| Number borrowers | 760 |
| Loan Amount (range) | USD 400 - 50,000 |
| Loan Term (range) | 4 - 30 |
| Other Services (text summary) | Credit Educ |
| Annual Interest & Method | 18.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 15.4% - 23.1% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 18.2% - 27.1% |
| Transparency Index (min/max) | 66 - 99 |
| Transparency Index (average) | 77 |
| 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 (USD) | USD 14,598,939 |
| Portfolio (USD) | USD 14,598,939 |
| Active Clients with Loans | 760 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | x |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| 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 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 | USD |
| Minimum loan size | USD 400 |
| Maximum loan size | 50,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 30.0 months |
| Approx average | 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 | |
| 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 | 18.00% |
| Highest quoted nominal interest | 18.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | Some |
| Criteria | Los ahorros de plazo fijo que al cliente le damos un interes y tambien en sus ahorros mantenidos en su cuenta el interes se deposita mensual. |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Monthly |
| 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 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | USD 400 | USD 800 | USD 2,020 | USD 3,636 | USD 8,080 | USD 13,332 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2010-08-05 | 2010-08-03 | 2010-08-16 | 2010-08-04 | 2010-08-31 | 2010-08-27 | |||||
| Loan Term (Months) | 6.0 months | 12.0 months | 15.0 months | 24.0 months | 30.0 months | 30.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 23.1% | 22.3% | 15.4% | 20.3% | 20.3% | 18.2% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 4.0% | 4.2% | 2.8% | 3.8% | 3.9% | 3.4% | |||||
| Full APR (int fee ins tax dep) | 27.1% | 26.4% | 18.2% | 24.1% | 24.1% | 21.7% | |||||
| Transparency Index | 66 | 68 | 99 | 75 | 75 | 83 | |||||
| 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 | |
|---|---|
| # 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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