| Number borrowers | 6,836 |
| Loan Amount (range) | GHS 200 - 1,000 |
| Loan Term (range) | 6 - 8 |
| Other Services (text summary) | Credit Ins |
| Annual Interest & Method | 20.00% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 20.00% upfront |
| Range of pricing | |
| Interest Price Component | 42.4% - 67.0% |
| Fee Component | 0 - 6.0% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 97.5% |
| Transparency Index (min/max) | 21 - 64 |
| Transparency Index (average) | 20 |
| 14,946 |
| BOB 300 - 12,000 |
| 4 - 8 |
| N/A |
| 30.0% annual, Decl Bal |
| None |
| None |
| None |
| 10.0% upfront 20.00% ongoing |
| N/A |
| 30.7% - 30.8% (Int+Fee) |
| 0 - 0.6% |
| 0 - 0.4% |
| 47.8% - 48.6% |
| 0 - N/A |
| 62 |
| Outstanding portfolio (GHS) | GHS 1,264,000 |
| Portfolio (USD) | USD 641,624.37 |
| Active Clients with Loans | 6,836 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| 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 | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| 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 | x |
| Other | Must be 18 years of age. |
| Other (2) | Must have residence in the community near relevant branch. |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Northern Region |
| Outstanding portfolio (BOB) | BOB 18,519,098 |
| Portfolio (USD) | USD 2,743,570.07 |
| Active Clients with Loans | 14,946 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | N/A |
| Other (2) | |
| No other services |
| 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 | Buenos antecedentes crediticios. Solvencia Moral. |
| Other (2) | Los interesados deben ser mayores de edad no mayores a 65 años. |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| 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 | 6.0 months |
| Longest loan term | 8.0 months |
| Approx average | DK |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 50% |
| Between 7 and 9 months | 50% |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| Grace period usage | 100% |
| Average grace period | 0.5 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 | BOB |
| Minimum loan size | BOB 300 |
| Maximum loan size | 12,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 8.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 20.00% |
| Highest quoted nominal interest | 20.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.50% |
| Highest quoted nominal interest | 2.50% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 20.00% |
| 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 | |||
|---|---|---|---|---|---|
| Loan Amount | GHS 200 | GHS 200 | GHS 200 | ||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 1 | ||
| Disbursement Date | 2012-09-12 | 2013-02-13 | 2013-03-11 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
| Total Cost of Credit | GHS 40 | GHS 40 | GHS 40 | ||
| True Price by Comp | |||||
| Interest price component | 67.0% | 67.0% | 67.0% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 30.5% | 30.5% | 30.5% | ||
| Full APR (int fee ins tax dep) | 97.5% | 97.5% | 97.5% | ||
| Transparency Index | 21 | 21 | 21 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 3,000 | BOB 3,000 | BOB 7,500 | BOB 8,000 | |||
| Loan Cycle (1, 2, 3, etc) | 7 | 4 | 4 | 7 | |||
| Disbursement Date | 2010-05-19 | 2010-08-05 | 2010-08-12 | 2010-05-19 | |||
| Loan Term (Months) | 6.5 months | 5.6 months | 6.5 months | 6.5 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 30.7% | 30.8% | 30.7% | 30.7% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 17.6% | 17.0% | 17.9% | 17.6% | |||
| Full APR (int fee ins tax dep) | 48.4% | 47.8% | 48.6% | 48.4% | |||
| Transparency Index | 62 | 63 | 62 | 62 | |||
| 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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