Number borrowers | 880 |
Loan Amount (range) | GHS 50 - 1,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 48.0% annual, Flat |
Fees | 1.50%-2.00% upfront |
Insurance | 0.55%-1.00% upfront |
Tax | None |
Comp Dep | 2.50-10.00 ongoing |
Range of pricing | |
Interest Price Component | 57.7% - 86.0% |
Fee Component | 2.2% - 9.1% |
Insurance Component | 0.6% - 4.5% |
Tax Component Range | 0 - 0.6% |
Full APR (int fee ins tax dep) | 154.3% - 180.7% |
Transparency Index (min/max) | 27 - 66 |
Transparency Index (average) | 29 |
1,855 |
MAD 3,000 - 30,000 |
6 - 30 |
18.0%-24.0% annual, Flat |
2.00% ongoing |
None |
None |
N/A |
26.3% - 47.4% |
1.4% - 6.3% |
0 |
0 |
35.3% - 50.0% |
36 - 83 |
42 |
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 |
Outstanding portfolio (MAD) | MAD 12,651,000 |
Portfolio (USD) | USD 1,488,352.94 |
Active Clients with Loans | 1,855 |
Approximate % Female Clients | 20% - 40% |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
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) |
# Regions for this institution | 5 |
# Regions for this product | 4 |
Regions Active | East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra |
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 |
Currency | MAD |
Minimum loan size | MAD 3,000 |
Maximum loan size | 30,000 |
Loans less than MAD 5,000 | 15% |
MAD 5,000-15,000 | 80% |
MAD 15,000-25,000 | 5% |
MAD 25,000-35,000 | 0 |
MAD 35,000-45,000 | 0 |
Greater than MAD 45,000 | 0 |
Shortest loan term | 6.0 months |
Longest loan term | 30.0 months |
Approx average | 13.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 50% |
Between 13 and 18 months | 40% |
Longer than 18 months | 10% |
Grace period usage | 0 |
Average grace period | 0 |
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 | 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 |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 2.00% |
Reason(s) why interest rate varies | Loan Size |
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 | Frais Dossier |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fees that are not mentioned in the "frais dossier" are included in the loan costs since implementation of a new MIS. |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
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 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 |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | MAD 2,940 | MAD 5,000 | MAD 9,800 | MAD 19,000 | MAD 29,400 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2013-03-22 | 2013-04-29 | 2013-04-05 | 2013-04-24 | 2012-10-22 | ||||
Loan Term (Months) | 7.0 months | 11.0 months | 19.0 months | 17.0 months | 28.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | MAD 540 | MAD 1,324 | MAD 4,200 | MAD 5,613 | MAD 14,100 | ||||
True Price by Comp | |||||||||
Interest price component | 44.7% | 45.4% | 45.0% | 34.7% | 33.9% | ||||
Fee Component | 5.3% | 3.4% | 2.0% | 2.4% | 1.4% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 50.0% | 48.8% | 47.0% | 37.1% | 35.3% | ||||
Transparency Index | 36 | 37 | 38 | 49 | 51 | ||||
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 |
---|---|---|---|---|---|---|---|
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 ∞ |