Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.worldvision.org/ |
Year established | 2001 |
Head of Institution | Spencer Badu |
Regions active | Greater Accra Region, Central Region, Western Region, Eastern Region, Volta Region, Ashanti Region, Brong Ahafo Region, Northern Region, Upper East Region, Upper West Region |
# Branches | 7 |
Total Portfolio (nat'l) | GHS 3,697,508 |
Total Portfolio (USD) | USD 1,876,907.61 |
Active clients with loans | 13,774 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 0% - 20% |
Network affiliations | ASSFIN, GHAMFIN, Vision Fund International |
Funders | World Vision International, Vision Fund International |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Farmer Loan | GHS 300 - 7,000 | 6 - 8 | 60% - 80% | 0% - 20% | Business, Agriculture | Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year | Group Mtgs, Credit Ins, Business Training, Other Training, Extention Services | |||||||
Working Capital Loan | GHS 800 - 8,500 | 4 - 12 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group, Must be resident in community near branch for at least on year | Group Mtgs, Credit Ins, Business Training, Other Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Farmer Loan | 39.00%-52.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00%-20.00% upfront | 43.1% - 51.9% | 55.1% - 68% | 65 | ||||||||
Working Capital Loan | 39.00%-52.00% annual, Flat | 2 Fees | 1 Ins | None | 15.00%-20.00% upfront | 81.2% - 106.3% | 119.1% - 182.5% | 24 |
Outstanding portfolio (USD) | USD 12,043,949.70 |
Portfolio (USD) | USD 12,043,949.70 |
Active Clients with Loans | 11,133 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 13 |
# Regions for this product | 13 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Speu, Kampot, KandalKratié, Oddar Meancheay, Phnom Penh, Prey VengSiem Reap, Svay Rieng, Takéo |
Currency | USD |
Minimum loan size | USD 200 |
Maximum loan size | 5,000 |
Loans less than USD 250 | 5% |
USD 250-1,000 | 30% |
USD 1,000-1,500 | 30% |
USD 1,500-2,000 | 20% |
USD 2,000-2,500 | 10% |
Greater than USD 2,500 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 60% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 1.80% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
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 | |
---|---|
Description | Credit Bureau Cambodia - CBC Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 0.20 |
Fixed amount - max | 2.90 |
Reason for variation | Charge 800KHR/0.19USD for loan size <2,000,000 KHR/482USD. Charge 12,000 KHR/2.9USD for > 2,000,000 KHR |
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 | USD 300 | USD 600 | USD 1,300 | USD 1,800 | USD 2,500 | USD 3,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-01-14 | 2013-02-21 | 2013-02-18 | 2013-02-13 | 2013-02-26 | 2013-02-07 | |||||
Loan Term (Months) | 12.0 months | 13.0 months | 15.0 months | 24.0 months | 24.0 months | 18.0 months | |||||
Grace Period (Months) | -0.4 months | 0.4 months | -0.3 months | 0.0 months | -0.2 months | 0.0 months | |||||
Total Cost of Credit | USD 47.73 | USD 108.28 | USD 256.18 | USD 459.90 | USD 613.62 | USD 523.80 | |||||
True Price by Comp | |||||||||||
Interest price component | 31.0% | 30.0% | 30.1% | 24.1% | 23.5% | 21.7% | |||||
Fee Component | 0.1% | 0.9% | 0.4% | 0.2% | 0.1% | 0.1% | |||||
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 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Full APR (int fee ins tax dep) | 31.1% | 30.9% | 30.5% | 24.3% | 23.6% | 21.8% | |||||
Transparency Index | 69 | 70 | 71 | 89 | 91 | 99 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
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% Products with compulsory deposits |
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