Number borrowers | 398 |
Loan Amount (range) | GHS 30,000 - 50,000 |
Loan Term (range) | 3 - 24 |
Other Services (text summary) | Credit Ins |
Annual Interest & Method | 38.4%-42.0% annual, Flat |
Fees | 1.50%-2.00% upfront |
Insurance | 0.55%-1.00% upfront |
Tax | None |
Comp Dep | |
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) | 60.7% - 66.9% |
Transparency Index (min/max) | 27 - 66 |
Transparency Index (average) | 59 |
11,771 |
INR 5,000 - 50,000 |
12 - 20 |
Credit Educ, Group Mtgs, Other Training, Social Awareness programs |
12.5% annual, Flat |
2.00% upfront |
1.00% upfront |
None |
10.0% upfront 50.00 ongoing |
N/A |
25.6% - 25.7% (Int+Fee) |
1.4% - 1.7% |
0 |
32.7% - 35.9% |
25 - 47 |
37 |
Outstanding portfolio (GHS) | GHS 7,343,255.72 |
Portfolio (USD) | USD 3,727,540.98 |
Active Clients with Loans | 398 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 80% - 100% |
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 | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 3 |
# Regions for this product | 3 |
Regions Active | Greater Accra Region, Ashanti Region, Brong Ahafo Region |
Outstanding portfolio (INR) | INR 108,645,519 |
Portfolio (USD) | USD 2,049,915.45 |
Active Clients with Loans | 11,771 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Social Awareness programs |
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 | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | GHS |
Minimum loan size | GHS 30,000 |
Maximum loan size | 50,000 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | DK |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 20% |
Longer than 18 months | 50% |
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 |
Currency | INR |
Minimum loan size | INR 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 12.0 months |
Longest loan term | 20.0 months |
Approx average | 15.0 months |
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 | 3.20% |
Highest quoted nominal interest | 3.50% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk |
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 only if physical collateral provided is not sufficient. |
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 | 0 |
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 | 12.50% |
Highest quoted nominal interest | 12.50% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Insurance Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 | 0 |
or, Fixed-amount deposited | INR 50 |
Conditions on access to deposit | When Leaving |
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 | |||
---|---|---|---|---|---|
Loan Amount | GHS 30,000 | GHS 30,000 | GHS 30,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-06-25 | 2013-05-31 | 2013-07-24 | ||
Loan Term (Months) | 25.0 months | 24.0 months | 18.0 months | ||
Grace Period (Months) | 0.5 months | 0.5 months | 0.1 months | ||
Total Cost of Credit | GHS 23,812 | GHS 23,812 | GHS 18,297.52 | ||
True Price by Comp | |||||
Interest price component | 57.8% | 57.7% | 61.5% | ||
Fee Component | 2.3% | 2.2% | 3.0% | ||
Insurance Component | 0.6% | 0.7% | 1.5% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 6.3% | 0.0% | ||
Full APR (int fee ins tax dep) | 60.7% | 66.9% | 66.0% | ||
Transparency Index | 63 | 57 | 58 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | INR 5,000 | INR 10,000 | INR 15,000 | INR 20,000 | INR 30,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 2 | Not Known | 2 | ||||
Disbursement Date | 2010-03-01 | 2010-03-15 | 2010-04-01 | 2010-04-15 | 2010-04-15 | ||||
Loan Term (Months) | 15.0 months | 15.0 months | 15.0 months | 15.0 months | 15.0 months | ||||
Grace Period (Months) | 0.0 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 | Not Known | ||||
True Price by Comp | |||||||||
Interest and Fee Component | 25.6% | 25.6% | 25.6% | 25.6% | 25.7% | ||||
Insurance Component | 1.6% | 1.6% | 1.7% | 1.7% | 1.7% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 8.8% | 6.6% | 5.9% | 5.6% | 5.3% | ||||
Full APR (int fee ins tax dep) | 35.9% | 33.8% | 33.2% | 32.9% | 32.7% | ||||
MFIN MFI Earning (Annualised) | 25.6% | 25.6% | 25.6% | 25.6% | 25.7% | ||||
MFIN Cost to Borrower (Annualised) | 35.9% | 33.8% | 33.2% | 32.9% | 32.7% | ||||
Transparency Index | 35 | 37 | 38 | 38 | 38 | ||||
MFIN Transparency Index | N/A | N/A | N/A | N/A | N/A | ||||
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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