CRAN Microfinance - Individual Loan - MFTransparency.org Truth In Lending Tables

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Institution

CRAN Microfinance Head OfficeCape Coast, CentralP.O. Box UC 97

Data approved: 2013-02-18

Data version: 2

Age of data: 139 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (GHS)	GHS 438,233
Portfolio (USD)	USD 222,453.30
Active Clients with Loans	379
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

These loans are given to people who have the necessary collateral or gurantor, and do not want to be in a group.

Loan Purpose

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

Included Services

Credit education	x
Group meetings
Credit insurance	x
Workplace visits
Business training
Other training
Other	Savings promotion
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
Must be specific age group
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	3
# Regions for this product	3
Regions Active	Central Region, Western Region, Volta Region

Loan Conditions

Loan Amount

Currency	GHS
Minimum loan size	GHS 200
Maximum loan size	10,000

Distribution at Disbursement (Est.)

Loans less than GHS 1,000	50%
GHS 1,000-5,000	40%
GHS 5,000-7,500	10%
GHS 7,500-10,000	0
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	12.0 months
Approx average	6.0 months

Distribution at Disbursement (Est.)

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

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
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

Pricing Information

Interest

Lowest quoted nominal interest	42.00%
Highest quoted nominal interest	42.00%
Interest rate period	Yearly
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	1.75%
% of loan amount - max	1.75%
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

	Ins 1
Description	Insurance Fee
% of loan amount - min	1.25%
% of loan amount - max	1.25%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

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?	No
Do borrowers control deposit in their group?	No

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	0
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	0
Maximum interest rate paid	0
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Individual Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	GHS 400	GHS 800	GHS 1,500	GHS 3,000	GHS 6,000	GHS 10,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2012-12-12	2012-06-22	2013-01-23	2012-12-21	2013-01-30	2012-12-17
Loan Term (Months)	6.0 months	6.0 months	6.0 months	6.0 months	12.0 months	6.0 months
Grace Period (Months)	0.1 months	0.0 months	0.1 months	0.0 months	0.0 months	0.0 months
Total Cost of Credit	GHS 96	GHS 192	GHS 360	GHS 720	GHS 2,700	GHS 2,400
True Price by Comp
Interest price component	66.8%	66.2%	67.1%	67.0%	68.6%	66.9%
Fee Component	6.3%	6.3%	6.4%	6.4%	3.7%	6.4%
Insurance Component	4.6%	4.6%	4.6%	4.6%	2.6%	4.6%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	33.7%	33.7%	33.8%	34.0%	31.2%	33.8%
Full APR (int fee ins tax dep)	111.4%	110.8%	111.9%	112.0%	106.1%	111.7%
Transparency Index	38	38	38	38	40	38

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

Individual Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	141
Adok Timo	4,200	570,000	4	172
BIMAS	11,100	4,679,000	7	141
ECLOF Kenya	20,500	5,455,000	8	141
Equity Bank	135,500	94,746,000	9	141
Family Bank	43,200	90,700,000	5	172
Jamii Bora	2,400	3,374,000	4	141
Juhudi Kilimo	10,400	4,436,000	2	141
KADET	12,900	5,402,000	4	141
K-Rep	0	0	0	141
K-Rep Bank	65,000	28,743,000	4	172
KWFT DTM	294,600	165,982,000	6	141
LKL	13,100	9,311,000	10	133
MKL	18,200	5,989,000	6	118
Opportunity Kenya	9,100	4,866,000	5	141
PAWDEP	40,900	7,133,000	2	141
RAFODE	2,900	356,000	1	141
SISDO	7,300	3,657,000	11	141
Yehu	14,000	3,149,000	11	141

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
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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

Individual Loan samples

Individual Loan Price Graphs

Total Borrowers of Samples

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