Number borrowers | 70,077 |
Loan Amount (range) | GHS 300 - 1,000 |
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) | 81.5% - 87.5% |
Transparency Index (min/max) | 41 - 49 |
Transparency Index (average) | 42 |
10,593 |
MAD 500 - 15,000 |
3 - 18 |
Group Mtgs, Other Training |
19.2%-24.0% annual, Flat |
20.00-150.00 ongoing |
None |
None |
N/A |
26.3% - 47.4% |
1.4% - 6.3% |
0 |
0 |
40.0% - 49.6% |
36 - 83 |
41 |
Outstanding portfolio (GHS) | GHS 34,579,766 |
Portfolio (USD) | USD 18,104,590 |
Active Clients with Loans | 70,077 |
Approximate % Female Clients | 80% - 100% |
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 | |
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 | |
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 (MAD) | MAD 53,774,645 |
Portfolio (USD) | USD 6,326,428.82 |
Active Clients with Loans | 10,593 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
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 | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
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 | 5 |
# Regions for this product | 5 |
Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra |
Currency | GHS |
Minimum loan size | GHS 300 |
Maximum loan size | 1,000 |
Loans less than GHS 1,000 | 100% |
GHS 1,000-5,000 | 0 |
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 | 90% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.5 months |
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 | MAD |
Minimum loan size | MAD 500 |
Maximum loan size | 15,000 |
Loans less than MAD 5,000 | 40% |
MAD 5,000-15,000 | 60% |
MAD 15,000-25,000 | 0 |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 18.0 months |
Approx average | 11.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 60% |
Between 13 and 18 months | 30% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | non |
Daily | |
Weekly | |
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 | 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 | 1.60% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk, N/A |
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 | Frais Dossier |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 150 |
Reason for variation | MAD 20 for loans < MAD 2000 and 1% of loan amount for loans > MAD 2000 |
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 300 | GHS 600 | GHS 900 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-07-23 | 2013-01-28 | 2013-02-01 | ||
Loan Term (Months) | 7.0 months | 6.0 months | 5.8 months | ||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | ||
Total Cost of Credit | GHS 62 | GHS 119 | GHS 176 | ||
True Price by Comp | |||||
Interest price component | 58.2% | 63.1% | 66.4% | ||
Fee Component | 6.0% | 3.2% | 2.3% | ||
Insurance Component | 3.7% | 4.0% | 4.2% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 13.6% | 14.0% | 14.6% | ||
Full APR (int fee ins tax dep) | 81.5% | 84.3% | 87.5% | ||
Transparency Index | 44 | 43 | 41 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | MAD 1,000 | MAD 2,500 | MAD 5,000 | MAD 9,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-03-04 | 2013-04-26 | 2013-03-26 | 2013-04-17 | |||
Loan Term (Months) | 7.0 months | 9.0 months | 9.0 months | 11.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | MAD 180 | MAD 530 | MAD 1,070 | MAD 1,835 | |||
True Price by Comp | |||||||
Interest price component | 43.8% | 47.2% | 47.4% | 38.2% | |||
Fee Component | 5.1% | 2.2% | 2.2% | 1.8% | |||
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) | 48.9% | 49.4% | 49.6% | 40.0% | |||
Transparency Index | 39 | 39 | 39 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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 |
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