| Number borrowers | 263 |
| Loan Amount (range) | GHS 200 - 3,000 |
| Loan Term (range) | 6 - 12 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health/Nutrition , Family Life |
| Annual Interest & Method | 36.00% annual, Flat |
| Fees | 2 fees |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.00% upfront |
| Range of pricing | |
| Interest Price Component | 58.1% |
| Fee Component | 11.2% - 12.2% |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 82.1% - 83.3% |
| Transparency Index (min/max) | 43 - 44 |
| Transparency Index (average) | 43 |
| 148,447 |
| MAD 3,000 - 20,000 |
| 6 - 30 |
| Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Formation Initiale pour les nouveaux clients |
| 25.2% annual, Decl Bal |
| 125.00 upfront 1.50% upfront |
| None |
| None |
| N/A |
| 10.3% - 31.5% |
| 0.7% - 15.2% |
| 0 |
| 0 |
| 27.9% - 40.7% |
| 62 - 107 |
| 75 |
| Outstanding portfolio (GHS) | GHS 78,058 |
| Portfolio (USD) | USD 39,623.35 |
| Active Clients with Loans | 263 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| 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 | x |
| Business training | x |
| Other training | x |
| Other | Health/Nutrition |
| Other (2) | Family Life |
| No other services |
| 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 | x |
| Other | Children and the very elderly are not eligible. |
| Other (2) | Must be a member of a group or association. |
| # Regions for this institution | 6 |
| # Regions for this product | 6 |
| Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region |
| Outstanding portfolio (MAD) | MAD 775,008,000 |
| Portfolio (USD) | USD 91,177,411.76 |
| Active Clients with Loans | 148,447 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | Financement du fonds de roulement ou d'investissement |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Formation Initiale pour les nouveaux clients |
| Other (2) | |
| No other services |
| 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) | Jouir d'une bonne moralité |
| # Regions for this institution | 12 |
| # Regions for this product | 12 |
| Regions Active | Tangier-Tétouan, East and the Rif, Fes-Meknes, Rabat-Sale-Kenitra, Beni Mellal-Khenifra, Settat-Casablanca, Marrakesh-Safi, Drâa-Tafilalt, Souss-Massa, Guelmim-Oued NounEl Aiun-Saguia al Hamra, Dakhla-Oued Addahab |
| Currency | GHS |
| Minimum loan size | GHS 200 |
| Maximum loan size | 3,000 |
| Loans less than GHS 1,000 | 80% |
| GHS 1,000-5,000 | 20% |
| 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 | 12.0 months |
| Approx average | 6.0 months |
| 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 | |
| Every 2 weeks | |
| 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 | 20,000 |
| Loans less than MAD 5,000 | 10% |
| MAD 5,000-15,000 | 70% |
| MAD 15,000-25,000 | 20% |
| 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 | 16.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 50% |
| Longer than 18 months | 15% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 36.00% |
| Highest quoted nominal interest | 36.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Processing Fee | Legal Fee | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 0 | |
| OR, Fixed amount - min | 0 | 1 | |
| Fixed amount - max | 0 | 5 | |
| Reason for variation | N/A | Group pays GHS 50. Group size ranges from 10-50 members, so indv legal fee ranges from GHS 1- 5. | |
| Appears on Repayment Sched? | Yes | 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 | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 10.00% |
| Maximum interest rate paid | 15.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 2.10% |
| Highest quoted nominal interest | 2.10% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Frais de dossier | Commission d'accompagnement solidaire (CAS) | |
| % of loan amount - min | 0 | 1.50% | |
| % of loan amount - max | 0 | 1.50% | |
| OR, Fixed amount - min | 125 | 0 | |
| Fixed amount - max | 125 | 0 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | Yes | 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 500 | GHS 1,000 | GHS 1,500 | GHS 3,000 | |||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 6 | 8 | |||
| Disbursement Date | 2012-12-01 | 2012-12-01 | 2012-12-01 | 2012-12-01 | |||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
| Total Cost of Credit | GHS 106.67 | GHS 211.67 | GHS 316.67 | GHS 631.67 | |||
| True Price by Comp | |||||||
| Interest price component | 58.1% | 58.1% | 58.1% | 58.1% | |||
| Fee Component | 12.2% | 11.6% | 11.4% | 11.2% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 13.0% | 12.9% | 12.8% | 12.8% | |||
| Full APR (int fee ins tax dep) | 83.3% | 82.6% | 82.3% | 82.1% | |||
| Transparency Index | 43 | 44 | 44 | 44 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | MAD 3,000 | MAD 5,000 | MAD 10,000 | MAD 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-04-04 | 2013-04-26 | 2013-03-28 | 2013-04-18 | |||
| Loan Term (Months) | 9.0 months | 12.0 months | 13.0 months | 23.0 months | |||
| Grace Period (Months) | 0.4 months | 0.3 months | 0.4 months | 0.4 months | |||
| Total Cost of Credit | MAD 482 | MAD 875 | MAD 1,822 | MAD 5,786 | |||
| True Price by Comp | |||||||
| Interest price component | 25.5% | 25.6% | 25.6% | 25.5% | |||
| Fee Component | 15.2% | 8.4% | 5.1% | 2.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 40.7% | 34.0% | 30.7% | 27.9% | |||
| Transparency Index | 62 | 74 | 82 | 90 | |||
| 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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