| Number borrowers | 2,653 |
| Loan Amount (range) | GHS 500 - 5,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
| Annual Interest & Method | 32.00% annual, Flat |
| Fees | 3.00% upfront |
| Insurance | 1.00% upfront |
| Tax | None |
| Comp Dep | 25.00% upfront |
| Range of pricing | |
| Interest Price Component | 51.8% - 63.2% |
| Fee Component | 6.6% - 12.0% |
| Insurance Component | 0 - 3.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 108.4% - 114.8% |
| Transparency Index (min/max) | 21 - 30 |
| Transparency Index (average) | 28 |
| 1,869 |
| BOB 500 - 20,000 |
| 2 - 36 |
| Credit Ins, Tech Asst Visits, Business Training |
| 24.0%-36.0% annual, Decl Bal |
| ongoing ongoing |
| None |
| None |
| N/A |
| N/A |
| 55.2% - 58.9% (Int+Fee) |
| 0 |
| 0 - 0.8% |
| 55.2% - 58.9% |
| 0 - N/A |
| 41 |
| Outstanding portfolio (GHS) | GHS 1,070,242.75 |
| Portfolio (USD) | USD 543,270.43 |
| Active Clients with Loans | 2,653 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | x |
| 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 | 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 | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Ashanti Region |
| Outstanding portfolio (BOB) | BOB 4,807,190 |
| Portfolio (USD) | USD 712,176.30 |
| Active Clients with Loans | 1,869 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Negocio: Solo para Capital de Trabajo |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| 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 | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 500 |
| Maximum loan size | 5,000 |
| Loans less than GHS 1,000 | 10% |
| GHS 1,000-5,000 | 90% |
| 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 | 8.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 60% |
| Between 10 and 12 months | 40% |
| 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 |
| Currency | BOB |
| Minimum loan size | BOB 500 |
| Maximum loan size | 20,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 36.0 months |
| Approx average | 5.8 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments | x |
| Lowest quoted nominal interest | 32.00% |
| Highest quoted nominal interest | 32.00% |
| Interest rate period | Yearly |
| 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 | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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? | Yes |
| 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 | 25.00% |
| 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 | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Collateral |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Cargos administrativos y Formularios | Cargos administrativos por trámite desembolso | |
| % of loan amount - min | 0 | 0 | |
| % of loan amount - max | 1.20% | 2.50% | |
| OR, Fixed amount - min | 0 | 0 | |
| Fixed amount - max | 0 | 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 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 1,000 | GHS 1,200 | GHS 3,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2012-12-06 | 2012-12-06 | 2012-11-22 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 8.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.2 months | ||
| Total Cost of Credit | GHS 200 | GHS 240 | GHS 760 | ||
| True Price by Comp | |||||
| Interest price component | 51.8% | 51.8% | 56.1% | ||
| Fee Component | 10.9% | 10.9% | 9.2% | ||
| Insurance Component | 3.7% | 3.7% | 3.1% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 42.0% | 42.0% | 46.4% | ||
| Full APR (int fee ins tax dep) | 108.4% | 108.4% | 114.8% | ||
| Transparency Index | 30 | 30 | 28 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 3,000 | BOB 7,000 | BOB 14,000 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 3 | 3 | ||
| Disbursement Date | 2010-05-28 | 2010-06-24 | 2010-06-19 | ||
| Loan Term (Months) | 6.0 months | 6.5 months | 12.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 58.3% | 58.9% | 55.2% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 58.3% | 58.9% | 55.2% | ||
| Transparency Index | 41 | 41 | 43 | ||
| 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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