Outstanding portfolio (GHS) | GHS 2,452,823.66 |
Portfolio (USD) | USD 1,245,088.15 |
Active Clients with Loans | 1,239 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 80% - 100% |
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 | |
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 |
Currency | GHS |
Minimum loan size | GHS 300 |
Maximum loan size | 30,000 |
Loans less than GHS 1,000 | 5% |
GHS 1,000-5,000 | 50% |
GHS 5,000-7,500 | 20% |
GHS 7,500-10,000 | 10% |
GHS 10,000-13,000 | 5% |
Greater than GHS 13,000 | 5% |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 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 | 0 |
Average grace period | 0 |
Daily | x |
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 |
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 |
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 | 33.33% |
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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 1,000 | GHS 1,600 | GHS 3,000 | GHS 7,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | 3 | 5 | ||||
Disbursement Date | 2012-11-16 | 2013-03-01 | 2012-12-13 | 2013-02-20 | 2012-11-08 | ||||
Loan Term (Months) | 6.0 months | 8.0 months | 12.0 months | 10.0 months | 12.0 months | ||||
Grace Period (Months) | 0.2 months | -0.1 months | 0.0 months | -0.1 months | 0.0 months | ||||
Total Cost of Credit | GHS 54.75 | GHS 251.04 | GHS 631 | GHS 905.32 | GHS 2,754 | ||||
True Price by Comp | |||||||||
Interest price component | 54.5% | 60.1% | 63.1% | 59.4% | 63.2% | ||||
Fee Component | 12.0% | 9.6% | 6.6% | 8.0% | 6.7% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 79.5% | 82.6% | 69.4% | 75.4% | 69.7% | ||||
Full APR (int fee ins tax dep) | 146.0% | 152.3% | 139.1% | 142.8% | 139.6% | ||||
Transparency Index | 22 | 21 | 23 | 22 | 23 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 2006 |
Head of Institution | Ranjib Kumar Ghosh |
Regions active | |
# Branches | 6 |
Total Portfolio (nat'l) | INR 24,841,151 |
Total Portfolio (USD) | USD 468,700.96 |
Active clients with loans | 6,782 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | INR 3,000 - 15,000 | 8.6 | 80% - 100% | 20% - 40% | Business | Women | Credit Educ, Group Mtgs, Credit Ins |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 0 | 32.1% | 42.8% | N/A |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 11.0% annual, Flat | 1 Fee | 1 Ins | None | 10.0% upfront | 32.1% | 42.8% | 26 |
Key Statistics | |
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# Products | |
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# 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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