Outstanding portfolio (GHS) | GHS 5,323,267.03 |
Portfolio (USD) | USD 2,702,166.01 |
Active Clients with Loans | 1,867 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | |
Other (2) |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Western Region |
Currency | GHS |
Minimum loan size | GHS 5,000 |
Maximum loan size | 25,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 0 |
GHS 5,000-7,500 | 40% |
GHS 7,500-10,000 | 40% |
GHS 10,000-13,000 | 10% |
Greater than GHS 13,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | DK |
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 | 35.00% |
Highest quoted nominal interest | 37.00% |
Reason(s) why interest rate varies | Duration of Loan |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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 | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.50% |
% of loan amount - max | 1.50% |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 6,000 | GHS 10,000 | GHS 12,000 | GHS 8,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-26 | 2012-10-01 | 2012-12-31 | 2012-12-01 | |||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | GHS 2,430 | GHS 4,050 | GHS 4,860 | GHS 3,240 | |||
True Price by Comp | |||||||
Interest price component | 58.0% | 58.0% | 58.0% | 58.1% | |||
Fee Component | 8.3% | 8.3% | 8.3% | 8.3% | |||
Insurance Component | 3.3% | 3.3% | 3.3% | 3.3% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 69.6% | 69.6% | 69.6% | 69.7% | |||
Transparency Index | 50 | 50 | 50 | 50 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
Actuar Caldas | 3,700 | 5,247,000 | 1 | 170 |
Actuar Quindio | 2,300 | 2,800,000 | 2 | 170 |
Actuar Tolima | 8,800 | 5,099,000 | 3 | 170 |
Amanecer | 4,300 | 8,253,000 | 4 | 170 |
Banco Agrario | 56,300 | 39,938,000 | 3 | 170 |
Banco WWB | 219,400 | 294,019,000 | 5 | 165 |
Bancolombia | 36,200 | 51,563,000 | 1 | 170 |
BdO | 10,400 | 7,945,000 | 2 | 170 |
Comerciacoop | 1,600 | 3,255,000 | 4 | 170 |
Confiar | 43,800 | 81,993,000 | 7 | 170 |
Congente | 5,400 | 20,045,000 | 2 | 170 |
Contactar | 25,100 | 20,184,000 | 2 | 170 |
Crezcamos | 27,500 | 22,564,000 | 4 | 170 |
Finamerica | 39,800 | 99,536,000 | 7 | 170 |
FMM Popayán | 310,000 | 243,614,000 | 3 | 170 |
FMSD | 6,800 | 9,236,000 | 6 | 170 |
Fomentamos | 900 | 102,000 | 1 | 170 |
Fund DeLaMujer | 199,900 | 165,568,000 | 1 | 170 |
Fund Oleoductos | 500 | 435,000 | 1 | 165 |
FUNDAUNIBAN | 600 | 1,307,000 | 2 | 170 |
FUNDESAN | 2,400 | 2,521,000 | 5 | 170 |
FUNDESMAG | 1,000 | 1,698,000 | 2 | 170 |
Interactuar | 30,200 | 93,846,000 | 4 | 170 |
MEDA | 15,600 | 27,322,000 | 2 | 170 |
ProCredit CO | 5,700 | 18,569,000 | 3 | 170 |
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 |
---|---|---|---|---|---|---|---|