| Number borrowers | 181 |
| Loan Amount (range) | GHS 100 - 5,000 |
| Loan Term (range) | 1 - 6 |
| Other Services (text summary) | Group Mtgs, Business Training |
| Annual Interest & Method | 72.00%-88.20% annual, Flat |
| Fees | 4.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 20.00%- upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 168.1% - 207.8% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 242.2% - 311.7% |
| Transparency Index (min/max) | 0 - N/A |
| Transparency Index (average) | 25 |
| 9,295 |
| INR 6,000 - 12,000 |
| 12 |
| Credit Educ, Group Mtgs, Credit Ins |
| 12.0% annual, Flat |
| None |
| 3.00% upfront |
| None |
| N/A |
| N/A |
| 25.7% (Int+Fee) |
| 0.9% - 1.0% |
| 0 |
| 26.7% |
| 45 - 79 |
| 45 |
| Outstanding portfolio (GHS) | GHS 35,000 |
| Portfolio (USD) | USD 17,766.50 |
| Active Clients with Loans | 181 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| 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 | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | x |
| 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 | 1 |
| # Regions for this product | 1 |
| Regions Active | Western Region |
| Outstanding portfolio (INR) | INR 26,405,230 |
| Portfolio (USD) | USD 498,211.89 |
| Active Clients with Loans | 9,295 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | |
| Self help group | x |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Household income <60,000 INR | |
| Household income <120,000 INR | |
| Must live in rural area | |
| Must lives in urban area | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 100 |
| Maximum loan size | 5,000 |
| Shortest loan term | 1.0 month |
| Longest loan term | 6.0 months |
| Approx average | 3.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| Currency | INR |
| Minimum loan size | INR 6,000 |
| Maximum loan size | 12,000 |
| Loans less than INR 5,000 | 0 |
| INR 5,000-15,000 | 100% |
| INR 15,000-25,000 | 0 |
| INR 25,000-35,000 | 0 |
| INR 35,000-45,000 | 0 |
| Greater than INR 45,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| 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 | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 6.00% |
| Highest quoted nominal interest | 7.35% |
| Reason(s) why interest rate varies | Time as Client, Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Administration Fee |
| % of loan amount - min | 4.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| 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 | 20.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 12.00% |
| Highest quoted nominal interest | 12.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Upfront and Insurance |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| 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 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 700 | GHS 1,400 | GHS 3,200 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | 3 | ||
| Disbursement Date | 2011-04-05 | 2011-04-20 | 2011-02-11 | ||
| Loan Term (Months) | 2.1 months | 2.1 months | 3.0 months | ||
| Grace Period (Months) | 1.0 month | 1.0 month | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 207.8% | 168.1% | 195.7% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 103.9% | 74.1% | 96.6% | ||
| Full APR (int fee ins tax dep) | 311.7% | 242.2% | 292.3% | ||
| Transparency Index | 23 | 30 | 25 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | |
|---|---|
| Loan Amount | INR 9,000 |
| Loan Cycle (1, 2, 3, etc) | 1 |
| Disbursement Date | 2010-08-09 |
| Loan Term (Months) | 12.0 months |
| Grace Period (Months) | 0 |
| Total Cost of Credit | Not Known |
| True Price by Comp | |
| Interest and Fee Component | 25.7% |
| Insurance Component | 1.0% |
| Tax Component | 0 |
| Deposit Component | 0 |
| Full APR (int fee ins tax dep) | 26.7% |
| MFIN MFI Earning (Annualised) | 25.7% |
| MFIN Cost to Borrower (Annualised) | 26.7% |
| Transparency Index | 45 |
| MFIN Transparency Index | N/A |
| 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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