Number borrowers | 862 |
Loan Amount (range) | COP 12,800,001 - 40,000,000 |
Loan Term (range) | 4 - 48 |
Other Services (text summary) | |
Annual Interest & Method | 29.0%-31.6% annual, Decl Bal |
Fees | 50,000.00 upfront 2,300.00 ongoing |
Insurance | 30.00% upfront 1.00% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 30.9% - 32.5% (Int+Fee) |
Insurance Component | 0.5% - 2.5% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 32.8% - 34.7% |
Transparency Index (min/max) | 70 - 92 |
Transparency Index (average) | 86 |
273 |
GHS 270 - 15,000 |
6 - 24 |
Credit Educ, Credit Ins |
24.0% annual, Flat |
3.50% upfront 3.00 upfront |
1.00% ongoing |
None |
N/A |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
44.6% - 50.6% |
31 - 88 |
51 |
Outstanding portfolio (COP) | COP 15,699,895,598 |
Portfolio (USD) | USD 8,626,316.26 |
Active Clients with Loans | 862 |
Approximate % Female Clients | 60% - 80% |
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 | x |
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 284,584 |
Portfolio (USD) | USD 144,458.88 |
Active Clients with Loans | 273 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | 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 | 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 270 |
Maximum loan size | 15,000 |
Loans less than GHS 1,000 | 60% |
GHS 1,000-5,000 | 40% |
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 | 24.0 months |
Approx average | 14.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 10% |
Longer than 18 months | 20% |
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 | 2.42% |
Highest quoted nominal interest | 2.63% |
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 | |
---|---|
Description | SEGURO DE VIDA |
% of loan amount - min | 30.00% |
% of loan amount - max | 30.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | SEGURO PATRIMONIAL AIG |
% 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? | 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 | 24.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
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 | 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 | ||
---|---|---|---|
Loan Amount | COP 15,000,000 | COP 30,000,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2011-05-02 | 2011-04-28 | |
Loan Term (Months) | 36.0 months | 36.0 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 | 30.9% | 32.5% | |
Insurance Component | 2.0% | 2.1% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 32.8% | 34.7% | |
Transparency Index | 88 | 84 | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 900 | GHS 1,639.59 | GHS 3,200 | GHS 10,000 | GHS 5,400 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2012-11-16 | 2012-10-10 | 2012-09-28 | 2012-06-14 | 2012-09-27 | 2012-10-24 | |||||
Loan Term (Months) | 12.0 months | 24.0 months | 12.0 months | 24.0 months | 24.0 months | 24.0 months | |||||
Grace Period (Months) | 0.4 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.2 months | |||||
Total Cost of Credit | GHS 90.66 | GHS 475.50 | GHS 470.27 | GHS 1,683 | GHS 5,272.92 | GHS 2,820 | |||||
True Price by Comp | |||||||||||
Interest price component | 39.7% | 40.2% | 41.1% | 40.2% | 40.4% | 39.5% | |||||
Fee Component | 8.6% | 4.3% | 7.4% | 4.0% | 4.0% | 3.9% | |||||
Insurance Component | 1.5% | 1.2% | 2.1% | 1.2% | 1.1% | 1.2% | |||||
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) | 49.8% | 45.7% | 50.6% | 45.4% | 45.5% | 44.6% | |||||
Transparency Index | 48 | 53 | 47 | 53 | 53 | 54 | |||||
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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