| Number borrowers | 102 |
| Loan Amount (range) | GHS 400 - 15,000 |
| Loan Term (range) | 4 - 24 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health Education, Technology Management |
| Annual Interest & Method | 48.00% annual, Flat |
| Fees | 4.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 15.00%-30.00% upfront |
| Range of pricing | |
| Interest Price Component | 77.3% - 114.4% |
| Fee Component | 11.4% - 48.3% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 137.1% - 163.9% |
| Transparency Index (min/max) | 23 - 35 |
| Transparency Index (average) | 32 |
| 2,718 |
| BOB 14,000 - 140,000 |
| 27 - 118 |
| Credit Ins |
| 21.6% annual, Decl Bal |
| None |
| 1.43%-1.95% ongoing |
| None |
| N/A |
| 12.1% - 27.6% |
| 0 |
| 0.2% - 2.1% |
| 0 |
| 22.5% |
| 8 - 1062 |
| 96 |
| Outstanding portfolio (GHS) | GHS 77,200 |
| Portfolio (USD) | USD 39,187.82 |
| Active Clients with Loans | 102 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | Used for agricultural purposes |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Health Education |
| Other (2) | Technology Management |
| 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 own a farm or animals, fish, etc. |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 1 |
| Regions Active | Volta Region |
| Outstanding portfolio (BOB) | BOB 100,627,187 |
| Portfolio (USD) | USD 14,907,731.41 |
| Active Clients with Loans | 2,718 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | |
| 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 | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
| Currency | GHS |
| Minimum loan size | GHS 400 |
| Maximum loan size | 15,000 |
| Loans less than GHS 1,000 | 40% |
| GHS 1,000-5,000 | 30% |
| GHS 5,000-7,500 | 10% |
| GHS 7,500-10,000 | 15% |
| GHS 10,000-13,000 | 5% |
| Greater than GHS 13,000 | 5% |
| Shortest loan term | 4.0 months |
| Longest loan term | 24.0 months |
| Approx average | 14.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 15% |
| Between 7 and 9 months | 40% |
| Between 10 and 12 months | 40% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Currency | BOB |
| Minimum loan size | BOB 14,000 |
| Maximum loan size | 140,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 50% |
| BOB 40,000-70,000 | 30% |
| BOB 70,000-100,000 | 10% |
| BOB 100,000-125,000 | 5% |
| Greater than BOB 125,000 | 5% |
| Shortest loan term | 27.0 months |
| Longest loan term | 118.0 months |
| Approx average | 68.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| 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 | 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 |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 15.00% - 30.00% |
| 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 | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.80% |
| Highest quoted nominal interest | 1.80% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de desgravamen |
| % of loan amount - min | 1.43% |
| % of loan amount - max | 1.95% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | La comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente. |
| 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 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 800 | GHS 1,500 | GHS 3,000 | GHS 5,500 | GHS 6,000 | GHS 14,500 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 3 | 3 | 3 | |||||
| Disbursement Date | 2013-01-28 | 2012-12-28 | 2012-12-27 | 2013-04-16 | 2013-01-24 | 2013-04-16 | |||||
| Loan Term (Months) | 3.0 months | 6.0 months | 4.7 months | 5.4 months | 5.6 months | 9.0 months | |||||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.5 months | 0.2 months | 0.5 months | 0.2 months | |||||
| Total Cost of Credit | GHS 128 | GHS 408 | GHS 732 | GHS 1,562 | GHS 1,704.10 | GHS 6,496.30 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 79.8% | 77.3% | 85.9% | 93.9% | 86.6% | 89.7% | |||||
| Fee Component | 29.3% | 15.7% | 19.4% | 18.2% | 16.7% | 11.4% | |||||
| 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 | 35.0% | 44.1% | 46.5% | 51.8% | 39.3% | 43.5% | |||||
| Full APR (int fee ins tax dep) | 144.1% | 137.1% | 151.8% | 163.9% | 142.6% | 144.6% | |||||
| Transparency Index | 33 | 35 | 32 | 29 | 34 | 33 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 25,000 | BOB 36,000 | BOB 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-01-08 | 2013-09-18 | 2013-09-18 | ||
| Loan Term (Months) | 36.0 months | 36.0 months | 48.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 9,542.64 | BOB 13,741.46 | BOB 26,070.17 | ||
| True Price by Comp | |||||
| Interest price component | 21.7% | 21.7% | 21.7% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.8% | 0.8% | 0.8% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 22.5% | 22.5% | 22.5% | ||
| Transparency Index | 96 | 96 | 96 | ||
| 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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