BestFUND - Capacity Loan - MFTransparency.org Truth In Lending Tables

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Institution

BestFUND Head OfficeCantomentsAccra, Greater AccraP.O. Box CT 5217

Data approved: 2013-03-04

Data version: 2

Age of data: 135 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 2,110,130
Portfolio (USD)	USD 1,071,131.98
Active Clients with Loans	1,211
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking	x
Self help group
Other

Description

Designed for individuals with businessness requesting a larger loan size than Individual Loan.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education	x
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance	x
Workplace visits	x
Business training
Other training
Other
Other (2)
No other services

Eligibility

Men	x
Women	x
Must run a business	x
Must own a home or land
Must be a salaried worker	x
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Greater Accra Region, Ashanti Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 3,000
Maximum loan size	8,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	0
GHS 1,000-5,000	30%
GHS 5,000-7,500	60%
GHS 7,500-10,000	10%
GHS 10,000-13,000	0
Greater than GHS 13,000	0

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	10.0 months
Approx average	dk

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	30%
Between 7 and 9 months	70%
Between 10 and 12 months	0
Between 13 and 18 months	0
Longer than 18 months	0

Grace Period

Grace period usage	100%
Average grace period	1.0 month

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	3.00%
Highest quoted nominal interest	8.00%
Reason(s) why interest rate varies	Client Risk
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	Final Pmt

Interest Paid on Deposit

Minimum interest rate paid	4.00%
Maximum interest rate paid	4.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Capacity Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	GHS 3,000	GHS 3,200	GHS 6,500	GHS 6,600
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2013-01-03	2013-01-15	2013-01-07	2013-03-04
Loan Term (Months)	4.0 months	4.0 months	3.0 months	4.0 months
Grace Period (Months)	1.2 months	1.2 months	0.9 months	1.0 month
Total Cost of Credit	GHS 450	GHS 480	GHS 780	GHS 990
True Price by Comp
Interest price component	51.0%	51.0%	50.1%	50.7%
Fee Component	13.9%	13.9%	17.9%	13.8%
Insurance Component	0.0%	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	10.4%	10.4%	10.8%	10.4%
Full APR (int fee ins tax dep)	75.3%	75.3%	78.8%	74.9%
Transparency Index	48	48	46	48

Original Repayment Schedule	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Capacity Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	135
AMPL	0	0	0	135
Arman	41,500	529,107,000	1	135
Arohan	43,500	8,091,000	2	135
ASA INDIA	164,000	15,380,000	1	135
Asirvad	113,500	19,328,000	1	135
Asmitha	1,114,800	217,867,000	1	135
Bandhan	4,048,600	674,564,000	5	135
Belstar	123,000	23,945,000	2	114
BSFL	275,200	31,590,000	3	135
Chaitanya	20,700	3,748,000	3	135
Disha Microfin	69,000	14,332,000	2	135
Equitas	1,220,000	186,415,000	4	135
ESAF	354,200	43,500,000	5	135
FFSL	150,600	35,719,000	2	135
Fusion	66,800	9,820,000	2	135
Grama Vidiyal	738,200	102,101,000	1	135
Grameen Koota	586,600	83,555,000	15	137
Janalakshmi	506,000	119,077,000	2	135
L & T Finance	399,800	37,199,000	1	135
MFL	331,800	49,083,000	1	135
MMFL	175,000	23,752,000	2	135
Mpower	13,600	2,263,000	2	135
Sahayata	0	0	0	135
Saija	24,700	4,682,000	2	135
Samasta	45,500	4,809,000	2	135
Satin	405,600	90,174,000	2	135
SCCI	115,600	15,910,000	2	135
Share	2,195,400	376,727,000	1	135
SKS	3,409,000	355,029,000	2	135
SMILE	360,200	56,927,000	1	135
SNFL	9,400	1,779,000	1	135
Sonata Finance	158,200	22,724,000	3	137
Spandana	533,400	147,240,000	2	135
Suryoday	78,600	14,713,000	3	135
SVCL	118,200	18,886,000	1	135
Swadhaar	92,800	17,166,000	3	135
Trident	68,700	8,852,000	1	135
Ujjivan	913,300	160,848,000	5	135
Utkarsh	168,600	25,915,000	3	135
VFS	175,400	19,264,000	2	135
Asomi	50,300	4,743,000	2	168
AES India	3,600	286,000	1	168
Arth	2,900	611,000	2	168
Asomi	50,300	4,743,000	2	168
Barasat GS	1,100	99,508.02	1	168
BJS	6,000	468,000	1	168
Cashpor	417,000	50,452,000	1	167
Credible	10,000	1,669,540.36	2	168
DIBAKAR	1,800	145,000	1	167
GOF	65,200	5,388,000	4	167
Hope	62,600	4,407,000	1	165
Jaago	2,700	237,000	1	166
LOK	4,900	573,000	1	167
Nano	25,600	3,660,000	2	168
NBSAAVS	28,100	2,821,000	1	165
Nirantara	8,200	917,000	2	167
Parama	7,100	482,000	1	167
Pragathi	26,200	4,579,000	6	167
PWMACS	36,500	5,946,000	1	167
Saadhana	90,900	12,046,000	2	167
Sambhav	1,500	183,000	3	167
Seba Rahara	6,700	468,000	1	167
SU	61,100	5,498,000	1	167
Swayanshree	7,900	918,000	2	167
Vikas Samiti	1,600	168,000	1	167
Vistaar	4,300	1,157,000	2	165
We The People	1,100	244,000	2	167
WEMCS	1,100	85,000	1	167
Yukti	1,100	99,000	2	167

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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
	Greater than:
	Less or equal to:
	From 0 to
	to
	to
	to ∞

Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

Capacity Loan samples

Capacity Loan Price Graphs

Total Borrowers of Samples

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