| Number borrowers | 1,162 |
| Loan Amount (range) | COP 12,800,001 - 40,000,000 |
| Loan Term (range) | 4 - 48 |
| Other Services (text summary) | |
| Annual Interest & Method | 21.0%-27.0% annual, Decl Bal |
| Fees | 50,000.00 upfront 2,300.00 ongoing |
| Insurance | 3 fees |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 27.1% - 27.5% (Int+Fee) |
| Insurance Component | 0.5% - 2.5% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 27.8% - 29.9% |
| Transparency Index (min/max) | 70 - 92 |
| Transparency Index (average) | 73 |
| 90 |
| GHS 2,000 - 10,000 |
| 3 - 6 |
| Business Training, Other Training |
| 44.0%-48.0% annual, Flat |
| 2.00% upfront |
| None |
| None |
| 15.0%-25.0% upfront |
| 31.3% - 66.8% |
| 1.5% - 10.9% |
| 0 |
| 0 |
| 57.7% - 61.9% |
| 27 - 76 |
| 74 |
| Outstanding portfolio (COP) | COP 12,370,585,398 |
| Portfolio (USD) | USD 6,797,024.94 |
| Active Clients with Loans | 1,162 |
| Approximate % Female Clients | 40% - 60% |
| 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 | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| 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 312,937.43 |
| Portfolio (USD) | USD 158,851.49 |
| Active Clients with Loans | 90 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Ashanti Region |
| Currency | COP |
| Minimum loan size | COP 12,800,001 |
| Maximum loan size | 40,000,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 48.0 months |
| Approx average | 33.0 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 | |
| Irregular payments |
| Currency | GHS |
| Minimum loan size | GHS 2,000 |
| Maximum loan size | 10,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 50% |
| GHS 5,000-7,500 | 40% |
| GHS 7,500-10,000 | 10% |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 3.0 months |
| Loans 3 months or less | 90% |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 0 |
| 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 | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.75% |
| Highest quoted nominal interest | 2.25% |
| Reason(s) why interest rate varies | DTF |
| 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 | Estudio de credito |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50,000 |
| Fixed amount - max | 50,000 |
| Reason for variation | |
| Appears on Repayment Sched? | Yes |
| Fee 1 | |
|---|---|
| Description | Costo del recaudo |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 2,300 |
| Fixed amount - max | 2,300 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | Ins 2 | ||
|---|---|---|---|
| Description | Fondo de Garantias | Seguro de Vida | |
| % of loan amount - min | 15.00% | 30.00% | |
| % of loan amount - max | 15.00% | 30.00% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro Patrimonial |
| % 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 | 44.00% |
| Highest quoted nominal interest | 48.00% |
| Reason(s) why interest rate varies | Time as Client |
| 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 | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% - 25.00% |
| 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 | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Quarterly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | COP 22,000,000 | COP 38,000,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2011-04-27 | 2011-04-28 | |
| Loan Term (Months) | 18.0 months | 12.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 27.5% | 27.1% | |
| Insurance Component | 2.5% | 0.7% | |
| Tax Component | 0.0% | 0.0% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 29.9% | 27.8% | |
| Transparency Index | 70 | 76 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 8,018 | GHS 6,000 | GHS 3,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-05-03 | 2013-05-02 | 2013-06-21 | ||
| Loan Term (Months) | 3.1 months | 3.1 months | 3.1 months | ||
| Grace Period (Months) | 1.1 months | 1.1 months | 0.1 months | ||
| Total Cost of Credit | GHS 1,041.36 | GHS 780 | GHS 420 | ||
| True Price by Comp | |||||
| Interest price component | 41.4% | 41.4% | 45.0% | ||
| Fee Component | 8.0% | 8.1% | 8.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 8.3% | 8.3% | 8.9% | ||
| Full APR (int fee ins tax dep) | 57.7% | 57.8% | 61.9% | ||
| Transparency Index | 76 | 76 | 71 | ||
| 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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