| Number borrowers | 1,556 |
| Loan Amount (range) | GHS 500 - 2,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 5 upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 58.2% - 68.4% |
| Fee Component | 0.9% - 6.0% |
| Insurance Component | 2.1% - 4.2% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 73.9% - 85.0% |
| Transparency Index (min/max) | 41 - 49 |
| Transparency Index (average) | 46 |
| 990 |
| BOB 300 - 21,000 |
| 4 - 24 |
| Credit Ins, Tech Asst Visits |
| 14.4%-21.6% annual, Decl Bal |
| 16.00-20.00 ongoing |
| 0.12%-0.72% ongoing |
| None |
| N/A |
| 14.3% - 21.7% |
| 4.0% - 18.7% |
| 0.5% - 0.7% |
| 0 |
| 26.1% - 28.5% |
| 35 - 71 |
| 53 |
| Outstanding portfolio (GHS) | GHS 1,638,834 |
| Portfolio (USD) | USD 858,028 |
| Active Clients with Loans | 1,556 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | |
| 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 have a business plan |
| Other (2) |
| # Regions for this institution | 4 |
| # Regions for this product | 4 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Ashanti Region |
| Outstanding portfolio (BOB) | BOB 7,499,754.50 |
| Portfolio (USD) | USD 1,111,074.74 |
| Active Clients with Loans | 990 |
| Approximate % Female Clients | 40% - 60% |
| 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 | x |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | La Paz |
| Currency | GHS |
| Minimum loan size | GHS 500 |
| Maximum loan size | 2,000 |
| Loans less than GHS 1,000 | 80% |
| GHS 1,000-5,000 | 20% |
| 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 | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 10.0 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 | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | BOB |
| Minimum loan size | BOB 300 |
| Maximum loan size | 21,000 |
| Loans less than BOB 10,000 | 80% |
| BOB 10,000-40,000 | 20% |
| BOB 40,000-70,000 | 0 |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 4.0 months |
| Longest loan term | 24.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 10% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 40% |
| Longer than 18 months | 10% |
| 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 | 3.00% |
| Highest quoted nominal interest | 3.00% |
| 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 | Registration Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 5 |
| Fixed amount - max | 5 |
| 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 | N/A |
| 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 | 10.00% |
| 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 | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.20% |
| Highest quoted nominal interest | 1.80% |
| Reason(s) why interest rate varies | Client Risk, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Cobro por Formularios |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 16 |
| Fixed amount - max | 20 |
| Reason for variation | Fee varies based on loan amount. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.12% |
| % of loan amount - max | 0.72% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Insurance fee is 0.03% per month, charged on the disbursed loan amount. |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 1,100 | GHS 1,200 | GHS 1,400 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-12-10 | 2012-08-06 | 2013-03-25 | ||
| Loan Term (Months) | 11.0 months | 12.0 months | 11.0 months | ||
| Grace Period (Months) | 0.7 months | 0.5 months | 0.2 months | ||
| Total Cost of Credit | GHS 401 | GHS 437 | GHS 509 | ||
| True Price by Comp | |||||
| Interest price component | 60.9% | 59.6% | 68.4% | ||
| Fee Component | 1.0% | 0.9% | 0.9% | ||
| Insurance Component | 2.2% | 2.1% | 2.4% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 11.3% | 11.3% | 13.3% | ||
| Full APR (int fee ins tax dep) | 75.4% | 73.9% | 85.0% | ||
| Transparency Index | 48 | 49 | 42 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 3,000 | BOB 5,000 | BOB 10,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-04-01 | 2013-01-07 | 2013-07-20 | ||
| Loan Term (Months) | 18.0 months | 8.0 months | 15.0 months | ||
| Grace Period (Months) | 0.0 months | 0.1 months | 0.0 months | ||
| Total Cost of Credit | BOB 646.20 | BOB 565.76 | BOB 1,870.33 | ||
| True Price by Comp | |||||
| Interest price component | 14.3% | 21.7% | 21.7% | ||
| Fee Component | 11.2% | 6.3% | 4.0% | ||
| Insurance Component | 0.6% | 0.5% | 0.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 26.1% | 28.5% | 26.3% | ||
| Transparency Index | 55 | 50 | 55 | ||
| 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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