| Number borrowers | 170 |
| Loan Amount (range) | GHS 1,500 - 5,000 |
| Loan Term (range) | 4 - 8 |
| Other Services (text summary) | Credit Educ, Tech Asst Visits, Business Training |
| Annual Interest & Method | 48.00% annual, Flat |
| Fees | 4.00% upfront |
| Insurance | None |
| Tax | None |
| Comp Dep | 15.00%-20.00% 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) | 157.9% - 182.6% |
| Transparency Index (min/max) | 23 - 35 |
| Transparency Index (average) | 28 |
| 148,447 |
| MAD 3,000 - 20,000 |
| 6 - 30 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Formation Initiale pour les nouveaux clients |
| 25.2% annual, Decl Bal |
| 125.00 upfront 1.50% upfront |
| None |
| None |
| N/A |
| 10.3% - 31.5% |
| 0.7% - 15.2% |
| 0 |
| 0 |
| 27.9% - 40.7% |
| 62 - 107 |
| 75 |
| Outstanding portfolio (GHS) | GHS 7,350 |
| Portfolio (USD) | USD 3,730.96 |
| Active Clients with Loans | 170 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| 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 | |
| Credit insurance | |
| Workplace visits | x |
| 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 | Must be a graduate from a small group loan |
| Other (2) | Must provide guarantor |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Greater Accra Region, Volta Region |
| Outstanding portfolio (MAD) | MAD 775,008,000 |
| Portfolio (USD) | USD 91,177,411.76 |
| Active Clients with Loans | 148,447 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Financement du fonds de roulement ou d'investissement |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Formation Initiale pour les nouveaux clients |
| 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) | Jouir d'une bonne moralité |
| # Regions for this institution | 12 |
| # Regions for this product | 12 |
| Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
| Currency | GHS |
| Minimum loan size | GHS 1,500 |
| Maximum loan size | 5,000 |
| Loans less than GHS 1,000 | 0 |
| GHS 1,000-5,000 | 100% |
| GHS 5,000-7,500 | 0 |
| GHS 7,500-10,000 | 0 |
| GHS 10,000-13,000 | 0 |
| Greater than GHS 13,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 5.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 40% |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 1.0 month |
| 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 | x |
| Currency | MAD |
| Minimum loan size | MAD 3,000 |
| Maximum loan size | 20,000 |
| Loans less than MAD 5,000 | 10% |
| MAD 5,000-15,000 | 70% |
| MAD 15,000-25,000 | 20% |
| MAD 25,000-35,000 | 0 |
| MAD 35,000-45,000 | 0 |
| Greater than MAD 45,000 | 0 |
| Shortest loan term | 6.0 months |
| Longest loan term | 30.0 months |
| Approx average | 16.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 50% |
| Longer than 18 months | 15% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| 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? | Yes |
| 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% - 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 | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.10% |
| Highest quoted nominal interest | 2.10% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Frais de dossier | Commission d'accompagnement solidaire (CAS) | |
| % of loan amount - min | 0 | 1.50% | |
| % of loan amount - max | 0 | 1.50% | |
| OR, Fixed amount - min | 125 | 0 | |
| Fixed amount - max | 125 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | 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 1,500 | GHS 1,500 | GHS 2,800 | GHS 2,900 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | 2 | 3 | 3 | |||
| Disbursement Date | 2013-04-18 | 2012-12-26 | 2012-12-26 | 2012-12-26 | |||
| Loan Term (Months) | 4.4 months | 3.5 months | 4.7 months | 5.6 months | |||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
| Total Cost of Credit | GHS 436.20 | GHS 300 | GHS 683.14 | GHS 823.71 | |||
| True Price by Comp | |||||||
| Interest price component | 114.4% | 92.7% | 90.2% | 90.3% | |||
| Fee Component | 21.6% | 26.2% | 20.5% | 17.6% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 46.6% | 55.7% | 52.0% | 50.0% | |||
| Full APR (int fee ins tax dep) | 182.6% | 174.6% | 162.7% | 157.9% | |||
| Transparency Index | 26 | 27 | 29 | 30 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MAD 3,000 | MAD 5,000 | MAD 10,000 | MAD 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-04-04 | 2013-04-26 | 2013-03-28 | 2013-04-18 | |||
| Loan Term (Months) | 9.0 months | 12.0 months | 13.0 months | 23.0 months | |||
| Grace Period (Months) | 0.4 months | 0.3 months | 0.4 months | 0.4 months | |||
| Total Cost of Credit | MAD 482 | MAD 875 | MAD 1,822 | MAD 5,786 | |||
| True Price by Comp | |||||||
| Interest price component | 25.5% | 25.6% | 25.6% | 25.5% | |||
| Fee Component | 15.2% | 8.4% | 5.1% | 2.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| 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) | 40.7% | 34.0% | 30.7% | 27.9% | |||
| Transparency Index | 62 | 74 | 82 | 90 | |||
| 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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