfront 3.00 upfront |
1.00% ongoing |
None |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
44.4% - 48.0% |
31 - 88 |
84 |
Outstanding portfolio (COP) | COP 1,800,000,000 |
Portfolio (USD) | USD 989,010.99 |
Active Clients with Loans | 1,400 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 9,320,505 |
Portfolio (USD) | USD 4,731,220.81 |
Active Clients with Loans | 595 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | |
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 | Fully registered and licensed school |
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 | COP |
Minimum loan size | COP 300,000 |
Maximum loan size | 7,000,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 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 10,000 |
Maximum loan size | 100,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 0 |
GHS 7,500-10,000 | 0 |
GHS 10,000-13,000 | 30% |
Greater than GHS 13,000 | 30% |
Shortest loan term | 10.0 months |
Longest loan term | 37.0 months |
Approx average | 16.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 30% |
Longer than 18 months | 40% |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 1.70% |
Highest quoted nominal interest | 1.70% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Trámite Mipyme |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Fondo Garantia de Beneficiario | SEGURO DE CREDITO SE COBRA $ 5,000 PORMILLON POR AÃO | |
% of loan amount - min | 0 | 0.50% | |
% of loan amount - max | 0 | 0.50% | |
OR, Fixed amount - min | 8,000 | 0 | |
Fixed amount - max | 30,000 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Seguros y Fondo de Solidaridad |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 1,000 |
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 | 39.00% |
Highest quoted nominal interest | 39.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Processing Fee | Application Fee | |
% of loan amount - min | 3.50% | 0 | |
% of loan amount - max | 3.50% | 0 | |
OR, Fixed amount - min | 0 | 3 | |
Fixed amount - max | 0 | 3 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | 1% of total loan amount, divided and charged equally throughout loan term. |
Appears on Repayment Sched? | Yes |
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 | 0 - 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 | 0 |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 1,600,000 | COP 3,500,000 | COP 5,800,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-13 | 2011-05-13 | 2011-06-01 | ||
Loan Term (Months) | 12.0 months | 30.0 months | 30.0 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 | 23.8% | 20.5% | 20.5% | ||
Insurance Component | 3.2% | 2.0% | 1.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 27.0% | 22.6% | 21.8% | ||
Transparency Index | 76 | 90 | 94 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 12,000 | GHS 12,553.63 | GHS 15,000 | GHS 15,680.25 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-11-27 | 2012-12-05 | 2012-11-23 | 2012-11-06 | |||
Loan Term (Months) | 13.0 months | 21.0 months | 12.0 months | 14.0 months | |||
Grace Period (Months) | 1.0 month | 1.1 months | 0.0 months | 1.5 months | |||
Total Cost of Credit | GHS 3,489.15 | GHS 5,255.91 | GHS 3,868.32 | GHS 4,754.79 | |||
True Price by Comp | |||||||
Interest price component | 38.8% | 38.4% | 38.8% | 38.3% | |||
Fee Component | 6.5% | 4.6% | 7.5% | 6.2% | |||
Insurance Component | 1.5% | 1.4% | 1.7% | 1.8% | |||
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) | 46.8% | 44.4% | 48.0% | 46.3% | |||
Transparency Index | 83 | 88 | 81 | 84 | |||
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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