Number borrowers | 5,082 |
Loan Amount (range) | GHS 100 - 1,000 |
Loan Term (range) | 4 |
Other Services (text summary) | Credit Educ, Group Mtgs, Health and nutrition training, Clean up exercises (sanitation) |
Annual Interest & Method | 36.00% annual, Flat |
Fees | None |
Insurance | None |
Tax | None |
Comp Dep | 10.00% upfront |
Range of pricing | |
Interest Price Component | 63.1% - 91.9% |
Fee Component | 0 - 19.1% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 75.6% |
Transparency Index (min/max) | 48 - 59 |
Transparency Index (average) | 47 |
266 |
USD 250 - 24,000 |
1 - 24 |
20.4%-27.6% annual, Decl Bal |
0.50%-0.00% upfront |
None |
None |
None |
18.3% - 30.7% |
0.5% - 8.3% |
0 |
0 |
20.3% - 37.0% |
55 - 101 |
79 |
Outstanding portfolio (GHS) | GHS 1,575,561 |
Portfolio (USD) | USD 799,777.16 |
Active Clients with Loans | 5,082 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | Health and nutrition training |
Other (2) | Clean up exercises (sanitation) |
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 be a group member and must have lived in the community for at least one year |
Other (2) | Must have group guarantee |
# Regions for this institution | 1 |
# Regions for this product | 1 |
Regions Active | Northern Region |
Outstanding portfolio (USD) | USD 407,300 |
Portfolio (USD) | USD 407,300 |
Active Clients with Loans | 266 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
Agriculture | |
Education | x |
Other household finance | x |
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 | |
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 | Phnom Penh |
Currency | GHS |
Minimum loan size | GHS 100 |
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 | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 100% |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 0.2 months |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 250 |
Maximum loan size | 24,000 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 10% |
USD 1,000-1,500 | 30% |
USD 1,500-2,000 | 20% |
USD 2,000-2,500 | 15% |
Greater than USD 2,500 | 15% |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | DK |
Loans 3 months or less | 5% |
Between 4 and 6 months | 10% |
Between 7 and 9 months | 10% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 40% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | DK |
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 | 36.00% |
Highest quoted nominal interest | 36.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% 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 | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.70% |
Highest quoted nominal interest | 2.30% |
Reason(s) why interest rate varies | Depends client circumstances - poorer people are charged a lower rate. |
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 | Processing Fee |
% of loan amount - min | 0.50% |
% of loan amount - max | 0 |
OR, Fixed amount - min | 0 |
Fixed amount - max | 40 |
Reason for variation | 0.5% subject to a maximum of 40 USD |
Appears on Repayment Sched? | Yes |
Required for | Some |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 0 |
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 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | GHS 300 | GHS 400 | GHS 500 | GHS 600 | |||
Loan Cycle (1, 2, 3, etc) | 2 | 2 | 2 | 2 | |||
Disbursement Date | 2013-01-18 | 2013-01-18 | 2013-01-18 | 2013-01-18 | |||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 months | 4.0 months | |||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||
Total Cost of Credit | GHS 36 | GHS 48 | GHS 60 | GHS 72 | |||
True Price by Comp | |||||||
Interest price component | 63.1% | 63.1% | 63.1% | 63.1% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 12.5% | 12.5% | 12.5% | 12.5% | |||
Full APR (int fee ins tax dep) | 75.6% | 75.6% | 75.6% | 75.6% | |||
Transparency Index | 48 | 48 | 48 | 48 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | USD 250 | USD 600 | USD 1,200 | USD 1,800 | USD 2,400 | USD 3,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-03-16 | 2012-11-03 | 2013-01-21 | 2011-12-28 | 2012-01-13 | 2012-08-17 | |||||
Loan Term (Months) | 5.1 months | 6.0 months | 12.0 months | 61.0 months | 49.0 months | 12.0 months | |||||
Grace Period (Months) | 0.0 months | 0.9 months | 0.2 months | 0.0 months | -0.1 months | -0.3 months | |||||
Total Cost of Credit | USD 20.75 | USD 48.95 | USD 171 | USD 995.90 | USD 1,196 | USD 332.28 | |||||
True Price by Comp | |||||||||||
Interest price component | 24.8% | 30.7% | 23.2% | 20.9% | 23.8% | 18.3% | |||||
Fee Component | 8.3% | 6.3% | 2.4% | 1.0% | 0.5% | 2.0% | |||||
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) | 33.1% | 37.0% | 25.6% | 21.9% | 24.3% | 20.3% | |||||
Transparency Index | 62 | 55 | 80 | 93 | 84 | 100 | |||||
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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