Number borrowers | 239 |
Loan Amount (range) | GHS 2,000 - 10,000 |
Loan Term (range) | 3 - 6 |
Other Services (text summary) | Business Training, Other Training |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | None |
Tax | None |
Comp Dep | 20.0%-25.0% upfront |
Range of pricing | |
Interest Price Component | 31.3% - 66.8% |
Fee Component | 1.5% - 10.9% |
Insurance Component | 0 |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 107.7% - 111.0% |
Transparency Index (min/max) | 27 - 76 |
Transparency Index (average) | 32 |
165 |
KES 5,000 - 150,000 |
3 - 12 |
Credit Ins |
18.0%-22.0% annual, Flat |
3.00% upfront |
1.20% upfront |
None |
N/A |
19.3% - 39.1% |
3.3% - 11.5% |
1.4% - 4.7% |
0 |
45.8% - 51.1% |
17 - 51 |
37 |
Outstanding portfolio (GHS) | GHS 509,342.35 |
Portfolio (USD) | USD 258,549.42 |
Active Clients with Loans | 239 |
Approximate % Female Clients | 40% - 60% |
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 | x |
Other training | x |
Other | |
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) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Greater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Brong Ahafo Region |
Outstanding portfolio (KES) | KES 8,468,382 |
Portfolio (USD) | USD 102,275.14 |
Active Clients with Loans | 165 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | x |
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 | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Central, Coast, Eastern, Nairobi, Nyanza, Rift Valley, Western |
Currency | GHS |
Minimum loan size | GHS 2,000 |
Maximum loan size | 10,000 |
Loans less than GHS 1,000 | 0 |
GHS 1,000-5,000 | 30% |
GHS 5,000-7,500 | 40% |
GHS 7,500-10,000 | 30% |
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 | 6.0 months |
Loans 3 months or less | 10% |
Between 4 and 6 months | 90% |
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 | x |
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 | KES |
Minimum loan size | KES 5,000 |
Maximum loan size | 150,000 |
Loans less than KES 50,000 | 60% |
KES 50,000-150,000 | 40% |
KES 150,000-250,000 | 0 |
KES 250,000-350,000 | 0 |
KES 350,000-450,000 | 0 |
Greater than KES 450,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 40% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 40% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 100% |
Average grace period | 1.0 month |
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 | 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 | |
---|---|
Description | Commitment Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 20.00% - 25.00% |
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 | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 22.00% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Application Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Annual Loan Protection Fee |
% of loan amount - min | 1.20% |
% of loan amount - max | 1.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
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 | |||
---|---|---|---|---|---|
Loan Amount | GHS 3,000 | GHS 6,000 | GHS 9,500 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-05-31 | 2013-05-29 | 2013-05-17 | ||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | ||
Grace Period (Months) | 0.1 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | GHS 630 | GHS 1,260 | GHS 1,995 | ||
True Price by Comp | |||||
Interest price component | 56.1% | 56.9% | 57.4% | ||
Fee Component | 10.6% | 10.8% | 10.9% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 41.0% | 42.1% | 42.7% | ||
Full APR (int fee ins tax dep) | 107.7% | 109.8% | 111.0% | ||
Transparency Index | 33 | 33 | 32 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | KES 10,000 | KES 30,000 | KES 55,000 | KES 90,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-14 | 2013-04-22 | 2013-04-19 | 2013-05-09 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 12.0 months | |||
Grace Period (Months) | 0.2 months | 0.0 months | -0.1 months | 0.1 months | |||
Total Cost of Credit | KES 1,520 | KES 4,560 | KES 14,410 | KES 23,580 | |||
True Price by Comp | |||||||
Interest price component | 34.2% | 36.0% | 38.9% | 37.4% | |||
Fee Component | 10.1% | 10.7% | 6.2% | 5.9% | |||
Insurance Component | 4.1% | 4.4% | 2.6% | 2.5% | |||
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) | 48.4% | 51.1% | 47.7% | 45.8% | |||
Transparency Index | 37 | 35 | 38 | 39 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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