Number borrowers | 2,293 |
Loan Amount (range) | COP 1,606,800 - 21,424,000 |
Loan Term (range) | 12 - 180 |
Other Services (text summary) | |
Annual Interest & Method | 14.0% annual, Flat |
Fees | None |
Insurance | 4.00% upfront 17.00%-23.00% ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 15.1% - 15.3% (Int+Fee) |
Insurance Component | 0.6% - 3.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 17.4% - 18.1% |
Transparency Index (min/max) | 78 - 105 |
Transparency Index (average) | 79 |
8,946 |
GHS 280 - 8,000 |
3 - 8 |
Credit Educ, Group Mtgs |
38.0% annual, Flat |
3.50% upfront |
1.00% ongoing |
None |
15.0%-20.0% upfront |
33.9% - 69.6% |
2.9% - 24.0% |
0.5% - 4.4% |
0 |
96.6% - 124.1% |
31 - 88 |
35 |
Outstanding portfolio (COP) | COP 18,873,499,724 |
Portfolio (USD) | USD 10,370,054.79 |
Active Clients with Loans | 2,293 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
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 | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | Tener ahorro programado 10% valor de la vivienda- con esto of property |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (GHS) | GHS 11,558,085 |
Portfolio (USD) | USD 5,867,048.22 |
Active Clients with Loans | 8,946 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
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 | x |
Credit insurance | |
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 | |
Must be specific age group | |
Other | Must be a good group loan client. |
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 1,606,800 |
Maximum loan size | 21,424,000 |
Shortest loan term | 12.0 months |
Longest loan term | 180.0 months |
Approx average | 120.0 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 280 |
Maximum loan size | 8,000 |
Loans less than GHS 1,000 | 20% |
GHS 1,000-5,000 | 20% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 40% |
GHS 10,000-13,000 | 0 |
Greater than GHS 13,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 8.0 months |
Approx average | 5.0 months |
Loans 3 months or less | 20% |
Between 4 and 6 months | 50% |
Between 7 and 9 months | 30% |
Between 10 and 12 months | 0 |
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 | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.17% |
Highest quoted nominal interest | 1.17% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro de Vida |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguros de Incendio |
% of loan amount - min | 17.00% |
% of loan amount - max | 23.00% |
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 | 38.00% |
Highest quoted nominal interest | 38.00% |
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 | Processing Fee |
% of loan amount - min | 3.50% |
% of loan amount - max | 3.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
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 | 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 | 15.00% - 20.00% |
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 | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 3,552,000 | COP 6,432,000 | COP 13,000,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-02-23 | 2011-02-23 | 2011-03-30 | ||
Loan Term (Months) | 48.0 months | 96.0 months | 120.0 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 | 15.1% | 15.3% | 15.3% | ||
Insurance Component | 3.0% | 2.3% | 2.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 18.1% | 17.5% | 17.4% | ||
Transparency Index | 78 | 80 | 81 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 400 | GHS 600 | GHS 1,500 | GHS 2,700 | GHS 5,800 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2012-11-30 | 2013-01-17 | 2013-01-07 | 2012-12-20 | 2013-01-22 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 8.0 months | 6.0 months | ||||
Grace Period (Months) | 0.4 months | 0.4 months | 0.5 months | 0.4 months | 0.6 months | ||||
Total Cost of Credit | GHS 97.56 | GHS 144.96 | GHS 366.30 | GHS 803.78 | GHS 1,401.72 | ||||
True Price by Comp | |||||||||
Interest price component | 65.0% | 65.0% | 56.1% | 57.4% | 61.7% | ||||
Fee Component | 16.6% | 15.6% | 12.0% | 9.7% | 12.8% | ||||
Insurance Component | 3.2% | 3.2% | 2.7% | 2.1% | 2.9% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 39.3% | 38.8% | 27.5% | 27.4% | 22.9% | ||||
Full APR (int fee ins tax dep) | 124.1% | 122.6% | 98.3% | 96.6% | 100.3% | ||||
Transparency Index | 31 | 31 | 39 | 39 | 38 | ||||
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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