| Outstanding portfolio (GHS) | GHS 671,900 |
| Portfolio (USD) | USD 341,065.99 |
| Active Clients with Loans | 880 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 60% - 80% |
| 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 | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 3 |
| # Regions for this product | 4 |
| Regions Active | Greater Accra Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
| Currency | GHS |
| Minimum loan size | GHS 50 |
| 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 | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | DK |
| 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 | 0 |
| Average grace period | 0 |
| 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 |
| Lowest quoted nominal interest | 4.00% |
| Highest quoted nominal interest | 4.00% |
| Interest rate period | Monthly |
| 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 | 1.50% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 1.5% to 2.0% in March 2013. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Insurance Fee |
| % of loan amount - min | 0.55% |
| % of loan amount - max | 1.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee increased from 0.55% to 1.0% in July 2013. |
| Appears on Repayment Sched? | Yes |
| Required for | Some |
| Criteria | Required if physical collateral provided is not sufficient. Ongoing is 2.5 GHS pw for weekly loans, 10 GHS for monthly loans |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 0 - 20.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | GHS 2.50 - GHS 10 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 6.00% |
| Maximum interest rate paid | 6.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | GHS 300 | GHS 400 | GHS 600 | GHS 800 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-06-18 | 2013-06-06 | 2013-05-14 | 2013-06-06 | |||
| Loan Term (Months) | 5.6 months | 5.6 months | 5.6 months | 5.6 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | GHS 73.89 | GHS 98.52 | GHS 139.32 | GHS 197.04 | |||
| True Price by Comp | |||||||
| Interest price component | 86.0% | 86.0% | 81.0% | 86.0% | |||
| Fee Component | 9.1% | 9.1% | 6.8% | 9.1% | |||
| Insurance Component | 2.5% | 2.5% | 4.5% | 2.5% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 83.1% | 73.5% | 62.0% | 60.3% | |||
| Full APR (int fee ins tax dep) | 180.7% | 171.1% | 154.3% | 157.9% | |||
| Transparency Index | 27 | 28 | 31 | 30 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.seilanithih.com.kh/ |
| Year established | 1996 |
| Head of Institution | Mr. Sanjay Gandhi |
| Regions active | Banteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
| # Branches | 25 |
| Total Portfolio (nat'l) | KHR 26,884,090,059 |
| Total Portfolio (USD) | USD 6,806,098.75 |
| Active clients with loans | 11,502 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 0 |
| Network affiliations | CMA |
| Funders | CMI, CARD |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan (KHR) | KHR 400,000 - 2,400,000 | 1 - 24 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land | Credit Ins | |||||||
| Group Loan (THB) | THB 4,000 - 24,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins | |||||||
| Individual Loan (THB) | THB 4,000 - 200,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Ins | |||||||
| Individual Loan (KHR) | KHR 400,000 - 20,000,000 | 1 - 12 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | ||||||||
| Individual Loan (USD) | USD 100 - 10,000 | 1 - 24 | 40% - 60% | 20% - 40% | Business | Women, Men, Have business, Have home or land, Specific age group |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group Loan (KHR) | 36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 36% | 37.1% | 97 | ||||||||
| Group Loan (THB) | 36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 32.9% - 36% | 34.8% - 37.1% | 100 | ||||||||
| Individual Loan (THB) | 27.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 27.1% - 36% | 28.7% - 37.1% | 88 | ||||||||
| Individual Loan (KHR) | 30.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 30% - 36% | 31% - 37.1% | 85 | ||||||||
| Individual Loan (USD) | 27.0%-36.0% annual, Decl Bal | 0 Fees | 0 Ins | None | 3.0% upfront | 27.1% - 33.4% | 28.6% - 35.2% | 95 |
| 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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